BITFINEX:BSVUSD remains a STRONG BUY.
Please see previous BITFINEX:BSVUSD for further analysis.
Long story short,
BTCUSD
was compromised by two competing factions of crypto engineers.
The factions working on the protocol
BTCUSD
couldn't come to an agreement on how to scale
BTCUSD
.
The disagreement led to
BTCUSD
being forked resulting in
BCHUSD
.
But, the factions continued to disagree which resulted in
BCHUSD
being forked. The fork created POLONIEX:BCHABCUSDT and BITFINEX:BSVUSD.
The disagreements put the 'Nakamoto Consensus' to the ultimate test.
Nakamoto consensus is a name for Bitcoin’s decentralized, pseudonymous consensus protocol. It is considered as Bitcoin’s core innovation and its key to success. The consensus protocol doesn’t require any trusted parties or pre-assumed identities among the participants.
Bitcoin’s consensus algorithm, hereby referred to as “Nakamoto Consensus”, powers many cryptocurrencies today. The basic concept is simple, the state is organized into a tree structure, or “block tree.” Each node in the tree is a valid block of transactions, and blocks necessarily point to the previous block’s cryptographic hash. Nodes reach consensus by selecting a path in this tree of valid blocks. This is the basic structure which defines many cryptocurrencies.
In Nakamoto Consensus, “Proof-of-Work” defines a mechanism which enforces an easily verifiable but difficult to compute delay. Originally defined by Adam Back’s Hashcash paper , PoW is effectively used by many cryptocurrencies to place a control on the rate of block generation, and to provide a mechanism for block proposers (miners) to be chosen. Proof-of-Work is hard to produce and easy to verify. An algorithm exists for adjusting the “work” parameter, ensuring that the time to create each block maintains relatively constant.
Consensus can be reached by selecting the “longest” chain of valid blocks. In the Bitcoin whitepaper, and some other documentation, it is indicated that the honest chain grows the longest, assuming that 51% or less of the miners are malicious. Therefore, the longest chain can be considered to be the chain with the most invested Proof-of-Work:
In short, Miners use their hash to vote on the Blockchain.
Miners supporting POLONIEX:BCHABCUSDC will move their hash to mine its Blockchain.
Miners supporting BITFINEX:BSVUSD will move their hash to mine its Blockchain.
Before the Fork, BITFINEX:BSVUSD camp had over 70% of Miners hash.
Monthly Chart:
High Wave 2 Retrace > 78.6%
High Wave 3 Target Area $407-$277
Will update with more detailed analysis of BITFINEX:BSVUSD inner waves.
FMW
Please see previous BITFINEX:BSVUSD for further analysis.
Long story short,
BTCUSD
was compromised by two competing factions of crypto engineers. The factions working on the protocol
BTCUSD
couldn't come to an agreement on how to scale
BTCUSD
. The disagreement led to
BTCUSD
being forked resulting in
BCHUSD
. But, the factions continued to disagree which resulted in
BCHUSD
being forked. The fork created POLONIEX:BCHABCUSDT and BITFINEX:BSVUSD. The disagreements put the 'Nakamoto Consensus' to the ultimate test.
Nakamoto consensus is a name for Bitcoin’s decentralized, pseudonymous consensus protocol. It is considered as Bitcoin’s core innovation and its key to success. The consensus protocol doesn’t require any trusted parties or pre-assumed identities among the participants.
Bitcoin’s consensus algorithm, hereby referred to as “Nakamoto Consensus”, powers many cryptocurrencies today. The basic concept is simple, the state is organized into a tree structure, or “block tree.” Each node in the tree is a valid block of transactions, and blocks necessarily point to the previous block’s cryptographic hash. Nodes reach consensus by selecting a path in this tree of valid blocks. This is the basic structure which defines many cryptocurrencies.
In Nakamoto Consensus, “Proof-of-Work” defines a mechanism which enforces an easily verifiable but difficult to compute delay. Originally defined by Adam Back’s Hashcash paper , PoW is effectively used by many cryptocurrencies to place a control on the rate of block generation, and to provide a mechanism for block proposers (miners) to be chosen. Proof-of-Work is hard to produce and easy to verify. An algorithm exists for adjusting the “work” parameter, ensuring that the time to create each block maintains relatively constant.
Consensus can be reached by selecting the “longest” chain of valid blocks. In the Bitcoin whitepaper, and some other documentation, it is indicated that the honest chain grows the longest, assuming that 51% or less of the miners are malicious. Therefore, the longest chain can be considered to be the chain with the most invested Proof-of-Work:
In short, Miners use their hash to vote on the Blockchain.
Miners supporting POLONIEX:BCHABCUSDC will move their hash to mine its Blockchain.
Miners supporting BITFINEX:BSVUSD will move their hash to mine its Blockchain.
Before the Fork, BITFINEX:BSVUSD camp had over 70% of Miners hash.
Monthly Chart:
High Wave 2 Retrace > 78.6%
High Wave 3 Target Area $407-$277
Will update with more detailed analysis of BITFINEX:BSVUSD inner waves.
