Analysis

[Newar]

It means it is very strong

Not broken yet

Can you define "broken"?

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[davidorentol]

Can you define "broken"?

Can you define "un-broken"?

[molecular]

It means it is very strong

Not broken yet

Can you define "broken"?

when you look at it and it's broken you just know it's broken. If you're unsure, it's not broken.

[Eivind Nag]

I think the assumption that the 152 bottom was C is flawed.

The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.

After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!

Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.

The bear market is in full swing.

Price targets for 5/A are less than 152, more than 65.

Ive made an image that explains my view in more detail:
https://i.imgur.com/RkzXcY1.jpg

[Fakhoury]

I think the assumption that the 152 bottom was C is flawed.

The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.

After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!

Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.

The bear market is in full swing.

Price targets for 5/A are less than 152, more than 65.

Ive made an image that explains my view in more detail:

Thank you for this awesome anaylsis, respect !

Could you elbarote more about this please,

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Could this be the Historical wave III luc was talking about ?

[Afrikoin]

I think the assumption that the 152 bottom was C is flawed.

The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.

After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!

Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.

The bear market is in full swing.

Price targets for 5/A are less than 152, more than 65.

Ive made an image that explains my view in more detail:
*clipped*

Mask of Zorro!

Very smart looking chart, thanks for sharing.

2 question

1. What if there are extensions on the 5 wave/A, what is your time estimate then?

2. After A,presumably, B and C follows. Do you have a time estimate for that? or a target price?

[Eivind Nag]

I think the assumption that the 152 bottom was C is flawed.

The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.

After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!

Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.

The bear market is in full swing.

Price targets for 5/A are less than 152, more than 65.

Ive made an image that explains my view in more detail:
https://i.imgur.com/RkzXcY1.jpg

Thank you for this awesome anaylsis, respect !

Could you elbarote more about this please,

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Could this be the Historical wave III luc was talking about ?

1163 was Historical I. Master luc propose that his C was Historical II and that we are rising now to Historical III.
Im saying more or less the exact opposite, we are still headed down towards Historical II

[Afrikoin]

I think the assumption that the 152 bottom was C is flawed.

The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.

After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!

Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.

The bear market is in full swing.

Price targets for 5/A are less than 152, more than 65.

Ive made an image that explains my view in more detail:

*snip*

I feel the top at C, should be followed by i, ii, iii and now iv. Looks like a long iii

[Eivind Nag]

I think the assumption that the 152 bottom was C is flawed.

The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.

After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!

Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.

The bear market is in full swing.

Price targets for 5/A are less than 152, more than 65.

Ive made an image that explains my view in more detail:
*clipped*

Mask of Zorro!

Very smart looking chart, thanks for sharing.

2 question

1. What if there are extensions on the 5 wave/A, what is your time estimate then?

2. After A,presumably, B and C follows. Do you have a time estimate for that? or a target price?

1. Even with extensions i think the timeframe is resonable.
2. If B is a standard ZigZag it should retrace 38.2 or 61.8% of Wave A. Expect a violent rally upwards in the range of 450 to 650 or around there.

[Fatman3001]

I think the assumption that the 152 bottom was C is flawed.

The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.

After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!

Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.

The bear market is in full swing.

Price targets for 5/A are less than 152, more than 65.

Ive made an image that explains my view in more detail:
https://i.imgur.com/RkzXcY1.jpg

This would bring us the "despair" I've heard so much about.

[Fakhoury]

I think the assumption that the 152 bottom was C is flawed.

The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.

After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!

Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.

The bear market is in full swing.

Price targets for 5/A are less than 152, more than 65.

Ive made an image that explains my view in more detail:
https://i.imgur.com/RkzXcY1.jpg

Thank you for this awesome anaylsis, respect !

Could you elaborate more about this please,

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Could this be the Historical wave III luc was talking about ?

1163 was Historical I. Master luc propose that his C was Historical II and that we are rising now to Historical III.
Im saying more or less the exact opposite, we are still headed down towards Historical II

Thank you for the quick reply, appreciated.

