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# 2 BITCOIN Scenarios You DO NOT Need to Know About! BUT...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Dear Friends!

If you are are curious about them, I will give you the 2 most likely scenarios at this very moment: Let's first zoom even more out, so you have an idea where we are:

As you can see we are about to make the Z-structure, which is part of a triple three combination correction. When we are done with this 11 Wave Correction Structure (WXYXZ), we can hopefully start a new uptrend again with 1-5 Elliott Waves Up.

Here are the 2 scenarios:

1. Blue Scenario: We are on the 4th sub wave of A - Wave 4 usually retrace 23.6% - 38.2 %, why we can expect the 4th wave to hit my light red box. Remember that 4th waves are usually prolonged. This idea also matches my existing Elliott Waves . If this is the case we still need a 5 wave down on A, and the blue B and C, hence we basically must assume that we will go lower than scenario 2.

2. Orange Scenario: We are here done with the 5th sub wave on A and are in the process of making the B-wave (in orange). What supports this argument is the Regular Divergence (look at the RSI ) on the last Wave, which we always must have on the last impulse wave.

Please leave a LIKE and I will zoom in on the action, and give you an update soon, so we can make some money!

D4 <3
Comment: Let's zoom in here and take a look - this is a continuation of my waves from yesterday - you are welcome to go back and see, that they have followed my path really good until now.

And we got a reversal at my red box at around 78,6 % retrace, which makes this a good opportunity to kick start our 3rd sub wave in light blue.

If we manage to do so, you can expect the waves to act as I've illustrated for you.

Thanks for following me, guys. Really Appreciate it.

Comment: Btw: This correction structure is called a double three, and consist so far of 2 Flat Regular (335) ABC structures, where the B wave is around 90 % of the A, and the C wave is 123 % of A.

We don't have confirmation for the one we are in the process of making now. It can be a Zig-Zag (535), Flat (335) or a Triangle (ABCDE).
Comment: So as you can see we are moving up and it looks more and more like the 1st sub wave on the 3rd impulse wave.

I will follow up on this and give you a good signal later on.

Comment: I promised you a SIGNAL - Here you go. It's scalping. Notice the Risk Reward. You only have to be good here 1 out of 4 times before this position is good in the long run.

GL! <3

Trade active: Perfect hit on the top of our Buy Zone - Let's now hope you will win some money.

GL!!

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## Related Ideas

Technical analysis on such heavily manipulated asset like BTC is worth the value of paper where it's written.
Bottom line is : people finally realised that all crypto is useless in real world. It is not a widely used and accepted currency, it is not "store of value" and despite of initial propaganda about limited amount of crypto- countless forks allows to unlimited supply, that leads to devaluation.
What we see is slow death of cryptomania.
Great Fool Theory says, that if you hold speculative financial asset, you need to find bigger fool than you to sell it to him.
PaxPix
@PaxPix, I am sure 3569 is the target just 100points away
PaxPix
@PaxPix, I don't agree with you though I understand you're scared. But crypto is in its infancy really, last year is where most people only heard about Bitcoin and cryptocurrency for the first time. It's only the beginning of a new revolutionary technology and the beginning always comes with it's bumps in the road. When Amazon got started, long before they were a book store even Bezos was desperately seeking seed investment and ALL institutional firms told him NO. Point is, we have BAKKT which is backed by ICE which control the US stock market, we have Fidelity investments coming in, we have decisions of BTC ETF's upcoming. We have crypto that I think will get its first boost of legitimacy next year AFTER ofcourse instutitional investors saying they back crypto and give it some legitimacy. It's not only Bitcoin, what about XRP and other coins currently with real world working products that are growing their companies world wide. What about other crypto's that are launching their product/services in 2019 that want to make a positive impact in this world with their inventions. I think once we get to more institutional acceptance and more governments around the world start accepting cryptocurrency, I think cryptocurrency Bitcoin included will flourish in the future. I think cryptocurrency will become stock market 2.0 in the future.

I see this fall and it doesn't bother me. I'm not buying in, I'm just waiting, see how low it can go.
lamboluvr
@lamboluvr, I know all hopes of HODL-ers are in BAKKT and Fidelity.
The problem with crypto is that it's main purpose is pure speculation. It has no use in real world.
I remember how Bitcoin advocates advertised it as revolutionary and instant payment, as storage of wealth due its limited coin number ect.
It all prowed wrong.
We have forks, and number of coins is growing. There is no limit for new alt coins creation and there is huge devaluation.There are thousands of shitcoins.
Language , terminology used is hermetic and hard to understand for average Joe.
Unfortunately, I can't use it for everyday payments.
So , what is a real use for BTC?
Religious?
PaxPix
@PaxPix,Bakkt, Fidelity, BTC ETF's, they are just part 1 of cryptocurrency global acceptable, stability and negative criticism killer. Crypto is not dead, and certainly the underlying technology is not dead. We’re going to see more widespread adoption, by both the private and public sector, of the blockchain technology and related technologies. We've just scratching the tip of the iceberg toward mainstream adoption, when companies offer purposeful real life value and integration of cryptocurrencies, we will begin to see the next wave and resurgence of cryptocurrency. It’s all about creating more natural demand and less speculation and hype.

lamboluvr
@lamboluvr, I did hear that kind of promises for years.
Ugly truth is different.

PaxPix
@PaxPix, What promises? There are already dates set.
lamboluvr
@lamboluvr, lol what a joke.
ibatman
@ibatman, Ok, sit on the sidelines and then get in late like 95% of people will AFTER all the big players get in and tell you it's safe.
Comment removed.
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