FMW
ความคิดเห็น:
Pick up from last analysis...
ความคิดเห็น:
ความคิดเห็น:
Near-Term Target = $220.11
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
Higher Wave Sequence is still extending...
Correction Sequence is completing now...
Correction Sequence is completing now...
ความคิดเห็น:
ความคิดเห็น:
Minor Wave 1 = 130%
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
When $220 breaks...
Look to $396...
Look to $396...
ความคิดเห็น:
It's time for the MAJOR BREAK!
ความคิดเห็น:
$220.11 Target Hit.
ความคิดเห็น:
ความคิดเห็น:
$220.11 was another extension trigger...
ความคิดเห็น:
ความคิดเห็น:
If Wave 1 & Wave 3 Trend near equality...
ความคิดเห็น:
ความคิดเห็น:
Then you would expect to see Wave 3 Terminal around $339.00...
ความคิดเห็น:
Remember: Wave Rule: Wave 3 CANNOT be the shortest wave...
ความคิดเห็น:
If I see any signs of a significant pull back, I will update the analysis.
ความคิดเห็น:
Coincidence Crypto breaks-out after US dis-labels China a currency manipulator?
ความคิดเห็น:
U.S. Drops China’s Currency Manipulator Label Ahead of Trade Deal
Move comes two days before planned signing of a trade deal
www.wsj.com/articles...ade-deal-11578936073
Move comes two days before planned signing of a trade deal
www.wsj.com/articles...ade-deal-11578936073
ความคิดเห็น:
Prediction: Crypto will be the largest Transfer of Wealth in Generations
Here is an example of New Crypto Applications:
Safari, Chrome, Firefox Killer?
get.cryptobrowser.site/10607373
Here is an example of New Crypto Applications:
Safari, Chrome, Firefox Killer?
get.cryptobrowser.site/10607373
ความคิดเห็น:
ความคิดเห็น:
$220.11 Hit...
$396.31 Hit...
$407.82 Hit...
High 3rd Wave Extension Triggered...
Wave Rule = Extensions have no specific terminal level.
$396.31 Hit...
$407.82 Hit...
High 3rd Wave Extension Triggered...
Wave Rule = Extensions have no specific terminal level.
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
Next Target is $650.65
Then, $1,040.39
In my experience, you see a pause in extensions around 4.618...
Then, $1,040.39
In my experience, you see a pause in extensions around 4.618...
ความคิดเห็น:
ความคิดเห็น:
We had a complex correction (Double ZigZag) 5-3-5 sequences...
When complex corrections you anticipate a large move...
When complex corrections you anticipate a large move...
ความคิดเห็น:
*When complex corrections finish...
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
High Wave =
36 days to Terminal
407% Gain
36 days to Terminal
407% Gain
ความคิดเห็น:
ความคิดเห็น:
Complex Correction Sequence: Double ZigZag
117 Days to complete
-73.75% Retracement
117 Days to complete
-73.75% Retracement
ความคิดเห็น:
ความคิดเห็น:
Lower Wave 1:
32 Days to Terminal
132.49% Gain
32 Days to Terminal
132.49% Gain
ความคิดเห็น:
ความคิดเห็น:
Lower Wave 2 Correction: Complex - Double ZigZag (5-3-5)
53 Days to completion
-50.19% Retracement
53 Days to completion
-50.19% Retracement
ความคิดเห็น:
Wave Rule: Alteration
ความคิดเห็น:
ความคิดเห็น:
Particular attention should be given to corrective waves. The pattern that Wave 4 takes will alternate from the pattern of Wave 2. So if Wave 2 was a simple correction, we should anticipate Wave 4 to be complex, and vice versa.
This is an enormously useful guide, allowing us to side step the difficulty of trading a complex Wave 4. If Wave 2 traveled deep, then it is likely that Wave 4 will be sub normal. If Wave 2 took more time to finish, Wave 4 will probably be a quick one.
This is an enormously useful guide, allowing us to side step the difficulty of trading a complex Wave 4. If Wave 2 traveled deep, then it is likely that Wave 4 will be sub normal. If Wave 2 took more time to finish, Wave 4 will probably be a quick one.
ความคิดเห็น:
Once a 5-wave sequence ends, look for a correction that is BIGGER than either of the prior 2 corrections. This is when you make the most money trading...
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
1 Hour Wave + Correction Sequence (1,2,3,4,5 + A,B,C)
ความคิดเห็น:
ความคิดเห็น:
Placement of Stop-loss orders...
It will be JUST BELOW the starting point of any tiny five wave move you spot.
Why?
Remember: Wave 2 can never go below the start of wave 1
It will be JUST BELOW the starting point of any tiny five wave move you spot.
Why?
Remember: Wave 2 can never go below the start of wave 1
ความคิดเห็น:
ความคิดเห็น:
Daily Chart Update:
ความคิดเห็น:
Daily Chart Update:
ความคิดเห็น:
Hourly Chart Update:
ความคิดเห็น:
ความคิดเห็น:
Immediate Target: $377
ความคิดเห็น:
Time Frame: < 48 Hours
ความคิดเห็น:
ความคิดเห็น:
Here we go...
