technically 1st triangle zigzag complete, it may be in rebounce process now. Do you mean bitcoin is going to play the legendary ping pong game again ?  yes, i think so. |
|
|
|
This is my count, a bit more bullish medium to long-term, less bullish in the very long-term.  4th wave - always a triangle in bitcoin tripple zigzag - should be a wedge Regarding 4th, price now in 4th wave since 778 high (by my count), so it should be a triangle, so there should be a nice bounce somewhere to 700. |
|
|
|
Long term bullish picture looks good. Need wait until december. I like these arcs so far. However need some more downside...  |
|
|
|
I swear I knew nothing about bfx until half hour ago when I woke up Its just a WXY zigzag from 778 high with W and Y of same length. Its a wave theory. |
|
|
|
Now. The question is - will they push hardfork to bailout bfx? [conspiracy mode] Looks like "They" want some hardfork in Bitcoin by doing it in ETH. https://mobile.twitter.com/brian_armstrong/status/755853907654356993ETH price goes down hard while it has majority of power. And ETC price doing versa up, while ETC fork has 10% of power. Miners support ETH while speculants - ETC. ETH schizophrenia is in progress. I think "They" want to make some expirement with Bitcoin. They were almost succeed with it with Mike Hearn. But community kicked them out. Who are "Them"? I think its a some group of big ppl wanted to watch what happens with Bitcoin nightmare - hardfork. Of course those Armstrongs and Hearns are just puppets. This explains why ETH got so much sociaty and media attention last months. It's a trojan horse preparing Bitcoin for hardfork. They took control of ETH, made an enourmous PR, fuck it up and now what? - "Look! It's safe!". Why else coinbase suddenly starts to support just forked ETH chain? I think someone needs to kidnap Armstrong & Hearn, put a gun into their mouth and ask "Who do you work for"?. The whole ethereum project was for only 1 purpose - push hard fork into Bitcoin. |
|
|
|
|
Things happened with Ethereum are so stupid (including its popularity, hack and bailout), so i think they are deliberated.
|
|
|
|
The target of ongoing drop is somewhere between weekly ma20 (540) and daily ma200 (490). I think break of daily ma 200 has low odds to happen (or may happen without closing below it - instant bounce). If it close below d/ma200 - it would be bearish sign. Unless it doesn't - we have a normal correction of 198 - 778 rally. The fibs are: 418 487 556  |
|
|
|
[conspiracy mode] Looks like "They" want some hardfork in Bitcoin by doing it in ETH. https://mobile.twitter.com/brian_armstrong/status/755853907654356993ETH price goes down hard while it has majority of power. And ETC price doing versa up, while ETC fork has 10% of power. Miners support ETH while speculants - ETC. ETH schizophrenia is in progress. I think "They" want to make some expirement with Bitcoin. They were almost succeed with it with Mike Hearn. But community kicked them out. Who are "Them"? I think its a some group of big ppl wanted to watch what happens with Bitcoin nightmare - hardfork. Of course those Armstrongs and Hearns are just puppets. This explains why ETH got so much sociaty and media attention last months. It's a trojan horse preparing Bitcoin for hardfork. They took control of ETH, made an enourmous PR, fuck it up and now what? - "Look! It's safe!". Why else coinbase suddenly starts to support just forked ETH chain? I think someone needs to kidnap Armstrong & Hearn, put a gun into their mouth and ask "Who do you work for"?. The whole ethereum project was for only 1 purpose - push hard fork into Bitcoin. |
|
|
|
[conspiracy mode] Looks like "They" want some hardfork in Bitcoin by doing it in ETH. https://mobile.twitter.com/brian_armstrong/status/755853907654356993ETH price goes down hard while it has majority of power. And ETC price doing versa up, while ETC fork has 10% of power. Miners support ETH while speculants - ETC. ETH schizophrenia is in progress. I think "They" want to make some expirement with Bitcoin. They were almost succeed with it with Mike Hearn. But community kicked them out. Who are "Them"? I think its a some group of big ppl wanted to watch what happens with Bitcoin nightmare - hardfork. Of course those Armstrongs and Hearns are just puppets. This explains why ETH got so much sociaty and media attention last months. It's a trojan horse preparing Bitcoin for hardfork. They took control of ETH, made an enourmous PR, fuck it up and now what? - "Look! It's safe!". Why else coinbase suddenly starts to support just forked ETH chain? I think someone needs to kidnap Armstrong & Hearn, put a gun into their mouth and ask "Who do you work for"?. |
|
|
|
This is in progress. 420-500 is the target imo. The bearish picture remains the same with target 450 through a bear flag and enormous support at 420. Daily bands coiling, bold move expected soon. I even don't beleive ))  |
|
|
|
|
Try to explain that to journalists
|
|
|
|
bailout coin ftw!
ROFL I expect incoming news headlines like: "Those blockchain coins claim irreversibility and free of censorship and now what?". ETH did shot not only in their leg, but in Bitcoin leg too. |
|
|
|
|
With the Ethereum hardfork we welcome the first official censorship applied to the 2nd biggest blockchain :facepalm:
|
|
|
|
The bearish picture remains the same with target 450 through a bear flag and enormous support at 420. Daily bands coiling, bold move expected soon. I even don't beleive )) |
|
|
|
|
most patient will be winner
|
|
|
|
MasterLuc, I had a very similar count, but then a community member (same as usual) highlighted an issue with it. how can you count five waves in the i waves without breaking overlap rule firstly, and also without making the third wave the shortest??? I tried very hard to do so, but rules were consistently broken...
I dont see overlaps and 3rd shortest in my count |
|
|
|
IMO a correction down to 420$ could invalidate the bullish scenario, so permabulls better hope it stops at 480$.
How 62% retracement of $190 -> $800 move could invalidate something?  |
|
|
|
According to this count:  The weekly sma20 is gonna be revisited first.  |
|
|
|
|
$683 is a 62% fib of current short term dump. So if price fail to break up this level, I have a bad news.
|
|
|
|
|
Show Posts
