2018 Cryptocurrency Crash (Elliott Wave) - page 33.

mike4001

sr. member

Activity: 443

Merit: 260

Quote from: henriquelb on January 19, 2018, 03:28:50 PM

Are you dumb? The price is not going to crash, and the same goes for all those who are saying that it will.

Stop spreading false information, the last fall was just a DIP, a little retracement, it is not a crash and it can not be compared to one.

Well we moved down about 55% from the ATH.

It might not be a "crash" but for sure it was not just a dip ...

henriquelb

full member

Activity: 163

Merit: 100

Account was hacked and now reclaimed.

Are you dumb? The price is not going to crash, and the same goes for all those who are saying that it will.

Stop spreading false information, the last fall was just a DIP, a little retracement, it is not a crash and it can not be compared to one.

xxxx123abcxxxx

sr. member

Activity: 559

Merit: 281

Quote from: xxxx123abcxxxx on January 18, 2018, 06:15:26 AM

Can't predict every move, that would be black magic!

The analysis still suggests a final flush down to $8061/$7600/$7116 ($7592 average); followed by a strong bounce where the masses start to 'moon' again; and then, eventually to $2000-$4000.

The route price action takes to get there becomes tricky to predict as the wave formations become congested with nested fractals —due to increased volatility and whipsaws generated by fear between buyers and sellers. Prior to that, the analysis held well.

Nevertheless, I shall endeavor to post speculative analysis when given the time.

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?

Enjel

member

Activity: 70

Merit: 21

Quote from: fabiorem on January 18, 2018, 07:22:10 AM

Quote from: xxxx123abcxxxx on January 18, 2018, 06:15:26 AM

and then, eventually to $20000-$40000.

FTFY.

He forgot a zero there!

Although we will see.. he made a very strict prediction, although it's most likely that we will see a weak and natural downwave then... and all the noobs may panic again Tongue

fabiorem

sr. member

Activity: 1400

Merit: 347

Quote from: xxxx123abcxxxx on January 18, 2018, 06:15:26 AM

and then, eventually to $20000-$40000.

FTFY.

xxxx123abcxxxx

sr. member

Activity: 559

Merit: 281

Quote from: Enjel on January 18, 2018, 05:51:33 AM

Why does this fool stop posting every time the BTC price breaks his "TA"?

It makes no sense to "predict" a crash when the price has already dropped..

Can't predict every move, that would be black magic!

The analysis still suggests a final flush down to $8061/$7600/$7116 ($7592 average); followed by a strong bounce where the masses start to 'moon' again; and then, eventually to $2000-$4000.

The route price action takes to get there becomes tricky to predict as the wave formations become congested with nested fractals —due to increased volatility and whipsaws generated by fear between buyers and sellers. Prior to that, the analysis held well.

Nevertheless, I shall endeavor to post speculative analysis when given the time.

At the moment, a bounce to towards $12295/$13242 ($12768 average) appears plausible before the aforementioned flush down.

Enjel

member

Activity: 70

Merit: 21

Why does this fool stop posting every time the BTC price breaks his "TA"?

It makes no sense to "predict" a crash when the price has already dropped..

rizkyhiw

legendary

Activity: 1484

Merit: 1004

Quote from: xxxx123abcxxxx on January 08, 2018, 05:38:42 PM

Cryptocurrency bubble appears to be over, and a spectacular crash and bear market seems imminent.
Bitcoin may bounce towards approx $15500 on Bitfinex, followed by a crash towards $7000-$8000, and then eventually to $2000-$4000.
Majority of other cryptocurrencies may cease to exist.

https://redd.it/7ptsg3

No one will foresee the future of bitcoin, or anything like that. We've had worse things in the past few years.
At that time people start spreading FUD, manipulating many people.
I know what they mean, once they manage to manipulate bitcoin prices then they will buy as much as possible to profit by all means.

marcbitcoins

full member

Activity: 854

Merit: 108

Quote from: xxxx123abcxxxx on January 08, 2018, 05:38:42 PM

Cryptocurrency bubble appears to be over, and a spectacular crash and bear market seems imminent.
Bitcoin may bounce towards approx $15500 on Bitfinex, followed by a crash towards $7000-$8000, and then eventually to $2000-$4000.
Majority of other cryptocurrencies may cease to exist.

https://redd.it/7ptsg3

I see only very small possibility of this FUD because i always think that the crash was due to South Korea is leaving the crypto world in this crash was the result of it and i do not see any relation to Wave predictions. If i did not afraid og China before that was much powerful and richer economy how much more of this smaller South Korea. This crash will end very soon and holding our coins will prevail in the end.

drays

legendary

Activity: 2576

Merit: 1073

Quote from: xxxx123abcxxxx on January 08, 2018, 05:38:42 PM

Majority of other cryptocurrencies may cease to exist.

I cannot comment on your predictions on Bitcoin price, as I don't consider myself to be a prophet (unlike you, it seems)

However the statement I quoted above is so naive... It just shows you are complete novice in cryptocurrency world.

