Bitcoin Forum

 
https://bitcointalk.org/index.php?topic=2711461 (https://bitcointalk.org/index.php?topic=2711461)

Indicative of price and structure, not time...

     BTC: https://i.imgur.com/ebLhct6.png
     BCH: https://i.imgur.com/YGZTuYl.png
     ETH: https://i.imgur.com/BeyiUvO.png
     ADA: https://i.imgur.com/04DJsxu.png
     DSH: https://i.imgur.com/sBZ3PXK.png
     EOS: https://i.imgur.com/EXDLSa1.png
     FCT: https://i.imgur.com/AyFrlfF.png
     IOT: https://i.imgur.com/NuAlqyJ.png
     LTC: https://i.imgur.com/YIMxFXD.png
     NEO: https://i.imgur.com/QlxiWSf.png
     RDD: https://i.imgur.com/h2ilqGz.png
     TRX: https://i.imgur.com/JzAt5Ze.png
     XEM: https://i.imgur.com/XP9TUiU.png
     XLM: https://i.imgur.com/QbBGKok.png
     XMR: https://i.imgur.com/DuOtygt.png
     XRP: https://i.imgur.com/3l1BoP6.png
     XVG: https://i.imgur.com/BQh6vPD.png
 

What the fuck is this shit?

you are funny dude ;D ;D ;D ;D

This could be right... if the market goes into a downtrend... we are in a correction....

Agreed. Also, please stick to one thread only.

why a crash shoud be predicted? cryptocurrency and blockchain are the future ... there is no way to stop this... they only can regulate it...
look at the weekly chart... bitcoin does a normal correction... 1 , 2 , 3 ... there is nothing special... look at the growing of 2017... its only normal that big players are cashing out...
also bitcoin futures are running out.. haha -> its normal that they publish negativ news... everyone wants better prices.. more profit :-) thats the stock exchange!
if the bitcoin price is 8000... it would be normal too

At least 35%-50% downside commencing in all cryptocurrencies this week starting 26-JAN-2018

Since fiats were introduced we had crashes few times from that time didn't we 2008 was recently. In crypto things moving a lot faster.
Before fiats sometimes people traded with spices and they were were valuable so whats the point of talking that crypto will crash.
Of course it will. But crypto will replace other currencies.

Updated charts of popular Altcoins here:

https://uk.tradingview.com/u/stevepuri/#published-charts (https://uk.tradingview.com/u/stevepuri/#published-charts)

I believe there are some hard times ahead, but how will coins go extinct? Devs walk away and no replacements come? Coins that have had ICOs and stockpiled ETH/BTC contributions will have a big war chest to go through, so will this drag down BTC/ETH in a more dramatic fashion than other coins (assuming they will liquidate coins to stay afloat)? Interesting charts, thanks for your insights.

Wtf, are you psychic or what? Does this last 24 hours of even more hellacious drops fit into your pattern? And ok crypto-whisperer, suppose a layman (myself) just saw your portentous posts today and has already lost his ass, is this shit about over at least for now? Will there be some good days in here to at least recoup some of what's been lost? Your theory and its evidence is very compelling, however, I obviously hope you're wrong. Give us some encouraging news now...  Oh, and are you predicting armageddon in the future and this is just part of the process, or is THIS right now Armageddon? Basically, for the HODLers will we see the sun again before the ultimate end of the world?

cheers

About half-way through the crypto bear market afraid to say; and the fat lady probably doesn't sing until Bitcoin is sub $1000 by either Christmas 2018 or Easter 2019.
The charts are indicative of price and structure, not time; see first post in this thread and following link...

https://uk.tradingview.com/u/stevepuri/#published-charts (https://uk.tradingview.com/u/stevepuri/#published-charts)
 

Not quite what I'd hoped to see, but at the same time, I'd rather hear speculation that's based on some logic and evidence (as you provided) opposed to someone's intuition that things "have to get better". I guess it's encouraging to know this is "half-way" over, and also that the end of the world isn't here quite yet. Thanks for the insight man

this is just a predictions with your trading system, i believe next week all cryptocurrency price will be green again
but, everyone has different view on it,
so lets see what will happend in this year my friend

I started talking Elliott Wave analysis serious when I saw it in action last year, predicting the price of Ethereum, I will definitely be piling up BTC at any price below $4000, that is 5X return from the ATH, one thing about Elliott waves is that it is a subjective analysis and one need  more data before concluding on the chart

Elliot Waves is forecast only. Too many facts and manipulation events from whales and banks strongly influence and shift in the right direction. That's why EW work but with some amendments.

