Most pessimistic scenario right now

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
510 0 4
This is the most pessimistic scenario I can think of right now. If bitcoin             is not going to appreciate any longer it is possible we have just finished wave B of huge zigzag which started in Nov 2013.

First leg of this zigzag was equal to about $1000 which is 86%. Wave B (if it has just finished) stopped in the region of iv subwave within A. This is very interesting since according to Elliott Wave guidelines subwaves 4 often act as strong support/resistance zones.

Now if we are to watch wave C develop soon it is quite probable it will be equal to wave A. Therefore one could expect this drop to be close to 86% which means it could finish close to $67. Again this region is quite interesting since this would be withing subwave 4 of major bull market which finished in Nov 2013. And as it was mentioned above subwaves 4 often act as strong support/resistance levels.

If this scenario is true we can expect at least 10 months of bear market.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out