Quote from: sandiman on June 14, 2016, 11:38:26 AM

Quote from: RyNinDaCleM on June 14, 2016, 11:32:18 AM

Quote from: sandiman on June 14, 2016, 11:14:19 AM

Quote from: RyNinDaCleM on June 14, 2016, 10:50:35 AM

Quote from: windjc on June 14, 2016, 06:01:30 AM

Quote from: meh32123 on June 14, 2016, 05:10:33 AM

Quote from: RyNinDaCleM on June 13, 2016, 12:45:07 PM

Rules aren't broken, all the waves are there
two possible counts, one goes down in a corrective C eventually, the other makes new ath's but expecting more than 2-3k is unrealistic. Not impossible, but definitely unrealistic.
img]http://i.imgur.com/bVKlFm4.png[/img]

Ryan, is B invalidated now? or only if week close is above 685?

Technically B could go past ATHs.

This is true, unfortunately, so it adds some ambiguity when approaching the ATH. The structure from either of the two sub-200 lows is what tells me this is the B and why I am still medium term bearish. As always, I continue to watch for signs that this is the (5) of III instead of the B.

What does the psychology of the market signify now? is it more appropriate for a B waves or a 5th?
I remember from the videos that Bob was speaking about the 5st waves as really euphoric. That you could see all kind of new option and future being added as trade engine. as an example an XBT provider engine opened trade today (http://inpublic.globenewswire.com/2016/06/14/Bitcoin+certificates+resume+trading+following+Global+Advisors+acquisition+of+XBT+Provider+HUG2020261.html;jsessionid=4Y5NIAcM62GEBIkMp1k_WUOAxLAz_WUwpSLPi1JZqPavPR2dcX6a!1549091939). what do you think of that?
Moreover, as BTC is a commodity, do you think the fifth wave should be more powerful than the third?

Well, it is possible that we are in or nearing the 5th of the c of B. so both?
The thing about B waves is that the correction is believed to be over, so bull mentality kicks back in. It's not until a top is in when reality kicks in. This is why B waves are considered suckers rally's.

Didn't think about the bold sentence, going back to work on waves now. Grin

I am really watching your chart in case it does happen, cause Waves C would be really damaging for most of the holders in case they don't sell (holder speaking).

Keep it as a possibility, but don't lose sleep over it. If it materializes, it will take time to complete.