2018 Cryptocurrency Crash (Elliott Wave)

[xxxx123abcxxxx]

Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).

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Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).
 

Speculative and idealised Elliott Wave models indicative of probable price and structure, not timing; are attached of popular crypto pairs:

BTC: https://i.imgur.com/kmKLFZl.png
BCH: https://i.imgur.com/D7w1T6x.png
ETH: https://i.imgur.com/087Jnf5.png
ADA: https://i.imgur.com/bZe9pSO.png
LTC: https://i.imgur.com/Zqqi8uC.png
XRP: https://i.imgur.com/t0oKJrm.png
IOT: https://i.imgur.com/9bEEdbY.png
 

[MrBigHang]

Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).

So are you buying back in when it hit's 7k?

[xxxx123abcxxxx]

Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).

So are you buying back in when it hit's 7k?

Hodling and adding to short positions since Jan 8th for the long-term.
Current trade is a separate short-term swing trade to close near $8000.
May occasionally play the bounces as short-term swing trades —quite risky as dead-cat bounces in bear markets are tricky.

[xxxx123abcxxxx]

Anatomy of the crash: The wave structure of the core part of the bitcoin crash is exhibiting 'beautiful' Fibonacci relationships. It appears the structure of each declining a-b-c wave formation is creating golden ratio relationships where the length of the c-wave is 0.618 times the length of the a-wave. This produces short-lived, short-length, but sudden intense final c-wave capitulation points (illustration attached) —wonderful phinance! The crash is now half-way through, with core "fear" stage yet to unfold.

https://i.imgur.com/KFVImjz.png

As previously observed, the structure of declining a-b-c wave formations at lower degrees (i.e. Minute and Minor degrees) have been creating golden ratio relationships; where the length of the c-wave being 0.618 times the length of the a-wave; i.e.



Should this relationship between waves continue to unfold at a higher degree, then the larger Major degree a-b-c structure (black labels) forming since 08-JAN-2018 may complete at $8060.1; i.e.



Also, observed:
—At $8061, wave-c equals wave-a in length of the larger a-b-c Cycle degree (cyan labels) structure.
—At $7599, represents a 61.8% decline of the entire Bitcoin market.

The average of these three price points (i.e. $8060.1/$8061/$7599) is $7907 —the target of the short position opened at $12485.

[spazzdla]

In my opinion someone who isn't bullish on BTC should stay out of it completely. I don't know why anyone would want to short this market. Just HODL as many BTC as you can and ignore the nonsense.

You really under estimate how bad the mood can get...

IMO you should have a buy order in at $4k and a sell in at $250k

Buy the dips, prepare for the dips, winter is coming.

[Sukut]

2018 Crypto Crash, Elliott Wave

"mooning... to the dark side of the moon"

• Cryptocurrency bubble appears to be over, and a spectacular crash and bear market seems imminent.
• Bitcoin may bounce towards approx $15500 on Bitfinex, followed by a crash towards $7000-$8000, and then eventually to $2000-$4000.
• Majority of other cryptocurrencies may cease to exist.

• Please up-vote on Reddit: https://redd.it/7ptsg3

• Roadmap of popular currencies are below; indicative of price and structure, not time.

     BTC:
     BCH:
     ETH:
     ADA:
     FCT:
     IOT:
     LTC:
     RDD:
     TRX:
     XEM:
     XLM:
     XRP:
     XVG:
 
     Much obliged if somebody with a more established account can properly paste the above temporary linked images into the forum here —would be good to see if the analysis stands the test of time!

     P.S. It is most unfortunate that people of Reddit have chosen to bury, down-vote and delete all posts of this subject matter. Come on Redditors, up-vote and let's go!
     

LOL you literally spent time to generate those funny looking random graphs. And you're begging people to up-vote you on Reddit. Thanks bruh, you made my night.

[xxxx123abcxxxx]

LOL you literally spent time to generate those funny looking random graphs. And you're begging people to up-vote you on Reddit. Thanks bruh, you made my night.

If you had followed those 'funny looking random graphs', you'd be up 50% in Bitcoin alone during the past week.
In addition, the short position from two days ago is now up 15% and will net another 25% if $8000 is met.

Up-votes could have increased visibility of the post, thus preventing losses and gains sent to charity —don't you wish you saw this post earlier?

[Enjel]

LOL you literally spent time to generate those funny looking random graphs. And you're begging people to up-vote you on Reddit. Thanks bruh, you made my night.

If you had followed those 'funny looking random graphs', you'd be up 50% in Bitcoin alone during the past week.
In addition, the short position from two days ago is now up 15% and will net another 25% if $8000 is met.

Up-votes could have increased visibility of the post, thus preventing losses and gains sent to charity —don't you wish you saw this post earlier?

