2018 Cryptocurrency BOOM (To the moon - Elliot Wave Theory Confirmed!)

[Enjel]

In 2018, the price of Bitcoin is, by technical indicators, going up to $40000, where it may enter a bubble period.

Right now, the price of Bitcoin is just above $10000. That's a 4x increase scheduled for 2018.

Check out the analysis and graphs (with timestamps!) on the following page: https://vk.com/bitcoin_vanga

-Predicted the $9k bottom a few days ago, in advance.
-Predicted the $15k-$20k Bitcoin price months in advance.
-Predicted the 2013 crash and multi-year bear market.

-Currently predicts $40k minimum Bitcoin price before 2019, with a short-term ABSOLUTE LOW bottom at $8k - most likely won't happen.


According to Elliot Wave Theory, 5 upwaves and 3 downlegs occur with every "cycle". Well, we are currently in the middle of the LAST DOWNLEG.

We already had a leg down during December 2017, followed by a slight recovery to ~17k... then another downleg to prices of ~14k...

and now the consolidation phase is almost over, despite historical January lows.


Right now is actually the time to BUY BITCOIN. Do you guys remember in 2017, when Bitcoin was $1000, and some of your friends said "too expensive!" and ended up buying Bitcoin at $19000?

The third Elliot Wave correction is heading to $8000 at the LOWEST, and is going UP to the moon afterwards!

This could happen within the next month even, so be sure to stock up on Bitcoin.

[davis196]

I don`t wanna use technical analysis without fundamental analysis.The bitcoin price isn`t just charts,waves and downlegs.There are many factors outside the cryptocurrency markets.Lots of FUD from governments and banks,more regulations.The bitcoin/blockchain adoption among the real businesses actually stopped and bitcoin is now only a speculative asset.We need a big breakthrough in the blockchain,that will speed up transactions,lower the fees and make bitcoin attractive to all the online/offline business owners.

[carter34]

The transaction charges, delays in delivery are obviously a debacle to bitcoin. The usage are beginning to take a back side; thus, making the altcoins useful these days especially from the last months of last year.

I so believe this is the year to see the beginning of mooning for altcoins. It is even better for some of us who don't have bitcoin. Giving altcoin some relevance I think is good for the market so that monopoly would be reduced too.

[Remember remember the 5th of November]

The TA might say moon, what has to happen is for people to buy at said price. Like the user above me, it isn't just charts and drawings.

[KobeBriant 24]

The TA might say moon, what has to happen is for people to buy at said price. Like the user above me, it isn't just charts and drawings.

Yeah, but there are always some kind of changes on the trends and that can not be predicted by just some "Elliot Waves" Be realistic, it is impossible to follow and track the emotions on the market.

So no, for me, it will touch that price, but it will be a slowly process.

[Pursuer]

the way I see Technical Analysis is that it is and always has been a total bullshit that has no reason to be true. at least 90% of it is. that is why many call TA pseudoscience!

BUT the thing is, a lot of people follow it so it comes true!
imagine if majority expect a price drop. what would they do? they sell so price drops.
what if they expect a price rise? they buy so it goes up.

so I say TA is not predicting the future, it is shaping it. in this case when the third down happens the expectation is a rise. now combine that with all the $10k is the bottom, January is the time to drop and February is the rising month each year, the LN news, the adoption,.... and you get yourself a prediction that is coming true.

[h0lybyte]

I believe the technical analyses as these predictions come from whale imvestors, the market is almost in their hands, 50% bitcoin belongs to these market analysers, they are able to pump nd dump the crypto market in brief time.  February will really be starting of price rise and bitcoin expected to rise very high in 2018, others who ignore this precise prediction will cry later

[RyNinDaCleM]

the way I see Technical Analysis is that it is and always has been a total bullshit that has no reason to be true. at least 90% of it is. that is why many call TA pseudoscience!

