This running flat indicates bearish pressure on the market.

Until 16000 is broken we cant be sure this is not the case.

Im not calling it yet, I said it would become the primary count if 16000 is broken.

It's possible that we are in a bearish wave B triangle too.

It looks like there is a possibility that this is a triangle completed. It would imply wave IV and wave V here could go to 40k easily. It would become the primary count after a break above 16k.

This guy gets it.

This impulse spells continuation of the bear market

LTCBTC seems to be very bearish. As bitcoin falls alts with follow with great volatility.

There are signs of a correction here.

This is the end of the local cycle, it could easily correct to 14000.

The price fell to 5555. This is in the middle of fourth wave territory. While 4k is not out of the picture the chances that this is the next bottom are not insignificant. Its dangerous to do anything here.

That was a running triangle and this will very probably correct to 6k or less.




People still read this thread??

The wave met the target but did not satisfy greedy shorts  

Whichever way you look at it, this abc seems like it will correct at least 62% upwards.

In the middle of IV territory places us at $2500, or log, $2200.

Ive heard it all before... china ban is harmless, nothing will happen. everyone thinks so. 

It is bs and its all going down 

The presence of this Ending Diagonal is a sign of weakness. This is probably an impulse down at 2 levels.

This is a dangerous place for a five wave count to seem complete. A 50% correction or 62% correction is rational. iv wave territory is between 3000 and 2000.

Looks like and ED consistent with a running flat iv. weakness suggests a powerfully extended wave v.

I dont think Bitcoin is big enough to ban the government yet.

as wave 1 is about equal to wave 3, wave V should be extended, it could go to 5800.