Will watch. Thanks for th time link. I didn't watch the video, i assumed it was all about Ver.

Still, Jeff could be wrong or right.

Let us watch and see how price moves. Have to break and hold above $431.

...and one more with a hurricane style path forecast

Bitcoin Technical Analysis - 31

https://www.youtube.com/watch?v=lTOiZr-k05g&feature=youtu.be&a

In this chart? No... But it's not the only possible count. I just added the extra lines and updated with it since it is following nicely for now. Some other ideas are a quick and dirty SR type dump which would be over in time to allow for a rally pre-halving. Another is we continue a down trend but somewhere in the middle, halving happens and produces a nice rally (pre, during or post). In the latter, the big rally would happen after the fact, just as it did in 2012. A third option is that we keep more of a sideways range. A BIG range. Get a rally (pre, during or post-halving) that takes us up in a continuation since the $500 touch. Then, when the halving hype wears off, we continue the bear market, finishing up somewhere in 2017 and very anxious for the "historical wave-III".

I know this isn't what anyone here wants to hear, and I am still bearish in the short to medium term, but unless this is the 5th of a 3, then we are still in "Historical wave-II" and will head back toward the lows eventually. In the case that we are in 5 of (3) right now (Where 1200 was 3 of (3) ), then there will be many disappointed bulls around here when we only get marginally higher ATH than previous and we see a bear market that follows that would dwarf the great bear of 2014/15.

Bitcoin Correlations to Macro Environment: Gold and Yuan Standouts

https://tradeblock.com/blog/bitcoin-correlations-to-macro-environment-gold-and-yuan-standouts

Dude , thanks for this! For bumping up the thread too. Market has been sideways choppy dragging. And it is obvious we are waiting for a break (out).

Like you, I have been watching if market plays out similar to May - June - August 2014. Mostly to see if it plays out similarly but with a factor of X2/ X1.5

Also because it looks like an ab ($346 - $687) lower magnitude of AB ($198 - $500)

I am off to a fieldwork. So won't be posting much this week. Please post when you can. Especially fundamentals - fallen off the wagon on this especially.

From DanV

Just to highlight one possibility that has been opened since early 2015 which I covered in my Youtube video in early 2015 as a possibility (rather a long video) but I am becoming more and more open to it. That is since BTCUSD's earliest price data available, it might have completed a wave cycle at Nov 2013 high. In this scenario, it would likley take several years to retest ATH and could continue sideways chop or meander to the downside for lot longer than many might be willing to consider possible.

Besides the possible wave counts, what you have to wonder is, that so many are relying on weekly MACD and either reading is as bullish development or wishing it will be more accurately. However, this is a second time MACD is crossing its signal line to the downside on this weekly time frame, so where might it lead to?

Because if we have this scenario and MACD develops bearish momentum then you will be left speechless whilst considering the implication. Here is the chart:

Bullish forecast

scalability has been addressed as far as i'm concerned. segwit + 10MB limit will mean very high capacity. not sure what all the fuss is about with bitcoin classic and now the new "more sensible" BIP for 2MB blocks. sure 2MB are more sensible but not necessary with segwit. I'm all for 2MB but would rather see segwit and 6 months later when bitcoin TX vol has once again doubled increase the block size + implement more "segwit" like thingys, everything going to work out... fact everyone is getting ready for a fork means low prices.


Adam's prediction: <360 never again
Adam's Cheap Coins Target: 367

from https://bt.irlbtc.com/view/796276.20

We might just see a civil war.. Alas a lot or following classic..