Post
Topic
Board Speculation
Re: 2018 Cryptocurrency Crash (Elliott Wave)
by
exstasie
on 16/02/2018, 19:47:33 UTC
The Elliott Wave counts look pretty wonky. C waves are impulsive; what are these endless ABCs? I'm also skeptical of the declaring top just because we reached the .382. And frankly, we didn't even get that far. Both Bitstamp and Bitfinex retraced about 30%. While a zig zag with such a small B wave is possible, why would you consider it likely? I pointed out the possibility last week, but I'd wait for some confirmation, especially now that we're forming a doji on the daily chart. No impulsive downside detected.

What's the next position?

The charts were posted today.....what do you expect?