2018 Cryptocurrency Crash (Elliott Wave) - page 32.

xxxx123abcxxxx

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Quote from: xxxx123abcxxxx on January 16, 2018, 08:04:49 PM

Anatomy of the crash: The wave structure of the core part of the bitcoin crash is exhibiting 'beautiful' Fibonacci relationships. It appears the structure of each declining a-b-c wave formation is creating golden ratio relationships where the length of the c-wave is 0.618 times the length of the a-wave. This produces short-lived, short-length, but sudden intense final c-wave capitulation points (illustration attached) —wonderful phinance! The crash is now half-way through, with core "fear" stage yet to unfold.

https://i.imgur.com/KFVImjz.png

As previously observed, the structure of declining a-b-c wave formations at lower degrees (i.e. Minute and Minor degrees) have been creating golden ratio relationships; where the length of the c-wave being 0.618 times the length of the a-wave; i.e.

Should this relationship between waves continue to unfold at a higher degree, then the larger Major degree a-b-c structure (black labels) forming since 08-JAN-2018 may complete at $8060.1; i.e.

Also, observed:
—At $8061, wave-c equals wave-a in length of the larger a-b-c Cycle degree (cyan labels) structure.
—At $7599, represents a 61.8% decline of the entire Bitcoin market.

The average of these three price points (i.e. $8060.1/$8061/$7599) is $7907 —the target of the short position opened at $12485.

xxxx123abcxxxx

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Quote from: MrBigHang on January 21, 2018, 12:54:31 AM

Quote from: xxxx123abcxxxx on January 20, 2018, 11:54:31 PM

Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).

So are you buying back in when it hit's 7k?

Hodling and adding to short positions since Jan 8th for the long-term.
Current trade is a separate short-term swing trade to close near $8000.
May occasionally play the bounces as short-term swing trades —quite risky as dead-cat bounces in bear markets are tricky.

MrBigHang

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Quote from: xxxx123abcxxxx on January 20, 2018, 11:54:31 PM

Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).

So are you buying back in when it hit's 7k?

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

Quote from: xxxx123abcxxxx on January 20, 2018, 11:54:31 PM

Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).

Speculative and idealised Elliott Wave models indicative of probable price and structure, not timing; are attached of popular crypto pairs:

BTC: https://i.imgur.com/kmKLFZl.png
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

xxxx123abcxxxx

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Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).

Bloomie

newbie

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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.

Enjel

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Quote from: xxxx123abcxxxx on January 20, 2018, 03:27:40 PM

Quote from: xxxx123abcxxxx on January 20, 2018, 01:38:44 AM

Bounce over?

Barring any subdividing of waves; i.e. nested fractals; there appears to be enough waves to suggest the bounce may be complete.
Should the bounce be complete at $12746, it would have come within a mere $22 of the average $12768 projection.

Ordered a short position at $12244 and another at $11534 with stop-losses on both at $12746 (BTC/USD Bitfinex).

Goodnight.

Bounce continuing higher with the low and average upside potential met and exceeded; i.e. $12295/$13242 ($12768 average) on BTC/USD (Bitfinex).
Short positions set overnight were not activated, and subsequently have been cancelled.
Awaiting further development of waves to determine when to initiate new parameters of a new short position.

Why must you be so bearishly stupid?

What is all this talk about a "short" position when you could have made almost 50% profit in 2 days by buying a shit ton at $9k ?

xxxx123abcxxxx

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Activity: 571

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Quote from: xxxx123abcxxxx on January 20, 2018, 01:38:44 AM

Bounce over?

Barring any subdividing of waves; i.e. nested fractals; there appears to be enough waves to suggest the bounce may be complete.
Should the bounce be complete at $12746, it would have come within a mere $22 of the average $12768 projection.

Ordered a short position at $12244 and another at $11534 with stop-losses on both at $12746 (BTC/USD Bitfinex).

Goodnight.

Bounce continuing higher with the low and average upside potential met and exceeded; i.e. $12295/$13242 ($12768 average) on BTC/USD (Bitfinex).
Short positions set overnight were not activated, and subsequently have been cancelled.
Awaiting further development of waves to determine when to initiate new parameters of a new short position.

Idrisu

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I am going to follow this thread with interest as I m a trader and I have used Eliott wave several times and it proof to be accurate to some extent. I think bitcoin might not get low to the level of $4,000 in 2018 because outside Elliot wave speculation we still have fundamental issue that are in favour of bitcoin and other cryptocurrencies. If we actually look at the way things are going I seriously believe that bitcoin will perform very well in 2018 than 2017!

Enjel

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Quote from: LFC_Bitcoin on January 20, 2018, 10:27:59 AM

Quote from: Bloomie on January 20, 2018, 02:23:43 AM

Pretty sure the crash is over. Next stop ATH.

