Analysis

[Halcyon Days]

From https://vk.com/bitcoin_vanga
Posted 2h ago.

Horrible translation from Google:

Bad news 1. The dive in 2972 ​​intersected with the previous hay of 2980 (September 2). Hence, the correction will be oily.
Bad news 2. After the rebound, we can easily go zigzag at 2300.

Good news 1. It will all bounce back at least 61.2% (4200) in the short term.
Good news 2. The crossing gave me a clue about the end of this seemingly endless wave. And I finally drew the Elliott countdown.
Good news 3. Here the end of the historic triplet is not even visible at all. We are still drawing the top three pink subwaves. And there will be 4 and 5, and pink can be only the first FM. TLDR: Everything is just beginning.

$ 9600 in the post stick - the limit of the historical triple I think was greatly underestimated. After correction, the price can be drowned in this level, but this will be even lower than the middle ...

Technical infa. Bitcoin fell out of love with the triangles-fours and fell in love with the cut-down fives.



(sorry I didn't manage to display the picture, but the timeline is interesting, going around 2019 for the next break)

Thanks for posting this, even though it is hard to decrypt.
"TLDR: Everything is just beginning." - This at least is some great news.

How come, he does not post here anymore?

[1714811318]

1714811318

[romani245]

Thanks for posting this, even though it is hard to decrypt.
"TLDR: Everything is just beginning." - This at least is some great news.

How come, he does not post here anymore?

Very hard to decrypt. I'm waiting for one of the Russian speakers to come in and volunteer to translate. Google Translate seems horrible at dealing with casual Russian.

Indeed, it's great news -- but it's difficult to say how long it will take to play out. That chart looks like it could take a year. It makes one thing clear, though: buy low $2000s for the next major wave up.

I think he doesn't post here because he is a native Russian speaker and now he has a massive following in his own Russian community. (https://vk.com/bitcoin_vanga)

[STT]

Any grand projections for year to year should be done on market capitalisation and market share overall in crypto I think.  Then we can derive price and also it depends on every countrys FIAT worth.  If BTC only rises as money is worth less it has less meaning then actual growth in use

Good recovery in BTC upto a point which matches the old trend for most of 2017, roughly $4000.  Its a positive trend so its a ceiling but increasing also.  I would not judge this reaction to the top as negative, seems to be developing and its normal that a previous positive trend will now conversely cap gains.

On Kraken I see previous lows shown as 3400 to 3500 area.  That is a similar flat ceiling to mark progress against. 
On Huobi  I drew in a negative trend  to prices since the peak, there is also a shorter positive trend since the recent bottom.  21000 to maintain  positive action with 25759 as a target overhead should see any significant breakout from that negative trend

[dmwardjr]

Okay, I'm going to try this again [One more time] to try to get involved and be a productive member of this discussion.

I simply wanted to post my thoughts about an article I shared on TradingView.

There is more to it than just that chart.  This link is provided for more input on the news article in question.   Comments are welcome.

https://www.tradingview.com/chart/BTCUSD/7MP66mCj-This-is-a-Response-to-an-Article-on-Bitcoin-using-Wyckoff-Rules/

HERE is the news article:  https://bitcoinmagazine.com/articles/bitcoin-price-analysis-how-rumblings-china-play-wyckoff-distributions/

[BitcoinNewsMagazine]

Keeping analysis simple bitcoin has been in a bull market since the $152 low of Jamuary 2015. All a trader had to do to make money was buy when price touched the 20 MA on a weekly chart and hold:



Right now the weekly 20 MA is $3046. This is just above the swing high of $2980 back in June. Both together show strong support at the $3000 level. Bull markets eventually end and traders will be watching the weekly 20 MA for confirmation.

Right now bitcoin price is in a trading range $3000 to $5000 while waiting for news on whether China will ban or nationalize bitcoin mining.

[Bitcoinaire]

September 18, 2017:Well, here we visited, as promised, a daytime sma20. A good place to close the scalping positions, who bought at 3300 and below, as suggested on the 14th.

Another good news is that an overlay has been made, the local subwave has climbed into the zone of the previous one, and so this is not an impulse. So this is not the beginning of something reversal. Although the volumes are th-th, but they are eventually accounted for by the bull trend =)

The probability of a new low hangs like a sword of Damocles, or zig-zag, xs. Well, in general, we'll see. If 4300 and higher will go - down is unlikely to go.

Namana. HODL.


Comment:Olga, 7000? Be braver) More, much more. Previous ATH will look like a pimple on the ass with an elephant. Bgg




https://vk.com/bitcoin_vangaBut the truth! Why so far no one thought of? Hesraith Bitcoin 7 Exahexes / sec, hashrate Bitcoin Cash 1 Eksahesh.

