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RE: STEEM the Chalice of WEALTH!! Updated Analysis: Target $4 by Dec/Jan and $14 later in 2018
How do you put time frames on things?
EW can pick direction and targets but even Elliot himself, if I recall, mentioned that deeming time frames was impossible.
I ask because I have seen others do it claiming to use other techniques...is this what you do?
There is a method based on historical timeframes in indices. There are very expensive programs, which can show you how long a wave 4 is likely to last if wave 2 lasted X hours for example.
I don't know how heajin does it and how accurate it is, but in my opinion time does not matter if you know the directon. Patience matters.
Thanks @ew-and-patterns.
Time does not matter...unless you are using options....then it can matter a bit LOL
But I get your point, if you know where you are and have an idea of where things are going, it is much easier to scale in and hold for the impulse waves.
Cryptos have a syndrome called "Hurry Up and Wait". They rush the impulse Waves and get real slow on the corrections. Knowing this, I try and gauge the time.
Overall, accuracy of count is most important because if it is then direction will be accurate.
Just like BCH, confidence in your count gives you the mental/emotional wherewithal to hold and not sell out of frustration.
Because of you I am toeing into BTS...I have a starter position while doing my research.
Thanks for all of your posting on here...
I wish you MASSIVE profits!
I have a feeling if I have massive profits in it, you will have massive profits and then some.
I am going to surmise you have yourself a tidy sum of BTS.
Yes
Still laddering in