Quote from: mnandii on August 20, 2016, 04:48:33 AM

Quote from: mnandii on August 20, 2016, 04:34:26 AM

http://content.screencast.com/users/mnandii/folders/Jing/media/88ee6f2d-30d6-471f-8ed9-ab8c55b6aad0/2016-08-20_0709.png

As I've always maintained, I expect bitcoin to fall to below $100 a piece. This chart is the long term one. Bitcoin is falling in wave (3) of {C} of II. Wave {A} is a leading diagonal. Wave {B} is a combination while wave {C} ( fall from 782.12 high, the part labelled (Y) {B} ) is a developing impulse wave where waves (1) and (2) are complete. If bitcoin reaches to below $100 (as I expect), that will be your best opportunity to snatch as many as you can. Remember that once wave II completes , bitcoin will then make a sizable gain to beyond $2000 a piece.

On the 4 Hour Chart below we have a developing wave 3 of (3) which should end somewhere in the $400s.

http://content.screencast.com/users/mnandii/folders/Jing/media/f30da0b3-1876-482a-a397-5037750f7f45/2016-08-20_0745.png

http://content.screencast.com/users/mnandii/folders/Jing/media/d40ca51c-e52a-4978-97e6-3e570760ff19/2016-08-20_0759.png

1 Hour chart. Wave (i) complete. I expect a small upward retracement for wave (ii) which should not exceed $603.71 then a strong continuation of the fall in wave (iii).