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Author Topic: CryptoWaves - Elliott Wave Analysis Blog  (Read 29068 times)
fr33d0miz3r
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April 22, 2014, 04:12:25 AM
 #181

it can easily grow 10x still.

nope.
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April 22, 2014, 04:13:13 AM
 #182

it can easily grow 10x still.

nope.

yeah it can... easily. do you realise how much money there is in the world?

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April 22, 2014, 04:14:35 AM
 #183

I dont' really see the point of using technical analysis when we know this is just manipultion
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April 22, 2014, 04:15:33 AM
 #184

yeah it can... easily. do you realise how much money there is in the world?

I just know how many early adopters with tons of free bitcoins there are in the world. And their Fib timer is triggering NOW.
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April 22, 2014, 04:16:18 AM
 #185

I dont' really see the point of using technical analysis when we know this is just manipultion

this is an EW thread, not a TA thread. none the less, TA is the economical and geometrical necessity of buying low selling high. it does not lose significance during periods of manipulation.

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April 22, 2014, 04:19:51 AM
 #186

yeah it can... easily. do you realise how much money there is in the world?

I just know how many early adopters with tons of free bitcoins there are in the world. And their Fib timer is triggering NOW.

just like in all the last bubbles? yeah, a fib is about to trigger all right.... just wait till the stock market fib triggers and hundreds of trillions of USD needs a new home. where will it go? USD, gold, and a very small fraction (say half a trillion) bitcoin.

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April 22, 2014, 04:21:42 AM
 #187

just wait till the stock market fib triggers and hundreds of trillions of USD needs a new home. where will it go? USD, gold, and a very small fraction (say half a billion) bitcoin.

Yes, of course, I waiting for it. But it will happen not NOW.
First we will deflate the bitcoin bubble, and then the stock and fiat bubble will burst and the new money will go to bitcoin. Be patient. Everything takes time.
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April 22, 2014, 04:23:29 AM
 #188

just wait till the stock market fib triggers and hundreds of trillions of USD needs a new home. where will it go? USD, gold, and a very small fraction (say half a billion) bitcoin.

Yes, of course, I waiting for it. But it will happen not NOW.
First we deflate the bitcoin bubble, and then the stock and fiat bubble will burst and the new money will go to bitcoin. Be patient. Everything takes time.

so you think it can expand 10x? ok.

anyhow, no point arguing about it now. the counts will be proven within a $30 move either way. Ill come back in a few hours.

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April 22, 2014, 06:46:03 AM
 #189

so you think it can expand 10x? ok.

It can expand to $1M, but I'm not expecting new ATHs in the next few years.
I have revised my bullish long-term counts.
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April 22, 2014, 08:17:20 AM
Last edit: April 22, 2014, 08:33:27 AM by Queeq
 #190

none of them point to 266  Tongue

really?  Grin



OK, so if it is ending diagonal, appearing in wave C...

Subdivides into five waves - yes;
Appears as wave 5 or C - yes;
All waves subdivide into zigzags - no;
Wave 2 does not go beyond the start of wave 1 - yes;
Wave 3 overlaps wave 1 - yes;
Wave 4 does not go beyond the start of wave 2 - yes;
Wave 4 ends within the price territory of wave 1 - yes;
We have contracting variety of diagonal, so:
Wave 3 shorter than wave 1 - yes;
Wave 4 shorter than wave 2 - yes in absolute value, no in percentage;
Wave 5 to be shorter than wave 3 - to be seen.

If it is leading diagonal, then:
Wave 5 to end beyond end of wave 3 - to be seen.
Instead of all waves being zigzags for ending diagonal, for leading only 2 and 4 must be zigzags.
So it's most likely a leading if we can interpret last rise (11-16th of April) as a zigzag.

Oops.


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fr33d0miz3r
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April 22, 2014, 08:22:49 AM
 #191

Wave 5 to be shorter than wave 3 - to be seen.

Oops.

Shorter or equal. If equal (or almost equal), then target = ~$260
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April 22, 2014, 08:33:51 AM
 #192

Edited previous post.

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fr33d0miz3r
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April 22, 2014, 09:36:12 AM
 #193

Edited previous post.

Yes, now I mean leading, not ending diagonal. It's only the beginning of a downtrend.
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April 22, 2014, 09:59:23 AM
 #194

What was that period in December then? I thought downtrend should be counted from the peak.

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April 22, 2014, 10:01:21 AM
 #195

What was that period in December then? I thought downtrend should be counted from the peak.

Short-term correction before the last truncated ("failed") mini-wave up.
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April 22, 2014, 09:09:51 PM
 #196

just wait till the stock market fib triggers and hundreds of trillions of USD needs a new home. where will it go? USD, gold, and a very small fraction (say half a billion) bitcoin.

How long would you estimate?

Yes, of course, I waiting for it. But it will happen not NOW.
First we will deflate the bitcoin bubble, and then the stock and fiat bubble will burst and the new money will go to bitcoin. Be patient. Everything takes time.

"The difference between a castle and a prison is only a question of who holds the keys."
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April 23, 2014, 01:58:30 AM
 #197

New post up.

http://www.cryptowaves.com/bitcoin-usd-wave-count-update-april-22nd-2014/

Please be constructive with your posts. TA and EWave discussions are welcome - I feel they go hand in hand.
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April 23, 2014, 07:17:03 AM
 #198

New post up.

http://www.cryptowaves.com/bitcoin-usd-wave-count-update-april-22nd-2014/

Please be constructive with your posts. TA and EWave discussions are welcome - I feel they go hand in hand.

nice chart - I tend to agree, although surprising that the wave iv and V are taking such a long time to unfold. Bearish moves still have zero conviction and I have doubts that any dump could push through 470-480 floors.

Inverse head and shoulders is comforting - the right hand shoulder is the weakest price action for ages. a light breeze could push it to 540.


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April 23, 2014, 07:30:48 AM
 #199

As far as I understand, the "triangle" presented by Cryptowaves is not really a triangle as it must subdivide into at least five waves where each of them is a zigzag.

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April 23, 2014, 09:22:56 AM
 #200

Doubts and arguments are far different things...  Roll Eyes
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