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Author Topic: 2018 Cryptocurrency Crash (Elliott Wave)  (Read 25647 times)
g-uid
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October 14, 2018, 02:35:18 PM
 #661

Once any of aforementioned resistance levels are reached, the interrupted downtrend ought to resume towards an initial target of 5200 approx. This would complete an overall A-B-C structure which began on 24-JUL. Taking out the high of 02-SEP would suggest another structure at play.


So your prediction went wrong once again? Price should be sub $5000 by now according to the chart. Why all 30 days predictions you make end up wrong? That is sort of statistically impossible. Even a broken clock is right twice a day.

So far the "broken clock" has been right more than he has been wrong. Read the thread carefully.
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muf18
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October 14, 2018, 03:41:36 PM
 #662

Well @g-uid, it's better (for some people) to say anything and doesn't provide any worth noting analysis or insight, they want just to nitpick others TA and analysis.

Even tho trend is currently settling, but on larger TF we are still in downtrend.
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October 14, 2018, 04:26:48 PM
 #663

In any case I would go to analyze the primary trend and the final fund that said OP ..... that's where you will really see all his analysis.
Recall that OP called the Bitcoin descent in mid-January 2018 when Btc stood at around $ 17,000 and when everyone gave it ready to start again to score new max; also in January he started to call and showed a chart in which he predicts Bitcoin at about $ 2000 towards the end of 2018 and then even lower in 2019, or ETH at about $ 200 in May 2018 (but then reached in September), or Eos at about $ 4.5 in March (but reached in August), or Neo at 45 $ in February (but then reached in early April), or XRP at about 0.30 in February (but reached in September).

All this when nobody talked about rebels, and above all of such entities and duration!

The key thing to see is if Bitcoin really arrives at about $ 2,000 or not: if it arrives in March 2019 instead of at the end of 2018 as initially planned, I do not care.
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October 14, 2018, 06:53:10 PM
 #664

Could we see an updated chart soon please?  It is interesting to see how TA predicts the current situation while prices seesm to jump randomly lol.

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bitChipper
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October 15, 2018, 03:28:50 PM
 #665

Curious what OP thinks about how bitcoin seems to be correlated to the recent dip in the stock market?

Also it seems 6k is an extremely strong floor, probably alot harder to be broken than op thought maybe? What if an ETF passes in the winter? How could this affect this current wave hypothesis?

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WinslowIII
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October 15, 2018, 04:55:30 PM
 #666

So the original poster correctly predicts the price collapse at the top of the pump based on logical analysis and past history. Those listening to him shorted it to great benefit to themselves. Alas, so many posters calling him a fudder, questioning his motives, etc etc etc. Such a sad group of bulltards in this subforum. The good news is there are those who think logically and post benefitial advice - you just have to sift through the sadsack replies to get to the truth.
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October 15, 2018, 05:03:51 PM
 #667

Well @g-uid, it's better (for some people) to say anything and doesn't provide any worth noting analysis or insight, they want just to nitpick others TA and analysis.

Even tho trend is currently settling, but on larger TF we are still in downtrend.


So far the "broken clock" has been right more than he has been wrong. Read the thread carefully.



LOL again. He was not right even once to predict price only 30 days ahead. And you two keep pretending opposite. That is simply amazing!!

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WinslowIII
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October 15, 2018, 05:58:46 PM
 #668

Curious what OP thinks about how bitcoin seems to be correlated to the recent dip in the stock market?

Also it seems 6k is an extremely strong floor, probably alot harder to be broken than op thought maybe? What if an ETF passes in the winter? How could this affect this current wave hypothesis?


The OP hasn't been signed on since early Sept, my bet is he dumped near the top of the pump and is waiting till next year to buy back, and is too busy enjoying his profits to worry about the current price.
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October 15, 2018, 06:33:57 PM
Last edit: November 01, 2018, 09:23:18 AM by drays
 #669

So the original poster correctly predicts the price collapse at the top of the pump based on logical analysis and past history. Those listening to him shorted it to great benefit to themselves. Alas, so many posters calling him a fudder, questioning his motives, etc etc etc. Such a sad group of bulltards in this subforum. The good news is there are those who think logically and post benefitial advice - you just have to sift through the sadsack replies to get to the truth.
Curious what OP thinks about how bitcoin seems to be correlated to the recent dip in the stock market?