BUT the thing is, a lot of people follow it so it comes true!
imagine if majority expect a price drop. what would they do? they sell so price drops.
what if they expect a price rise? they buy so it goes up.

so I say TA is not predicting the future, it is shaping it. in this case when the third down happens the expectation is a rise. now combine that with all the $10k is the bottom, January is the time to drop and February is the rising month each year, the LN news, the adoption,.... and you get yourself a prediction that is coming true.

The thing you are missing is WHAT makes them think it's time to buy or sell. If the price is rising and TA doesn't tell you anything, then why does it tell us? Why doesn't price just keep rising?...since apparently, by your belief, there is endless demand no matter the price. In actuality, we see weakening trends because indicators are directly tied to rate of change/strength/momentum...etc. We see that buyers are running out for the time being and we take profit. Likewise, we see sellers hitting a price level that they just aren't willing to continue selling at or below so we buy. Besides 5 up and 3 down, there are other factors. What makes it "Psuedoscience" is akin to medicine. It will never be a perfect science, and neither will a doctor say medicine is a perfect science, but like science, we make our hypothesis based on the information we have on hand.

@OP
There is already a masterluc analysis thread, so go there to worship.

[BitHodler]

I believe the technical analyses as these predictions come from whale imvestors, the market is almost in their hands, 50% bitcoin belongs to these market analysers, they are able to pump nd dump the crypto market in brief time.  February will really be starting of price rise and bitcoin expected to rise very high in 2018, others who ignore this precise prediction will cry later

Do you seriously believe that those with the financial resources to move the market, will just publicly share very crucial information with others? They thrive on surprise attacks on the many rookies that this market counts.

This market has been doing the opposite of what people believed would happen, and that time on time again. It's a given rule that one doesn't share valuable information leading to millions and millions in profits.

That's why I don't look at technical analysis very often. In recent times it hasn't really been a trustworthy source of information, and that while people were so confident about their lines and patterns and whatnot.

[Enjel]

the way I see Technical Analysis is that it is and always has been a total bullshit that has no reason to be true. at least 90% of it is. that is why many call TA pseudoscience!

BUT the thing is, a lot of people follow it so it comes true!
imagine if majority expect a price drop. what would they do? they sell so price drops.
what if they expect a price rise? they buy so it goes up.

so I say TA is not predicting the future, it is shaping it. in this case when the third down happens the expectation is a rise. now combine that with all the $10k is the bottom, January is the time to drop and February is the rising month each year, the LN news, the adoption,.... and you get yourself a prediction that is coming true.

The thing you are missing is WHAT makes them think it's time to buy or sell. If the price is rising and TA doesn't tell you anything, then why does it tell us? Why doesn't price just keep rising?...since apparently, by your belief, there is endless demand no matter the price. In actuality, we see weakening trends because indicators are directly tied to rate of change/strength/momentum...etc. We see that buyers are running out for the time being and we take profit. Likewise, we see sellers hitting a price level that they just aren't willing to continue selling at or below so we buy. Besides 5 up and 3 down, there are other factors. What makes it "Psuedoscience" is akin to medicine. It will never be a perfect science, and neither will a doctor say medicine is a perfect science, but like science, we make our hypothesis based on the information we have on hand.

@OP
There is already a masterluc analysis thread, so go there to worship.

This is just a direct response to the guy who made a "2018 crypto crash" thread, and filled it with graphs that he changes every few days to fit his narrative.

Everyone and every (pseudo)science is fallible, obviously.

[ktabb]

TA can't reliably be used to predict moves as large as 400% or over as long of a time period as a full year. For big moves like that and long term moves, fundamentals are what drive markets. The direction of bitcoin is going to depend on how people deal with the transaction fee/time problems, how governments react to the rise of bitcoin (do they ban it or regulate it?), how many financial services get involved in the crypto space, etc.

[Enjel]

Now that more and more FUD is going away, transaction fees are going down, and "bans" are getting reversed, expect the Bitcoin price to take a leg up soon, and be on its way to $40k sometime in 2018.