Who is Elliott Wave International? :: Elliott Wave ...

02-18 13:23 - '**Real-time analysis of the 2018 Crypto Crash — PART 3** ____ / [link] / Since bouncing from exactly 6000 (Bitfinex), the market has staged a 30% rally from the lows. This is thus far the largest rally since the downtren...' by /u/12345abcde00001 removed from /r/Bitcoin within 1-11min

'''
Real-time analysis of the 2018 Crypto Crash — PART 3
[link]1
Since bouncing from exactly 6000 (Bitfinex), the market has staged a 30% rally from the lows. This is thus far the largest rally since the downtrend sell-off leg that started on 20-JAN-2018.
There were two bounces within the downtrend that began on 20-JAN-2018; i.e. as follows:
1.23-JAN-2018 to 28-JAN-2018: 22% bounce
2.02-FEB-2018 to 03-FEB-2018: 19% bounce
Given the current bounce from the 6000 lows has now exceeded the average 20% bounce size, it may suggest that the downtrend which began on 20-JAN-2018 is now complete; and by extension, it may suggest a completed wave structure which has ended the first leg of the crash.
The expectation would be a Primary degree b-wave bounce which may retrace up to 38.2% of the Primary a-wave decline which began on 06-JAN-2018.
However, there are previous levels of support which may serve as resistance as follows:
1.9350: approx previous line of support/resistance.
2.9946: 50% Fibonacci retracement level of entire market.
3.10298: 38.2% Fibonacci retracement of the decline which began on 06-JAN-2018
Any one of the aforementioned levels may serve as targets for the bounce, with the average being 9865. However, exuberance may propel towards the psychological 10000 given the proximity.
Elliott Wave Principle: Key to Market Behavior, Robert Prechter:
"b-waves — b-waves are phonies. They are sucker plays, bull traps, speculators' paradise, orgies of oddlotter mentality or expressions of dumb institutional complacency (or both). They often involve a focus on a narrow list of stocks, are often 'unconfirmed' by other averages, are rarely technically strong, and are virtually always doomed to complete retracement by c-wave. If the analyst can easily say to himself, 'there is something wrong with this market', chances are it's a b-wave."
Speculative and idealised Elliott Wave model indicative of price and structure, not time:
[link]2
[link]3
[link]4
No change to current outlook. Quick guesswork would suggest...
—First leg of the bounce could complete at around the first support/resistance area near approx 9350 (Bitfinex). —Then a possible pullback to approx 7600-8000. —Followed by a resumption of the bounce towards 10000, or 9865 on average.
A potential roadmap for le weekend; indicative of price and structure, not time...
[link]5
[link]6
After rallying 55% from the 6000 (Bitfinex) lows in just 4 days, the market has been drifting sideways for 4 days.
The sideways wander could either suggest that the first leg of the rally is complete, and a retracement is currently underway. Or, the market is consolidating in preparation to breakout and resume the move higher.
Taking out 8950 (Coinbase) and 9000 (Bitfinex) to the upside would confirm the rally is resuming.
However for now, weakening price action appears to be favoring a retracement. A typical retracement ought to be around 50% which is at 7482 (Coinbase) and 7538 (Bitfinex). At 7599 (Bitfinex), represents 61.8% Fibonacci retracement level of the entire Bitcoin market.
Given the aforementioned criteria, the following short position has been ordered:
BTC/USD (COINBASE)
OPEN: 8600
CLOSE: 7482
STOP: 8950
RISK: 4%
REWARD: 13%
Afterwards, the expectation would be for the market to resume the Primary degree b-wave bounce, which may retrace up to 38.2% of the Primary a-wave decline which began on 06-JAN-2018. The following Fibonacci levels may serve as target areas of where the rally may conclude towards the psychological 10000 level, Bitfinex prices:
  1. 9350: approx previous line of support/resistance.
  2. 9946: 50% Fibonacci retracement level of entire Bitcoin market.
  3. 10298: 38.2% Fibonacci retracement of the decline which began on 06-JAN-2018
[link]7
[link]8
[link]9
Market breakout to the upside, the rally resumes.
The following levels may serve as target areas of where the rally may conclude towards the psychological 10000 level, Bitfinex prices:
  1. 9350: approx previous line of support/resistance.
  2. 9946: 50% Fibonacci retracement level of entire Bitcoin market.
  3. 10298: 38.2% Fibonacci retracement of the decline which began on 06-JAN-2018
Price action has already reached the first resistance level. The average of the other two Fibonacci levels is 10122.
Previous short position closed at a 4% loss. Long position opened with the following parameters:
BTC/USD (BITFINEX)
OPEN: 9000
CLOSE: 10122
STOP: 8313
RISK: 7.6%
REWARD: 12.5%
[link]10
2018 Cryptocurrency Crash (Elliott Wave): Recommencing?
[link]11
[link]12
From the 6000 (Bitfinex) lows set on 06-FEB-2018, Bitcoin has rallied +70% taking out the psychological $10,000 level.
The 10-day bounce has been fairly broad-based across the majority of the top 10 marketcap cryptocurrencies which have been partaking in the rally.
