2019 Cryptocurrency (Elliott Wave) - page 4.

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

Quote from: xxxx123abcxxxx on February 10, 2020, 02:04:13 AM

Two potential scenarios to consider at this juncture...

—Leading Diagonal (1^st chart)
A completed Leading Diagonal rising from the 18-DEC-2019 low to 10-FEB-2020 high...
   Confirmed if price declines below the 04-FEB-2020 low.
   Eliminated if price advances beyond the 26-OCT-2019 high.

—Impulse (2^nd chart)
An ongoing Impulse rising from the 18-DEC-2019 low...
   Confirmed if price advances beyond the 26-OCT-2019 high.
   Eliminated if price declines below the 04-FEB-2019 low.

https://i.imgur.com/R32NwEZ.png

https://i.imgur.com/NPDIDZ3.png

Leading Diagonal scenario eliminated.

—GBTC (1^stchart): two Impulsive scenarios, Standard vs Extended.
—BTC (2^ndchart): one Impulsive scenario, Standard.

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

Quote from: Typex on February 10, 2020, 04:04:14 PM

Did you mean:
Confirmed if price advances beyond the 26-OCT-2019 high.
Eliminated if price declines below the 04-FEB-2020 high.

Error has been corrected, thank you.

Typex

jr. member

Activity: 61

Merit: 1

Quote from: xxxx123abcxxxx on February 10, 2020, 02:04:13 AM

—Impulse (2^nd chart)
An ongoing Impulse rising from the 18-DEC-2019 low...
Confirmed if price advances beyond the 26-OCT-2019 low.
Eliminated if price declines below the 04-FEB-2019 high.

Did you mean:
Confirmed if price advances beyond the 26-OCT-2019 high.
Eliminated if price declines below the 04-FEB-2020 high.

MarquiseMuseum

member

Activity: 741

Merit: 29

www.MarquiseMuseum.com

Its gonna go vertical bro, read my recent thread for fundamental reason.

Prime XBT, give me back my longs.

Disfatti di Varo, Battle of the forest.

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

Two potential scenarios to consider at this juncture...

—Leading Diagonal (1^st chart)
A completed Leading Diagonal rising from the 18-DEC-2019 low to 10-FEB-2020 high...
   Confirmed if price declines below the 04-FEB-2020 low.
   Eliminated if price advances beyond the 26-OCT-2019 high.

—Impulse (2^nd chart)
An ongoing Impulse rising from the 18-DEC-2019 low...
   Confirmed if price advances beyond the 26-OCT-2019 high.
   Eliminated if price declines below the 04-FEB-2019 low.

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

Quote from: exstasie on February 09, 2020, 02:35:15 AM

An incredibly bullish nested count!

I agree, it's a good possibility now that the proportions no longer suggest an irregular/expanding correction.

Any targets for Minor Wave 3, and/or [iii] of 3?

Typically, the usual minimum expected length of a wave-3, at any degree, is a Fibonacci 1.618 times the length of wave-1. So, using BITSTAMP pricing...

Code:

@23831: INTERMEDIATE (3) = INTERMEDIATE (1) * 1.618
@12683: MINOR 3 = MINOR 1 * 1.618
@11271: MINUTE [iii] = MINUTE [i] * 1.618

The following speculation may illustrate the minimum expected length of INTERMEDIATE(3), using the parabolic nature of INTERMEDIATE(1) as a projection...

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

A potential Leading Diagonal can be eliminated if price exceeds the 26-OCT-2019 high...

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

Quote from: Desscount on February 08, 2020, 06:28:28 AM

it looks like a correction will occur, thanks to the speculation you gave, may I ask about the condition of altcoin? Will the altseason come, sir? thanks

The rising tide of Bitcoin carries all Altcoins. However, the majority of Altcoins have larger sailing distances to reach the shore of all-time highs...

—BTC is 'only' required to gain 100% from here to reach its all-time high.
—LTC is required to gain 370% from here to reach its all-time high.
—ETH is required to gain 520% from here to reach its all-time high.

Technically, BTC is only required to reach, and/or marginally exceed, its all-time high to qualify five rising PRIMARY degree Elliott Waves since inception. At which point, the BTC bull market may complete, with the Altcoins lagging behind.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: xxxx123abcxxxx on February 08, 2020, 10:25:43 PM

BTC price has now exceeded the maximum allowable extent of an irregular B-wave as stated aforementioned.
A decline below the low of 04-FEB-2020 is required in order to revert and reconsider the aforementioned irregular B-wave scenario.
Subsequently at this stage, the following initial assumptive outlook may be considered...

An incredibly bullish nested count!

I agree, it's a good possibility now that the proportions no longer suggest an irregular/expanding correction.

Any targets for Minor Wave 3, and/or [iii] of 3?

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

Quote from: xxxx123abcxxxx on February 07, 2020, 11:52:20 PM

From the 18-DEC-2019 low to the 06-FEB-2020 high, the Bitcoin markets have gained around 50% in 50 days.

—GBTC (1^st chart): has risen in five completed impulsive waves, thus completing a potential waveset.

—BTC (2^nd chart): has risen in nine waves. The first five completed as impulsive; whilst the remainder of the four wave rise currently appears corrective, and may be thus far, considered as an irregular B-wave rise. The usual allowable extent of an irregular B-wave rise is a Fibbonacci 1.618 times the length of the A-wave. At around $9800, BTC has reached the maximum extent of an irregular B-wave rise.