September 22, 2017: If you switch Bitcoin cash at least 1 exachech from bitcoin, you can make 51% attack there unattended. Cancel some transaction, stir up the double-back, etc.

This is the "long-fork threat". That is, the threat of a more powerful network in the direction of less powerful. Therefore, two forks on one POW can not exist. One will simply die from the attacks of the other.

In the long term, the threat of long fork extends to all POW forks at all.
Do NOT use bitcoin cash. 51% of attacks are trivial at this point, reversing any number of confirmation .. www.reddit.com

Comment 1: Vladimir, sorry, but you can get rid of 51% only with the code with centralization. And when the block is centralized, it is no longer a block. Yes, you need a collusion of pools to collect 1-2 eksahsha. It is unlikely that one player has such power. Probably on this yet and did not rattled. But the sword of Damocles hangs and if it is possible, it will be.
today at 12:12 pm

Comment 2: And although they say that they can do it by themselves. In the same place it is not necessary for a long time)) all blocks on 20 to include light and to bend any exchange)
today at 12:15 pm

Comment 3 and 4: Vladimir, priority nodes are centralization. I also speak.
                
                             Vladimir, and at what here investors? Investors do not know what a 51% attack is and that BCash themselves substituted for it? So who is the doctor to them that the specks do not read? Security of bitcoin is not threatened with such an attack.
              

[STT]

Decent recovery in prices, China maybe looks most positive in the charts at least.  Possibly its breaking its negative trend since peaks however looking at Kraken or dollar charts it seems to fit more into just meeting that negative trend more then breaking it.   In any case any change of trend even short term has to be confirmed before its more then just a fluctuation or volatility as normal.

Short term targets I'd like $3600 and above and just 3800 is the target to beat as a ceiling for now.  If we can deal with both positively over the weekend then its reasonable to be less negative in outlook

[Mythul]

It seems we are on our way to $7000 as predicted 

[dmwardjr]

My most recent update to current location within Wyckoff's Distribution Schematic #2:

Comments included with link below:

https://www.tradingview.com/chart/BTCUSD/MGGsRZO6-BTCUSD-BitStamp-Wyckoff-Accumulation-Schematic-2-Continued/

[birr]

Latest:
Итaк, y нac 4560. Кaк я пиcaл в кoммeнтapии к пpeдыдyщeмy пocтy, этo дaeт мнe 70% yвepeннocть в тoм, чтo нa нoвыe низы (<2900) мы yжe нe пoйдeм.

Bмecтe c тeм выpиcoвывaeтcя кpacивый мeдвeжий клин, кoтopый Биткoин (пo cвoeмy oбыкнoвeнию) cкopeй вceгo пpopвeт, кaк ни cтpaннo, ввepx =)

И ecли вce тaк и бyдeт, этo бyдeт oчeнь вeceлaя мeдвeжья лoвyшкa и биткoин лoмaнeтcя нa нoвыe xaи.

Google Translate:

So, we have 4560. As I wrote in the commentary on the previous post, this gives me 70% certainty that we will not go to the new lower classes (<2900).

At the same time, a beautiful bearish wedge emerges, which Bitcoin (as usual) is likely to burst, oddly enough, up =)

And if it does, it will be a very funny bear trap and bitcoin breaks into new hai.

https://vk.com/bitcoin_vanga

[Bitcoinaire]

Here is the chart that accompanies his latest post......

[dmwardjr]

This gentleman is worth checking out if you are into EW.  Just saying...   

https://ru.tradingview.com/u/Romanov_Trade/

[Millionero]

Another post today.  Translated from Russian to English, it sounds quite cryptic.

Here to me the claim is expressed by one suppressed, they say, the captain is obvious. There is little, but I will answer. When it all began, my vangovaniya was not once obvious.
When I in my topic shortly after the bottom of 150, announced, sobsno bottom - others shouted ETAKANETS. And I said - this is the beginning.
When I said at that time 9 thousand - they threw tomatoes at me. At best, they said "we'll see."
On the way from 150 to 1000, many said "schas up to 62% crawls and kirdyk." Yes, it was like that.
And I always said from 150 - the Troika began, bears hang.
So now, when it is already obvious that 9000 will be - I'm saying clearly obvious things.
I will not carry this nonsense, which other trades of the public bear: "The intersection of sma10 and sma50 gives us a bullish signal, while RSI> 70 signals oversold, while the makd remains neutral." I know how to do this, but I try to keep it to myself.
Because here it is in quotation marks and there are obvious things and water that does not say anything, or talks about opposite conclusions.
So that's it. There is a historical triple, and I show it to you from different angles. And incidentally chew materiel. That's all.

