taking profit here, i think we will retrace from here
i think maybe i was wrong, so i stepped in again, probably best to just stick to the long term goal
still bullish, the reversal trend happened just before the middle of apex, i take that as a normal correction along the way, makes me more bullish on this one, i think BTC will form some sort of triangle now before moon, will watch that one closely too.
@nissemelk, Ahh okay. I actually read his book a while ago, but that was before I actually understood the wave principle itself. Would you recommend I revisit it? Are there any chapters/areas in specific that you find particularly useful? Thanks
@StippWian, the chapters involving figuring out price targets after corrections, and also figure out what wave is potential extension ones, and channeling is extremely useful to figure out potential tops and bottoms. for example this one is an elongated flat followed by an x-wave and another flat and then triangle, which says we will go to atleast 1.618 of previous big impulsive wave up or group of waves up, so this could go beyond my price target, depends really on if btc gives us a few more weeks, or if alts will outperform BTC next bullrun. Cheers
@nissemelk, Alright that's awesome, thanks a lot. I will reread them chapters and if I find them useful I will apply them in my trading. I know Neely's approach is very scientific and i'm sure being so quantitative is probably reasonably advantageous when mixed with the qualitative-ness of Elliott Wave.
Great Analysis .. I have 90% of holdings in BTS, it is most undervalued right now.. It falls into 0.7% of ICO's which are actually looking for creating decentralized exchanges and have a real time utility.