BITCOIN (BTC) is Putting in the Final Topping Waves...A Trend Turn from Up to Down is Expected
SUMMARY
BITCOIN (BTC) has started to tack on the final waves to the top of Wave B. The chart below marks the potential price pathway towards the peak of Wave B (red). The timing for this action could be the 13th +/- 1 day. This means that a new all time high is expected and one of the A,B,C expanded flat correction requirements would have been met.
This chart relates the fractal that is currently in progress. The asterisks mark the landmarks of similarity (not exactness as that is not what a fractal is) between the fractals. Once Wave B (red) completes, then the Wave C down could commence. The white lines demarcate the possible price pathway down to Wave C bottom. Wave A was not scary enough, it had not enough fear. Therefore, Wave C could be terrifying in its swiftness and depth. The video ties it in alot better than this summary, please consider viewing it.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
I am 100% with you on this count. My fib target zone is between 5080$ and 5666$ for wave B.
so your saying you also believe wave IV is not complete ?
thx ..
Yes, because this is not a normal impulsive move up. There are many other factors supporting the "wave IV not done" theory, but this alone should get everyone suspicious.
thanks!
when we correct do you this to crash similar to when we dipped down to 3k
or will it be orderly move down ?
thanks !
What to trade BTC for? Will BTC downtrend bring other alts down?? EOSEOSEOS
Yes, go to $ or Tether for a couple weeks
What are your thoughts on Bisq?
https://bisq.network/
I see this as a battle between TA and FA. My reason is that whenever I read your analyses I think of the fundamentals that could be the event that will come to justify the forecast.
Although from a TA perspective this looks 100 % right, from a FA perspective it really contradicts everything TA says about bitcoin, because:
Scenario 1: Prices continue to go up higher than B target and so the whole count has to be revised.
Scenario 2: Prices go down to your C, but maybe wont stay enough to be a valid C, or maybe wont go down enough because people will continue to buy cheap bitcoin to get free tokens in the fork upcoming.
ennnzai!
The proof is in the pudding. Calls are invalidated when certain numbers hit. At that point, that count is considered invalidated, and thus incorrect. We keep track of these misses, who wouldn't? Anyone looking for advice in an investment scenario must take prior history into consideration....thus TA followers watch analysts and watch for changes and squeak bys, and we are waiting for the invalidation to keep track of that. That provides the opportunity to find the best analysts out there, gather the information, and make an educated decision who is the more likely to find the probable scenario, not the possible scenario.
Haejin has a probable scenario hit percentage that is damn near 90%. I watch others on here, and I keep track of them as well, and they aren't even close to that.
Proof in the pudding. Anyone who looks back at the posts and follows his calls from coin to coin, and doesn't see that he is VERY good at making the most probable call, well anyone who doesn't see that is in denial.
Why step out like this? It's not in defense of TA, which is not at battle with FA, despite what FA thinks. It's purely to point out that not all analysts of any kind are good....in fact, many out right suck...especially on open platforms like this one. I used to pay someone to give me good professional analysis, but they didn't match up to the percentages that I saw, employed, and profited from due to @haejin 's shared knowledge for free.
The point is, you can't argue with success rates, blockchain certified in stone! And this guy right here, @haejin , he's the best on the web. Period. If he's not, show me someone with a better success to invalidated ratio please, because I would love to follow their advice and make more money.
Totally agree! I have often heard that FA might give you insight as to what to buy, but TA lets you know when to buy it:)
I don't see you arguing the successes of @haejins calls this morning? They were absolutely dead on. I'll go ahead and add that one to his record.
If prices exceed $5,450; the count is invalidated.
if we exceed $5450 does that mean wave IV is in and we are in the middle of the final wave ?
I'm thinking that, yes.
Yes I agree, something always happens to justify the TA forecast.
For example, some big news is coming for xvg this October. Ebtc swap is going to happen.
I wonder when they will drop the Wraith news if BTC does tank - mid drop or after
Something does always happen to justify the forecast....TA a peak into the possible future of the waves. All that other stuff just falls right into place. No, one cannot exist without the other, but percentages of hitting the probably scenario is what we are looking for.
Yeah, XRP may be a good place to hide them coins for a bit. Also consider ETH and Tether. ETH only because of their hard Fork. It may holds it's value compared to BTC.
USD Cash for me.
For me, too. 😉
Lets hope we get out in time. 😅
THANKs for that Information @haijin!!😀😁
Why would Eth go up in price when BTC (quickly crashes) when it is the moon that affects the tides of altcoins ?
Eth hard Fork and ICO purchasing power.
NEO will drop after the 16th, so ETH will be more attractive in the short.
Eth has some good tech rolling out.
Do you have thoughts on how this movement will affect the price of Bitcoin Cash?
Bitcoin is the moon that moves the tides and all Altcoins swim in the cryptosphere ocean. :-)
After BTC hit bottom will the alt-coins take much more time to get moving or move up along with BTC?
I believe so...first to turn will be Bitcoin then the laggards, Altcoins
Thanks for your input.
Last time they definitely lagged a lot. My plan will likely be to buy mostly BTC to start, and then rotate out to alts.
Hopefully if the drop is as swift and deep as he is predicting, it will kill off a lot of the pointless Alts that add no value. We are well overdue a large consolidation in the crypto space.
Hopefully if the drop is as swift and deep as he is predicting, it will kill off a lot of the pointless Alts that add no value. We are well overdue a large consolidation in the crypto space.
You are the (my) man ❤️. Will any coins be safe...especially XRP which seems more independent than other alt-coins. I guess a stop loss is the protocol? ASP?
XRP got killed in the summer. There could be a few that stay safe, but I would not count on it.
Xrp wasn't killed. It has had a rise ' Buy the rumour, sell the news' when swell was announced which starts next Monday.
Based on underlying value, development, roadmap and actual achieved results so far, 3rd place for xrp is correct.
Mark: it takes time to create value. I have xrp but not trading on a daily or weekly basis. It could go lower again, agreed, but that doesn't mean it's useless. It's actually one of the few alts out there that is being used in real life iso trading.