Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitcoin_is_here_to_stay_2
on 04/02/2018, 00:31:34 UTC
Quote from: windjc on February 02, 2018, 02:31:02 PM
Quote from: d_eddie on February 02, 2018, 02:13:39 PM
Masterluc thinks it's over.

Quote from: Masterluc
Well, so the present drop ends somewhere in the red circle.

So, the price hit somewhere close to 61.7% Fibonacci of the entire growth from 150 to 19800.

You know what it means? That the Third (wave?) is completed and we became its witnesses =) For this, congratulations to you.

What's next? Next is the Fourth (going on now). And then the Fifth somewhere in the area of ​​100k.

The current drop will bounce back very well into the area of ​​13,000-15,000 in the short term, where those who bought up on my advice will be able to sell off, but have already managed to curse everything and wet the diapers. Bleed there, because it is not for you.

The critical level at 7700 does not really matter anymore, because I see that the wave is over.

Well, here's my idea for trading watching https://ru.tradingview.com/chart/BTCUSD/hg0S8xjw-historical-3-looks-to-be-completed/


He seems to have a glaring error in his count. If the historical 3 is over and the historical 5 will go near the top trendline, then his historical 3 will be the shortest wave in height. His 3 would need to be a (3) for his count to make sense.

+1. This does not make any sense and goes against what ML has been saying until 7.7k dump. He also said 4 in his current count would be months only, again makes sense only as 4th subwave of 3, as windjc pointed. ML is a incredible analyst, but he had been under a lot of pressure from literary thousands of followers and he did this prediction in real time, during intense dump, which take many oldtimers, included Enky, aback. I think ML will soon go back to his original count (from May) with historical 3rd reaching 40-100k sometime in 2018/19. Or, if thing turn for the worse, for multiyear correction to 2-5k.

As widjc, I would not be surprised if the weekly close would be above MA-20 or even 10k. For me, that would be a confirmation that we are repeating Spring 2013 pattern.