Let’s hope so, fairly long way to achieve that though, we are still in the $12xx’s.
I think it might take a few months to see a new ATH now.

13xxx's now. Now we are back where we were before all these FUDsters started crying crash.

Soon 14xxx's. The master himself has hinted at a climb to 20xxx's soon.

LFC_Bitcoin

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Quote from: Bloomie on January 20, 2018, 02:23:43 AM

Pretty sure the crash is over. Next stop ATH.

Let’s hope so, fairly long way to achieve that though, we are still in the $12xx’s.
I think it might take a few months to see a new ATH now.

Bloomie

newbie

Activity: 84

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Pretty sure the crash is over. Next stop ATH.

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

Bounce over?

Barring any subdividing of waves; i.e. nested fractals; there appears to be enough waves to suggest the bounce may be complete.
Should the bounce be complete at $12746, it would have come within a mere $22 of the average $12768 projection.

Ordered a short position at $12244 and another at $11534 with stop-losses on both at $12746 (BTC/USD Bitfinex).

Goodnight.

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

Quote from: xxxx123abcxxxx on January 19, 2018, 01:38:37 PM

At the moment, a bounce to towards $12295/$13242 ($12768 average) appears plausible before the aforementioned flush down.
In the event of the bounce failing to meet the aforementioned targets, a short position is ordered at $10912 with a hedge (i.e. not a stop-loss) at $11650 on BTC/USD (Bitfinex).
Possibly next wave down may be commencing?

Bounce has arrived within the first target zone area; i.e. $12295/$13242 ($12768 average).
The short position limit order at $10912 was not activated, and hence has been cancelled.
Once sufficient enough waves have formed to suggest an end to the bounce, shall endeavor to post an update if not asleep.

Enjel

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Quote from: xxxx123abcxxxx on January 19, 2018, 05:10:07 PM

Speculative and idealised Elliott Wave model indicative of probable price and structure, not timing; is attached.

Expecting a sideways choppy movement over the weekend whilst bulls & bears alike take stock of what has been a volatile week.
And then, expecting a flush down to approx $7338/$7600/$8061 ($7666 on average) commencing next week.

Not to be taken literally, guesswork for entertainment purposes only!

That's good. At least you admit you're just doing this for fun, and not to be taken seriously.

Enjel

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2 people who have been trading Bitcoin since 2011, and have correctly called many many critical predictions (bottom at $9k recently, 2013 crash, 2-year bear market) have both said with near *certainty* that we will NEVER SEE SUB 5-DIGITS AGAIN AFTER JANUARY.

In fact, Masterluc (Bitcoin Wanga) and Enky Nakamura both predicted (correctly) the 9k bottom, and both have said that now it's time for Bitcoin to go to the moon, based on their technicals.

Would you rather trust some random anon person trying to spread FUD based off of made-up numbers and pseudo-science, or people who have been making the best predictions since Bitcoin existed?

CHILO20

newbie

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Hello guys, let's hold our ground and avoid all the scare tactics.
All of this is positive, it's healthy for Bitcoin and it's a process of returning back to normal and going to the moon again.

And the reason could be the normal market players, or we could be conspirators saying that the fiats/banks trying to out buy/sell the crypto market by using a very calculated/technical approach. For example let's say the Sell half and buy half more bitcoin.
We are not sure, but we must hold our ground and remain positive.

xxxx123abcxxxx

sr. member

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Quote from: fulmucos on January 19, 2018, 05:59:12 PM

Continue posting what you are seeing as the evolution of the market, it's great analysis no matter what people are saying.

Do you have any recommendations on materials to learn advanced theory about elliott waves?

Available for 60 days (Mar 23 2018)...

1. Elliott Wave Principle: Key to Market Behavior
   Robert R. Prechter, A.J. Frost
   https://files.fm/u/pnmaksvv (77MB)

2. Visual Guide to Elliott Wave Trading (Bloomberg Financial)
   Wayne Gorman, Jeffrey Kennedy
   https://files.fm/u/mcg8me4m (33MB)

fulmucos

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Continue posting what you are seeing as the evolution of the market, it's great analysis no matter what people are saying.

Do you have any recommendations on materials to learn advanced theory about elliott waves?

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

Speculative and idealised Elliott Wave model indicative of probable price and structure, not timing; is attached.

Expecting a sideways choppy movement over the weekend whilst bulls & bears alike take stock of what has been a volatile week.
And then, expecting a flush down to approx $7338/$7600/$8061 ($7666 on average) commencing next week.

Not to be taken literally, guesswork for entertainment purposes only!

Topic: 2018 Cryptocurrency Crash (Elliott Wave) - page 32. (Read 26030 times)