In your context, when we could reach Historical III and what it's time-frame ? And would it be $100K as it's peak as Master luc and other's talked about here ?

[Eivind Nag]

I think the assumption that the 152 bottom was C is flawed.

The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.

After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!

Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.

The bear market is in full swing.

Price targets for 5/A are less than 152, more than 65.

Ive made an image that explains my view in more detail:
https://i.imgur.com/RkzXcY1.jpg

This would bring us the "despair" I've heard so much about.

You better believe it. The fear, anger, frustration, resignation, capitulation associated with a C was never present in the 150 low. The entire affair passed without triggering nothing more than a 'meh'. The mood for wave A is described as:

Corrections are typically harder to identify than impulse moves (no kidding!). In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market.

I think that is a very fitting description of current sentiment and sentiment all the way from 1163

[Fatman3001]

This would bring us the "despair" I've heard so much about.

You better believe it. The fear, anger, frustration, resignation, capitulation associated with a C was never present in the 150 low. The entire affair passed without triggering nothing more than a 'meh'. The mood for wave A is described as:

Corrections are typically harder to identify than impulse moves (no kidding!). In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market.

I think that is a very fitting description of current sentiment and sentiment all the way from 1163

Thanks, I see what you're saying. This burns my thinker though. I was expecting a sharper climb after the last finex crash if we'd left the bear market, I am not comfortable ATM.

[klee]

This would bring us the "despair" I've heard so much about.

You better believe it. The fear, anger, frustration, resignation, capitulation associated with a C was never present in the 150 low. The entire affair passed without triggering nothing more than a 'meh'. The mood for wave A is described as:

Corrections are typically harder to identify than impulse moves (no kidding!). In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market.

I think that is a very fitting description of current sentiment and sentiment all the way from 1163

Thanks, I see what you're saying. This burns my thinker though. I was expecting a sharper climb after the last finex crash if we'd left the bear market, I am not comfortable ATM.

This.

[8up]

If your analysis turns out right (which I give a slightly higher probability than masterlucs scenario) and 'A' reaches $110 to $65 where do you see 'C'? ~$20 to $10?

[Eivind Nag]

If your analysis turns out right (which I give a slightly higher probability than masterlucs scenario) and 'A' reaches $110 to $65 where do you see 'C'? ~$20 to $10?

I will try to see how low it can possibly go without invalidating the entire wavecount. But maybe A and C would be a double bottom or very close. I dont think there is so much room downward under 70 before it would invalidate. I have to sleep now but i can try tomorrow to make a guesstimate on tima and amplitude of C.

[SmoothCurves]

I'm leaning more towards MasterLuc's count. This chart could set up for an epic bear trap.

[klee]

I'm leaning more towards MasterLuc's count. This chart could set up for an epic bear trap.

Bears are more sensible usually and put tight stoplosses. Bulls are more delusional and  deny to see the truth.

So I don't expect that if this goes above 245 there would be many shorts open.

[RyNinDaCleM]

If your analysis turns out right (which I give a slightly higher probability than masterlucs scenario) and 'A' reaches $110 to $65 where do you see 'C'? ~$20 to $10?

I will try to see how low it can possibly go without invalidating the entire wavecount. But maybe A and C would be a double bottom or very close. I dont think there is so much room downward under 70 before it would invalidate. I have to sleep now but i can try tomorrow to make a guesstimate on tima and amplitude of C.

Wave 2 has no invalidation except a move below the beginning of wave 1. In this case, that would be a price of $.05 from the Gox chart in 2010. Since this is extremely unlikely, it is all a waiting game.

For the record, I agree 90% in your analysis. The other 10% is only that I don't think your 1 was a 1. I do have a count where that same leading diagonal is drawn but is a wave A. Even if that means it was A of an even larger A that we are waiting to complete. Or the other possibility that we are in a triple zigzag. Either way, I have had the belief that we will see LL's (with double digits likely) before we see ATH's for many months now. I can only show my PoV so many times before it becomes boarder line spam. Everyone here knows my stance on this.

[BitcoinNewsMagazine]

If all the EW theorists turn bearish that might be considered a good reason to go long.