Barring a wave subdivision and extension, there is now a possibility of a pullback at this juncture; using COINBASE pricing:

Code:

@8157: 50.0% Fibbonacci retracement from 18-DEC-2019 to 06-FEB-2020 [MIN EXPECTED]
@7750: 61.8% Fibbonacci retracement from 18-DEC-2019 to 06-FEB-2020 [AVG EXPECTED]
@7170: 78.6% Fibbonacci retracement from 18-DEC-2019 to 06-FEB-2020 [MAX EXPECTED]
@6824: 88.6% Fibbonacci retracement from 18-DEC-2019 to 06-FEB-2020 [WARNING]

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

https://i.imgur.com/UyB5Cxs.png

Analysis and projections are speculative.

BTC price has now exceeded the maximum allowable extent of an irregular B-wave as stated aforementioned.
A decline below the low of 04-FEB-2020 is required in order to revert and reconsider the aforementioned irregular B-wave scenario.
Subsequently at this stage, the following initial assumptive outlook may be considered...

Desscount

full member

Activity: 1386

Merit: 101

ComboLabs

it looks like a correction will occur, thanks to the speculation you gave, may I ask about the condition of altcoin? Will the altseason come, sir? thanks

exstasie

legendary

Activity: 1806

Merit: 1521

Thanks for the update. I'm also counting this as an irregular Wave 2 correction, although there are some differences in our counts:
https://bitcointalksearch.org/topic/m.53786018

Either way, all signs point to a bullish 2020.

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

From the 18-DEC-2019 low to the 06-FEB-2020 high, the Bitcoin markets have gained around 50% in 50 days.

—GBTC (1^st chart): has risen in five completed impulsive waves, thus completing a potential waveset.

—BTC (2^nd chart): has risen in nine waves. The first five completed as impulsive; whilst the remainder of the four wave rise currently appears corrective, and may be thus far, considered as an irregular B-wave rise. The usual allowable extent of an irregular B-wave rise is a Fibbonacci 1.618 times the length of the A-wave. At around $9800, BTC has reached the maximum extent of an irregular B-wave rise.

Barring a wave subdivision and extension, there is now a possibility of a pullback at this juncture; using COINBASE pricing:

Code:

@8157: 50.0% Fibbonacci retracement from 18-DEC-2019 to 06-FEB-2020 [MIN EXPECTED]
@7750: 61.8% Fibbonacci retracement from 18-DEC-2019 to 06-FEB-2020 [AVG EXPECTED]
@7170: 78.6% Fibbonacci retracement from 18-DEC-2019 to 06-FEB-2020 [MAX EXPECTED]
@6824: 88.6% Fibbonacci retracement from 18-DEC-2019 to 06-FEB-2020 [WARNING]

Analysis and projections are speculative.

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

BTC (first chart) is required to exceed $9800 to eliminate a potential irregular b-wave scenario; at which point, the count on GBTC (second chart) begins to be favored...

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Mallyx on January 27, 2020, 05:41:12 AM

Your analysis is extremely bearish for altcoins, it's the first analysis of that kind I ever saw.

That will likely change once BTC enters an obvious new bull market. After all, altcoins are all heavily correlated to BTC. I believe that's sort of what the OP is implying here:

Quote from: xxxx123abcxxxx on January 09, 2020, 09:41:58 PM

The majority of Altcoins favour an extended bear market unless an intervention can be coordinated.

fabiorem

sr. member

Activity: 1400

Merit: 347

I believe there is some solid support in the 8k area right now. If we dont go to 5k by April, we will probably be above 10k, maybe even 12k, which could signal a new ATH until the end of this year.

Mallyx

hero member

Activity: 1138

Merit: 574

Your analysis is extremely bearish for altcoins, it's the first analysis of that kind I ever saw.
But why not ?

xxxx123abcxxxx

sr. member

Activity: 571

Merit: 284

Quote from: sedactoo+04 on January 23, 2020, 04:52:34 AM

Happy new year dear Steve and looking forward to the new 2020 Cryptocurrency (Elliott Wave) topic.
The market seems to turn a little bit more bearish than bullish however the market sentiment is neutral and most of the people are really cautious, even the moon boys have some question marks on their heads about the bull run - which means it is more likely now -

Thank you, best wishes for a prosperous New Year to you too.

At present, current commitments suspend creation of a new thread and further analysis; perhaps may find the time in Spring.

Appears to be a complete five set of rising impulsive waves from the 18-DEC-2019 low to 19-JAN-2020 high —a solid 1 month uptrend gaining 43%.

Barring any wave subdivisions and extensions, a pullback now appears underway, and ought to find support at the following Fibonacci-based zones, using BITSTAMP prices:

Code:

@7806: 50.0% Fibonacci retracement from 18-DEC-2019 low to 19-JAN-2020 high [MIN]
@7480: 61.8% Fibonacci retracement from 18-DEC-2019 low to 19-JAN-2020 high [AVG]
@7016: 78.6% Fibonacci retracement from 18-DEC-2019 low to 19-JAN-2020 high [MAX]

—The degree of waves from the 18-DEC-2019 low to 19-JAN-2020 high, may be subject to revision.

—A decline below 7000 begins to put the bull market at risk.

sedactoo+04

full member

Activity: 161

Merit: 175

Hello World!

Happy new year dear Steve and looking forward to the new 2020 Cryptocurrency (Elliott Wave) topic.
The market seems to turn a little bit more bearish than bullish however the market sentiment is neutral and most of the people are really cautious, even the moon boys have some question marks on their heads about the bull run - which means it is more likely now -

oarmas

newbie

Activity: 12

Merit: 9

I agree with exstasie, although the degree of this wave may be overstated (I2 s/b Major2, if major is next degree lower). Both BTC and GBTC appear to have reached secular lows, we'll see how this plays out over the next few days.

Topic: 2019 Cryptocurrency (Elliott Wave) - page 4. (Read 7652 times)