Official Cryptocurrency Trading Thread

[SilverRex]

BTC

wave 2 down in progress, BTC hasnt even touched 38% until at least hitting 9400, possible h&s pattern targeting 8900. so hence if BTC can shed another 10% I think that would be great entry.

alt path (orange) could still be a drawn out expanding wave IV with higher high to come still (this would help tag the upper neckline that started this correction back in December. If this occurs, it would just push out the correction and raise the fib levels higher.

I prefer wave 2 drop now and just get it over with.

[riander5]

Whats up with that 1 2 count there

[SilverRex]

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Whats up with that 1 2 count there

expanding flat

[SilverRex]

BTC could not hit even 38% of this leg down. the way it looks I am going to say this was only wave (a) down, now wave (b) up in progress. may try to play this bounce and reduce my position again. So far been pretty good. managed to increase the over all asset in my trading account by 30% at the current price during the run up prior to the crash

[Chandler_Racing]

Silver drawing wave 1 from the recent low of $6k would we not be in Wave 5 now?

I would expect us to see about $13,000 and then an ABC correction.

[SilverRex]

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Silver drawing wave 1 from the recent low of $6k would we not be in Wave 5 now?

I would expect us to see about $13,000 and then an ABC correction.

that is possible, and can be an alt count.

[SilverRex]

Ripple

does anyone have a good chart showing XRP price since 2012? I noticed a good jump in 2014 follow by a pretty steep correction then 5 waves up leading into 2017. So if I am seeing this correctly, if 2014 was wave 1, we are in the latter stages of wave 3 possibly in the final wave 1 of 5 of 3 sequence.

Not enough data for me to connect the peaks so I have to say divergence is still ahead of us and xrp needs a higher high to end this major count.

at first maybe we have a sub 4 going on, but the correction this year is too steep to be wave 4, so there is only two scenario imo. Either the wave v of 3 top is in and we begin a big wave 4 correction that will take us back to 0.15, even with this we should still a very large degree wave (b) at least hitting 1.57 (38% reverse fib) or

a breakout can be the start of wave 1. Then we are seeing the start of a final extended 5th wave 1-2 with sub 3 and 5 to come for a huge top this year.

prior to 2017, it appears there was 5 waves, and we had another 5 waves early 2017. It is very possible we should get another set of 5 waves to end this major top.

If BTC still has a date with 65k this year as some are predicting, then XRP surely has another powerful move coming up.

I recall someone mention just all the banks using XRP alone should make it worth about 5-6 dollars.

[SilverRex]

how interesting BTC.hit a lower low completing 38% retrace while XRP, LTC.and ETH.all have higher highs

[Kobe]

Set up a Crypto portfolio challange for beyond members.

Write in here if you are interested in joining!

https://forums.beyond.ca/threads/406...52#post4716352

Link to google doc: https://goo.gl/eX2gWT

[Manhattan]

Very long read but worth the time. People always find a way to gamble in the markets. Funny that we went from CDS to heavy regulation and it leads to this.

https://www.bloomberg.com/news/featu...nt-full-crypto

[Kobe]

For ripple fans from one of my groups

[Mogg]

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For ripple fans from one of my groups

How reputable is the source for this? Any dates?
It would explain rippele's 10% today.

Either way, thanks for sharing!

[nzwasp]

I cant imagine coinbase going that big into customer support - I wish they would list a few more coins though. I bought some ripple just incase (FOMO)

[Kobe]

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How reputable is the source for this? Any dates?
It would explain rippele's 10% today.

Either way, thanks for sharing!

It's one of the main people that post on tradingview so I'd assume pretty reputable, I don't like ripple but I purchased a bit as well in case...

[SilverRex]

BTC

from my last post I think btc has hit the top of wave (b), Now it can go both ways. either a resumption for a wave (c) low to complete the ABC correction back into the blue box or a breakout over this 2 month long down trendline will yield the start of a wave 3 of 3 move, this move will turn 11775 into a major floor. and would mean the drop to 9324 3 waves down was our wave 2 low being completed. Both scenario imo still points us to higher prices prices eventually.

[Mogg]

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It's one of the main people that post on tradingview so I'd assume pretty reputable, I don't like ripple but I purchased a bit as well in case...

this rumor was squashed today by coin base. https://twitter.com/coinbase/status/970746383308177408

[nzwasp]

Man my portfolio has been pretty flat since the end of January - hovering around $3300.

I pulled all my ripple - Dumped what I was holding of ripple into SNT (STATUS).

[SilverRex]

BTC as well as all major cryptos unable to breakout from their down neckline, unless there is any major reversal towards a breakout, it is leaning towards the start of a wave C of 2 down. so btc should get back under 10k again.

[Kobe]

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BTC as well as all major cryptos unable to breakout from their down neckline, unless there is any major reversal towards a breakout, it is leaning towards the start of a wave C of 2 down. so btc should get back under 10k again.

I've really thought this was like the first massive crush I was in for even talked to some people about it and just saw this video on trading view.


https://www.tradingview.com/chart/BT...mpared-to-BTC/

[SilverRex]

BTC finally broke below the Feb 25 low. has 5 wave down, no telling how far down she can go, but has met all the min requirement of a typical EW ABC correction. any significant reversal is telling, so will see where she lands.