He called the bottom at 150, nobody really took him seriously, and he's saying we're gonna go to $9,000.  Anybody have anything they want to add?

[windjc]

Another post today.  Translated from Russian to English, it sounds quite cryptic.

Here to me the claim is expressed by one suppressed, they say, the captain is obvious. There is little, but I will answer. When it all began, my vangovaniya was not once obvious.
When I in my topic shortly after the bottom of 150, announced, sobsno bottom - others shouted ETAKANETS. And I said - this is the beginning.
When I said at that time 9 thousand - they threw tomatoes at me. At best, they said "we'll see."
On the way from 150 to 1000, many said "schas up to 62% crawls and kirdyk." Yes, it was like that.
And I always said from 150 - the Troika began, bears hang.
So now, when it is already obvious that 9000 will be - I'm saying clearly obvious things.
I will not carry this nonsense, which other trades of the public bear: "The intersection of sma10 and sma50 gives us a bullish signal, while RSI> 70 signals oversold, while the makd remains neutral." I know how to do this, but I try to keep it to myself.
Because here it is in quotation marks and there are obvious things and water that does not say anything, or talks about opposite conclusions.
So that's it. There is a historical triple, and I show it to you from different angles. And incidentally chew materiel. That's all.

He called the bottom at 150, nobody really took him seriously, and he's saying we're gonna go to $9,000.  Anybody have anything they want to add?

He's being frosty. Probably had a couple of vodkas. He actually says we are going 90k. 9k is just a stop along the way.

[RoadTrain]

И ecли вce тaк и бyдeт, этo бyдeт oчeнь вeceлaя мeдвeжья лoвyшкa и биткoин лoмaнeтcя нa нoвыe xaи.

And if it does, it will be a very funny bear trap and bitcoin breaks into new hai.

"Xaи" (singular "xaй") is a direct loanword from English, from "high". It's a jargonism, hence Google Translate fails to translate it.

Just for your information

[birr]

И ecли вce тaк и бyдeт, этo бyдeт oчeнь вeceлaя мeдвeжья лoвyшкa и биткoин лoмaнeтcя нa нoвыe xaи.

And if it does, it will be a very funny bear trap and bitcoin breaks into new hai.

"Xaи" (singular "xaй") is a direct loanword from English, from "high". It's a jargonism, hence Google Translate fails to translate it.

Just for your information

I figured that out already.  I learned how to sound out Cyrillic when I was in Ukraine.
What we need is some people who can translate the really gnarly stuff.
How's your Russian?

[RoadTrain]

И ecли вce тaк и бyдeт, этo бyдeт oчeнь вeceлaя мeдвeжья лoвyшкa и биткoин лoмaнeтcя нa нoвыe xaи.

And if it does, it will be a very funny bear trap and bitcoin breaks into new hai.

"Xaи" (singular "xaй") is a direct loanword from English, from "high". It's a jargonism, hence Google Translate fails to translate it.

Just for your information

I figured that out already.  I learned how to sound out Cyrillic when I was in Ukraine.
What we need is some people who can translate the really gnarly stuff.
How's your Russian?

Well, I'll be checking this thread from time to time to see if I can help.

Russian is my mother tongue.

[Odalv]

И ecли вce тaк и бyдeт, этo бyдeт oчeнь вeceлaя мeдвeжья лoвyшкa и биткoин лoмaнeтcя нa нoвыe xaи.

And if it does, it will be a very funny bear trap and bitcoin breaks into new hai.

"Xaи" (singular "xaй") is a direct loanword from English, from "high". It's a jargonism, hence Google Translate fails to translate it.

Just for your information

"ETAKANETS" = This is the end.

[cAPSLOCK]

И ecли вce тaк и бyдeт, этo бyдeт oчeнь вeceлaя мeдвeжья лoвyшкa и биткoин лoмaнeтcя нa нoвыe xaи.

And if it does, it will be a very funny bear trap and bitcoin breaks into new hai.

"Xaи" (singular "xaй") is a direct loanword from English, from "high". It's a jargonism, hence Google Translate fails to translate it.

Just for your information

I figured that out already.  I learned how to sound out Cyrillic when I was in Ukraine.
What we need is some people who can translate the really gnarly stuff.
How's your Russian?

Well, I'll be checking this thread from time to time to see if I can help.

Russian is my mother tongue.

You can see his posts here and enlighten us:
https://vk.com/bitcoin_vanga

[RoadTrain]

Yeah, I know.

https://vk.com/bitcoin_vanga?w=wall-130254204_3067

The life of a Bitcoin trader
https://www.youtube.com/watch?time_continue=1&v=RIz3klPET3o

It's enlightening, isn't it?