Easy 450+ points but be careful on the new Bitcoin high...

18 Okt 2017

I think we have a nice little trade setup in the 2H chart. I'm looking closer at Litecoin right now but if I were trading this, I'd enter on a green 2H candle after the 5420 is hit. Pretty sure it's a down count at this time frame now... The 3D chart is most interesting - a new high would complete a 16 point count from the circa 1800 low. As mentioned in the chart this would also complete a 24 point count at an even larger scale, so watch out, it may get ugly... All these counts are multiples of 4... that's what the market's are doing folks... repeating counts of 2, 4, 8, 16, 20, 24... but esp. 4, 8, and 16... (never count the trend high/low - count everything you see, don't skip events)

Not sure if this is allowed (pardon me if not) but here are some pages that explain...
the-crypto-analyst.ghost.io/m4-versus-ewp-comparing-counting-strategies/

See also:
the-crypto-analyst.ghost.io/what-is-m4/

18 Okt 2017

Catatan

Scratch "enter on a green 2H candle" - I should've said 'start trailing candles'. I usually base my entry on price hitting some element of the previous candle - usually the high... The 2H count is at 28 but use caution, the next 'multiple of 4 window' is always a possibility.

18 Okt 2017

Catatan

Our pullback here is now the size of the Sept. 20 retracement which means the daily count will continue over the backslide and up into the final primary wave - which now has a greater potential to extend well beyond the current 5867 high. This entire final primary wave from the 2975 low may well end up being a 24 point count. Keep an eye on the 2 or 4 hour charts for an entry signal and maybe use a little TA with it, never hurts...

18 Okt 2017

Catatan

Looking at the 4H chart the current low (5102) is a buy in window for a 20 point count...