from my friend matthew
That's oddly familiar...
Topic: Nights Watch by Afrikoin - page 145. (Read 303329 times)
from my friend matthew
no dip to buy? WTF?
Dude. I am telling you.
https://www.youtube.com/watch?v=RDrfE9I8_hs
Same thing we saw in 2013.
It was only yesterday when I visited /r/Bitcoin, and most of posts there were about transaction backlog and stuck transactions. Bitcoin price doesn't seem to care about technical issues 
no dip to buy? WTF?
Rules aren't broken, all the waves are there
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
img]http://i.imgur.com/bVKlFm4.png[/img]
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
img]http://i.imgur.com/bVKlFm4.png[/img]
Ryan, is B invalidated now? or only if week close is above 685?
Technically B could go past ATHs.
This is true, unfortunately, so it adds some ambiguity when approaching the ATH. The structure from either of the two sub-200 lows is what tells me this is the B and why I am still medium term bearish. As always, I continue to watch for signs that this is the (5) of III instead of the B.
What does the psychology of the market signify now? is it more appropriate for a B waves or a 5th?
I remember from the videos that Bob was speaking about the 5st waves as really euphoric. That you could see all kind of new option and future being added as trade engine. as an example an XBT provider engine opened trade today (http://inpublic.globenewswire.com/2016/06/14/Bitcoin+certificates+resume+trading+following+Global+Advisors+acquisition+of+XBT+Provider+HUG2020261.html;jsessionid=4Y5NIAcM62GEBIkMp1k_WUOAxLAz_WUwpSLPi1JZqPavPR2dcX6a!1549091939). what do you think of that?
Moreover, as BTC is a commodity, do you think the fifth wave should be more powerful than the third?
Well, it is possible that we are in or nearing the 5th of the c of B. so both?
The thing about B waves is that the correction is believed to be over, so bull mentality kicks back in. It's not until a top is in when reality kicks in. This is why B waves are considered suckers rally's.
Didn't think about the bold sentence, going back to work on waves now.
I am really watching your chart in case it does happen, cause Waves C would be really damaging for most of the holders in case they don't sell (holder speaking).
Keep it as a possibility, but don't lose sleep over it. If it materializes, it will take time to complete.
Rules aren't broken, all the waves are there
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
img]http://i.imgur.com/bVKlFm4.png[/img]
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
img]http://i.imgur.com/bVKlFm4.png[/img]
Ryan, is B invalidated now? or only if week close is above 685?
Technically B could go past ATHs.
This is true, unfortunately, so it adds some ambiguity when approaching the ATH. The structure from either of the two sub-200 lows is what tells me this is the B and why I am still medium term bearish. As always, I continue to watch for signs that this is the (5) of III instead of the B.
What does the psychology of the market signify now? is it more appropriate for a B waves or a 5th?
I remember from the videos that Bob was speaking about the 5st waves as really euphoric. That you could see all kind of new option and future being added as trade engine. as an example an XBT provider engine opened trade today (http://inpublic.globenewswire.com/2016/06/14/Bitcoin+certificates+resume+trading+following+Global+Advisors+acquisition+of+XBT+Provider+HUG2020261.html;jsessionid=4Y5NIAcM62GEBIkMp1k_WUOAxLAz_WUwpSLPi1JZqPavPR2dcX6a!1549091939). what do you think of that?
Moreover, as BTC is a commodity, do you think the fifth wave should be more powerful than the third?
Well, it is possible that we are in or nearing the 5th of the c of B. so both?
The thing about B waves is that the correction is believed to be over, so bull mentality kicks back in. It's not until a top is in when reality kicks in. This is why B waves are considered suckers rally's.
Didn't think about the bold sentence, going back to work on waves now.
I am really watching your chart in case it does happen, cause Waves C would be really damaging for most of the holders in case they don't sell (holder speaking).
Rules aren't broken, all the waves are there
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
img]http://i.imgur.com/bVKlFm4.png[/img]
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
img]http://i.imgur.com/bVKlFm4.png[/img]
Ryan, is B invalidated now? or only if week close is above 685?
Technically B could go past ATHs.
This is true, unfortunately, so it adds some ambiguity when approaching the ATH. The structure from either of the two sub-200 lows is what tells me this is the B and why I am still medium term bearish. As always, I continue to watch for signs that this is the (5) of III instead of the B.
