Critical Levels - EW analysis

[Afrikoin]

China pumping their Forex money to BTC,
trust me in January BTC will be 1800+ USD
and February 2400+ USD

If China do what i thought before end of this year BTC will be 10000+ USD

Imagine; If China trades their assets by Bitcoin instead of USD what will happen then?


I think China preparing for this

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[chessnut]

If we give the bears the benefit of the doubt then this is a wave iv abc or the beginning of a triangle or combo. We need to retrace at least to 7800 here.

[Afrikoin]

If we give the bears the benefit of the doubt then this this a wave iv abc or the beginning of a triangle or combo. We need to retrace at least to 7800 here.

yes, true.

But if you admit this then you are also saying the wave 5 that follows this 4 will begin the correction to a bear market?

[chessnut]

If we give the bears the benefit of the doubt then this this a wave iv abc or the beginning of a triangle or combo. We need to retrace at least to 7800 here.

yes, true.

But if you admit this then you are also saying the wave 5 that follows this 4 will begin the correction to a bear market?

yes, I admit it would be a wave ii or wave b bear market. I will not speculate the death of bitcoin. 

[chessnut]

with the log scale wave i = wave iii more or less, so the chance of a wave v blow out are high if you think this is rooted in a log count.

[Fakhoury]

Dear Chessnut, is there a chance for entering a bear market brother ?

If yes, when this could be (the start signal I mean) and for how long could the bear market stay ?

[sidhujag]

If we give the bears the benefit of the doubt then this this a wave iv abc or the beginning of a triangle or combo. We need to retrace at least to 7800 here.

yes, true.

But if you admit this then you are also saying the wave 5 that follows this 4 will begin the correction to a bear market?

yes, I admit it would be a wave ii or wave b bear market. I will not speculate the death of bitcoin.  

Will actually be quite bullish if that happens.300 to 400 seems right

[chessnut]

The current correction could no longer be a wave iv species, this is the bullish case scenario. A bearish case, flat or expanded flat, could take us to the floor of the last bear market in a swift wave c. too soon to count this yet.

[Afrikoin]

https://www.tradingview.com/x/eYhHlCmh/

The current correction could no longer be a wave iv species, this is the bullish case scenario. A bearish case, flat or expanded flat, could take us to the floor of the last bear market in a swift wave c. too soon to count this yet.

https://www.tradingview.com/x/0IvcvIdz/

yes it is too soon.

this drop has put us between a rock and hard place

+ can we rebound

+ is this the beginning of bear

[Trolololo]

Hi, could you take a look at this article and tell us what do you think about it in EW terms? Thank you !!

The fractal relationship between bitcoin’s first two bubbles and what they might tell us about a third - Paul Gordon - medium.com

[Biodom]

^^^ problem loading page.

[BitcoinNewsMagazine]

Hi, could you take a look at this article and tell us what do you think about it in EW terms? Thank you !!

The fractal relationship between bitcoin’s first two bubbles and what they might tell us about a third - Paul Gordon - medium.com

Correct link is https://medium.com/@coinscrum/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-7c8df5fb9613#.lt7a2fcx3

[Biodom]

Very interesting writeup by Mr Gordon.
33k+/- 20% by 2020.
some values to ponder..maybe safest would be to start selling in increments at 26k to, hopefully, 40K.
I would be ecstatic to get $33K average around 2020.

[Afrikoin]

Paging chessnut.

Bat signal

[RyNinDaCleM]

Very interesting writeup by Mr Gordon.
33k+/- 20% by 2020.
some values to ponder..maybe safest would be to start selling in increments at 26k to, hopefully, 40K.
I would be ecstatic to get $33K average around 2020.

I'd be Bill Gates rich. Not sure the powers that be would allow that. 

[FiendCoin]

Very interesting writeup by Mr Gordon.
33k+/- 20% by 2020.
some values to ponder..maybe safest would be to start selling in increments at 26k to, hopefully, 40K.
I would be ecstatic to get $33K average around 2020.

I'd be Bill Gates rich. Not sure the powers that be would allow that. 

Bill gates has a net worth of almost 80 BILLION dollars. Are you saying you got 2+ million BTC?

[RyNinDaCleM]

Very interesting writeup by Mr Gordon.
33k+/- 20% by 2020.
some values to ponder..maybe safest would be to start selling in increments at 26k to, hopefully, 40K.
I would be ecstatic to get $33K average around 2020.

I'd be Bill Gates rich. Not sure the powers that be would allow that. 

Bill gates has a net worth of almost 80 BILLION dollars. Are you saying you got 2+ million BTC?

Yes, I am satoshi... x2 I guess. 

Ok, so I could at least be "Cut Bill Gates' grass rich"

[pitham1]

Very interesting writeup by Mr Gordon.
33k+/- 20% by 2020.
some values to ponder..maybe safest would be to start selling in increments at 26k to, hopefully, 40K.
I would be ecstatic to get $33K average around 2020.

I'd be Bill Gates rich. Not sure the powers that be would allow that. 

Bill gates has a net worth of almost 80 BILLION dollars. Are you saying you got 2+ million BTC?

2+ million BTC won't help. In fact, all the bitcoins (and all the altcoins) in the world won't help.
The total market capitalization of Bitcoin is less than USD 20 Mn.

[oda.krell]

Very interesting writeup by Mr Gordon.
33k+/- 20% by 2020.
some values to ponder..maybe safest would be to start selling in increments at 26k to, hopefully, 40K.
I would be ecstatic to get $33K average around 2020.

I'd be Bill Gates rich. Not sure the powers that be would allow that. 

Bill gates has a net worth of almost 80 BILLION dollars. Are you saying you got 2+ million BTC?

Yes, I am satoshi... x2 I guess. 

Ok, so I could at least be "Cut Bill Gates' grass rich"

Hehe, had the same thought as FiendCoin but decided not to grill you on it.

On the other hand, it means the unlikely event of 44k coins¹ could look just a tiny bit less impossible =)

¹during our lifetime, let's say

[The_Dark_Knight]

Very interesting writeup by Mr Gordon.
33k+/- 20% by 2020.
some values to ponder..maybe safest would be to start selling in increments at 26k to, hopefully, 40K.
I would be ecstatic to get $33K average around 2020.

2020 is around the corner and we are still stuck below 1,300 there is nothing wrong with optimism but another thing is to be blinded by it, since it seems extremely unlikely that bitcoin is going to reach a number close that anytime soon.