Barring any wave extensions and subdivisions, there now appears enough waves to suggest the rally is complete. Price action seems to have found resistance just shy of 10298, which represents a 38.2% Fibonacci retracement of the decline which began on 06-JAN-2018.
Preliminary weakening price action suggests the rally is complete; and next leg of the bear market, the second crash wave, may be commencing.
In regards to the psychological state of mind: Taking out 8000 would reaffirm the ‘fear’ phase. Taking out the 6000 lows would represent the ‘capitulation’ stage —where mass media hysterics peak and exchange outages occur. The 78.6% retracement of the entire market at 4257 begins the ‘despair’ state of affairs.
From a political and socionomic standpoint, the following events (termed as “FUD” by millennials) may begin to unravel during the second leg of the bear market:
—Further laws/bans/restrictions upon cryptocurrencies invoked by countries/governments, calling for tighter regulation and fraud prevention: positive rulings, but perceived as negatives.
—Prolonged exchange outages preventing deposits/withdrawals and management of positions.
—Exposure and collapse of further Ponzi schemes.
—Majority of Altcoins currently under $2,000,000,000 market capitalization becoming extinct.
—Mergers & acquisitions of crypto companies in the endeavour to survive.
—Individual bankruptcies and suicides.
Historically, when any asset bubble bursts, the unravelling bear market typically lasts 2 years on average (from peak price to ultimate low); and usually erases approx 90% in value ([link]13 ).
Applying the metrics to the cryptocurrency bubble, it would suggest Bitcoin between $850 and $2500 around 2Q2019.
Given the aforementioned criteria, 2 long-term short positions have been ordered with exact stops, but varying target limits:
—One with a target profit at 4257 which represents 78.6% retracement of the entire market; and,
—One with no target, i.e. an open-ended short position to ride the bear market.
BTC/USD (BITFINEX)
OPEN: 9850
CLOSE: 4257
STOP: 10271
RISK: 4.3%
REWARD: 57%
If 10271 is taken out to the upside, it would suggest further wave subdivisions, and the rally is extending. The next upside resistance is around 10926 where the first leg of the rally (i.e. 6000-9075) would equal the second leg of the rally (i.e. 7851-10926).
Esoteric footnote: The first leg of the cryptocurrency bear market began on 17-DEC-2017, during a New Moon and leading up to the New Year. Should the second leg of the cryptocurrency bear market be commencing as of 16-FEB-2018, it would do so under a New Moon leading up to the Chinese New Bear.
Elliott Wave model indicative of price and structure, not time:
[link]14
[link]15
[link]16
The Rally Resumes
[link]17
The market has broken out to the upside and taken out what was assumed to be the end of the bear market rally at 10271 (Bitfinex).
Since the breakout from 10271, a subdivision and extension of the waves, the market has further rallied an additional 8% which has recovered the 4% loss from the previous mentioned short position. From the 6000 lows, the market has now staged a 90% gain.
The first upside resistance at 10926 where the first leg of the rally (i.e. 6000-9075) equalling the second leg of the rally (i.e. 7851-10926), has now been surpassed —quite a rally.
Next areas of Fibonacci resistance clusters as follows:
@11306: 38.2% retracement of the downtrend from 17-DEC-2017
@11626: 50% retracement of the downtrend from 06-JAN-2018
@11652: The first leg of the rally (i.e. 6000-9075) times 1.236 in length, would equal the second leg of the rally (i.e. 7851-11652).
Any of the above levels may serve to end the bear market rally, with the average being at 11528.
At time of writing, taking out the low of 10522 would be the first indication to suggest the rally losing momentum. At which price, a second attempt short position would be placed with a stop at the previous swing high.
[link]18
Retry Short
[link]19
BTC/USD (BITFINEX)
OPEN: 10522
CLOSE: 4257 (& open-ended)
STOP: 11250
RISK: 7%
REWARD: 60%
[link]20
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: 12345abcde00001
1: https://bitcointalk.org/index.php?topic=2711461.msg29778823#msg29778823 2: https://i.imgur.com/fZkBsRM.png 3: https://i.imgur.com/thk6hWP.png 4: https://bitcointalk.org/index.php?topic=2711461.msg30036363#msg30036363 5: https://i.imgur.com/QwkIMbM.png 6: https://bitcointalk.org/index.php?topic=2711461.msg30237047#msg30237047 7: https://i.imgur.com/LgdJaSX.png 8: https://i.imgur.com/YL7d6Fh.png 9: https://bitcointalk.org/index.php?topic=2711461.msg30273641#msg30273641 10: https://i.imgur.com/2o9heqy.png 11: https://bitcointalk.org/index.php?topic=2711461.0 12: https://redd.it/7ptsg3 13: thebubblebubble.com/historic-crashes 14: https://i.imgur.com/PH7OOaz.png 15: https://i.imgur.com/M9POoE2.png 16: https://i.imgur.com/ryIsVQs.png 17: https://bitcointalk.org/index.php?topic=2711461.msg30512368#msg30512368 18: https://i.imgur.com/azjV7Yg.png 19: https://bitcointalk.org/index.php?topic=2711461.msg30521817#msg30521817 20: https://i.imgur.com/XqyBEK1.png
submitted by removalbot to removalbot [link] [comments]

