Thanks for the explanation, that was great help. Only thing I don't understand is the following Or he's protecting those who bought at the previous "dip" to $10K based on his advice since we're heading down much further before finishing wave 4.
He did say wave 4 was complete though right? So surely he doesn't mean we're heading down further, or was he not entirely clear on the wave 4 being complete part? I was under the impression that the red circle on the latest chart represented the bottom that we will never see again, or maybe will only be seen after crash from 100k. Two days ago, he didn't say "complete", but he drew a large red dot in the 61.8% Fibonacci retracement region and said from here we go up. He also said wave 4 is underway. Regarding his comment about bounce back to $13,000-$15,000, maybe something is lost in Google translate or something more subtle. Perhaps a Russian comrade here can help translate, or hopefully ML will clear things up as we approach it. Great, thank you again. You have really cleared this up for me. |
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Thanks for the explanation, that was great help. Only thing I don't understand is the following Or he's protecting those who bought at the previous "dip" to $10K based on his advice since we're heading down much further before finishing wave 4.
He did say wave 4 was complete though right? So surely he doesn't mean we're heading down further, or was he not entirely clear on the wave 4 being complete part? I was under the impression that the red circle on the latest chart represented the bottom that we will never see again, or maybe will only be seen after crash from 100k. |
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In your opinion where do you think wave 3 would end?
I really like ML earlier analysis, which is also consistent with BETI:
https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/as you can see from this, it all depends on timing. If we go there very quickly, 2-3 months (seems completely unlikely now), it would be "only" 60-70k, if it will take longer, will be 100k or more. I know it sounds a bit like a sci-fi now, but if you believe in bitcoin expenontial netwrok growth/price growth theory, something like that should happen. It is also possible that maturing of the markets will cause flatter peaks and dips, this analysis assumes same relative peaks as in 2013. Anyway, according to exponential growth the "fair price" of btc should be around 13k this August, is around 8k now. So, your saying that wave 3 is still in progress and we will either end up at 40k if we rally quickly and 100k if we do it slower. To me, Seeing as we've had this correction so far it would look like we are heading towards the 100k. But, this correction is much more deep then the one on that chart (14k) so despite this deep correction wave 3 would still be in play? how deep would this correction have to get to show wave 3 is over? |
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I hate to say this but at the moment ENKY is looking more accurate than ML. ENKY's last post mentioned that if there would be a drop past the $9500 level it would go down to $7700 then go back to $9500 then into a bear market.
Not looking good guys.
Where does Enky says that? I only found a post where he says 7600-9500 is a support area - is that what you mean? In his last blog post https://btctrading.wordpress.com/I think that this market is headed well above 20000$ in the upcoming weeks/months, for completeness a possible bearish scenario would imply first a drop down to 7500$, a subsequent reaction to 9500$-10000$ before resuming the fall to new lows. This possible bearish scenario would convince me to liquidate all the bitcoins i bought in 2014-2015. As long XBTUSD stays above 9500$ i’m not worried for my long term position. I got the 7700 bit wrong though, should have said 7500 Wow. Reading his blog entries we was wrong a lot. +1, Master has a much better track record than Enky. However, Master's current wave counts seems wrong to me, I mean saying that the historical wave 3 has ended, not its 3rd subwave (i.e. (3)). Can't say I've read his previous entries, only read about ENKY recently since ML had an interest in his analysis. But his last blog entry and comments in that entry have been spot on, so far. Hopefully ML is right though, but, I have heard other people being critical of his wave 3. In your opinion where do you think wave 3 would end? |
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I hate to say this but at the moment ENKY is looking more accurate than ML. ENKY's last post mentioned that if there would be a drop past the $9500 level it would go down to $7700 then go back to $9500 then into a bear market.
Not looking good guys.
Where does Enky says that? I only found a post where he says 7600-9500 is a support area - is that what you mean? In his last blog post https://btctrading.wordpress.com/I think that this market is headed well above 20000$ in the upcoming weeks/months, for completeness a possible bearish scenario would imply first a drop down to 7500$, a subsequent reaction to 9500$-10000$ before resuming the fall to new lows. This possible bearish scenario would convince me to liquidate all the bitcoins i bought in 2014-2015. As long XBTUSD stays above 9500$ i’m not worried for my long term position. I got the 7700 bit wrong though, should have said 7500 |
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big buy wall on finex at 7800. 2000 coins
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I hate to say this but at the moment ENKY is looking more accurate than ML. ENKY's last post mentioned that if there would be a drop past the $9500 level it would go down to $7700 then go back to $9500 then into a bear market.
Not looking good guys.