You would be up a lot of Bitcoin no matter what, as long as you learned to buy low, sell high. A lot more than 50% over the past week, since you could have made 50% two days ago by buying the dip and selling the top.

The thing is that experienced traders beat short-sellers all the time in this market in almost all conditions.

Then, that 1% of the time, when short-sellers don't get destroyed, they get to have some fun FUD-spreading. That's fine.

https://vk.com/bitcoin_vanga

^People should listen to this guy, who currently predicts a run to $40k before 2019, has correctly predicted the 2013 crash and 2-year bear period, and just recently predicted a drop to $9k (support) the day before it happened.

He didn't change his predictions back and forth either.

He says that $8k is the unlikely bottom, and that most likely we'll see some weak bears and a boom up and away.

[Enjel]

BTW, you're miscounting the Elliot Waves.

The 5 downwaves (up-down pattern, I mean - 3 downlegs) have already come, with the final one in progress possibly - you're a few behind, if you want to use EWT.


Next time the price goes up, make some new graphs lol. How many ones did you discard? (I know at least a few based on recent days)

[xxxx123abcxxxx]

Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).

With gains of +15% thus far, the short position from $12485 remains active with a stop-loss at $13017.
Target range remains at ($8061/$7599) $7907 on average for an additional 25% gain.





Speculative and idealised Elliott Wave models indicative of probable price and structure, not timing; are attached of popular crypto pairs:

BCH: https://i.imgur.com/D7w1T6x.png
ETH: https://i.imgur.com/087Jnf5.png
ADA: https://i.imgur.com/bZe9pSO.png
LTC: https://i.imgur.com/Zqqi8uC.png
XRP: https://i.imgur.com/t0oKJrm.png
IOT: https://i.imgur.com/9bEEdbY.png
  
 

[MrBigHang]

Short position ordered at $12485 with a stop-loss at $13017 on BTC/USD (Bitfinex).

With gains of +15% thus far, the short position from $12485 remains active with a stop-loss at $13017.
Target range remains at ($8061/$7599) $7907 on average for an additional 25% gain.

Idealised and speculative Elliott Wave model indicative of price and structure, not time:

Are you expecting a big bounce once it hits 8k?

[xxxx123abcxxxx]

Are you expecting a big bounce once it hits 8k?

If support is found at ($7599/$8061) $7907 on average, then the expectation is a bounce to ($9946/$12293) $11120 on average; i.e. assuming the following Elliott Wave model remains on track:

https://i.imgur.com/aICuMjr.png
 

[xxxx123abcxxxx]

Dotcom vs Crypto

https://redd.it/7skzff

[Enjel]

Dotcom vs Crypto

So Bitcoin will be 100x in a decade? That's what I'm predicting too.

[xxxx123abcxxxx]

So Bitcoin will be 100x in a decade? That's what I'm predicting too.

Yes, just like tulips.
https://youtu.be/I5ZR0jMlxX0

[MrBigHang]

Dotcom vs Crypto

https://redd.it/7skzff

I don't know.  BTC seems to be holding pretty solid at 10k. 

[Enjel]

Dotcom vs Crypto



I don't know.  BTC seems to be holding pretty solid at 10k. 

Watch OP change his chart again, and make a new prediction.

After this Friday, downwards manipulation of Bitcoin will cease due to Wall Street traders closing their shorts (and so they will pump it back up).

For now, shorting Bitcoin is actually OK, since you're playing along with wall street. Just wait 2 more days...

[drays]

Dotcom vs Crypto

https://redd.it/7skzff

I assume this is a dotcom graph with real dates put on here. What about the time scale? On the graph you show above, there is more than one year between the point you marked as "Bitcoin, Jan 2018" and equal price level prior to "bubble" period. That means dotcom "bubble" lasted more than one year at top prices.
This doesn't fit with Bitcoin situation at all, right? We didn't have anything like $10k a year ago. Don't you think the last period of Bitcoin surge is too short to be considered a fully blown bubble..?

[xxxx123abcxxxx]

I assume this is dotcom graph with real dates put on here. What about the time scale? On the graph you show above, there is more than one year between the point you marked as "Bitcoin, Jan 2018" and equal price level prior to "bubble" period. That means dotcom "bubble" lasted around 1.5 years at top prices. This doesn't fit with Bitcoin at all IMHO. We didn't have anything like $10k a year ago... Any comments?

The purpose of the chart is to illustrate how price forms in fractals; and how exponential parabolic bubble curves, usually decline a Fibonacci 78.6% of value when they burst.
This happens on all time scales whether hours, days, weeks, months, years or decades.

Here is a blind test with price and time scales removed. It illustrates how the same patterns occur on very different price and timescales.
Two charts ended in a speculator crash losing 80% in value, and one isn't done yet.
Can you tell which is Bitcoin, and which is Nasdaq, and which is a random stock called Pulte Group ?: