Up late and saw an interesting pattern in ZCASH which I have been waiting for some signal we have bottomed. Well I think we are there and we are starting a new BULL Cycle. Let me know what you think. Feedback, ideas, and comments greatly appreciated.
Under EW theory, the ultimate Long Trend of something like the DJIA is always up because of the productivity of mankind, nature's laws, blah blah.
You hold that the ultimate Long Trend for Bitcoin is also up.
But with altcoins, can we conceive of a coin being worth more than 1 BTC and advancing on even further?
If we can't, then aren't all ALT-BTC charts ultimately in a Down Trend? If so, then what look like upward motive waves in a longterm trend to us are actually corrective waves in the largest degree of trend, right?
In ZEC for example, how does the 4-month plummet from 20 BTC to 0.0228 BTC figure into counting super cycle waves?
Should we be looking at ALT-BTC charts upside down?
I think it has to do with how BTC is the only truly decentralized coin so it will be the gold of cryptos!
cardan6006
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your opinion, the zec will go home to 0.047?
TauCeti
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Hey @goldbug1 May You, please, give us some update for Zec.
goldbug1
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@TauCeti, Yes it just went through the roof ;) wow. I posted on ZEC on the 27th, and nothing really has changed. I would not be buying here, the final 5th wave very dangerous entry point, could pull back 30% from here, and unless I missed something it will. I had a little position that I had built up trading and I just sold it. I had a target of 0.09 and it just shot by that. The chart is still valid. I believe this is a good sign, as it has finally moved, I still like DASH more.
If your in I would take a little off the top unless you know something other than the bitthumb exchange rumor. That's pretty amazing!
WillRoper
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@goldbug1, why do I feel like this chart is flipping me the bird?
goldbug1
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@WillRoper, LOL it completed wave 1 and 2 in a night! just adjust the count according to the market keep in mind wave 2 may not have completed yet.
WillRoper
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Do you think your super-cycle counts are still correct, @goldbug1 ?
goldbug1
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@WillRoper, absolutely still in play. it went to a falling wedge which is bullish. I'm going through analyzing different coins as the market is mixed right now.
WillRoper
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@goldbug1, it'd be interesting to see your counts for ZEC-USD!
Under EW theory, the ultimate Long Trend of something like the DJIA is always up because of the productivity of mankind, nature's laws, blah blah.
You hold that the ultimate Long Trend for Bitcoin is also up.
But with altcoins, can we conceive of a coin being worth more than 1 BTC and advancing on even further?
If we can't, then aren't all ALT-BTC charts ultimately in a Down Trend? If so, then what look like upward motive waves in a longterm trend to us are actually corrective waves in the largest degree of trend, right?
In ZEC for example, how does the 4-month plummet from 20 BTC to 0.0228 BTC figure into counting super cycle waves?
Should we be looking at ALT-BTC charts upside down?