source: https://twitter.com/CarpeNoctom/status/852359397854642176
Topic: Nights Watch by Afrikoin - page 72. (Read 303310 times)
Or maybe $1060 will be the peaka of an inverse head and shoulder (the shoulder peak) before a burst to $1600
source: https://twitter.com/CarpeNoctom/status/852359397854642176
source: https://twitter.com/CarpeNoctom/status/852359397854642176
$1060 zone might be a key decision point. A point of tension. and people buying back. Uncertainity over whether we bounce back up. Hard to say at this point because there are still multiple counts on how a top could unravel.
See my post above earlier
Or if an event will mysteriously happen on that day and we see more down
I will admit though, i have been watching these 2 patterns for similarities (in blue)
See my post above earlier
Or if an event will mysteriously happen on that day and we see more down
I will admit though, i have been watching these 2 patterns for similarities (in blue)
I call this playing toy.
This is me trying to figure out how the complex correction at $162 might have been.
It was clearly NOT an impulsive 1 2 3 4 5 wave up. So it must have been a correction.
This would be a leading diagonal A. that would possibly put as in wave 1 on a higher degree and possibly the down to come would be wave 2, then mega mega wave 3.
But we will only know this at $650
This is me trying to figure out how the complex correction at $162 might have been.
It was clearly NOT an impulsive 1 2 3 4 5 wave up. So it must have been a correction.
This would be a leading diagonal A. that would possibly put as in wave 1 on a higher degree and possibly the down to come would be wave 2, then mega mega wave 3.
But we will only know this at $650
Perhaps this is what you have in mind, i shared this a month ago as one of the possible forms of a wave 5 top
Below it with price superimposed.
*Thing is, while this count is possible, it is still one of 3 possible tops. SO we are not out of the woods yet. My main interest is, we break DOWN in all my counts. And go back to $800. Why I am staying out of the market.
We could have already truncated
We could be in a B wave that will fail just below ATH
We could be in a B wave within an irregulat flat, that breaks past the ATH momentarily then back down
Or we could be waiting for this rising diagonal to complete the 5 and still break down.
DOWN! Not more up.
And why i am patient and trying not to get caught up in the short term excitement.
There is also the OKCoin withdrawals set to kick in on 23, so that is a date i have an eye on. What will the CHinese do when they enble withdrawals? Will they buy? or dump?
#justMy2cents
Article coming out today
Below it with price superimposed.
*Thing is, while this count is possible, it is still one of 3 possible tops. SO we are not out of the woods yet. My main interest is, we break DOWN in all my counts. And go back to $800. Why I am staying out of the market.
We could have already truncated
We could be in a B wave that will fail just below ATH
We could be in a B wave within an irregulat flat, that breaks past the ATH momentarily then back down
Or we could be waiting for this rising diagonal to complete the 5 and still break down.
DOWN! Not more up.
And why i am patient and trying not to get caught up in the short term excitement.
There is also the OKCoin withdrawals set to kick in on 23, so that is a date i have an eye on. What will the CHinese do when they enble withdrawals? Will they buy? or dump?
#justMy2cents
Article coming out today
Bearish Harmonic
Target = 50-61.8 Fib
SL = 1260
https://www.tradingview.com/chart/BTCUSD/aSbTJUCK-Bearish-Shark/
Target = 50-61.8 Fib
SL = 1260
https://www.tradingview.com/chart/BTCUSD/aSbTJUCK-Bearish-Shark/
Here is one of my counts and how i see it
+ The zig zag fro $162 was some form of complex correction - double zig zag possibly. But the C that follows confirms whatever correction it was, there was A -B in it, thus the C in purple.
Now the end of C marked the end of something.
Why i have the blue A and B drop before another C in blue
So it was a series of nexted A-B-Cs within another A-B-C
The Cs if you notice, have the 1 -2 -3 - 4 -5 wave structure
+ The zig zag fro $162 was some form of complex correction - double zig zag possibly. But the C that follows confirms whatever correction it was, there was A -B in it, thus the C in purple.
Now the end of C marked the end of something.
Why i have the blue A and B drop before another C in blue
So it was a series of nexted A-B-Cs within another A-B-C
The Cs if you notice, have the 1 -2 -3 - 4 -5 wave structure
[img]https://i.imgur.com/UI4lk58.png
the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects
Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern
like this one
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull
Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.
could you label it for us please?
On a chart?
and share?