What does the psychology of the market signify now? is it more appropriate for a B waves or a 5th?
I remember from the videos that Bob was speaking about the 5st waves as really euphoric. That you could see all kind of new option and future being added as trade engine. as an example an XBT provider engine opened trade today (http://inpublic.globenewswire.com/2016/06/14/Bitcoin+certificates+resume+trading+following+Global+Advisors+acquisition+of+XBT+Provider+HUG2020261.html;jsessionid=4Y5NIAcM62GEBIkMp1k_WUOAxLAz_WUwpSLPi1JZqPavPR2dcX6a!1549091939). what do you think of that?
Moreover, as BTC is a commodity, do you think the fifth wave should be more powerful than the third?
Well, it is possible that we are in or nearing the 5th of the c of B. so both?
The thing about B waves is that the correction is believed to be over, so bull mentality kicks back in. It's not until a top is in when reality kicks in. This is why B waves are considered suckers rally's.
Rules aren't broken, all the waves are there
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
img]http://i.imgur.com/bVKlFm4.png[/img]
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
img]http://i.imgur.com/bVKlFm4.png[/img]
Ryan, is B invalidated now? or only if week close is above 685?
Technically B could go past ATHs.
This is true, unfortunately, so it adds some ambiguity when approaching the ATH. The structure from either of the two sub-200 lows is what tells me this is the B and why I am still medium term bearish. As always, I continue to watch for signs that this is the (5) of III instead of the B.
What does the psychology of the market signify now? is it more appropriate for a B waves or a 5th?
I remember from the videos that Bob was speaking about the 5st waves as really euphoric. That you could see all kind of new option and future being added as trade engine. as an example an XBT provider engine opened trade today (http://inpublic.globenewswire.com/2016/06/14/Bitcoin+certificates+resume+trading+following+Global+Advisors+acquisition+of+XBT+Provider+HUG2020261.html;jsessionid=4Y5NIAcM62GEBIkMp1k_WUOAxLAz_WUwpSLPi1JZqPavPR2dcX6a!1549091939). what do you think of that?
Moreover, as BTC is a commodity, do you think the fifth wave should be more powerful than the third?
Rules aren't broken, all the waves are there
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
Ryan, is B invalidated now? or only if week close is above 685?
Technically B could go past ATHs.
This is true, unfortunately, so it adds some ambiguity when approaching the ATH. The structure from either of the two sub-200 lows is what tells me this is the B and why I am still medium term bearish. As always, I continue to watch for signs that this is the (5) of III instead of the B.
What about creating a slack (or other chat) for EW analysis in the BTC market? then we could all share our analysis easily?
Thank you, I already looked at all the video available there http://www.elliottwave.com/Video/Classic-Elliott-Wave-Educational-Series and I was really interested by elliot waves and I am really looking to go deeper into it!
Cheers again!
EW educational series videos are a great reference to keep on hand. What I have told people for a couple of years now is to count everything. When you think you got it, count it again. I've even counted world population graphs (btw, world population is in a bubble... Expect a crash
) Practice is key! Start yourself a thread to post your progress and charts. I'd be happy to critique your work as I'm sure others would too. (pro tip: make it self-moderated to keep the trolls out) It gets easier to understand and becomes second nature. Just keep at it.Check my thread for some info on the psychology and some useful tools.
Thank you for the tips!! I started trying to count everything in both BTC and ETH chart which I look a lot, and it is a complete failure
Looks like I am going to need some time to train now 
Reading your thread for some more knowledge about it! cheers
Rules aren't broken, all the waves are there
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
Ryan, is B invalidated now? or only if week close is above 685?
Technically B could go past ATHs.
Rules aren't broken, all the waves are there
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
Ryan, is B invalidated now? or only if week close is above 685?
Thank you, I already looked at all the video available there http://www.elliottwave.com/Video/Classic-Elliott-Wave-Educational-Series and I was really interested by elliot waves and I am really looking to go deeper into it!
Cheers again!
