Post
Topic
Board Speculation
Re: Critical Levels - EW analysis
by
RyNinDaCleM
on 17/06/2015, 00:08:26 UTC

If this breaks in style which it sure could it might be time to assume we are going to produce a larger wave B...

Seconded!
But I still like this for now


From here: https://bitcointalk.org/index.php?topic=812637.msg11249028#msg11249028

This is the leading diagonal I spoke of. Clear and valid 5-3-5-3-5. Typical retracement would be 50-61.8% but it could go anywhere in that grey box. Note the dates
Interesting, didn't know you could project time as well with fibs. The date given would also allow for daily SMA200 to reach ~260-level, which happens to be where luc identifies main resistance.

Shame we'll have to grind through an entire month for a measly $30 move though, but at least the long term outlook is made even more bearish with that count Smiley

A whole month... But it is close