wave 0 = 420.27 wave 3 = 683.53 wave 4 = 621.86 if wave 5 is 100% of waves 1 to 3 we get a target of (ln(683.53)-ln(420.27))+ln(621.86)=1,011.39 if wave 5 is 161.8% of waves 1-3 we get a target of (ln(683.53)-ln(420.27))*1.618+ln(621.86)=1,366.03 (i ...

right, my wave (3) isn't drawn to scale; it's far above the ATH...

wow you can see 4 wave degrees in this chart bros, your greatest enemy is your own ego

@KiwiOz it's a little difficult to see, but i have it as an expanding triangle. note the (d) wave is higher than (b).

i understand many of you want the market to prove itself and take out the ATH at 1163. but that actually already happened at the cycle degree level at 259.34. the market already took out that high which proves we are in an extended wave (III) trend ...

im no a fan of indicators but the weekly macd is setting up for the mother of all rallys. LL, venzen and others... are you going to fight the trend all the way to 8K+? and also fight the market cycles too? impressively stubborn you both are!

i believe intermediate wave (3) will extend and take out the top at 1163 but we have to switch to natural log to calculate the targets. it is reasonable for wave (3) to be 261.8% of wave (1) wave (0) = 339.79 wave (1) = 548 wave (2) = 420.27 ...

count update... no change. getting close to the edge of the channel. im channeling the same degree waves

the magnitude of bitcoin moves is forcing me to label the waves that way. i can't call the top at 1163 minor wave 3 or minute wave iii. most correct is primary wave (circle) 3..... the previous top at 259 was primary wave (circle) 5 and also ...

Hi KiwiOz, if i may direct you towards BTC China's chart it is the most straightforward and easy to understand. the chart shows it is a flat correction with an internal structure of 3-3-5. just a reminder... bitcoin is in an extended wave (III) ...

i agree with you regarding prolonged sideways action but only after the market reach cycle degree wave III (5K-10K).... just by looking at the channel lines it is clear wave IV will take around 11 months which is longer than any other correction ...

market took out 2 long term downtrend lines within days of each other. market saying the sky is the limit bros