Jesus Christ! Does the uninformed majority replies to my analysis ever heard of Elliott Waves? Does this mean that this forum is for half wits? Surely if you don't agree with a forecast you should explain your reasons for saying so. But simply dismissing and worse attacking me shows mediocrity on your part.

1 Hour chart. Wave (i) complete. I expect a small upward retracement for wave (ii) which should not exceed $603.71 then a strong continuation of the fall in wave (iii).

On the 4 Hour Chart below we have a developing wave 3 of (3) which should end somewhere in the $400s.

As I've always maintained, I expect bitcoin to fall to below $100 a piece. This chart is the long term one. Bitcoin is falling in wave (3) of {C} of II. Wave {A} is a leading diagonal. Wave {B} is a combination while wave {C} ( fall from 782.12 high, the part labelled (Y) {B} ) is a developing impulse wave where waves (1) and (2) are complete. If bitcoin reaches to below $100 (as I expect), that will be your best opportunity to snatch as many as you can. Remember that once wave II completes , bitcoin will then make a sizable gain to beyond $2000 a piece.

Thanks for the advice. The trolls are a real bother!

Bitcoin. Next leg down to below $400 imminent.

Hi guys,

I am new here and will be grateful for your welcoming me aboard. I am an Elliottician and I apply Elliott waves to currencies (forex), gold and bitcoin (BTC/USD). My current analysis suggests that bitcoin price is falling in a third wave and will likely fall to below $100 soon. NB: I know that's a shock to most  . However I will provide more information as time progresses. My chart below is self explanatory (for those who understand the basic Elliott Wave theme) but I will endeavor to bring everyone on board and not lose people through unnecessary jargon.

As shown, I expect bitcoin to bottom at about $85, being the area of the last fourth wave (i.e the converging trend lines) of the rise from about $0 to >$1000 a piece.