This time, on Fractals with Friends

12 May 2018

Another fractal for you going back to 2014 for BTCUSD. Fairly self explanatory, but I will update as I investigate it further. The major differences here is that the 2014 fractal tops out before falling into the harmonic bearish gartley. Currently our bearish butterfly is leading into our top. I actually have that recent high as an expanded flat in my EW count. This is really just food for thought. The idea post is to track it, the updates that will follow show the meat of the fractal similarities.

NOTE: 161.8% extensions indicate probably impulsive movement (hence the bearish outlook), while 61.8%-138.2% are normal for C extensions of A in a corrective move (bullish).


DISCUSS

12 May 2018

Not

EXHIBIT A:

12 May 2018

Not

EXHIBIT B:

12 May 2018

Not

EXHIBIT C:

16 May 2018

İşlem aktif

Since we saw a pretty healthy correction during the second wave then I have to adjust the count from an ABC to a WYZ in which case our new targets would be $7900-$7500, below $7300 and DOOM.

22 May 2018

İşlem aktif

We've bounced off $8k and the 1.382 fib fairly cleanly. We may be going back for a retest now, but the possibility of breaking down past the 1.618 is still a very real possibility.

25 May 2018

Not

Time for winter boys and girls.

13 Haz 2018

Not

Late update, but.... DOOM

$4700 is back on the radar.