Challenge. Try your skills..

Today we want to experiment a bit.

Here is the chart for ETHBTC from right now:

ShortTerm

Some labels are placed, some are missing.

Now, the author would like to ask you:

  1. Finish the missing Elliott Waves elements
  2. Decide, would you like to go long, short or stay neutral

Better to do it now before the market moved too much.

The purpose is, we would like you to learn the practical side of Elliott Waves by yourself. There is no needs to be dependent on anyone. Elliott Waves is extremely logical and most clear TA tool the author saw in his life. It only appears to be difficult. The more you practice, the better (and clear + logical) it becomes. So, the best way is – to practice.

The author promises to answer every comment and give feedback.

Try it out!

In the evening either the market itself will answer some questions or the author will publish his version.

Have fun =)

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Author: Ravno_108

Sentiment wave rider. Product creator. Yogi

7 thoughts on “Challenge. Try your skills..”

  1. Oh no! Too soon – I’m brand new to trading and just learned what Elliott Waves are. But your blog is one of the tools I’m using to learn it. I like your style (laid-back approach). I don’t know enough to try an answer – yet. I just wanted you to know that people are listening…. you’re not talking into a vacuum!

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    1. No worries, the only mistake is doing no mistakes. So try it out. And I’m glad you are using it for learning, I’m planning to extend or to place more focus on this “learning” part of the blog.

      Like

  2. Same here (Wave NOOB) — I’ve put some sell orders in the 2350-2450 range, just in case it does the ‘big dip’ after testing that range.

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  3. I am expecting a modest rise because of the good news (Gemini, theDAO), not because I understand TA πŸ™‚
    If it were to continue to rise, the BTC I would use for swing trading MKR, DGD. If it drops from here (without touching 2350-2450) I would be sitting it out. I wouldn’t know where to start to add the a-b-c and 1-2-3s to the chart.

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    1. News by themself do not mean either bullish no bearish move. You need always to place the news into the context of the current wave structure. The fact is that the news (very good in a bull market and bad ones in a bear market) are coming mostly when the move is almost over. The only exception during the wave 3 in a motive wave and wave C in an A-B-C correction, where this wave C is an extended one.

      And about where you start adding the a-b-c or 1-2-3-4-5 on the chart.
      Start looking for the local tops and bottoms.

      Like

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