I am not calling for 1.8k. However, I stand with my primary count on this move up being part of correction, rather than a bull rally until the markets prove that count wrong.
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at what point would you deem the market proved it wrong? 17k? 20k? 50k?
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Complete the five waves up, pull back for the second wave and then break the high wave 1 onto wave 3. If bullish moves is what one is concerned with then you can trade those regardless of what the count it. I am talking about overall count, not price moves.
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every significant leg up keeps extending longer then the last. no one in their right mind would consider that corrective over impulsive
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You have impulsive waves within corrective structure so it depends what degree you're talking about. Plus, how often have you actually seen parabolas as wave 1 within infinite wave extensions that have no regard for time and price rules?pic.twitter.com/FjzR44B6IH
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what if this isn't a wave 1 though what if this whole leg keeps extending to 50k like gold did in the 90s? im sure there were plenty of investors back then waiting for a pullback that never happenedpic.twitter.com/76g31DEoe5
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1/ I don't want you to misunderstand me. So, please allow me to clarify this: I am not talking about trading this move up; We trade whenever there is a setup with good R:R. Here. I'm talking specifically about the wave count to form an overall picture of the market = the EW count
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2/ The Gold chart you shared respects the price as well as time rules of EW. I don't see what the issue might be. Except the part about multiple extensions? Well, on the daily chart the picture is not that of a parabola, it's similar to BTC's previous bull markets.
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Haha we see the slightest bit of red and people legit change their mindset. It's ridiculous. The past two weeks, "Just waiting for a dip, I can't wait to buy the dip".
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every single time lol
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probly not long bc we're going right back up
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8.8k dip gets bought quick then accumulation near 9.5K then pump to 20K near december
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RIGHT ABOUT NOW.
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