MichielVan_Kets

MichielVan_Kets

what? yes of course I just guessed ... what? yes, I know I could do those Fibonacci circles ... pfff but you know what ... they're damn tricky, it takes me an hour or 2 for starters, then I need to wait 24 hours to allow my brain to refresh and take another look and adjust it ... I repeat that 4-5 times and then ... yes, I do usually get them pretty good...

MichielVan_Kets

as well wave 1 and 3 might actually go higher but when it comes down to taking safe bets; the early stages of wave 3; usually also the large wave... that's always best bet so ... we wait for wave 2 to finish and once it's obvious that wave 3 has indeed started ... we're all in and then we just try to guess how high that wave will actually go, but no worries,...

MichielVan_Kets Updated 

ETH just finished a 5 wave down so, we're in leg 1 of the next wave ... it's going up

MichielVan_Kets

On the left, in orange, you can see the monthly RSI of Bitcoin. On the right, in yellow, you can see how the monthly RSI of a currency that's stable enough to be the next world reserve currency is supposed to look like. Can you see the problem ?!?

MichielVan_Kets

up to now we've been testing the highs for sure, but not really the lows ... the monthly RSI is at its lowest now; yet still 40 !! looks like we're about to find out what the lowest monthly RSI for bitcoin really is and it's not 40, believe me !!

MichielVan_Kets

what if ... we are in this long term channel and after hitting the top trend line twice, we know exactly where it is, but we're still not really all that sure about the bottom ... we started at the bottom obviously, but since then we've never been there again ... I'm afraid we're about to find out by getting dragged along the bottom for several years ... to...

MichielVan_Kets

the last 2 waves we escaped the bottom and hit the top twice ... that's all good, but we do need to know what the actual bottom trend line is, so we're about to find out ... twice !! pure speculation ...

MichielVan_Kets

we tested the upper limit twice now ... are we about to test the lowest bottom trend line in the next several years ... twice ?!? if you're worried it might ... don't look at the monthly RSI ... very scary !!

MichielVan_Kets Updated 

What if we're not going to see another peak like we did twice before and bitcoin is just going to keep growing, but more stable ?!? that would be a good thing ...

MichielVan_Kets Updated 

fibonacci circles on the AT lows = on the long term trend line look at aug - sept 2015 and agree with me; the ultimate signal that the bottom is in, is when we get back above the trendline ... in order for that to happen, we first need to drop below the trendline ... that didn't happen yet not to say it has to happen, but in 2015, before we went parabolic, we...

MichielVan_Kets

last leg of the Elliot wave this while that diagonal line is one of the lower trendlines of the Fibonacci channel, which we've been following for years ...

MichielVan_Kets

just messing around ... I can see the elliot wave up to point 4, but how to pick point 5? no idea, so I'm just testing it a bit here

MichielVan_Kets

those are all trendlines drawn in between 2012 and 2017 ... they're very strong look around, you will see how many touch points there are

MichielVan_Kets

we're not done yet hard to say what it will do once it hit 12k, but it does look like it will hit the 12k ...

MichielVan_Kets

wait and see, but at some point it has to happen in order for bitcoin to actually make a difference

MichielVan_Kets

we're not going to see those extreme peaks nor drops anymore ... it's become more stable ... which is important for a currency ....

MichielVan_Kets Updated 

We're about to shoot up to $275k, but ... not yet.

MichielVan_Kets Updated 

even if it were to hit 11k ... it's still in an upwards trend !!