Bitcoin Price Thread

Discussion in 'Crypto Assets' started by Magna, Nov 26, 2017.

  1. SunTrader

    SunTrader

    Bitcoin has made 5 waves down move from all time highs. Corrections are almost always 3 waves once complete. Either 3-3-5 or 5-3-5 without getting into complex correction nonsense labeling.

    So 5 waves down should mean this is only the first wave (wave A) of a 5-3-5 (ABC).

    But seeing how price has already retraced 50% of the drop, time (of waves B & C) should likely complete fairly soon - 3rd or 4th week of June???
     
    #9001     Jun 8, 2025
    johnarb likes this.
  2. johnarb

    johnarb

    Your portfolio heavily tracks a used "lambo" and bullshit :D
     
    #9002     Jun 9, 2025
  3. orbit23

    orbit23

    People are ranking the worlds biggest ponzi scheme as top #20 company in the world. Amazing times. Soon Bitcoin will cure cancer and Tether will pump to 2$.

     
    #9003     Jun 9, 2025
  4. wxytrader

    wxytrader

    As mentioned until wave B breaks ath's this is just an ABC correction. Yes 3 waves up is typical 5 -3-5 and we can see 3 waves. @johnarb

    Here's a more detailed explanation:
    • Corrective Waves: These are three-wave structures that move against the main trend.
    • B Wave: In a corrective pattern (like a zigzag or flat), the B wave is a counter-trend movement, typically consisting of three sub-waves.
    • Example: Wave A and Wave C in a zigzag are five-wave impulsive structures moving in the direction of the main trend, while Wave B is a three-wave counter-trend correction.

    upload_2025-6-9_3-43-18.png

    upload_2025-6-9_3-50-43.png

    @johnarb is thumbs upping you without realizing you are agreeing with me lol.
     
    Last edited: Jun 9, 2025
    #9004     Jun 9, 2025
  5. themickey

    themickey

    Ooohhh waxy and OutofOrbit, btc +107,000
     
    #9005     Jun 9, 2025
    semperfrosty and johnarb like this.
  6. wxytrader

    wxytrader

    It's doing exactly what I said it would do....?????


    I posted this on May31 lol

    I had 108k as a good level for B weeks ago...and you guys are all excited about it now? Try to keep up! :)
     
    #9006     Jun 9, 2025
  7. johnarb

    johnarb

    waxy wrong again, :D

    upload_2025-6-10_0-32-30.png
     
    #9007     Jun 9, 2025
    semperfrosty likes this.
  8. johnarb

    johnarb

    I initiated transfer of funds and was able to buy more mtplf this morning, I think it's because I already have enough value in the account,

    I think bitcoin will go above $110k this week and that will be the new 10k level support

    bitcoin is doing stairsteps every step is $10k increment
     
    #9008     Jun 9, 2025
    semperfrosty and jbusse like this.
  9. wxytrader

    wxytrader

    ??? Yeah and? That still stands...ABC correction remember? I was literally dumbing EW down to words for you. Trying to talk TA with you is seriously frustrating. :)
     
    #9009     Jun 9, 2025
  10. #9010     Jun 9, 2025
    johnarb likes this.