[poll] Positioned for Profits

[adamstgBit]

[notme]

can we select multiple options please?

[adamstgBit]

can we select multiple options please?

this cannot be done with edit, i would have to start a new thread. this will have to do.

[notme]

can we select multiple options please?

this cannot be done with edit, i would have to start a new thread. this will have to do.

Fair enough, I went with my largest position.

[Zangelbert Bingledack]

Looks like people are mostly hoooooooolding for the longest time. Good strategy.

[Tzupy]

After selling at 214.5$, I am waiting to see what happens next. There are only 2 possible scenarios IMO:

1 - that the 233$ peak was the top of wave 5, which means that right now we are in wave B and the start of capitulation is close.

2 - that the 233$ peak was the top of wave 3, which means that right now we are already in wave 5 and we'll see a new peak.
For this to happen, similar to the recovery from the SR crash, we'll need to get past the last peak, and IMO it can only happen if
about 15k coins would be withdrawn from the ask side. If we go past 233$ and then drop a bit, I'll buy back at a small loss,
because I'll be sure to make a profit a few days later.

[Ivanhoe]

Option one doesn't match with the current market sentiment and all the good news to my opinion. No capitulation this time.

[600watt]

loooool
good one, please post it in memespeculation

[Savior]

I think the reason the price stay so stable at 200-210 is because alot of people who regret not selling last rally, are selling parts (or all) of their bitcoins. I know I am guilty of it myself, and plan to sell about 10% of my coins. But once those thinking 200 $ is a good enough price to sell are out, I think chances are very high we will continue upwards even stronger this time around.

Now you ask, why you sell then!! Well, I need the money

[RodeoX]

What about an option in the pole for spending? I don't sell, I only spend.

[notme]

Option one doesn't match with the current market sentiment and all the good news to my opinion. No capitulation this time.

Sentiment does match the top of wave B IMO, although this is bitcoin so there is a tendency to have shitty downside action.

[Mike Christ]

Looks like people are mostly hoooooooolding for the longest time. Good strategy.

[culexevilman]

Holding since $10ish

[Tzupy]

Option one doesn't match with the current market sentiment and all the good news to my opinion. No capitulation this time.

Sentiment does match the top of wave B IMO, although this is bitcoin so there is a tendency to have shitty downside action.

Question for notme:
If 233$ was the peak of wave 5, then the peak of wave 3 was 148$.
Then why didn't we drop below 177$, isn't A supposed to be lower than 3?

[notme]

Option one doesn't match with the current market sentiment and all the good news to my opinion. No capitulation this time.

Sentiment does match the top of wave B IMO, although this is bitcoin so there is a tendency to have shitty downside action.

Question for notme:
If 233$ was the peak of wave 5, then the peak of wave 3 was 148$.
Then why didn't we drop below 177$, isn't A supposed to be lower than 3?

Corrections usually end in the price territory of wave 4, although bitcoin being the bullish beast it is, historically corrections have ended a bit higher.  Also, this is a guideline, not a rule.  For this count to be valid though, we need another largish correction to at least the $180 area, possibly as low as 130, but that seems too low to me given the attention we've been getting lately.  Bulls seem to be losing momentum, but we'll see.  Bitcoin is tiny so momentum can shift quickly.

Longer term I'm looking at the 5 waves since 65 being wave 1 of the 5th wave off the initial trading range back in 2010.  With such a bullish count available in the long term, we may see a truncated correction.

[Tzupy]

The very bottom of wave 4 (in this scenario) was the SR crash, so 110$. I am still in doubt because we stopped falling at 177$.
If we are close to the top of wave B, by my count (in this scenario) we are now in the middle of the second sub-wave of B,
so tomorrow we could see the last futile push up and then we go downhill. If however the push up succeeds and stabilizes
above 230$, then it's possible to have another peak. We'll see soon enough.

[SkRRJyTC]

The very bottom of wave 4 (in this scenario) was the SR crash, so 110$. I am still in doubt because we stopped falling at 177$.
If we are close to the top of wave B, by my count (in this scenario) we are now in the middle of the second sub-wave of B,
so tomorrow we could see the last futile push up and then we go downhill. If however the push up succeeds and stabilizes
above 230$, then it's possible to have another peak. We'll see soon enough.

Post a chart?

[waveaddict]

The very bottom of wave 4 (in this scenario) was the SR crash, so 110$. I am still in doubt because we stopped falling at 177$.
If we are close to the top of wave B, by my count (in this scenario) we are now in the middle of the second sub-wave of B,
so tomorrow we could see the last futile push up and then we go downhill. If however the push up succeeds and stabilizes
above 230$, then it's possible to have another peak. We'll see soon enough.

Post a chart?

I agree. I love discussing these topics but have a few questions about what is being described in this thread. A chart is easily the best way to describe an Elliott Wave count. Without one, a lot of assumptions are being made about a count leading up to the current situation, especially when different wave degrees are considered.

[BitchicksHusband]

Mods?  Can we keep all the "wave" talk in a single thread?

I'm tired of it sidetracking every topic I read.  Thanks.

[adamstgBit]

Mods?  Can we keep all the "wave" talk in a single thread?

I'm tired of it sidetracking every topic I read.  Thanks.