BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
SHORT TERM BOUNCE OF WEEKLY 200 MA +- 10-15%
REMEMBER WE HAD A GAP TO CLOSE AROUND 1300$ LEVELS .. THIS MIGHT BE JUST THE BEGINNING
Comment:
per Elliot waves i def think this could play out in terms of time. from the three bubble peaks in 2011, 2013 and 2017...that would be waves 12345 as part of a large wave 1 and now we are descending in large wave 2 (with 5 waves within it). i'd say anywhere from $730 - $1900 could be the technical bottom, depending on panic capitulation. buying the bottom perfectly isn't so important as being able to wait through the doldrums of the infancy of the new large wave 3 which could def take several years to get the bull train moving again. i've watched some videos on time fib analysis and it seems to align with this thought as well

Reply
Elshanti what happened?? From uber bull to uber bear? XD But yeah, I agree, it could indeed become as bad as 2011. However, there is still a chance that the low will be around 2k in march-april. Cheers!
Reply
Mid 2k should be the bottom. Q1/Q2 2019. Draw the curve from low the 2011 low along the 2014/2015 lows. It will also touch somewhere in 2016 and extend the curve to 2019. It will be mid 2k where we bounce. Bounce soon during December and another 2-4 months of sell off. The final one. At those levels it is more than enough and it will be rewarded with another 100x in btc till peak of next bull cycle. 200-400x in some of the best Altcoins.
Reply
This takes us to 1250 end of 2020. Not likely
+2 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out