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As noted by another poster, our guy Masterluc got his account on TradingView disabled. (yesterday at 12:37 pm) TradingView busted me whether it's the account, or the ideas. I do not know what I broke there. Well, fck them.
Where is that quote from Masterluc taken from? cause his account on bitcointalk was hacked the other day If's from VKontakte, his main outlet recently. https://vk.com/bitcoin_vangaCool, thanks. |
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As noted by another poster, our guy Masterluc got his account on TradingView disabled. (yesterday at 12:37 pm) TradingView busted me whether it's the account, or the ideas. I do not know what I broke there. Well, fck them.
Where is that quote from Masterluc taken from? cause his account on bitcointalk was hacked the other day |
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Standard weekend dump. Just piss off already dumpers. Damn thing is going to 100k, just buy.
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[edited out]
Or put simply, CNBC are a bunch of evil pricks. Do really believe that their shenanigans are evil? What's there goal exactly? Sure, they probably want to increase their watcher (and readers), and maybe they want to distract their listeners with possible gambling and get rich quick schemes and with a message that cryptos are dangerous and a gamble, so in the end, it may not matter if they are wrong, if they present the whole situation as a kind of game, and they say to their watchers (readers) that cryptocurrencies are dangerous and a gamble. Perhaps, in that regard, they are "evil" because they are presenting a dangerous scenario, and then giving lame-ass advice, and then later proclaiming to be correct in their assertion that cryptos are dangerous? Evil, though? I am still not quite there. Evil might be to strong a word, but, the are certainly corrupt in every way possible. |
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Hey Bitmain. Go fuck yourself.  Looking forward to the new miners that are meant to be coming out. Just want to see Bitmain be fucked over. |
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Bull trap?
Noooooooooooooo |
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I think this is good because it's higher than the present price. Actually, I agree with you gentlemand regarding the fact that any BTC price prediction that argues for prices being higher than the current price is a decent enough prediction that would allow us longer term HODLers to at least maintain the status quo of our prior gains - and perhaps add a little extra value, if the amounts account for cost of living, and even better accounts for any withdrawals that any of us might want to make through the calendar year. In the end, HODLers like many of us should not become desperate for a BTC price rise, merely because we have "suffered"(if that's the right word) a 61% price correction that seems to now be hovering in the 57% retracement territory (around $8,500). Even peeps who bought high, should not necessarily expect to be able to cash out in one to two years or even longer, because none of us should be investing more than we can afford to lose - even though there have likely been a lot unrealistic get rich quick expectations in the space that caused folks to buy into BTC while it was above $12k. Regarding CNBC as a news source regarding Bitcoin, the article points out that they have shown themselves to not really know what the fuck they are talking about, and perhaps even engaging in a certain level of negligence in some of their recent shenanigans to 1) outline specific guidelines to help peeps to buy Ripple (while Ripple was nearing its price peak) and 2) to represent Bcash as a seemingly better value that bitcoin by showing some artificially inflated and misleading bcash/bitcoin performance comparisons while having stupid-ass Roger Ver on their show as a supposed expert on the bcash/bitcoin topic. So yeah, difficult to tell if CNBC is continuing to engage in some kind of misleading ploy to be asserting that bitcoin is going to more than 5.5x from its current price. Gotta take those mainstream media fucks with a large grain of salt. Or put simply, CNBC are a bunch of evil pricks. |
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Seems we are still not out of this yet. Was hoping that when I looked at the price next it would be over 9000. At least it was for a bit I guess.
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I am very interested to hear what masterluc says next. I doesn't seem like the markets psychology can turn bullish again after this level of beating so soon. This could very well be another 2014/15
https://vk.com/wall-130254204_8317https://ru.tradingview.com/chart/BTCUSD/hg0S8xjw-historical-3-looks-to-be-completed/According to google translate he thinks we are witnessing something similar to the correction of April 2013. Short term a rebound to 13-15k. Once current correction will end next wave will bring us to 100k. Unfortunately google translate and my comprehension is not helping with determining the timing of this movement. fingers crossed |
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I guess the cynical contrarian stance makes her a better trader than most around here.
The trick is to be extremely cynical, without being so cynical that you completely miss out (Stolfi, Roubini...) haha, stolfi. That guy used to crack me up. |
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problem with all those analysis is they all assume we're still in a bull trend, very risky thinking. Those child paintings are right until the trend changes...
You're assuming we are in a bear trend. According to a lot of longer term TA, we are not. |
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those 2 major drops since ATH are textbook 2013
after that, it slowly rose back up to something like 70% of ATH value
the 2013 crash you need to be looking at here is the one in the middle of the year. Not the one at the end. |
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