22 replies to this topic

[Snippit]

Bitcoin, BTC/USD

 

This view sees a higher order at play. It sees this new instrument as being more urgent than the average established instrument.
It may be premature to observe that Bitcoin would appear to be carving out an appreciable price movement for Primary wave [3]. But now the test is a dip to Minor 4 and then a Minor 5 is due.

 

https://wavecount.bl...oin-btcusd.html

 

 

 

quoque magnus deficere

 

[Snippit]

Bitcoin BTC/USD BitFinex 

 

 Update 17th Jan 2020:

The turn into Intermediate wave (3) came on the 18th Dec, just the day after my previous post (see that post below). The creation of a lower low at that turning point also gave a 5-3-5 pattern for Intermediate wave (2). Since then  Minor wave 1 has so far achieved partial completion into Minute wave [iv] which can now see the turn up into Minute [v] for the completion of Minor 1 with a typical target of [v]=[i]. After that the Minor wave 2 corrective has a typical target of [iv].

 

https://wavecount.bl...d-bitfinex.html

 

Edited by Snippit, 20 January 2020 - 09:26 AM.

[Snippit]

This daily chart for BTC/USD sees the near term prospect of the turn into Intermediate wave (3) of Primary wave [3]. Again.

 

https://wavecount.bl...d-bitfinex.html

 

 

 

eligere aliquem numerum

Magna

[Snippit]

BTC/USD, Bitcoin (Bitfinex)

Daily Elliott chart for Bitcoin appears to engage with the commence of Intermediate wave (3) of Primary wave [3]. Any lower low will carry (2) with it.

 

https://wavecount.bl...n-bitfinex.html

 

 

et morsus bits

 

[Snippit]

 

[Snippit]

[Phoenix...]

EXCELLENT......

[Snippit]

I think the drain has been blocked with those Bitcoins that you flushed...

 

[Snippit]

https://wavecount.bl...oin-btc-us.html

Edited by Snippit, 15 November 2018 - 07:13 AM.

[Snippit]

Update 01/10/2018...

A low of $ 6112 on 19th Sept at ii has a +ve divergence behind it and met the target of 19th August

 

https://jsecharts.bl...s-bitfinex.html

 

[Snippit]

Tony Caldaro on Bitcoin...

 

123 abc says:

September 15, 2018 at 1:58 pm

Bitcoin: Personally see five completed waves up to Dec-2017, and now a bear market towards sub $1000 by 2020 is underway; i.e. see below charts. Do you agree with this outlook, or is there an expectation of a return to $10,000 and the $20,000 all-time high?

 

tony caldaro says:

September 15, 2018 at 2:48 pm

Three waves up to December 2017 … could make new highs in a fifth

 

123 abc says:

September 15, 2018 at 3:19 pm

Thank you for the response Tony, very appreciated.

Quite surprised to hear your view on Bitcoin. Was personally under the impression that a massive parabolic bubble had burst, and price was set to collapse to zero, i.e. tulip mania.

If indeed you suspect a final fifth wave higher, either truncated or to new all-time highs, where do you see this current fourth wave ending?

 

tony caldaro says:

September 15, 2018 at 3:45 pm

The low so far for this crash is $5775.  A little lower should do it.

 

[Snippit]

Bitcoin appears as shown… target range determined from Fib ratios on the hourly chart…

 

https://jsecharts.bl...s-bitfinex.html

 

 

[Snippit]

The Bitcoin (and similar) correction is completed...

 

https://wavecount.bl...itcoin-usd.html

 

[Snippit]

[Snippit]

[HendrikB]

I cant blame people buying into Bitcoin. Who has confidence in the Dollar and Euro these days? Lets see how it plays out. If institutions start to accept the Bitcoin as a recognized form of payment it could be a game changer.

[ThatBlackGuy]

Interesting read fella's 

 

http://www.economist...2013/12/bitcoin

 

I believe something like this will take off someday.... but from an investment perspective, picking winners and losers is a lottery here.

 

Who will eventually get the right formula and enough take up to make it commercially viable? Your guess is as good as mine.... but like most ground-breaking moves on the internet, we know its coming, but we won't know which horse to get on until they've all bolted.

 

Gamblers can play, investors stay away!!!