Indicators like elliott waves are really invalid for cryptocurrencies. They were invented to forecast prices in regulated markets. Cryptomarkets are new form markets which are affected mostly by psychology.
All altcoins will recover btw.

I tend to look at RSI and volume, especially historic price+volume as an indicator.

RSI sometime back turned below 30, I think its a good signal that the correction is nearing its end...
Would like to know others thoughts...

Though the bears may try again, but the pullback from 7960$ was with really high volumes, I dont think they can break through, but this is life anything can happen!

The next support will be 7800 in that case. But overall I think bears will have a really hard time now at every stage.

God bless us all!

TA work on cryptocurrencies. FA is most significant influence but TA work also. When we have flat or no strong FA events indicators and filters work excellent. But you can not believe.

Best Elliott wave counts are in hindsight only! Hard to do an objective wave count and every wave counter
 usually has a different count. These counts are painting a very bearish picture and will be left in dust if
cryptos launch a strong rally soon.
 

The second leg of the Crypto Crash may be commencing, updated charts & analysis:

1. https://uk.tradingview.com/chart/BTCUSD/3IVGEP9P-2018-Cryptocurrency-Crash-Elliott-Wave-Recommencing/

2. https://uk.tradingview.com/u/stevepuri/#published-charts

Ok so I am a noob on here but I am still bearish in BTC and can see this drop happening.
Current rises have no fundamentals backing them up.
OP speaks of cryptocurrency crash however most alts down or up/down during this BTC (fake) bull run
So what gives?

You sound emotional. Go and lie down/climb a mountain before you trade again! :)

Bitcoin has already completed its down trend cycle and now looking for uptrend, reversal is quite clear on the charts, fud is also over, market is looking positive, no negativity on media too at the moment, so we can safely conclude that we will have a good bullish cycle from here.

Top 5 cryptocurrencies have confirmed trend-reversals, evidence for the second leg of the Crypto Crash is mounting.

BTC (4-hr): https://i.imgur.com/f4ayfeZ.png

BTC (Weekly): https://i.imgur.com/F1brFLf.png

BTC (Daily): https://i.imgur.com/c1akvbf.png

ADA: https://i.imgur.com/7PComoR.png

BCH: https://i.imgur.com/FlaIYSh.png

DSH: https://i.imgur.com/cFRGDKS.png

EOS: https://i.imgur.com/FozH1xe.png

ETH: https://i.imgur.com/83Jd6UN.png

IOT: https://i.imgur.com/n3Hgfg1.png

LTC: https://i.imgur.com/KOcU1bW.png

NEO: https://i.imgur.com/HDNoewb.png

TRX: https://i.imgur.com/7a2Mmq0.png

XMR: https://i.imgur.com/3W8GyAE.png

Elliot Waves theory is founded on market psychology, not because a market is regulated or not. The only argument I can give against Elliot Wave theory right now is that a large majority of aswell Stock as Crypto trades are being conducted by bots, who you can't psycho-analyze.

Cool I'm looking forward to this, already expected this and well.. would be shitty if it all went up right after I sold wouldn't it?

Bots are programmed by humans with presupposed human market psychology.
Self-learning AI bots are fed previous market data patterns based on human market psychology.
Human market psychology into a bot, equals, human market psychology out of a bot.
Nothing can stop the 2018 Crypto Crash.

Lol what a funny thread guys. What this guy is saying? We are all going to die soon and all cryptos will crash?  ;D I dont think that this is going to happen, we are still in early stages and we are still not mainstream! Just hodl guys!

