SUMMARY
I'm back home! Dead tired! So, will make this update very short and to the point.
The below chart is from an earlier update and I had thought white wave i could reach higher. I guess not and no matter, the upper target remains unchanged.
The second chart below is an updated sub count of white wave i and so we could be done with white wave ii. That leaves wave iii up....higher highs dead ahead!
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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.**
Segwit 2X should help bring up the price of BTC. I believe that is around mid November.
The fork is expected around 16th Nov but as Segwit2x hasn’t implemented replay protection, you could lose both sets of coins if you move one of them post fork. The transaction can be rebroadcast on the other chain Moving those coins also. Be very careful.
Great info right there. Everyone should be aware of that.
Elliott Waves states that news or an event shall arrive to justify the forecast and never the reverse. Thus, Technical Analysis begets the fundamentals, and never the reverse. This is why I rarely venture to find out the fundamentals of a coin because EW begets fundamentals.
So you think BTC will not have any correction before the fork ?
I'm talking about a proper correction
Personally I don't think it will happen. After the Fork we'll have a massive correction. But before that people are just too greedy for free fork coins. BTC is also getting lots of media attention. So there's a lot of dumb money coming in. Unless some powerful countries come up with some really bad news like the ICO ban incident, I don't think a real correction would occur before the fork. That's just my take on it.
Thanks for your thoughts ;)
Love your work!
I wish you MASSIVE profits!
great post
I wish you MASSIVE profits!
Welcome home!
Is there not a head and shoulders forming in the hourly chart?
Maybe, but in my experience doesn't help much. The total variations are too low... may not even pay the fees. Haejin knows this stuff... be paitent and try to familiarize with his time scales. It took me some time but I learned it :)
Check on XZC! It is rocketing nicely
Welcome home! Many thanks for your amazing work:) I read all the posts and even though I may not be familiar with the coins, I learn something about EW or TA from each one. Thank you for sharing your knowledge!
I wish you MASSIVE profits!
Same to you friend:)
Hi Heajin, as you know I am a regular follower, and I have been doing a lot of thinking on your predictions. Your main prediction, of the massive crash that is incoming to BTC, but also your other predictions where your TA sees massive rises in many altcoin cases.
I also know that you plan to be out of crypto entirely when Bitcoin finally peaks according to your prediction. But here is where my question begins. Why?
If TA is taken purely as TA, and not based on fundamentals, would it then not make more sense to be OUT of Bitcoin entirely but IN altcoins? After all, the TA states they will go up. I know that you believe that the tide of cryptocurrency is linked with the fate of Bitcoin, but is this not a case of emotional/psychological analysis rather than on a purely TA-based approach?
Because taking all your predictions into account, it seems to me that objectively what you are predicting is: 1) Massive decline in Bitcoin 2) Massive increase in most altcoins.
If the charts don't lie, like TA believers often believe, then why the divergence and get out of crypto entirely?
When looking at current affairs this could make sense: Bitcoin could peak because of Segwit2x fork, then crash because of the dump. All the investors would then flock towards altcoins with their profits, thereby making both your predictions of Bitcoin crashing and altcoins skyrocketing come true?
I think you misunderstood. The time it takes BTC to top can be longer than it looks in the chart. If BTC tops for he next month or so, that'll give most Alts time to do their bull runs.
Or, perhaps the crash won't be but a good correction. Not sure exactly until that correction starts.
I'm going to err on the side of safety by going to the side lines not too long from now.
The BTC is topping at Cycle level and so the correction will be severe. That I know for now.
WOW I SAY....Hello, friend. BCH is going nutso. At this rate it might hit your forecast target of 470- 480 by tomorrow or sooner. . Could you keep an eye out on it ;I don’t have charts like you do. In fact I have no charts. I think I shall call you the Omniscient one, maestro, my magician!