YipYip
Long

Where to From Here ? - What Does it all mean :S

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
That was a wild ride .... But as per my previous chart completey expected ;)

Everybody is asking is this over or do we have more downward pressure ?

So as to hopefully clear it up I have broken the C leg down into its 5 waves (green) and then the 5th wave of the 5th wave wave (blue) i.e the sub wave of 5 or as I like to call it ( the killer blow :D )

As long as we hold @ 265+ we can see a move back up to 320-340+ and we have not broken the sequence as per the purple 5 wave up

If we break below 255 all bets are off and it will be armagedon as we will be heading down towards 200+ support

I hope this brings some clarity but im now long at 265 with a SL @ 258 with Targets (T1) 279 . Dont be surprised for a sharp retrace on wave 1 (purple) as the market tries to digest and comes to grips with the shell shock that just happend and all the bulls who where long @ 280 .

I m sorry for your loss :S
Armageddon it is...
Reply
You certainly picked it. Bounced off 255, do you think there is enough support there?
Reply
YipYip BTCNow
Im out until it can start to show me a sequence .. ATM Im sitting on my $$ and its a waiting game .. really need a good 12 hours to show signs of direction ;)
Reply
Well that escalated quickly..
Reply
YipYip Alcor
lolz .. out of control .. A bitcoin XP ;D
Reply
even if we get a major wave V up, its probably going to be truncated, there wont be a $340
Reply
Nice chart!
I don't often agree with you but on this one i agree 100%. If we break 255 it's doom but like you i expect the bull trend to hold.
Reply
YipYip LeMogwai
Nice to have consensus mate :D
As i mentioned the last 5 days Im bullish from here but I can see an ALT wave count where this movement is not finished :S
If we break 260 proper we are doomed 200+
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
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