Topic: Analysis - page 23. (Read 941579 times)

Ehm... I suppose you are joking..

If we take into account all these statements, which analysts talked about, then we have long overcome the price level for Bitcoin at $ 7,000, and the amount at $ 200, after which the cryptocurrency market should change only in a positive direction.  I need to speak negatively, And let's wait for the results of the tour, which was discussed at the beginning of 2019.

Why did you give him the incomplete translation?

extasie, the master also said to buy the dip if the $8,000 level doesn't hold. Hahaha.

Sure

It could be translated like this:


I believe he thinks the upward movement is over for now, and so we won't reach $10K (his previous prediction level) without having some correction first.

Can anyone translate? Two Google translates later, I still can't figure out what he means:


This is a tough spot we're in. Technically, bulls failed and retreated into the previous range = bearish. I thought maybe his wave down to $6K was happening. On the other hand, I'm cautious to get too bearish, lest we end up doing a move like late April where the dump turned into sideways and we resumed the uptrend.

Пoxoжe-тaки дaльшe нe пoйдeм пoкa... $8000 нe дepжитcя.

telegram and tradingview
https://t.me/bitcoin_wanga/48
https://www.tradingview.com/u/PentarhUdi/

I wouldn't trade based off lower degree counts. It's better to keep an active count (and also have some alternatives in mind) so you see the bigger picture and recognize when certain things are happening.....turning points (tops/bottoms), the beginning of impulsive primary waves, etc. That tells you which direction to trade in, which is vital.

Where does masterluc post these days? "Wanga?" Does anyone have a link?

I tried trading and learnt Elliot waves in the past but it's extremely difficult to trade it in real time. It does a great job when you are applying it in hindsight but doesn't really help if you are trying to trade and make real money.

I agree that $10K or close to $10K is on the books since it looks like we had a massive inverse head and shoulder and the neckline at $8400 will most likely break. And after that looking at weekly chart there is no resistance until $9800 area which was the bull trap of May 2018. I remember everybody assumed that it was the last time when BTC was going to be below $10K and the complete opposite happened instead, never hit $10K and stayed below it since last March 2018.

This is one of those times where I always wonder......how deeply do I respect Elliott Wave?

Wave 4s (and triangles) are penultimate moves. If you believe this is a Wave 4 triangle, then surely you should sell the triangle thrust. $10K or maybe higher, but wherever it tops, a deep correction should follow.

If we believe in EW, that is.

@Wanga, 22 May
translate:

I'm leaning more towards the Green Trek as well.

Something like your green line is my favorite scenario as well.

trying to decipher his words is always tricky, but i think i understand what he means.

a wave 4 triangle, followed by a final leg up to the $10k target. it seems very plausible to me. in EW terms we should be in wave C by my count.

something like this:

This may seem like a "busy" chart to you:  LTCUSD (top); BTCUSD (middle); LTCBTC (bottom):  I have not done the math of BTCUSD and LTCUSD price projections to see what that would equate to for LTCBTC.  But this is my estimate...

Reversal to upward pressure COULD begin as soon as May 27th but may not see reversal until a couple of days into June.



Bitcoin/USD - Bitstamp:

I am curious where do you see ltc/btc ratio longterm?

"Downward Pressure Continues Till May 25 or May 27 Before Pump."

https://www.tradingview.com/chart/BTCUSD/oXXqX6fs-Downward-Pressure-Continues-Till-May-25-or-May-27-Before-Pump/

If you are wondering what ETHUSD and LTCUSD looks like when comparing to BTCUSD, that's shown in this video publication: https://www.tradingview.com/chart/LTCUSD/fIYUe5q3-IMPORTANT-Video-for-Those-Doubtful-of-Bull-Run-Approaching/

If you remember correctly, it was during the LiteCoin block halving event of 2015 when "masterluc" called it quits (for the most part) on this forum.  Here we are again approaching a LiteCoin block halving event, but for 2019.  I'm anticipating similar pump.  Hopefully, he will come back for this block halving event.   Here's an article from February on the upcoming block halving:  https://blockmanity.com/news/litecoin-ltc-second-halving-what-is-it-and-who-does-it-concern/

"Hy чтo, тpeyгoльник в чeтвepкe и нa 10к$?"

Google translation: "What is the triangle in the four and $ 10k?"

I currently see us continuing sideways within a relatively tight trading range until the May 25th to May 29th date range IF THE PRICE ACTION IS TO FOLLOW UP WITH A DOWNWARD PUSH.  However, we still have a chance for continued upward pressure until then.  So, if the price action does rise significantly between now and the May 25 to 29 date range, that date range could be "extended" as a result of a significant upward move affecting the movement of the indicator lines in multiple time frames.

Video Publication titled, "Part 2: Sideways @ Worst to May 25, 2019; Could Continue Higher"  https://www.tradingview.com/chart/BTCUSD/CYAtPkfI-Part-2-Sideways-Worst-to-May-25-2019-Could-Continue-Higher/

I still see upward pressure continuing for the long term to at least the last week of June or first week of July at a minimum.
Video Publication titled, "Bitcoin Brain Storm Part 1; High Time Frames (2-Week to 3-Day)."  https://www.tradingview.com/chart/BTCUSD/CQOgL8QW-Bitcoin-Brain-Storm-Part-1-High-Time-Frames-2-Week-to-3-Day/

The Litecoin Block Halving is playing a major role in the length of time of this current bull run.  The fact we have 75% less bitcoin on exchanges than we did back in 2017 is an additional reason for this current bull run continuing to late June or mid July.  Less Bitcoin on the exchanges will decrease the affect "supply" will have in its conflict with demand.  We have a LOT of people who did not accumulate coins at lower levels. 

Some are still waiting for a significant dip to accumulate coins and will likely end up surrendering to FOMO as the price continues stair stepping higher.  As the price continues higher it makes the position of those who buy at higher prices "weaker."  They feel less secure in their position at the higher price they paid to accumulate.  Hence, the term "Weak Hands."  We don't have enough "Weak Hands" in the market yet for a significant dump in my opinion.  However, the number of "Weak Hands" will increase over time.

In my opinion, this sudden and rough decrease is going to happen if bitcoin price is going to rise instantly.
If the upward trend is abrupt then the downward trend is going to follow the same direction.