Also it seems 6k is an extremely strong floor, probably alot harder to be broken than op thought maybe? What if an ETF passes in the winter? How could this affect this current wave hypothesis?


The OP hasn't been signed on since early Sept, my bet is he dumped near the top of the pump and is waiting till next year to buy back, and is too busy enjoying his profits to worry about the current price.

You lost your bet. OP admittedly wasn't a holder of any crypto, so could not dump it at the top. Also he has never planned to buy them back, as he told for the old cryptocurrency (like bitcoin and all the currently existing alts) the game is over (well, he *might* buy back Bitcoin at $500-800 - as thats the price he expects BTC to drop to). This OP is not a crypto holder or believer, but is generally non-crypto trader making an experiment to apply EW to crypto markets, and to check his own "predictions". Now decide yourself whether you prefer to eat the "truth" out of his hand.
And read thread better better next time, before making your 'valuable' conclusions and posts Kiss

... this space is not for rent ...
WinslowIII
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October 15, 2018, 07:51:17 PM
 #670

So the original poster correctly predicts the price collapse at the top of the pump based on logical analysis and past history. Those listening to him shorted it to great benefit to themselves. Alas, so many posters calling him a fudder, questioning his motives, etc etc etc. Such a sad group of bulltards in this subforum. The good news is there are those who think logically and post benefitial advice - you just have to sift through the sadsack replies to get to the truth.
Curious what OP thinks about how bitcoin seems to be correlated to the recent dip in the stock market?

Also it seems 6k is an extremely strong floor, probably alot harder to be broken than op thought maybe? What if an ETF passes in the winter? How could this affect this current wave hypothesis?


The OP hasn't been signed on since early Sept, my bet is he dumped near the top of the pump and is waiting till next year to buy back, and is too busy enjoying his profits to worry about the current price.

You lost your bet. OP admittedly wasn't a holder of any crypto, so could not dump it at the top. Also he has never planned to buy them back, as he told for the old cryptocurrency (like bitcoin and all the currently existing alts) the game is over (well, he *might* buy back Bitcoin at $500-800 - as thats the price he expects BTC to drop to). This OP is not a crypto holder or believer, but is generally non-crypto trader making an experiment to apply EW to crypto markets, and to check his own "predictions". Now decide yourself whether you prefer to eat the truth out of his hands.
And read thread better better next time, before making your 'valuable' conclusions and posts Kiss

Well he had some great advice at the right time, it's too bad he forgot to buy btc when it was cheap - sux to be him I guess, thanks for the info.
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October 15, 2018, 08:06:18 PM
 #671

No material change yet, still expecting sub 6000, followed by new lows for 2018.

The overall A-B-C wave structure which began at the 24-JUL high remains in place; the wave-C leg has subdivided into a smaller a-b-c structure.

Notes:

    —Upcoming approx support zones (BITFINEX): 5890, 5178, 4257
    —CBOE futures expiry: 17-OCT-2018
    —CME futures last trade date: 26-OCT-2018
    —Global stockmarket indices appear to have topped, and bear market underway.

Speculation is indicative of price and structure, not time; i.e. the projection may occur sooner or later than anticipated.

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October 15, 2018, 08:16:15 PM
 #672

Next time don't forget to buy bitcoins. Your exit strategy doesn't help if you don't have anything to exit with.  Grin
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October 15, 2018, 09:53:14 PM
 #673

Once any of aforementioned resistance levels are reached, the interrupted downtrend ought to resume towards an initial target of 5200 approx. This would complete an overall A-B-C structure which began on 24-JUL. Taking out the high of 02-SEP would suggest another structure at play.

So your prediction went wrong once again? Price should be sub $5000 by now according to the chart. Why all 30 days predictions you make end up wrong? That is sort of statistically impossible. Even a broken clock is right twice a day.
What would you expect? Elliot wave is only applicable on somehow stabilized markets like stocks or forex but applying to crypto market then most likely these analysis would really be destined to be broken  Cool
This isnt new and even upto now we are being flooded by endless predictions made by those so-called experts.