Sure see https://www.tradingview.com/chart/BTCUSD/02ZSzuha-Bitcoin-Elliott-Wave-Count/
That count is wrong IMHO
The 1-2 cannot be a wave 1/2
What you label as 1 is a mini 3, and the triangle that follows is a contracting triangle 4.
Now with EW there is room for disagreement
So what I would do Is look at historical charts on Google of "wave 2" that have that shape.
I have not come across that shape of a 2 IE a wedge triangle
[img]https://i.imgur.com/UI4lk58.png
the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects
Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern
like this one
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull
Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.
could you label it for us please?
On a chart?
and share?
Sure see https://www.tradingview.com/chart/BTCUSD/02ZSzuha-Bitcoin-Elliott-Wave-Count/
I dont agree. People are way to positive right now. 500 000 USD predictions everywhere. 2000 USD next month everywhere. High expectations+ bad fundamentals = ... We both know the awnser.
Those $500,000/BTC predictions are for JOKES.
I will stick with Afrikoin's $800's scenario...
Your reputation york780 doesn't make you trustworthy, sorry Stick to your own b-class thread please.
[img]https://i.imgur.com/UI4lk58.png
the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects
Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern
like this one
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull
Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.
How high would the coming wave 5 be? What happens after that wave 5? A new count?
As it stands you can make some Fibonacci predictions using most recent swing high and low of $1474 to $1633 minimum for top of Wave 5.
Those predictions would be invalid if the swing low changes though. I have seen other predictions from analysts I trust for top of Wave 5 at $1800 to $2800. If price goes parabolic that could happen (or higher.) That's why you should never sell all your bitcoin keep some for the future. Problem is the hard fork standoff is keeping the price down.
After a Wave 5 you would get an ABC correction likely to region of $502 to $779. If you miss selling at the high (most do guilty here) there will almost certainly be a dead cat bounce (B wave) giving you a second chance to take profits.
[img]https://i.imgur.com/UI4lk58.png
the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects
Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern
like this one
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull
Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.
could you label it for us please?
On a chart?
and share?
[img]https://i.imgur.com/UI4lk58.png
the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects
Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern
like this one
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull
Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.
How high would the coming wave 5 be? What happens after that wave 5? A new count?
[img]https://i.imgur.com/UI4lk58.png
the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects
Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern
like this one
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull
Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.
[img]https://i.imgur.com/UI4lk58.png
the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects
Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern
like this one
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull
Let's let it segwit go live on LTC first. Right now it has never been tested on a network that has actual value. That should be a minimum requirement before we implement such a major change on the bitcoin network.
Unfortunately LTC has on actual economic value rather than a speculative one. Its main differentiation points, namely being ASIC resistant and having a higher txn throughput are both pretty moot. The former is not valid anymore (ASIC HW for scrypt have been developed and deployed for years), the latter is moot because ltc blocks are pretty empty.
As you can see there's no actual demand for ltc transactions, hence no economic value rather then the speculative one.
That said testing it on the LTC mainnet is for sure a step forward in respect to testing on bitcoin various test nets.
Why I’m cautiously bearish on Bitcoin
http://cointimes.tech/2017/03/why-im-cautiously-bearish-on-bitcoin/
http://cointimes.tech/2017/03/why-im-cautiously-bearish-on-bitcoin/
I can see tons of people, who went long several days ago get severely burned.
There is no such thing as perfect road, even if we are talking about disruptive technology such as bitcoin. Swift pullback to 800 might be end of the world for you, if you are mishandling leverage on internet exchange, but it will only be a minor bump on the road to new heights.
Stay prudent, people.
There is no such thing as perfect road, even if we are talking about disruptive technology such as bitcoin. Swift pullback to 800 might be end of the world for you, if you are mishandling leverage on internet exchange, but it will only be a minor bump on the road to new heights.
Stay prudent, people.
Bitcoin Price Analysis: UASF Anticipation Pushes Toward New ATHs
https://bitcoinmagazine.com/articles/bitcoin-price-analysis-uasf-anticipation-pushes-toward-new-aths/
https://bitcoinmagazine.com/articles/bitcoin-price-analysis-uasf-anticipation-pushes-toward-new-aths/
Yeah right, what a joke article. So now it's the UASF responsible right? But when the price goes down it's because of Bitcoin Unlimited. Biased to the roots, it sickens me to read such BS.
Time to wake up and smell the roses. The Bitcoin community wants Segwit and not your stupid BU crap.
Let's let it segwit go live on LTC first. Right now it has never been tested on a network that has actual value. That should be a minimum requirement before we implement such a major change on the bitcoin network.
Jump to: