Topic: Nights Watch by Afrikoin - page 184. (Read 303310 times)
Wave C is behind us. At least according to the master:
[img]https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1441229451360.png&t=557&c=nfx1dquf48bJQw
https://bitcointalksearch.org/topic/m.12312220
[img]https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1441229451360.png&t=557&c=nfx1dquf48bJQw
https://bitcointalksearch.org/topic/m.12312220
Maybe not.
There are people here (bitcointalk) who disagree.
Healthy disagreement
Yes, healthy disagreement, but the master's track record is impressive.
Wave C is behind us. At least according to the master:
We're discussing your wave count in a German Elliott forum. Two users there are still looking for an impulse pattern since c. They believe c will terminate beneath 100.
http://www.dasgelbeforum.net/forum_entry.php?id=368017
Wave C is behind us. At least according to the master:
We're discussing your wave count in a German Elliott forum. Two users there are still looking for an impulse pattern since c. They believe c will terminate beneath 100.
http://www.dasgelbeforum.net/forum_entry.php?id=368017
Wave C is behind us. At least according to the master:
[img]https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1441229451360.png&t=557&c=nfx1dquf48bJQw
https://bitcointalksearch.org/topic/m.12312220
[img]https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1441229451360.png&t=557&c=nfx1dquf48bJQw
https://bitcointalksearch.org/topic/m.12312220
Maybe not.
There are people here (bitcointalk) who disagree.
Healthy disagreement
Wave C is behind us. At least according to the master:
https://bitcointalksearch.org/topic/m.12312220
https://bitcointalksearch.org/topic/m.12312220
"""Took a 'lil bit o' profit at 292 bfx from 272. I feel the market wants 300 though. The only place we don't look overbought to me is on the weekly and still some room on the 3d. I'd like to see a pop past 316 (2000 CNY) and consolidation above 300 (especially above 2000 CNY) to confirm we have a new trend, and then I'd like to see some slower growth into the halvening speculative pump. We just got out of a 2 year bear market from a 5 year bull market, and I'd love to see another long season of bull!"""
That's a big IF.
If we break the 300-316 mark there will be a large rally because I am sure many are short around $300 or so.
However the halving is many months away, from $300 we can still go down to the $200 and back up within 9 months.
My thoughts presently.
All we have to do is at least be at bottom by halving.
SO that could mean going up now, then down and possibly retesting $200/ $160 (at/just in time for halving).
Recall October last year market tanked from $475 to $152 in January Feb. That is 4 months.
July/August halving minus 4 months = around April/May.
So we have until April to have a top and still bottom in time for halving.
its the B i posted on chart above
*thinking out loud*
I'm looking at the mid long term and seems we're looking to find a B.
Ryndiclem had posted this a while back
Ryndiclem had posted this a while back
While I believe this count is very much possible, that particular chart isn't the best depiction of it. There are two different scenarios of how this count can unfold.
1) Since we have already broken the high off the 152 low, we could top very soon (or already have) rather than going up to the target shown. Then we would have a C that would complete around spring 2016, or 2-3 months before halving.
2) We fulfill a B wave to the target area and due to failure to make new ath's, the market panics and capitulates in a explosive and spectacular fashion making for a very fast and brutal C. The time of the over-all correction is more important than the time of C compared to A.
This is a chart with time fibo and some embedded notes
And another showing the time for wave-(4)
The idea of the 1163 top being wave-(3) fits volume and duration profiles much better than a complete super cycle too. Wave-(5), although often longer than 3 in Bitcoin and other commodities, should have less volume. This was not the case in the move from 100-1200.
If the above chart wins out over the more bearish scenarios, then the true wave-II will be so long, some of us old timers may die before seeing the bottom. Yep,I know what I said.
1) Since we have already broken the high off the 152 low, we could top very soon (or already have) rather than going up to the target shown. Then we would have a C that would complete around spring 2016, or 2-3 months before halving.
2) We fulfill a B wave to the target area and due to failure to make new ath's, the market panics and capitulates in a explosive and spectacular fashion making for a very fast and brutal C. The time of the over-all correction is more important than the time of C compared to A.
This is a chart with time fibo and some embedded notes
And another showing the time for wave-(4)
The idea of the 1163 top being wave-(3) fits volume and duration profiles much better than a complete super cycle too. Wave-(5), although often longer than 3 in Bitcoin and other commodities, should have less volume. This was not the case in the move from 100-1200.
If the above chart wins out over the more bearish scenarios, then the true wave-II will be so long, some of us old timers may die before seeing the bottom. Yep,I know what I said.
Simple Moving Average on the weekly.
pattern looks similar-sih
Upto $400?
pattern looks similar-sih
Upto $400?
"""Took a 'lil bit o' profit at 292 bfx from 272. I feel the market wants 300 though. The only place we don't look overbought to me is on the weekly and still some room on the 3d. I'd like to see a pop past 316 (2000 CNY) and consolidation above 300 (especially above 2000 CNY) to confirm we have a new trend, and then I'd like to see some slower growth into the halvening speculative pump. We just got out of a 2 year bear market from a 5 year bull market, and I'd love to see another long season of bull!"""
That's a big IF.
If we break the 300-316 mark there will be a large rally because I am sure many are short around $300 or so.
However the halving is many months away, from $300 we can still go down to the $200 and back up within 9 months.
"""Took a 'lil bit o' profit at 292 bfx from 272. I feel the market wants 300 though. The only place we don't look overbought to me is on the weekly and still some room on the 3d. I'd like to see a pop past 316 (2000 CNY) and consolidation above 300 (especially above 2000 CNY) to confirm we have a new trend, and then I'd like to see some slower growth into the halvening speculative pump. We just got out of a 2 year bear market from a 5 year bull market, and I'd love to see another long season of bull!"""
This time it is different!
Stability against the USD is not something bitcoin will gain over time. It's cyclical.
Potayto, potahto.
None of us knows if, over a very long term time horizon, the bubble cycle will continue, or whether the market will stabilize, on average, as capitalization increases.
Here's what we do know on the other hand:
The market is currently moving towards high (local) stability. The last time that happened was in 2012, which gets a lot of people excited, since they expect this is the prelude for another bull market -- I'm not saying I agree with that necessarily, but it's at least a coherent thought.
The Global Landscape of Blockchain Companies in Financial Services
http://startupmanagement.org/2015/10/22/the-global-landscape-of-blockchain-companies-in-financial-services/
http://startupmanagement.org/2015/10/22/the-global-landscape-of-blockchain-companies-in-financial-services/
Jump to: