Topic: 2018 Cryptocurrency Crash (Elliott Wave) - page 31. (Read 26030 times)
I appreciate the similarities and have called them out myself, without the detailed analysis (anyone can see them if they pay attention). The question however is, where are we in the larger fractal pattern, are we in 2000 or 1998... how can we be sure? Selling here is a good exit point (for me), but misses out on potential x3-4 times increase. 
Can you tell which is Bitcoin, and which is Nasdaq, and which is a random stock called Pulte Group ?:
https://i.imgur.com/eBplUQW.jpg
https://i.imgur.com/eBplUQW.jpg
I'm going with Bitcoin, Random company, Nasdaq. I'd recognise that brute anywhere.
Do a win a prize? Or do i only win if i accept the implications and act....
Correct! Now that you've identified that cryptocurrencies are in bear market, you can avoid the booby prize of hodling them!
Can you tell which is Bitcoin, and which is Nasdaq, and which is a random stock called Pulte Group ?:
https://i.imgur.com/eBplUQW.jpg
https://i.imgur.com/eBplUQW.jpg
I'm going with Bitcoin, Random company, Nasdaq. I'd recognise that brute anywhere.
Do a win a prize? Or do i only win if i accept the implications and act....
Additional short trade setup ahead of the CME futures 26-JAN-2018 expiration as follows:
BTC/USD (COINBASE)
OPEN = 11146
CLOSE = 8065
STOP = 11690
RISK = 4.9%
REWARD = 28%
https://i.imgur.com/XIL5Jqr.png
BTC/USD (COINBASE)
OPEN = 11146
CLOSE = 8065
STOP = 11690
RISK = 4.9%
REWARD = 28%
https://i.imgur.com/XIL5Jqr.png
I assume this is dotcom graph with real dates put on here. What about the time scale? On the graph you show above, there is more than one year between the point you marked as "Bitcoin, Jan 2018" and equal price level prior to "bubble" period. That means dotcom "bubble" lasted around 1.5 years at top prices. This doesn't fit with Bitcoin at all IMHO. We didn't have anything like $10k a year ago... Any comments?
The purpose of the chart is to illustrate how price forms in fractals; and how exponential parabolic bubble curves, usually decline a Fibonacci 78.6% of value when they burst.
This happens on all time scales whether hours, days, weeks, months, years or decades.
Here is a blind test with price and time scales removed. It illustrates how the same patterns occur on very different price and timescales.
Two charts ended in a speculator crash losing 80% in value, and one isn't done yet.
Can you tell which is Bitcoin, and which is Nasdaq, and which is a random stock called Pulte Group ?:
I assume this is a dotcom graph with real dates put on here. What about the time scale? On the graph you show above, there is more than one year between the point you marked as "Bitcoin, Jan 2018" and equal price level prior to "bubble" period. That means dotcom "bubble" lasted more than one year at top prices.
This doesn't fit with Bitcoin situation at all, right? We didn't have anything like $10k a year ago. Don't you think the last period of Bitcoin surge is too short to be considered a fully blown bubble..?
Dotcom vs Crypto
I don't know. BTC seems to be holding pretty solid at 10k.
I don't know. BTC seems to be holding pretty solid at 10k.
Watch OP change his chart again, and make a new prediction.
After this Friday, downwards manipulation of Bitcoin will cease due to Wall Street traders closing their shorts (and so they will pump it back up).
For now, shorting Bitcoin is actually OK, since you're playing along with wall street. Just wait 2 more days...
I don't know. BTC seems to be holding pretty solid at 10k.
So Bitcoin will be 100x in a decade? That's what I'm predicting too.
Yes, just like tulips.
https://youtu.be/I5ZR0jMlxX0
Dotcom vs Crypto
So Bitcoin will be 100x in a decade? That's what I'm predicting too.
Are you expecting a big bounce once it hits 8k?
If support is found at ($7599/$8061) $7907 on average, then the expectation is a bounce to ($9946/$12293) $11120 on average; i.e. assuming the following Elliott Wave model remains on track:
https://i.imgur.com/aICuMjr.png
Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).
With gains of +15% thus far, the short position from $12485 remains active with a stop-loss at $13017.
Target range remains at ($8061/$7599) $7907 on average for an additional 25% gain.
Idealised and speculative Elliott Wave model indicative of price and structure, not time:
Are you expecting a big bounce once it hits 8k?
Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).
With gains of +15% thus far, the short position from $12485 remains active with a stop-loss at $13017.
Target range remains at ($8061/$7599) $7907 on average for an additional 25% gain.
Speculative and idealised Elliott Wave models indicative of probable price and structure, not timing; are attached of popular crypto pairs:
BCH: https://i.imgur.com/D7w1T6x.png
ETH: https://i.imgur.com/087Jnf5.png
ADA: https://i.imgur.com/bZe9pSO.png
LTC: https://i.imgur.com/Zqqi8uC.png
XRP: https://i.imgur.com/t0oKJrm.png
IOT: https://i.imgur.com/9bEEdbY.png
BTW, you're miscounting the Elliot Waves.
The 5 downwaves (up-down pattern, I mean - 3 downlegs) have already come, with the final one in progress possibly - you're a few behind, if you want to use EWT.
Next time the price goes up, make some new graphs lol. How many ones did you discard? (I know at least a few based on recent days)
The 5 downwaves (up-down pattern, I mean - 3 downlegs) have already come, with the final one in progress possibly - you're a few behind, if you want to use EWT.
Next time the price goes up, make some new graphs lol. How many ones did you discard? (I know at least a few based on recent days)
LOL you literally spent time to generate those funny looking random graphs. And you're begging people to up-vote you on Reddit. Thanks bruh, you made my night.
If you had followed those 'funny looking random graphs', you'd be up 50% in Bitcoin alone during the past week.
In addition, the short position from two days ago is now up 15% and will net another 25% if $8000 is met.
Up-votes could have increased visibility of the post, thus preventing losses and gains sent to charity —don't you wish you saw this post earlier?
You would be up a lot of Bitcoin no matter what, as long as you learned to buy low, sell high. A lot more than 50% over the past week, since you could have made 50% two days ago by buying the dip and selling the top.
The thing is that experienced traders beat short-sellers all the time in this market in almost all conditions.
Then, that 1% of the time, when short-sellers don't get destroyed, they get to have some fun FUD-spreading. That's fine.
https://vk.com/bitcoin_vanga
^People should listen to this guy, who currently predicts a run to $40k before 2019, has correctly predicted the 2013 crash and 2-year bear period, and just recently predicted a drop to $9k (support) the day before it happened.
He didn't change his predictions back and forth either.
He says that $8k is the unlikely bottom, and that most likely we'll see some weak bears and a boom up and away.
LOL you literally spent time to generate those funny looking random graphs. And you're begging people to up-vote you on Reddit. Thanks bruh, you made my night.
If you had followed those 'funny looking random graphs', you'd be up 50% in Bitcoin alone during the past week.
In addition, the short position from two days ago is now up 15% and will net another 25% if $8000 is met.
Up-votes could have increased visibility of the post, thus preventing losses and gains sent to charity —don't you wish you saw this post earlier?
In my opinion someone who isn't bullish on BTC should stay out of it completely. I don't know why anyone would want to short this market. Just HODL as many BTC as you can and ignore the nonsense.
You really under estimate how bad the mood can get...
IMO you should have a buy order in at $4k and a sell in at $250k
Buy the dips, prepare for the dips, winter is coming.
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