Quote from: RyNinDaCleM on June 15, 2017, 02:48:52 AM

Quote from: RoyBatty on June 14, 2017, 11:17:51 PM

Quote from: DieJohnny on June 14, 2017, 10:42:21 PM

Quote from: Afrikoin on June 14, 2017, 05:52:19 PM

Major $BTCUSD level is breaking now, a close < $2500 opens door back to $2k all caused by @Bitmain's post. #Bitcoin #UASF #BIP148 #SegWit

https://twitter.com/ToneVays/status/875036749151514626

It seems we are headed lower than 2k. How low do we have to go to put us in a bear market for the rest of the year?

According to Tone on his stream earlier, he didn't anticipate it dropping below 2k, but noted a break below 1700 would signal a clear trend change.

I disagree! I would argue that we can go as low as 1120 and still have our larger trend intact. That price rises every week that passes, so next week it will be around 1150.
That trend line, if breached, is a good indication of lost support, imo. As long as it holds, we are good.
An EW guide line is that wave-4 usually bottoms in the area of the 4th of one lesser degree. In this case, the iv on my chart (blue box).

Lets say it happens for the sake of discussion, Ryn. We will briefly touch 1200. Would it mean wave 5 is still ahead of us OR are will we start another run up from wave 1. Please, help me orientate here. Thank you.

In another thread, it was mentioned, that rise to 3000 USD per bitcoin is prolonged wave 3 before large correction, that we are currently witnessing.

So is this wave 4 or end of the current count and how do we tell? Thank you again.