I very like what happened with gold at monday. This is bullish sign, but only a sign.

I am completely 50/50 in estimations. Or may be 52/48 in bull side. Be careful! Its a very important moment. Don't act unless either trendline break.

d/bb collapsing, market on verge of decision whether to  break support or resistance. This is question of days.

Monitoring situation.

Mid-term counter-trend move (bear flag). This is inside long term bull wedge.



Close look.

I am still unsure, monitoring compiling picture.

The bounce off 275 more and more reminds me flat correction (abc) rather impulse. Just because length of (b) is 100% length of (a). In impulse (b) is (3) and should be larger.

Moreover, the picture now shows the bear counter-trend flag. Also still no success with breaking -1 long term deviation.



Overlap (c) and (3) may give optimism. Technically this giant bull wedge is complete in 5 waves (w-x-y-xx-z) so it may break up very impressively in any time.

But more downside is also possible. So I am unsure. So breaking up 462 would be very bullish. On other side, one more plunge to sub-200 is not excluded.

Actually this case should pierce 480-500 like a cake - my mind doesn't beleieve in that  But it looks more and more like reality.

Case #2. We had completed Historical 2 (from historical 1 $1200 high) in tripple zigzag wedge. And there should be some fucking impressive historical 3.

Case #1. Impulse down from 680 high complete and this is flat correction with top at 480-500.

Probably 480-500.

Actually I confused now. Have many versions of further development. Need some time to understand what happening.

Impressive. So impulse down was complete.

Approaching to 100k transactions per day. While Gavin said 1M blocksize limit is a hard limit of approx 7 trx per second or 600k per day. Bitcoin is full 1/6 of its capacity.

My words explained in short term

Odds are 40% for 420 broken and then 500 reached.

60% for incomplete impulse down from 680 will continue after triangle (triangle not formed well yet)

Market changes quick. Way to 500 will mean reversal. My estimated odds are about 40%. It should realize if 420 lower high will be broken to upside.

Most preferable count for me now I posted above. 60%.

local top

h&s target reached

How did you get it? =)


Guano apes

No fuck  I'm drunk. This topic will not have the end!

Sure world will never end. End has our life and NOT this topic. Amen  

World expects the end. But analysis... analysis never ends