I follow the Bitfinex chart for BTC, and the slight differences between Bitstamp (as you have posted recently) and Bitfinex make very subtle differences at critical points.
Please look at the charts below. Large view Bitfinex so you can see where I've placed my lines, and closer view.
On my chart, BTC did not reenter the triangle, but instead touched it, wicked, and bounced.
Given that Bitfinex has more BTC volume, should we not chart BF charts? I say this with respect to your work and analyses, and in the interest of reading the most relevant charts.
What do you think? First of all, are my lines correct in the first place?
Thank you for everything you do to teach us your style of analysis. Personally, I could care less if you are right or wrong. I don't see it that way. I see your analysis is extremely useful. In recent times I've cross checked it with other forms of TA too, but ultimately, I use Elliott waves because I feel they are more reliable.
Don't ever let the turkeys get you down. I'm staying, regardless of the good, the bad or the ugly.
You've helped me not only to help myself, to think for myself, and to relax, but also for me to help my friends and family that are coming into crypto.
I teach them EW counts, pattern recognition, laddering and patience.
For example, my friend who just started wanted to buy Dragon chain at $2.30. It started going up. He wanted to FOMO so bad. I taught him to wait. Then came $2. He said "Now?", I said wait. Then came $1.80. "Now?", I said wait, you might get $1.50. Then came $1.50 and he said "surely now!", I said, actually, I think you might get it at $1.
and he did...
All the while, I showed him why, and how I was looking at the charts etc.
Thank you. These are skills you've given me. I'm teaching him from the basics that I have gained from you so far.
RE: Bitcoin (BTC) Evening Update: Alternate Counts