ความคิดเห็น:
Target Area: $405-$362
ความคิดเห็น:
1 Hour Wave Count:
ความคิดเห็น:
ความคิดเห็น:
Immediate Target Area: $390-$348
ความคิดเห็น:
Key Level: $390.88 (Extension Trigger)
ความคิดเห็น:
48 Hour Time-frame is getting close...
ความคิดเห็น:
Missed 48 Hour Target....
ความคิดเห็น:
Added Fib Time Marker
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
5-3-5 Sequences in the 1st Wave Position
ความคิดเห็น:
Fib Time Marker is Feb. 4th
ความคิดเห็น:
Extremely Strong Breakout should be beginning any moment...
ความคิดเห็น:
ความคิดเห็น:
New thread coming soon...
ความคิดเห็น:
Targets remain the same...
1st: $377-$390
1st: $377-$390
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
Reminder: 5-3-5 Correction Sequences are not the same as Wave Sequences.
ความคิดเห็น:
ความคิดเห็น:
Genesis Block: bitcoinsv.io/genesis-hard-fork/
ความคิดเห็น:
ความคิดเห็น:
Above Link: Illustration of Bitcoin's Forks
ความคิดเห็น:
Genesis Block Protocol Upgrade: Removing Block Size Cap
ความคิดเห็น:
ความคิดเห็น:
Example of Micro-payments and the 'New Economy'- Twetch App
$Andrew @7208
$Andrew @7208
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
5-3 Sequence in the 30 Second Count...
Still anticipating a breakout...
Still anticipating a breakout...
ความคิดเห็น:
Looking for a Wave Sequence to form here...
ความคิดเห็น:
Looking for Volume to pick-up...
ความคิดเห็น:
Hourly Chart Update:
ความคิดเห็น:
02/04/2020 21:00
ความคิดเห็น:
ความคิดเห็น:
Time is in UTC...
Currently:
Currently:
ความคิดเห็น:
19:25
ความคิดเห็น:
snipboard.io/Rfbl5h.jpg (Time Screenshot)
ความคิดเห็น:
ความคิดเห็น:
ความคิดเห็น:
We are breaking out as expected...
ความคิดเห็น:
Working on new thread...
ความคิดเห็น:
Daily Chart Update:
ความคิดเห็น:
Hourly Chart:
ความคิดเห็น:
$1,000 Target will be hit before you know it...
ความคิดเห็น:
Wave 1 = 493%
Wave 3 Rule - Wave 3 cannot be the shortest wave...
Wave 3 Rule - Wave 3 cannot be the shortest wave...
ความคิดเห็น:
If Wave 1 & Wave 3 near equality...
If Wave 1 & Wave 3 near equality...
ความคิดเห็น:
Price Target would be around $1,407
ความคิดเห็น:
Time-frame 30-90 days to hit target...
Will do more work on Time-frame in next thread...
Will do more work on Time-frame in next thread...
ความคิดเห็น:
Earliest case scenario is 14 days...
ความคิดเห็น:
Wave 1 - 493%+ in 27 days...
ความคิดเห็น:
Third waves are wonders to behold! Prices will typically take off in a powerful fashion, and the more you delay joining in the direction of the move, the farther it will go away. Stop loss orders will all get executed and push the prices more and more. Even fundamental news will get interpreted to suit the move (i.e. even if the news was bad, the market will somehow interpret it to mean the worst is over!) During an uptrend, any trader who tries to pick a top and sell for a brief correction will soon find himself stopped out.
ความคิดเห็น:
Wave 3 is usually the longest and strongest.
ความคิดเห็น:
Wave 2 typically finishes at either the 50% or 61.8% retracement of Wave 1.
ความคิดเห็น:
What is an extension? It is a wave having disproportionately larger amplitude. How can we discover that wave 1 was extending? You know that wave 1 is, in itself, made up of five smaller waves of one lower degree. Suppose the minor wave 3 travels more than 161.8% of minor wave 1 then we are seeing an extending wave 1.
ความคิดเห็น:
Suppose wave 3 is of normal proportion. Once the minor wave 4 is finished, you should draw a channel where the lower line connects the bottom of minor wave 2 and minor wave 4. The upper parallel line should be made to touch the top of minor wave 3. If the minor wave 5 goes above the top of this channel, then we are seeing the minor wave 5 within wave 1 extending, which means the whole wave 1 is an extending wave!
ความคิดเห็น:
ความคิดเห็น:
New Thread will be done soon...
ความคิดเห็น:
We have formed a Micro-Wave Sequence and complete a correction sequence...
ความคิดเห็น:
We can use a trend-based fibonacci extension to get the target for the 3rd Micro-Wave...
ความคิดเห็น:
This produces a Target Area of $332-$360...
ความคิดเห็น:
Target Area Hit
ความคิดเห็น:
ความคิดเห็น:
Key Levels are $360 & $380...
Both Extension Triggers.
Both Extension Triggers.
ความคิดเห็น:
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
