2018 Cryptocurrency Crash (Elliott Wave)

[rarkenin]

I normally expect big attention from market participants if 3rd wave of elliott wave gonna to cross the below of 2nd wave. Third wave always give impulse to market and market participants agree to trade that wave. I dont expect big moves during this month due to low volume on market.

[1548225646]

1548225646

[xxxx123abcxxxx]

Investor Bias: BTFD

[jbreher]

Investor Bias: BTFD

Bizzaro way of looking at it. Makes one think...

[BMG86]

So what is everyones expectations on where we will bottom out at? Bitcoin can't continue to fall forever, I'm thinking somewhere between 2-4k by sometime next year.

[xxxx123abcxxxx]

So what is everyones expectations on where we will bottom out at? Bitcoin can't continue to fall forever, I'm thinking somewhere between 2-4k by sometime next year.

Historically, when any asset bubble bursts, the unravelling bear market typically lasts 2 years on average (from peak price to ultimate low); and usually erases approx 90% in value (thebubblebubble.com/historic-crashes).

Applying the metrics to the cryptocurrency bubble, it would suggest Bitcoin between $850 and $2500 by 3Q2019. Average is $1000 in 2020.

[drays]

Applying the metrics to the cryptocurrency bubble, it would suggest Bitcoin between $850 and $2500 by 3Q2019. Average is $1000 in 2020.

Looks like you used some strange method to calculate the average, giving much more weight to lower values by some reason.
Also not sure how did you manage to get $850-$2500 from the 90% figure.
Is a different (nonstandard/proprietary) kind or math used here?

[Febo]

So what is everyones expectations on where we will bottom out at? Bitcoin can't continue to fall forever, I'm thinking somewhere between 2-4k by sometime next year.

Last time that can happen in Q2 2019, but should before. Maybe already in Q3 2018.  It should not go under $3000.

[xxxx123abcxxxx]

Last attempt at the Triangle formation would be for wave-d to find support near 5740 (BITSTAMP).

[xxxx123abcxxxx]

[Febo]

Did this Eliot guy found when will be bottom on this Bitcoin cycle yet?  Now we are not that far from it that a superior TA like this could not predict it at least approximately. Or am I wrong?

[xxxx123abcxxxx]

Did this Eliot guy found when will be bottom on this Bitcoin cycle yet?  Now we are not that far from it that a superior TA like this could not predict it at least approximately. Or am I wrong?

Bitcoin between $850 and $2500 by 3Q2019.

[Febo]

Did this Eliot guy found when will be bottom on this Bitcoin cycle yet?  Now we are not that far from it that a superior TA like this could not predict it at least approximately. Or am I wrong?

Bitcoin between $850 and $2500 by 3Q2019.

Uh, oh. In Q3 2019 we should be way into the recovery, knocking on the $8k doors.   But it is interesting, since this was actually the latest bottom event I heard of so far.  Of course is possible, but i give it little chances to happen.

[vit05]

Did this Eliot guy found when will be bottom on this Bitcoin cycle yet?  Now we are not that far from it that a superior TA like this could not predict it at least approximately. Or am I wrong?

Bitcoin between $850 and $2500 by 3Q2019.

What do you do with this information? Did you short BTC in any place? Predicting something like this could make you a billionaire. And if Bitcoin fails bellow 3k will also kill a lot of business and people.

[g-uid]

Did this Eliot guy found when will be bottom on this Bitcoin cycle yet?  Now we are not that far from it that a superior TA like this could not predict it at least approximately. Or am I wrong?

Bitcoin between $850 and $2500 by 3Q2019.

What do you do with this information? Did you short BTC in any place? Predicting something like this could make you a billionaire. And if Bitcoin fails bellow 3k will also kill a lot of business and people.

Suggest you read the entire thread. Lots of people have done really well in here.

[Febo]

Did this Eliot guy found when will be bottom on this Bitcoin cycle yet?  Now we are not that far from it that a superior TA like this could not predict it at least approximately. Or am I wrong?

Bitcoin between $850 and $2500 by 3Q2019.

What do you do with this information? Did you short BTC in any place? Predicting something like this could make you a billionaire. And if Bitcoin fails bellow 3k will also kill a lot of business and people.

What should you do? You have opportunity of a lifetime now. This guy here predict bottom will happen only a year from now that means you have 2 whole years to buy Bitcoin cheap. You sort of cant miss it unless you are totally ignorant.  But his prediction is most pessimistic of all I read so far. Some even predict that bottom already happened and in that care you dont really have much time left for your opportunity of a lifetime. Because if bottom already happened last week, we will see slow growth starting already at the end of the year or the beginning of next year.

[muf18]

Did this Eliot guy found when will be bottom on this Bitcoin cycle yet?  Now we are not that far from it that a superior TA like this could not predict it at least approximately. Or am I wrong?

Bitcoin between $850 and $2500 by 3Q2019.

What do you do with this information? Did you short BTC in any place? Predicting something like this could make you a billionaire. And if Bitcoin fails bellow 3k will also kill a lot of business and people.

