Disliked{quote} Hi Venzen, very hard to say. Momentum and volume distribution points to the conclusion, that we are in the wave 5 or wave 4 of 5. If the top is really not in yet, I see two variants for wave 4 of 5 A) we have seen a zigzag down and are now up in wave 5 of 5 B) we have seen a zigzag down, which is the A wave of an ABC-flat down. Now up in wave B (which may be already finished) Looking at volume (the volume of the traded Bitcoins, not the USD), people placed value in the 10-100 (spike 200) USD area. From a market profile perspective, this...Ignored
thanks, infinitus
I'm not sure which wave exactly you're refering to.. I'm assuming the wave since mid-Dec which is currently near 800 (BTC-e) and 900 (MtGox)
BTC-e seems to show a zig-zag down (after a truncated 5th to the early Dec top) but the other exchanges (MtGox and Bitstamp) show a clearer triangle (3-3-3-3-3) from a late Nov top to the mid-Dec low. lady_luck often posts the BTCCNY chart which seems the clearest of the lot.
so, at thee higher degree, what do you reckon? When wave 5 prints we then have a wave 1 (of say Minute degree) in place, so down again for wave 2 to say $250...
cryptocurrency everytime