Re: Analysis never ends

SMA200 not broken, long term log trend not broken.

Just got emergency alert from my FX broker. 29 June greece will likely to default, extreme EURUSD and other pairs volatility and lack of liquidity expected.

I seat and think what it may mean to bitcoin. It is on verge of trendline. Will it break it up or will it collapse?

Maybe we get something like this: https://www.tradingview.com/chart/BTCUSD/TbsOOXfx-BTCUSD-IN-POTENTIAL-INTERIM-TREND-CHANGE-RETRACEMENT-BOUNCE/

This is what often irritates me about EW. There is always an alternate count. What would it take for everyone to agree that the 13 January low of $152 on Bitstamp completed the ABC correction and we are set now for a fresh cycle to begin: five waves up making new highs perhaps in 2016?

Regarding the situation in Greece: when the banking crisis in Cyprus happened March 2013 bitcoin price surged from $40 to $260 before settling back at $120. What are the odds history will repeat itself?

The move up from $152 is not impulsive, so it would not be agreed upon by ew'ers at all that the bottom is in. In fact, the only one that I know of who believes the bottom is in is that one guy who really doesn't know how to count (or pretends like he can't). I think his name is user1trillion or some shit

The Greece 2013 thing was a coincidence. I have yet to see proof that the bubble was in any significant way driven by Greek Euros.

IMO there is a plausible bullish count that would allow for a new ATH. I will share it if it actually works out. A good EW technician should have an alternate count, even if it's just to keep reality in check.