What should you do? You have opportunity of a lifetime now. This guy here predict bottom will happen only a year from now that means you have 2 whole years to buy Bitcoin cheap. You sort of cant miss it unless you are totally ignorant.  But his prediction is most pessimistic of all I read so far. Some even predict that bottom already happened and in that care you dont really have much time left for your opportunity of a lifetime. Because if bottom already happened last week, we will see slow growth starting already at the end of the year or the beginning of next year.

You certainly dont have any experience on financial markets, do you?
Cause what you are saying is some random opinion, you have no proof or analysis to support your thesis.

[xxxx123abcxxxx]

What should you do? You have opportunity of a lifetime now. This guy here predict bottom will happen only a year from now that means you have 2 whole years to buy Bitcoin cheap. You sort of cant miss it unless you are totally ignorant.  But his prediction is most pessimistic of all I read so far. Some even predict that bottom already happened and in that care you dont really have much time left for your opportunity of a lifetime. Because if bottom already happened last week, we will see slow growth starting already at the end of the year or the beginning of next year.

The analysis thus far suggests the cryptocurrency bear market is likely to conclude by late 2019 or early 2020.
The expected decline is approx +90% from the all-time $20,000 high set on 17th Dec 2017; i.e. approx $1000.
As of writing, July 2018, the decline is at approx +60% —so just over half-way through yet.

This is based on historical manias:

—http://www.thebubblebubble.com/historic-crashes/
—https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets

The majority of cryptocurrencies currently hovering around $2 billion marketcap are likely to become delisted before hitting zero: https://deadcoins.com/

It is difficult to project whether or not Bitcoin survives the crash.

Commodities and currencies and assets deemed as a store of value, unfold in corrective ABC Elliott Waves in both bull and bear markets. Whereas assets such as stocks based on earnings unfold in 12345 impulsive Elliott Waves in bull markets, and corrective ABC Elliott Waves in bear markets.

Bitcoin and the popular cryptocurrencies have unfolded in 12345 impulsive Elliott Waves in bull markets, and corrective ABC Elliott Waves in bear markets. Hence, cryptocurrencies aren't by behavior working like currencies nor commodities; and so therefore in their current nature, shall never be adopted as mediums of exchange for goods/services or as a storage medium of value.

Quite possibly, a second generation of viable cryptocurrencies may emerge post 2020. Either way, the days of speculative parabolic price curves in the cryptocurrency markets is over, and any hopes of a return to $20,000 is foolish hodlr's fodder.

[jaocoincrypto18]

So what is everyones expectations on where we will bottom out at? Bitcoin can't continue to fall forever, I'm thinking somewhere between 2-4k by sometime next year.

So granted this crash is for real, that this is now the present market and Bitcoin performance, that i'm glad that $2-4k falls in not happening in which we are already past half of this year. So maybe we can just hope now that the bearish predictions are done and the 2018 Crypto crashes are done that finally we are now waiting for the bounce back after these series of market difficulties since the beginning of this year.

[anisoptera]

well we all knew from the beggining that bitcoin was going to crash for another time, and it was not a mistake and we all should know that this kind of stuff always happens when there is a huge bullrun just like it happened before, so it happens

[Febo]

What should you do? You have opportunity of a lifetime now. This guy here predict bottom will happen only a year from now that means you have 2 whole years to buy Bitcoin cheap. You sort of cant miss it unless you are totally ignorant.  But his prediction is most pessimistic of all I read so far. Some even predict that bottom already happened and in that care you dont really have much time left for your opportunity of a lifetime. Because if bottom already happened last week, we will see slow growth starting already at the end of the year or the beginning of next year.

The analysis thus far suggests the cryptocurrency bear market is likely to conclude by late 2019 or early 2020.
The expected decline is approx +90% from the all-time $20,000 high set on 17th Dec 2017; i.e. approx $1000.
As of writing, July 2018, the decline is at approx +60% —so just over half-way through yet.

This is based on historical manias:

—http://www.thebubblebubble.com/historic-crashes/
—https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets

Bottom at Q3 2019 should bring first sights of recovery only in Q3 of 2020, so after halving what seems a bit strange. And Bitcoin back at $20000 only at the end of 2022. We all know that hype will start only after Bitcoin reach new ATH.

Did this Eliot guy found when will be bottom on this Bitcoin cycle yet?  Now we are not that far from it that a superior TA like this could not predict it at least approximately. Or am I wrong?

Bitcoin between $850 and $2500 by 3Q2019.

What do you do with this information? Did you short BTC in any place? Predicting something like this could make you a billionaire. And if Bitcoin fails bellow 3k will also kill a lot of business and people.

What should you do? You have opportunity of a lifetime now. This guy here predict bottom will happen only a year from now that means you have 2 whole years to buy Bitcoin cheap. You sort of cant miss it unless you are totally ignorant.  But his prediction is most pessimistic of all I read so far. Some even predict that bottom already happened and in that care you dont really have much time left for your opportunity of a lifetime. Because if bottom already happened last week, we will see slow growth starting already at the end of the year or the beginning of next year.

You certainly dont have any experience on financial markets, do you?
Cause what you are saying is some random opinion, you have no proof or analysis to support your thesis.

What thesis. I had not presented any so far here. This guy told us when he expect bottom and I posted also that some people already called bottom last week. I actually called it in some of my other posts but not here. So I dont really understand your point unless you mixed me and the OP and think we are same person.