EW educational series videos are a great reference to keep on hand. What I have told people for a couple of years now is to count everything. When you think you got it, count it again. I've even counted world population graphs (btw, world population is in a bubble... Expect a crash
) Practice is key! Start yourself a thread to post your progress and charts. I'd be happy to critique your work as I'm sure others would too. (pro tip: make it self-moderated to keep the trolls out) It gets easier to understand and becomes second nature. Just keep at it.Check my thread for some info on the psychology and some useful tools.
$632!
would someone please start watching and tell us when the top is close?
what is expected top?
I'm sure Tzupy has all the answers, the astute bear that he is. Did his bear leverage give him a pleasant colonoscopy recently or is he long like a normal crypto front-runner?would someone please start watching and tell us when the top is close?
what is expected top?
Just FYI I went long on the 12h PSAR flip to bullish, that was at 590$. Will see how high this goes, maybe 680$ maybe a bit more, but then I expect a strong correction.
We're at $678... so basically now?
I was expecting this dump to be "the strong correction", or at least the first leg. But despite large red volume, price didn't fall deep.
So while I did short today at 700$, I closed most of it and have now a tiny short from 810$, waiting for a possible bounce to add to my position.
I am quite skeptical of elliot wave at the moment because China does what it wants. Any technical selling pressure from charting whales in the west will be just scoffed at.
IMO we are going to see a run up into 5k+ and when it crashes much of the pressure will be alleviated into altcoins this time rather than into USD so the violent nature of the previous returns to earth will be a lot flatter and take a lot more time.
IMO we are going to see a run up into 5k+ and when it crashes much of the pressure will be alleviated into altcoins this time rather than into USD so the violent nature of the previous returns to earth will be a lot flatter and take a lot more time.
China is a well orchestrated FUD. If you can't see this, you havent been following the fundamental news (as a trend) from as far back as a year out.
My 2 cents.
This rise seems highly coordinated and perfectly timed. Everything seems right. But in essence, not much has changed about the Bitcoin fundamentals. Sure, we've had some impressive CSVs mining votes,, but still, no soft fork and no hard fork (both necesaary in the medium term).
I wasn't talking about China's falling yuan pressure, I was talking about China buying through Huobi and OKcoin. They have been driving this rally from the start.
You won't get any arguments from me about the fundamentals not changing. But China does not listen to reason. If they did, they wouldn't have started buying in the first place.
We are going to see insanely backed up mempools and overall nastiness which will eventually bang some reason into china's head about the reality of the situation (which again will cause more buying into ETH as bitcoin falls)... but I don't think we are anywhere near that happening just yet.
Not to rain on the parade, BUT, lets be cautious and not get caught up in FOMO.
Recall
img]http://i.imgur.com/NmloDPf.png?1[/img]
I don't really get this chart but if those are 5 elliot waves rules are broken.Recall
img]http://i.imgur.com/NmloDPf.png?1[/img]
Rules aren't broken, all the waves are there
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
img]http://i.imgur.com/bVKlFm4.png[/img]
That's some nice chart but I don't know how to recreate it with the same scale ! what was the lenght of the first waves, and so around what is the estimate of the top of the 5 waves?
What I can't do with that chart is channel it. I can't see if waves (3) top respected the channel cause idk the beginning of the first waves. nonetheless, waves (4) is totally out of channel there, what do you think of that? Again, if we use channeling to forecast the end of the (5) waves, the moon is the only limit?
Maybe using btc chart since its beginning is not accurate to drow waves since some argue all markets are primilarly bearish (then counting after the top could be seen as correct?). Anyway, it is very important to collect all the views that you can and then eliminate to keep the most correct waves count.
There are rules to plotting EW wave patterns and forecasting. Rules about 'how long' and 'period of time' based on fibonacci rules.
I suggest you read Robert Prechter's book on elliott waves. Just google Robert Prechter + Elliot Waves and you will find it.
Like you, i started out here young on EW. You can look through my history and see my early noob Q's on EW.
Today, i am better. When i read EW forecasts, i see what they mean. I have fused it into my medium and long term trading strategies. I was mostly a fan of Nison and candlesticks. But, EW has added a different dimension. I now look at the market differently. And, no matter what people say (haters) EW works. Take it from me.
Cheers! and good luck!
Thank you, I already looked at all the video available there http://www.elliottwave.com/Video/Classic-Elliott-Wave-Educational-Series and I was really interested by elliot waves and I am really looking to go deeper into it!
Cheers again!
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