2018 Cryptocurrency Crash (Elliott Wave): Bear Market Resumes

Reddit crosspost: https://redd.it/7z8u6n

I am not a bear trader, but some people make a kill trading the marketing, what is of concern to me is that looking at the chart it predicted the price could went as low as $4000 during the next crash, that will be a bloodbath. I know Elliot wave is very subjective but I have seen it in action before and the predictions was true then

and if the price is back to $1000 as I see in the image then many people become stress because they buy bitcoin at the higher price and if they sell their bitcoin, they only get lost a big money. we don't know what will happen in this year and bitcoin itself has any chance to go up or even to go down so I think we need to be prepared for the worst thing that might happen later and we can get out for a while from the market and we can see that we still have a chance to buy bitcoin again at lower price.

Hard to tell the future by an Elliott wave count . There are many good traders that have bullish counts with new highs coming in coming months.  Time will tell.

Crypto market sometimes unpredictable and that is what makes this market interesting. No one can analysed it correctly. I dont think it will crash anytime soon. The fundamental is growing. More and more people using crypto and knows about it now. Goverment also will regulate it. No one can stop crypto.

Fare Thee Well Ten Thousand?

https://redd.it/842ssd

we cannot predict cryptocurrency because it will always move up and down in anytime so today, we are going to see the cryptocurrency is down again. I see in every exchange, the red signal is shown again and almost all coin is down again. I wonder how much the price will get down and I hope that people are not panic because of this and will stay calm to wait for the price to go up again.

there may be downfall in market predictions but crypto is non technical market irrespective of these technical predictions

If you follow these charts it looks like a lot of opportunities to short the market.

Fundamentally, there is no negativity towards crypto-currency. Now, I think there are manipulations of bitcoin prices, as a result of which the whole market is falling. Before bitcoin goes up, it is necessary that it consolidates for a while. In any case, black times have come for the Altcoins. The market will unfold globally not earlier than in 3-4 months and I think it will be in winter 2018. Crypto spring will not be

April Fools’ Rally

https://bitcointalk.org/index.php?topic=2711461.msg33877215#msg33877215

frankly, i don't Believe in elliot wave analysis.it's so volatile ,every trader will claim that his drawing is right . Anyway, market will Boom this year in the next couple of months.

There are no sure way to forecast the future with Elliott wave. The labelling of waves can keep on changing with time and other factors.

But it work in the significant cases. You can trust or don't trust. But if you trade that Elliot Waves are good prediction mechanism. Very much hitting with him

I think from the Elliot Waves, we can make our own prediction and we can analyze the price from that info and I think we can find a way to prevent from getting lost. yes, the price is too volatile right now but if we can do analyze the coins then we can minimize the lose and perhaps we can make a profit. I still waiting the market will boom and I don't mine if I need to wait for a long time because I can hold each coin that I have.

oh!

2018 Cryptocurrency Crash (Elliott Wave): Symmetrical Triangle
https://redd.it/8ev2ki

https://i.imgur.com/biQGkBl.png
https://i.imgur.com/YEIpfAP.png
https://i.imgur.com/bMFFP3S.png

2018 Cryptocurrency Crash (Elliott Wave): Triangle Phinance II

https://bitcointalk.org/index.php?topic=2711461.msg39844170#msg39844170

https://redd.it/8q5p68

https://i.imgur.com/exQNGkh.png
https://i.imgur.com/PXyHFNR.png
https://i.imgur.com/P4ASfTd.png
https://i.imgur.com/eplQwbK.png

which I see is currently the price of cryptocurrency to fall and so I am sure at the end of 2018 the price of cryptocurrency and altcoin will be good later in the year because a few months ago cryptocurrency drastically decreased and at the end of the year will be good again

I think what you have said can not be a reference to assess the development of cryptocurrency for the future..

I think that's an irrational analysis. I do not usually rely on charts to predict the future. Because true probability is very low and I do not believe in this method.
I usually analyze everything through market movements in a week. the news and the world economy. It will then make an investment decision.

Every time there comes a correction of the crypto-currency market, this topic becomes relevant. This year the cryptocurrency will reach new heights!