Bitcoin Extending Higher in Wave 5  ELLIOTT WAVE FORECAST Will the bitcoin bubble burst? (Kara Ro & Elliott Prechter Jan 3, 2018) Bitcoin Elliott Wave Technical Analysis Today  5.25.20 Bitcoin: From Bullish to Bearish - Elliott Prechter & Pete Kendall (Oct 2018) Bitcoin Elliott Wave Trade Setup  Price Prediction

Reddit bitcoin elliott prechter bitcoin interactive chart. Als übersetzer geld verdienen. Umfragen geld verdienen unter 18. Als callboy geld verdienen. Im internet jederzeit geld verdienen österreich. Mit instagram geld verdienen werbung. Snel geld verdienen gta 5 online ps4. Forex historische Daten eurusd. Geld verdienen komplettpaket. Forex trading für dummies pdf download. Wann wird der ... Prechter shares his market insights in The Elliott Wave Theorist, one of the longest-running financial publications in existence today. Prechter has developed a theory of social causality called socionomics, whose main hypothesis is endogenously regulated waves of social mood prompt social actions. In other words, events don’t shape moods; moods shape events. Prechter has authored and edited ... The Elliott Wave principle was created in the '30s by Ralph Nelson Elliott – an American accountant and author. However, the theory only rose in popularity in the '70s, thanks to the efforts of Robert R. Prechter and A. J. Frost. Initially, the EWT was called the Wave Principle, which is a description of human behavior. Elliott's creation was ... Beware Prechter And Elliottwave.com For Their So-Called Bitcoin Service If you don’t know, Robert Prechter and his gang of idiots have made dozens of top calls in the S&P with big headlines since 2009 and have fucked up 100% of the time. In September 2010, Elliott Prechter wrote in The Elliott Wave Theorist about bitcoin when it traded at 6 cents. Very few in the financial world seriously considered the digital currency at the time.

[index] [48908] [10565] [35153] [19424] [12843] [32701] [48024] [3121] [3591] [3797]

Bitcoin Extending Higher in Wave 5 ELLIOTT WAVE FORECAST

bitcoin or eth which is easier to trade how to double trade long and short same exchange same time - duration: 17:28. ORACLE 100X LEVERAGE TRADER 1,177 views 17:28 PLEASE READ THE DESCRIPTION!! This is a Bitcoin Elliott Wave Technical Analysis Video On Bitcoin's Price Today #bitcoin #elliottwave #cryptocurrency Join Dragonfly's YT Channel Here: https://www ... This video is unavailable. Watch Queue Queue. Watch Queue Queue PLEASE READ THE DESCRIPTION!! This is a Bitcoin Elliott Wave Technical Analysis Video On Bitcoin's Price Today #bitcoin #elliottwave #cryptocurrency You can join the Private Trading Discord at ... The next video is starting stop. Loading... Watch Queue

#