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iePlay Nowei
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October 16, 2018, 04:51:18 PM
 #674

No material change yet, still expecting sub 6000, followed by new lows for 2018.

The overall A-B-C wave structure which began at the 24-JUL high remains in place; the wave-C leg has subdivided into a smaller a-b-c structure.

Notes:

    —Upcoming approx support zones (BITFINEX): 5890, 5178, 4257
    —CBOE futures expiry: 17-OCT-2018
    —CME futures last trade date: 26-OCT-2018
    —Global stockmarket indices appear to have topped, and bear market underway.

Speculation is indicative of price and structure, not time; i.e. the projection may occur sooner or later than anticipated.



this is a truncated and too recent curve, not showing the full picture since the onset of bear market.

BTC is now in a triangle, approaching of the exit which will occur soon.

will it be upwards or downwards ?
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October 19, 2018, 09:12:27 PM
Last edit: October 23, 2018, 07:58:22 PM by drays
 #675

https://cryptoslate.com/crypto-community-reacts-to-vays-shorting-bitcoin-at-yearly-low/

It looks more solid traders join the opinion BTC will drop to low 5000 area soon. The community's negative reaction to this, is just the indication of mass sentiment, and as mass sentiment is usually wrong, it just means the probability of the drop is very high. Well, whether we want it or not, the bear market is not over, as we all already know... Undecided

... this space is not for rent ...
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October 23, 2018, 03:28:32 PM
 #676

https://cryptoslate.com/crypto-community-reacts-to-vays-shorting-bitcoin-at-yearly-low/

It looks more solid traders join the opinion BTC will drop to low 5000 area soon. The community negative reaction to this, is just the indication of mass sentiment, and as mass sentiment is usually wrong, it just means the probability of the drop is very high. Well, whether we want it or not, the bear market is not over, as we all already know... Undecided


I believe now with BAKKT 12th December, there will be a lot of bull run predictions.  I personally have no idea. My call for September bottom failed miserably. Bottom can happen up to mid next year. Latter then that I believe   are as tiny chance as to win a lottery.

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October 26, 2018, 08:59:12 AM
Merited by JayJuanGee (1)
 #677

https://cryptoslate.com/crypto-community-reacts-to-vays-shorting-bitcoin-at-yearly-low/

It looks more solid traders join the opinion BTC will drop to low 5000 area soon. The community negative reaction to this, is just the indication of mass sentiment, and as mass sentiment is usually wrong, it just means the probability of the drop is very high. Well, whether we want it or not, the bear market is not over, as we all already know... Undecided


I believe now with BAKKT 12th December, there will be a lot of bull run predictions.  I personally have no idea. My call for September bottom failed miserably. Bottom can happen up to mid next year. Latter then that I believe   are as tiny chance as to win a lottery.


Never as now the market is really uncertain and everyone has his own theory; many declare that there will be a new bottom in the $ 4,000 area while many others have become rally for this BAKKT announcement towards the end of the year.

Personally I expect a clear and strong direction of Bitcoin within 2 weeks maximum; there is too much stasis and stillness ... it seems that moment before the storm.
I am not unbalanced in saying which direction it will move, but I believe that any movement occurring soon will be a trap, to which a decisive change will follow shortly thereafter.
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October 26, 2018, 07:42:57 PM
Merited by LFC_Bitcoin (1)
 #678

https://cryptoslate.com/crypto-community-reacts-to-vays-shorting-bitcoin-at-yearly-low/

It looks more solid traders join the opinion BTC will drop to low 5000 area soon. The community negative reaction to this, is just the indication of mass sentiment, and as mass sentiment is usually wrong, it just means the probability of the drop is very high. Well, whether we want it or not, the bear market is not over, as we all already know... Undecided


I believe now with BAKKT 12th December, there will be a lot of bull run predictions.  I personally have no idea. My call for September bottom failed miserably. Bottom can happen up to mid next year. Latter then that I believe   are as tiny chance as to win a lottery.