I don’t know for others but I always consider investing in bitcoin if you are looking for a long term investment and if you looking for short term investment I always chose Eth. For these coins are more safer and secure other than any coin.

We don't know how big it can and how the market will proceed before this year ends, the graph will be a good basis if we are aiming for short term
trade but looking for long term then its all about trusting your instinct, crash will always be a part of trade and no matter how well we understand
chances that we will misinterpret the next movements are always possible.

Trying to look at the chart of BTC, because I know this is what actually drive the direction of the market, the elliot waves show the price of BTC is going to $2500, is this possible, I won't bet against it, but the likelihood of this happening is very low, I don't know how many people will be selling its BTC at $2500

Don't see $2k happening too strong a support both at $6k and $4k levels

chart and all of prediction can be a good prediction? but when it is  true or happen, when all of chart can predict right all trader have to be rich, ask elliot???

I do not believe in any such analyses, eliott wave or other ones nothing can foresee bitcoin's future. They are just predictions.

this issue concerns a very large number of people. after all, many of them buy cryptocurrencies only for speculative purposes. When the acute question to fix the damage or wait for the change of the vector of market. Panic covers all, and those who buys currency on small money and for those who bought coin on credit money. But took for the first and for the second will be the same. Determine for yourself what you believe and whether you will bite your elbows in 5 years when bitcoin will cost 100 times more. You decide.

2018 Cryptocurrency Crash (Elliott Wave): Redux
https://redd.it/913xx6

Since the all-time high set on 17-DEC-2017, the cryptocurrency Bitcoin bear market has now elapsed 7 months with a peak decline of 70% in value thus far.

The first leg of the crash from 17-DEC-2017 to 06-FEB-2018, saw a 70% decline where price collapsed from the all-time high of $19,891 to a low of $6,000 in just 51 days (BITFINEX).

Since the 06-FEB-2018 low, price has wandered sideways on diminishing volume and volatility, contracting into a triangle pattern. A triangle formation reflects a balance of forces creating a directionless resolve: an equilibrium and indecisive psychological state of mind between the bulls & bears, a period of consolidation as the market deliberates its next move.

Five waves are expected in a contracting triangle pattern, labelled as a-b-c-d-e waves. Under textbook Elliott Wave analysis, at least two of the five alternate waves are typically related to each other by the Fibonacci 0.618 golden ratio, and it appears wave-c and wave-e are the alternating candidates:

https://i.imgur.com/77x90d4.png

—wave-a: Rallied 95% from 06-FEB to 05-MAR, retracing a 50% Fibonacci of the downtrend wave that began on 06-JAN.

—wave-b: Declined 45% from 05-MAR to 01-APR, retracing a 95% of wave-a.

—wave-c: ‘April Fools Rally’: Rallied 55% from 01-APR to 05-MAY. In regards to length, it was a Fibonacci 0.618% of wave-a and terminated just shy of the psychological $10,000 level.

—wave-d: ‘Sell In May And Go Away’: Declined 33% from 05-MAY to 24-JUN. In regards to length, wave-d equalled a Fibonacci 0.786% of wave-b.

—wave-e: The final leg of the triangle pattern, and the shortest, has been underway since 24-JUN. Should wave-e equal a Fibonacci 0.618% of wave-c, it would do so at around $7,958 (BITFINEX) —and converging trendlines of the triangle suggest by mid to late JUL. It is common for this final wave-e of a triangle to either undershoot or overshoot the converging trendlines of the triangle. However, this wave-e must terminate below wave-c for the overall triangle to remain valid; i.e. below the MAY high of $9,990 (BITFINEX). Summary of targets to complete the triangle (BITFINEX):
Textbook:
    @7873: wave-e retraces a Fibonacci 50% of wave-d
    @7958: wave-e equals a Fibonacci 0.618% of wave-c    
Overshoot:
    @8372: wave-e retraces a Fibonacci 61.8% of wave-d
    @8557: wave-e equals a Fibonacci 0.786% of wave-c
    @9084: wave-e retraces a Fibonacci 78.6% of wave-d

Once the triangle completes, the second leg, and most devastating leg, of the cryptocurrency bear market is expected to resume with a breakout in volume and volatility —the crash redux. Taking out $7,330 may commence the second leg of the bear market, at which point signals time to exit all cryptocurrencies.

