Quote from: dragonvsandroid on Today at 06:46:06 PM

When profit?

The upside is fairly unpredictable in a nested count like this: https://bitcointalk.org/index.php?topic=5128394.msg55526746#msg55526746

And I do agree with xxxx123abcxxxx in general:

Quote from: exstasie on November 07, 2020, 09:54:46 PM

Quote from: JL0 on November 07, 2020, 03:46:41 PM

Can you explain it please ? What do you mean by that or what do you want to tell us?

It's an ultra bullish EW count. At a bird's eye view, it puts us in Historic Wave 5, same as Masterluc's count.

At the lower degree, he shows a nested wave count, indicated by the "(1)-(2), 1-2, (i)-(ii)" progression. Not only are Wave 3s already very powerful, but this indicates an extended Wave (3) with an expectation of further sub-dividing waves. If the count is correct, then this will result in an even more powerful upside move. We're talking about another bubble.

However, the internal count is unclear to me right now. I have some slight variations in mind. Where xxxx123abcxxxx thinks we're in a [ iii ], I wonder if we're really in a [ i ]. This would suggest a major top anywhere between here and maybe $22K. I say that partly because of structure and proportion, and partly because of psychological resistance at the 2017 ATH. Anything +/- 10% of the 2017 ATH would be typical. Never can tell if it'll overshoot or undershoot. After that, one would anticipate a (likely) sharp Wave [ ii ]. That may be where we see a classic 30-40% Bitcoin bull market decline, followed by acceleration of the bull trend. Probably the dip of a lifetime.