just-joe

just-joe

Triangle or Zig-zag?

just-joe

Amazing to me that Elliot discovered these patterns and counts, which are still active and valid to today's market, including crypto-currencies. The Triple Combo has (2) variations: Basically, the ending "Y" leg finishes in either a 'zig-zag' or a 'triangle'. This correction took over a year to complete, and I believe this to be a larger degree wave 1 & 2. The...

just-joe

The W-X-Y has been a primary count for me for quite some time. Originally, I believed the "Y" leg would be a punishing low in the form of a zig-zag, and the possibility still exists, but the price is beginning to prove it's intention and the pattern for the "Y" leg is beginning to emerge. Once the triangle is complete, I expect Bitcoin to resume it's bullish...

just-joe

5 wave down for wave c looks to be complete, an expanding diagonal. If it completes here, this price on Bitcoin coincides with several other targets that I've been watching on many different altcoins. So, I'm comfortable with the count for now. This is a strong area of support, which needs to be held by the bulls.

just-joe

Expanded flat count.

just-joe

Fee-jee part 3.

just-joe

Fee-jee part 2.

just-joe

This one goes out to Fee-jee!

just-joe

Seems reasonable! This is the line that you're suppose to buy at vs. the top line...right? The market has a way of producing the "idea" of just one more low, just one more low....and then it turns! Is this the turning point? We shall see. For the record, I'm in. Below that lower channel line, and I'm out!

just-joe

Verge continues to prove that it's correction is over. I'm keeping an eye on the 1-2,1-2 setup.

just-joe

Yikes! Where is it going? HIgher would be beyond spectacular, but I think this chart shows the more likely scenerio!

just-joe

Update

just-joe

Sneaky little expanding diagonal for a wave 1, with a wave 2 almost complete....Lets see how this plays out.

just-joe

Deep retrace!

just-joe

The lower channel really needs to hold the price. If it fails, then I believe I would have to consider a larger degree wave 4.

just-joe

Lower? We will see!

just-joe

My original premise is that Bitcoin's correction would be a potential w-x-y-x-z has come close to playing out....the "Z" leg is yet to possibly come. I remain bullish long term, and I am a bull at each pivot, only to see it fail and drop lower.... . I believe the Z leg has a strong chance, and this correction could last into April. I can make an argument for this...

just-joe

Wave 1? It could be a strong sign things are turning!