This could be the intermediate term action.  |
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The impulse had many primary wave extensions which is why it seems it has bottomed on just one sharp fell swoop. Having gone too far none the less I think the bottom very probably in. We know theres a bottom here because of the triangle. We know abc's retrace at least 62% as a strong guideline. Not to mention that the abc could have been a wave ii of sorts.  Now that this abc is behind us in clarity we can play with the idea that this could be a grand wave iii following a wave ii. Not necessarily but I dont see why this is a lesser count given what is behind us.  This is cool |
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Just got my hand on some cash now and i'm thinking of investing in some bitcoins. but as with the new pump recently with the price @3200 not sure what to do. Should i invest now or wait for an opportunity for price to go down?  It is never a coincidence that people ask if they should buy when the price is skyrocketing. The answer is, go back to work! |
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There is an impulse form here as predicted, lovely proportions. Wave (v) is in wave iii, it could go between 5k and 7k. Then the question is - was that a primary wave down there (1?). that would mean a correction to 3-4k, and more bull, maybe an extension, even higher. It might be sensible to assume that this wave v is the final wave, in which case it could go a bit higher that 7k, and the correction that follows could take some time.   If you have made profit from my analysis any tips would be appreciated to 1DyaSa53z1uVDgGN7D1rk7U2h9xLbR4q7v |
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Haven't used this site recently, but now I see this message on their website:
404 Not Found
nginx
No notice given on the twitter feed... I doubt it's down for maintenance. not good. |
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Hi guys,
I have not had access to Bitbet.us for more than a week now. The error message reads
"Insecure connection - The owner of bitbet.us has configured their website improperly. To protect your information from being stolen, Firefox has not connected to this website."
Is anyone else having the same problem? has Bitbet done a runner? They have been around since 2013... I thought that was a good run.
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Any updates??
 If this is an A it would be A of a flat or a triangle. not A of zigzag. no deep retrace. probably hit the floor already |
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 If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV. Not sure if this is the end of wave 3 but regardless after some significant sideways there will be another leg. Is this the end of the bubble, I dont know. There may be some nested 1 - 2s I cant see. |
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If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV.
Hi chessnut. How are you counting all of the price action from 160/198 to 2700? My count from the bottom hasnt changed. You should find it a few pages back - a WXYXZ flat zz triangle. It looks like the third wave is not yet done and it could reach as high as 3500 easily before further consolidation above 2000. The fifth wave could be spectacular in several months. |
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If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV. |
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The original target of 1600-1800 is becoming more likely.
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Can we consider 5th wave to be extended?
... yes Having extended doesnt necessarily change the retrace target of 1600 but I wouldnt expect less than 1800 or even 2000 to bottom in IV territory. The leg down to 2300 could even be the first of a triangle meaning to further lows. |
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Cautious here for bulls. Bedrock is 1550.   |
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Wave 1 of the last publication would be the end of a IV triangle. If that's correct wave V of the local cycle should top out in the lower 2k region with a significant correction above $1500.  |
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This impulse seems to be wave C of expanded flat B or a higher degree wave V compared to the last. Both of those counts point down. If it creeps up from here, all bets are off.  |
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It looks like we have made a short term top. Fourth wave guideline means there could be a buying opportunity at around $1550.  |
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 The current correction could no longer be a wave iv species, this is the bullish case scenario. A bearish case, flat or expanded flat, could take us to the floor of the last bear market in a swift wave c. too soon to count this yet.  |
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 with the log scale wave i = wave iii more or less, so the chance of a wave v blow out are high if you think this is rooted in a log count. |
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If we give the bears the benefit of the doubt then this this a wave iv abc or the beginning of a triangle or combo. We need to retrace at least to 7800 here.  yes, true. But if you admit this then you are also saying the wave 5 that follows this 4 will begin the correction to a bear market? yes, I admit  it would be a wave ii or wave b bear market. I will not speculate the death of bitcoin. |
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If we give the bears the benefit of the doubt then this is a wave iv abc or the beginning of a triangle or combo. We need to retrace at least to 7800 here. |
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