The Elliott Wave principle pinpoints the start of the ‘mania’ phase at $5,400 (BITFINEX) on 12-NOV-2017. At this level in time, price withdrew to create wave-4 as part of a 1-2-3-4-5 series of advancing waves:

https://i.imgur.com/5rD1eo2.png

From $5,400 to $19,891 manifests the steep parabolic price curve of the fifth and final wave. Therefore, taking out $5400 begins ‘capitulation’ of the earliest of public speculators and loyal hodlrs —amidst a volatile and instable marketplace surged in volume driven by margin calls, where mass media hysterics begin to peak reaffirming the ‘fear’ phase. Hence the psychological $6,000 has been guarded for the last +5 months since it marks support of the psychological USD$100 billion Bitcoin marketcap.

https://i.imgur.com/CmZqsZV.jpg

Initial expectation for the second leg bear market is towards $4,257 (BITFINEX) which marks a Fibonacci 78.6% retracement of the entire Bitcoin market which begins the ‘despair’ state of affairs; where reality of the bubble bursting only just is grasped as the 'blow-off' phase gains momentum.

From a political and socionomic standpoint, the following events termed as “FUD” may begin to unravel during the second leg of the bear market:

• Further laws/bans/restrictions upon cryptocurrencies invoked by countries/governments, calling for tighter regulation and fraud prevention: positive rulings, but perceived as negatives.
• Prolonged exchange outages preventing deposits/withdrawals and management of positions; including hacking and exploitation of security flaws.
• Exposure and collapse of further Ponzi schemes.
• Majority of Altcoins currently around US$2,000,000,000 market capitalization becoming extinct. Manipulated alt/BTC pairs at highest risk of collapse; see deadcoins.com (http://deadcoins.com)
• Mergers & acquisitions of crypto companies, reduction of trading fees and margins/spreads, and launch of basket financial instruments (e.g. ETFs, index funds, etc), in the endeavour to revive and survive the market.
• Individual bankruptcies and suicides.

Based on historical manias, when a speculative asset bubble bursts, an approx 90%-95% collapse unravels in a period of 2 years:

—thebubblebubble.com/historic-crashes (http://thebubblebubble.com/historic-crashes)
—en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets (http://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets)

Chronicles of historical manias suggest the cryptocurrency bear market is likely to conclude by late 2019 or early 2020, with Bitcoin priced between $500 to $1,000.

It is musing to project whether or not Bitcoin survives the crash.

Commodities and currencies, and assets deemed as a store of value, unfold in A-B-C Elliott Waves in both bull and bear markets. Whereas assets such as stocks based on earnings unfold in 1-2-3-4-5 impulsive Elliott Waves in bull markets, and corrective A-B-C Elliott Waves in bear markets.

The wave characteristics of Bitcoin and the popular cryptocurrencies have unfolded in 1-2-3-4-5 impulsive Elliott Waves in bull markets, and corrective A-B-C Elliott Waves in bear markets.

Given the nature of wave characteristics, this suggests the behaviour cryptocurrencies cannot be considered as a currency nor a commodity; and so therefore in their current state, shall never be adopted as robust mediums of exchange for goods and services or as a storage medium of value.

Quite possibly, a second generation of viable cryptocurrencies may emerge in post 2020. Either way, the days of speculative parabolic price curves in the cryptocurrency markets is over, and any hopes of a return to the all-time highs is foolish hodlr's fodder.

Elliott Wave speculative models indicative of price and structure, not time; as follows:

https://i.imgur.com/hcT0S4a.png
https://i.imgur.com/2CFdLqZ.png
https://i.imgur.com/yTaybkm.png
 

2018 Cryptocurrency Crash (Elliott Wave): Inflection Point
https://redd.it/9u1y3z

https://i.imgur.com/EGmziB1.png
 
The Bitcoin and cryptocurrency bear market of 2018 has reached a point of inflection, where alternative scenarios and projections can now be explored using Elliott Wave theory.