Never as now the market is really uncertain and everyone has his own theory; many declare that there will be a new bottom in the $ 4,000 area while many others have become rally for this BAKKT announcement towards the end of the year.

Personally I expect a clear and strong direction of Bitcoin within 2 weeks maximum; there is too much stasis and stillness ... it seems that moment before the storm.
I am not unbalanced in saying which direction it will move, but I believe that any movement occurring soon will be a trap, to which a decisive change will follow shortly thereafter.

You are familiar with the saying that "the market can remain irrational for longer than you can remain solvent", right?

Even though the BTC price has been stuck in a long ass band (consolidation), there is NO "need" for it to have to move within 2 weeks, even if there continues to be a large number of institutional investors buying BTC behind the scenes.  You also understand that sometimes very bullish news is spun in the opposite direction in order for BIG money to continue to trick peeps out of their coins.

I am NOT disagreeing with your overall thesis that in the longer term there are really decently strong odds that BTC prices are going to have to go UP.. but I am far from relying on any kind of rationality, whether talking about technical analysis or merely questions about why all the buy pressures and happenings are NOT causing the BTC price to go up.

In other words, HODL your bitcoin, buy BTC on dips and if anyone is panic selling their BTC, let it be someone else...  Wink Wink

Put BTC here: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA

How much alt coin diversification is necessary? if you are investing in Bitcoin, then perhaps 0%?
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October 27, 2018, 04:02:29 PM
Merited by JayJuanGee (1)
 #679

https://cryptoslate.com/crypto-community-reacts-to-vays-shorting-bitcoin-at-yearly-low/

It looks more solid traders join the opinion BTC will drop to low 5000 area soon. The community negative reaction to this, is just the indication of mass sentiment, and as mass sentiment is usually wrong, it just means the probability of the drop is very high. Well, whether we want it or not, the bear market is not over, as we all already know... Undecided


I believe now with BAKKT 12th December, there will be a lot of bull run predictions.  I personally have no idea. My call for September bottom failed miserably. Bottom can happen up to mid next year. Latter then that I believe   are as tiny chance as to win a lottery.


Never as now the market is really uncertain and everyone has his own theory; many declare that there will be a new bottom in the $ 4,000 area while many others have become rally for this BAKKT announcement towards the end of the year.

Personally I expect a clear and strong direction of Bitcoin within 2 weeks maximum; there is too much stasis and stillness ... it seems that moment before the storm.
I am not unbalanced in saying which direction it will move, but I believe that any movement occurring soon will be a trap, to which a decisive change will follow shortly thereafter.

You are familiar with the saying that "the market can remain irrational for longer than you can remain solvent", right?

Even though the BTC price has been stuck in a long ass band (consolidation), there is NO "need" for it to have to move within 2 weeks, even if there continues to be a large number of institutional investors buying BTC behind the scenes.  You also understand that sometimes very bullish news is spun in the opposite direction in order for BIG money to continue to trick peeps out of their coins.

I am NOT disagreeing with your overall thesis that in the longer term there are really decently strong odds that BTC prices are going to have to go UP.. but I am far from relying on any kind of rationality, whether talking about technical analysis or merely questions about why all the buy pressures and happenings are NOT causing the BTC price to go up.

In other words, HODL your bitcoin, buy BTC on dips and if anyone is panic selling their BTC, let it be someone else...  Wink Wink



Hi JayJuanGee, I know that saying but I expect the market to take a lead within the next 2 weeks because at the beginning of November the descending triangle from February to today closes; then Bitcoin will be called soon to a decision that, imho, will initially be a trap that will take us for a few months, while in the end we will have the clear direction of the market, perhaps for the whole 2019.



Finally, in the long run, except for unimaginable and unpredictable shocks, Bitcoin will be loooonger than today, so I hold my bitcoins.  Wink

https://bitcointalk.org/index.php?topic=4849889.msg43731865#msg43731865
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October 27, 2018, 10:49:49 PM
 #680

The OP may be so desperate to buy bitcoin and other crypto at a very cheap price for he might be a very bad experienced in crypto. He might be one of the people who didn't invest in bitcoin while it was cheap and regret to see bitcoin's market value now.

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