Those "other cryptocurrencies" existed when Bitcoin was worth 20 times less, and they were worth almost nothing. Coins exist because there is a community around them, but not only as a tool for trading. Few of them survived periods when they didn't have an exchange to trade, some are almost forgotten, but still exist while there is at least a small community (especially this refers to PoW coins). You are just a trader, and you think like trader, without seeing other aspects of projects. Despite trading, there are lots of reasons to support a coin or develop it. There is a serious technology behind some of coins, and there is fun behind ohers. There is just a dedication and sympathy behind the rest. That alone will keep most of them running, despite of the price of Bitcoin.

These things are created by engineers, for people who love technology and love playing with it. What this even has do do with such things as 'price' is..?

debuni

legendary

Activity: 1162

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Quote from: xxxx123abcxxxx on January 08, 2018, 05:38:42 PM

Cryptocurrency bubble appears to be over, and a spectacular crash and bear market seems imminent.
Bitcoin may bounce towards approx $15500 on Bitfinex, followed by a crash towards $7000-$8000, and then eventually to $2000-$4000.
Majority of other cryptocurrencies may cease to exist.

https://redd.it/7ptsg3

Currently there are literally a hundred of projects with better protocol and features than Bitcoin.
They will never stop to exist.

Your FUD is unnecessarily.

MCVXYZ

member

Activity: 630

Merit: 24

Quote from: Qoheleth on January 09, 2018, 06:47:13 PM

Quote from: Slow death on January 09, 2018, 08:51:52 AM

when the price was $2000 [...] even the marketcap was very low

You do realize that the market cap is just the price times the number of coins in existence, right? Of course the market cap will be lower when the price was lower.

Quote from: Alns on January 09, 2018, 04:11:59 PM

Wow, are there still people who believe in that bitcoin will crash at some point?

I mean, it's happened before.

After the 2011 bubble (peak ~$30/BTC), we spent quite a few months in the single digits.
After the 2013 bubble (peak ~$1000/BTC), we spent over a year in the $250 neighborhood.
I would call those "crashes".

So why is a crash now unbelievable? Even a crash to $5000/BTC or so?
Doesn't mean that "Bitcoin is finished" or whatever. Just that the price is lower (comparatively) for a while.

Quote from: Alns on January 09, 2018, 04:11:59 PM

if bitcoin crashes, another altcoin will replace it.

This much is probably true, even if only temporarily. The Ethereum price, f'rex, is growing pretty rapidly right now, even with other coins taking a bath. Bitcoin isn't the only game in town anymore, so even people getting out of one cryptocurrency can just move to another.

Thats true Bitcoin is not finished and that price is lower,But I believe and there are all precondition that price will be stable very soon.So peope said that This is hopeless situation and price will never be as much as it was,But why Miners in China cann't change the location? This will be good solution and I think it is theoretically possible.They can choose Countries wich have liberal approach about similar issues.for example Iceland,Germany,Georgia and others.So,Even in this difficult situation there are solutions and people must stop panic selling.

xxxx123abcxxxx

sr. member

Activity: 559

Merit: 281

Attached is a tentative look into the internal wave identification of the first Primary wave of the crash.

Should the tricky speculation be correct, it may suggest a final flush down to $8061/$7600/$7116 ($7592 average) during the early Asia session.

Guesswork of course!

Enjel

member

Activity: 70

Merit: 21

We're going to see sub-9000, due to at least one wave of panic-sells over the next few days, and possibly lower (following the traditional new year charts)

After that, we're recovering to 10k+ and we're never going to see sub 5-digits ever again.

potpockets

member

Activity: 255

Merit: 10

I do not think that bitcoin can fall so much, but this will be a very important week for bitcoin and will depend on the next news. More I do not see price difficulties reach 8k.

xxxx123abcxxxx

sr. member

Activity: 559

Merit: 281

Interestingly, the wider markets are remaining unaffected.

Initially thought there would be a flight to safety in gold, or erroneously the US dollar by misconception; however, both remain steady and even crypto stocks like NVDA are unaffected.

This is a provoking insight illustrating the small isolated footprint of the cryptocurrency market.

Just a 1000 people own 40% of Bitcoin, with them now gone, are the small millennial accounts going to support prices?

This doesn't bode well for Bitcoin, dare I say even my range of $2000-$4000 may be lofty.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Fuck elliot waves, most people are looking at bitcoin wisdom using trend lines, so I say wait for the lowest possible rebound at around $6200 and get in back there, if you want to be more conservative, around $8700 (but if this support is broken, then apply $6200 ish entry point, and if that is broken... well then my friends, we are fucked, but the good news is, we will get to amass more BTC for the next ATH).

Enjel

member

Activity: 70

Merit: 21

Just wait for the Asians to buy this stuff back up when they're done with their taxes.

They must be laughing at the rest of the world, getting destroyed by Wall Street too.

sjefdeklerk

jr. member

Activity: 154

Merit: 8

SODL

Quote from: xxxx123abcxxxx on January 17, 2018, 09:28:57 AM

With the US waking up (09:30 New York time), expect price action of the crash to commence terminal velocity; i.e. freefall.
Exchanges may possibly experience price delays and outages.

$9533, it's beginning!

xxxx123abcxxxx

sr. member

Activity: 559

Merit: 281

With the US waking up (09:30 New York time), expect price action of the crash to commence terminal velocity; i.e. freefall.
Exchanges may possibly experience price delays and outages.

Topic: 2018 Cryptocurrency Crash (Elliott Wave) - page 33. (Read 26015 times)