From the 17-DEC-2017 high to the 06-FEB-2018 low, the Bitcoin market endured a 70% price collapse from the all-time high of $19,891 to a low of $6,000 in just 51 days (BITFINEX). In Elliott Wave parlance, this first phase crash is a simple but sharp three wave a-b-c zigzag pattern.

From the 06-FEB-2018 low, the Bitcoin market then wandered sideways for 168 days until 24-JUL-2018, creating a floor of support at $6,000 whilst making successively lower highs. The psychological $6,000 price has been guarded since it marks support of the psychological USD$100 billion Bitcoin marketcap. In Elliott Wave parlance, this second phase of market development is a triangle pattern consisting of five a-b-c-d-e waves. The internal structure of the waves within the triangle are related to each other in terms of length as the following Fibonacci ratios:

    wave-c = wave-a * 0.618
    wave-d = wave-b * 0.786
    wave-e = wave-c * 0.786

https://i.imgur.com/Bm4Nx7a.png

The triangle phase of the Bitcoin market completed at the 24-JUL-2018 high. Since then, the third phase of market has been underway with an expectation of creating new lows for 2018 at sub $6,000 prices. Initial approx targets have been projected as follows (BITSTAMP):

    @5920: Fibonacci 0.618% of wave-d low projected from wave-e high.
    @5220: Fibonacci 0.786% of wave-d low projected from wave-e high.  
    @4327: Fibonacci 0.100% of wave-d low projected from wave-e high.
    @4200: Fibonacci 78.6% decline of entire Bitcoin market.

Any of the aforementioned approx price levels based on Fibonacci projections are potential targets of where the 2018 bear market may conclude.

Should price retrace below the Fibonacci 78.6% of the entire Bitcoin market, i.e. below the psychological $4,000 level; it may suggest the bear market extends into 2019 with an expectation of a 90%-95% decline of the entire Bitcoin market to approx $1,000 by 2020. Such a scenario would be consistent with the collapse of other historical asset mania bubble bursts, which typically elapse 2 years on average: thebubblebubble.com/historic-crashes (http://thebubblebubble.com/historic-crashes)

However, the Bitcoin market has reached an inflection point. The third phase of the bear market appears to have stagnated in price and time. Since 09-SEP-2018, price has traded in a narrow 10% range at an average price of $6,400 for almost 60 days thus far. Volatility is now at a 22-month low and technicals such as moving averages are flat-lining across daily timeframes. This behaviour has been quite unexpected. Since completion of the consolidating triangle phase of the market, volume and volatility was expected to breakout. Speculators and traders have left the stabilised cryptocurrency marketplace in favour of the more volatile global equity bear markets.

An alternative scenario can now be considered: Since completion of the triangle at the 24-JUL-2018 high, the concluding phase of the bear market may have declined and truncated at the 11-OCT-2018 low. If so, a cyclical (i.e. short-term) bull market may be commencing within an overall secular (i.e. long-term) bear market. Such a bull market would be termed as a wave-X as part of a complex ongoing long-term bear market structure.

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

In some schools of Elliott Wave thought, the wave-X bull market may unfold in five 1-2-3-4-5 impulsive waves; or, as three a-b-c corrective waves considered in other schools of thought. Either way, the size of a wave-X is challenging to predict. Typically, it may retrace either a Fibonacci 38.2%, 50%, 61.8% or 78.6% of the entire 2018 bear market; that is approx $11,081 or $12,720 or $14,360 or $16,705 respectively (BITSTAMP). In some cases, a wave-X may extend to, and even exceed prior all-time highs, like typically seen in commodity and forex markets. The wave-X cyclical bull market could be a swift parabolic move elapsing within 12 months during the course of 2019, and thus the overall secular bear market may still resume to unfold to a low in late 2020.

