Critical Levels - EW analysis

[LFC_Bitcoin]

Chessnut everything you type lately is coming true. It's like the sweet whispers of a temptress
I really hope this price rise continues, we were going sideways for such a prolonged period I almost forgot what green candles looked like, long may this trend continue.

[PhilipMorris]

If this guy is right again we are now going for upper 300's 

[BldSwtTrs]

If this count was correct then the local count having about 5 degrees of nested 1-2s is absolutely ridiculously bullish. To be conservative Im going to assume we are past half way of the crunch, although with significant developments in the EZ tomorrow, who knows!

What EZ stands for?

[Dilla]

If this count was correct then the local count having about 5 degrees of nested 1-2s is absolutely ridiculously bullish. To be conservative Im going to assume we are past half way of the crunch, although with significant developments in the EZ tomorrow, who knows!

What EZ stands for?

Euro Zone

[HeliKopterBen]

Now would be a good time to start your subscription service chessnut.

[LFC_Bitcoin]

Now would be a good time to start your subscription service chessnut.

He should offer a basic (limited) insight in this thread but charge for more detailed chart readings & future price predictions. I think he's gained a level of proven ability now & could charge to share his knowledge.

[Odalv]

Now would be a good time to start your subscription service chessnut.

He should offer a basic (limited) insight in this thread but charge for more detailed chart readings & future price predictions. I think he's gained a level of proven ability now & could charge to share his knowledge.

I think you are a little victim of hypnosis. He also predicted 900 CNY Bitcoins. (what never happened, but "he was right b/c price goes -$5") :-)

[sidhujag]

Like I said many times in this thread trading is about edge... The times he got it wrong was less than the times he got it right.. Thus you have an edge.. Those that pick and choose which signals to trade don't have the edge and cannot be profitable long term.. When he got it wrong ppl were flaming him and now he's a god.. Lol man are humans so short sighted.

[TaurusBit]

Keep up the good work and ignore the trolls 

[podyx]

If this guy is right again we are now going for upper 300's  

I think we're retracing first to 280 or something but yea, chessnut has been amazing lately

[coinableS]

If this guy is right again we are now going for upper 300's  

I think we're retracing first to 280 or something but yea, chessnut has been amazing lately

If we retrace I think we might go to 295, but not 280. Honestly I think this train will keep a running. If there's another real FOMO moment like there was in 2013, things could get really crazy. We have so much more infrastructure now with the ETN in Sweden, an ETF in Germany, and GBTC. Also the media has lightened up a bit; bitcoin is not just for druggies or pedophiles. It could really gain traction towards mainstream if there's a strong enough push.

[Tzupy]

Thanks for the kind words everyone

looking at BFX now as china is a bit distorted, this could be yet another 1-2. While wave 2 might not be done, it looks like we are about to see truly the largest portion of the uptrend unfold. Targets in china are around 2000 yuan. On Bfx, at a guesstimate, $320-330 is achievable in the coming 48 hours or so.

If this count was correct then the local count having about 5 degrees of nested 1-2s is absolutely ridiculously bullish. To be conservative Im going to assume we are past half way of the crunch, although with significant developments in the EZ tomorrow, who knows!

Ive said before that this rally would be relentless with shallow retracements for the second half because we have only had deep wave ii's up to this point. Forget about short scalps, running flats could .... run you flat.

We are not in the second half yet.

[doublemore]

If this guy is right again we are now going for upper 300's  

I think we're retracing first to 280 or something but yea, chessnut has been amazing lately

Looking like a pretty solid prediction right now.

[chessnut]

We are not in the second half yet.

Actually this is must be a species of wave iv (if the larger count holds) which is what I meant by assuming we are past half way, although I wasn't expecting this. If we are in wave a iv it means we past the crunch of the move. This is a very sharp move and a fairly big disruption by news which means we will need some time for the dust to settle before we can formally continue the count. Upper targets have dramatically become more realistic 

[coinableS]

If this guy is right again we are now going for upper 300's  

I think we're retracing first to 280 or something but yea, chessnut has been amazing lately

Good call there podyx!! You hit that one right on the money!
Do you have any other predictions you'd like to share?

[chessnut]

If this guy is right again we are now going for upper 300's  

I think we're retracing first to 280 or something but yea, chessnut has been amazing lately

Good call there podyx!! You hit that one right on the money!
Do you have any other predictions you'd like to share?

Yep, very good call.

I am cautiously looking for this. Wave 3 was difficult to read because of what happened in china, so in retrospect where I counted the last primary it was probably past the crux, rather being wave iii of 3.

[coinableS]

If this guy is right again we are now going for upper 300's  

I think we're retracing first to 280 or something but yea, chessnut has been amazing lately

Good call there podyx!! You hit that one right on the money!
Do you have any other predictions you'd like to share?

Yep, very good call.

I am cautiously looking for this. Wave 3 was difficult to read because of what happened in china, so in retrospect where I counted the last primary it was probably past the crux, rather being wave iii of 3.

Nice to see that still overall you are bullish. I've been following this thread for a good while and it seems like you generally have the right idea of what's going to happen. $370? That's a good start for me!

[Tzupy]

...
Nice to see that still overall you are bullish. I've been following this thread for a good while and it seems like you generally have the right idea of what's going to happen. $370? That's a good start for me!

370$ (or even 400$) is not a "start", it's the top of this local uptrend.
After the correction that will follow, if the price will recover and climb even higher, then the bear market is most likely over, otherwise...

[Afrikoin]

Do you still think we could reach above 400 on the 5th wave Chessnut?

The largest impulse I have described could reach 400 possibly on wave (5), but we are in 3 of that impulse now, give it a few days/weeks. I think more likely that we top in the upper 300s but not 400. I expect that retraces will be shallow from here on having had deep retraces all the way to this point.

There is a (long term) bearish scenario that would reach about 400$ in about a month, but until now I didn't take it seriously because it means the market is moving 4 times slower then in April - June 2014.
And it would mean the bear market to last past the block reward halving, which doesn't make sense. I post these comparison charts (6h in 2014, 24 h now) with a month of free space, let's see...

Can i ask why you expect suspect a bear to come out after?

...

 otherwise...

[Tzupy]

Do you still think we could reach above 400 on the 5th wave Chessnut?

The largest impulse I have described could reach 400 possibly on wave (5), but we are in 3 of that impulse now, give it a few days/weeks. I think more likely that we top in the upper 300s but not 400. I expect that retraces will be shallow from here on having had deep retraces all the way to this point.

There is a (long term) bearish scenario that would reach about 400$ in about a month, but until now I didn't take it seriously because it means the market is moving 4 times slower then in April - June 2014.
And it would mean the bear market to last past the block reward halving, which doesn't make sense. I post these comparison charts (6h in 2014, 24 h now) with a month of free space, let's see...

Can i ask why you expect suspect a bear to come out after?

...

 otherwise...

With the latest uptrend (which I expect to continue a bit) a bullish scenario became possible, but is far from confirmed.
Right now my most probable scenario is that we are on the way to 4 of C, which should be close to 400$ (but don't take this as granted!).
By this count, 1 of C was 340$ in April 2014, 2 of C was 685$ in June 2014, and 3 of C was the 166$ bottom in January.