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Cryptocurrency

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    Originally posted by Jog On View Post
    Updated my BTC chart (just a bit of fun). Would love the bull run to start now but no cigar yet...
    Think I agree with you. MY chart has a retracement back to about 9000 as wave 4 of the current impulse. If it only hits 9500 then that's a very bullish move and I'll be very pleased with it but the wave 2 was a pretty bullish retracement so I have to go for the bearish retracement here. I still stand by 10800 to 11200 for the wave 5 target though. The only issue I have with that is that it puts wave 1 and 3 of the higher level count at very very similar lengths and I don't like that much
    Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

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      Originally posted by VirtualMonkey View Post
      Think I agree with you. MY chart has a retracement back to about 9000 as wave 4 of the current impulse. If it only hits 9500 then that's a very bullish move and I'll be very pleased with it but the wave 2 was a pretty bullish retracement so I have to go for the bearish retracement here. I still stand by 10800 to 11200 for the wave 5 target though. The only issue I have with that is that it puts wave 1 and 3 of the higher level count at very very similar lengths and I don't like that much
      As long as wave 3 isn't the shortest it's a valid count.
      "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

      Comment


        Originally posted by Jog On View Post
        As long as wave 3 isn't the shortest it's a valid count.
        It's just (really close) longer than 1 if my count is correct
        and the wave 5 target should then hit just under 13k i reckon
        Last edited by VirtualMonkey; 16 February 2018, 11:08.
        Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

        Comment


          Originally posted by VirtualMonkey View Post
          Think I agree with you. MY chart has a retracement back to about 9000 as wave 4 of the current impulse. If it only hits 9500 then that's a very bullish move and I'll be very pleased with it but the wave 2 was a pretty bullish retracement so I have to go for the bearish retracement here. I still stand by 10800 to 11200 for the wave 5 target though. The only issue I have with that is that it puts wave 1 and 3 of the higher level count at very very similar lengths and I don't like that much
          Seem to be forming into a downward wedge with the apex just above the 9500 support zone. Here's hoping for a bullish retracement to complete and the a quick jump to 13000
          Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

          Comment


            Originally posted by VirtualMonkey View Post
            It's just (really close) longer than 1 if my count is correct
            and the wave 5 target should then hit just under 13k i reckon
            This aligns with the upper trend line of the corrective channel as well. Ideally it will break it and moon - but, could well not.
            "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

            Comment


              OMGBTC looking good. Possibly 0.0018 before it retraces back to 0.0017
              Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

              Comment


                Originally posted by VirtualMonkey View Post
                OMGBTC looking good. Possibly 0.0018 before it retraces back to 0.0017
                Just bought this one - now got 24 different coins...
                "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

                Comment


                  Originally posted by Jog On View Post
                  Just bought this one - now got 24 different coins...
                  I wish I had that money to spread
                  In Scooter we trust

                  Comment


                    Originally posted by The Spartan View Post
                    I wish I had that money to spread
                    Very small positions in some of them
                    "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

                    Comment


                      Originally posted by Jog On View Post
                      Just bought this one - now got 24 different coins...
                      about the same for me. mostly way down still but recovering slowly. still only at 75% of ath btc value but plenty of room to run
                      Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

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