---

In summary, the parameters of the inflection point can be currently defined as follows, using BITSTAMP prices…

Bear Market Inflection Points

—A break below the 11-OCT-2018 low of $6,055 would be the first indication to suggest the bear market is still underway.
—A break below the 14-AUG-2018 low of $5,880 would confirm the ongoing bear market.
—A break below $4,000 may suggest an extended bear market leading to a 90%-95% collapse of the entire Bitcoin market by 2020.

Bull Market Inflection Points

—A break above the 15-OCT-2018 high of $6,756 would be the first indication to suggest a bull market may be commencing.
—A break above the 04-SEP-2018 high of $7,412 would likely confirm a bull market is underway.

---

Notes

—Bitcoin CBOE XBT futures expiries: 14-NOV-2018, 19-DEC-2018
—Bitcoin CME futures last trade dates: 30-NOV-2018, 28-DEC-2018
—Bitcoin ICE Bakkt daily futures tentative launch: 12-DEC-2018

—S&P500: global stockmarket indices appear to have topped, and a bear market is underway. Expectation is a rally into the end of year 2018 towards $2,800+ in the S&P500 index, followed by a decline to approx $2,400 by Easter 2019 to end the brief equity bear market.

—Gold: rally underway, expectation to conclude at approx $1,260, and then bear market resumes to sub $1,000 by 2020.

—US Dollar: expecting uptrend to be bounded by approx 98, and then bear market resumes.

---

Elliott Wave models are speculative and indicative of price and structure, not time; i.e. the projections may occur sooner or later than anticipated.

BTC (Weekly)

https://i.imgur.com/B0ftUHf.png

BTC (Daily)

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

BTC (4-hr)

https://i.imgur.com/Ip1QQTe.png

Are you kidding right? You predicted the future perfectly!
But I hope that Elliot Wave wont continue, I dont want to see Bitcoin for 4000USD.

no, BTC prices will not break up to 4k dollars. I am sure BTC will stay at a price of 6k more for this year if there is no event that makes it rise. believe the lowest is 6k and it is not impossible if at the end of the year riding friends

Nasdaq says it can lead the fight against market manipulation and fraud that has been plaguing the cryptocurrency market. In fact, a few exchange platforms are already adopting the exchange operator’s market surveillance technology.

This might stop the market from crashing once every year. Looking good!

Source: https://bitcoinist.com/nasdaq-crypto-fraud-manipulation/

I really do not understand what you want to mention. I looked at the pictures of the altcoins and did not understand what was going on. Here are some pictures of technical analysts and no annotations. Can you explain each item?

So we have less than 2 months left to the year, CBOE expiry coming in 10 days, and we're almost exactly in the middle of both bear and bull early projections you've given here. So basically, we're finely balanced - 50/50. And that's still a way off from hitting the confirmation targets, so is it time to say now that 2018 isn't going to confirm either bull or bear? I can't see BTC hitting 4k or 7.4k

The first inflections you put even don't look possible at this stage!

What I know is that Elliot waves are used by many traders now, but i have never heard of issues about this crash. One of my friends is more interested in learning one skill that is 100% accurate but few people can learn it.
For me crypto is very unpredictable besides being controlled by big investors who anytime they want to pump and dump

Bitcoin's True Stress Test Is Yet to Come: https://www.coindesk.com/bitcoins-true-stress-test-is-yet-to-come/

I've been hearing the number ~5.800 for months now, as a last "test" before we can really go up.

Why don't you use BB code to display this image, or my bad network feels really bad because it only has a url, with images of course very interesting and easier to understand.

Elliott wave analysis does not have much effect in the crypto market, it is only useful for the stock market and forex.
But some of your charting analyzes are pretty good for reference with a couple of relatively worthwhile parameters to add to my personal analysis and predictions, thanks for that.  :-*

So dear Elliot Wave fans, where are your Elliot Waves now? Cryptocurrency does not give a singe f**k about such theories. Bitcoin is way too easy to manipulate (which is not illegal) and as long as that is the case, TA strategies are mostly useless.

I have a friend making such predictions and drawing these charts and it is so funny seeing his multiple attempts to make another prediction and to change his mind when price is going another way!