I tried to make a good reflection of the whole cryptomarket. I only could do this with coins that been trading for more than a year. Otherwise the chart did not work. So I made a chart with the following coins:
BTC             , ETH, XRP, LTC, DASH, NEO, MONERO, XEM            

If people also wanna chart on this chart use the following ticker:
COINBASE:BTCUSD*16692550+BITFINEX:ETHUSD*92862174+BITTREX:XRPUSD*38622892459+BITFINEX:LTCUSD*53927233+BITTREX:DASHUSD*7701656+BITTREX:NEOUSD*65000000+BITTREX:XMRUSD*15377976+BITTREX:XEMUSD*8999999999

About the charts
The first chart you see is on the logic alghoritme. The second one in normal view.

On the first alghoritme we see a big rising wedge! On the second one you see the beautifull elliot-wave pattern. The 5th wave or 3th wave up reached the 1.618 fibonacci level, the same level als the last crash.

I think there could be an abc-correction wave. With a total retracement of the whole cryptocurrancy market of 35-55%.

Some other information to think about. Correct me when i'm wrong!
First crash:
-20 june the total marketcap of cryptocurrancies was 115 million.
-16 july the total marketcap of cryptocurrancies 67 million

Trigger: The first bitcoin             fork?

Second crash:
-1 september the total marketcap of cryptocurrancies was 174 million.
-15 september the total marketcap of cryptocurrancies was 109 million.

Trigger: China Ban?

The last and upcomming crash>
It should be time for a correction of the total market! I think there is a huge change.

Trigger: I really think the Tether usd hack could trigger a crash.

Last thing I want to say, I try to do an objective view. I believe it will happen. You don't have to agree with me, take your own conclusion!
Komen: Ether: $35.238.715.743
Ripple: $9.114.384.654
DASH: $3.878.805.057
Litecoin: $3.860.223.225
NEO: $2.267.700.500
Monero: $2.175.599.173
NEM: $1.871.793.000
Total except bitcoin: 54.000.000.000 usd

The bitcoin dominance is 56%. So the total marketcap of the other coins should be 44%.

Total marketcap: 54.000.000.000 / 44% = 122.727.000.000 usd
Bitcoin: 122.727.000.000 - 54.000.000.000 = 68.727.000.000 usd

So the bitcoin should multiplied by 68.727.000.000 / 138.000.000.000 = 50%

The ticker code is now: COINBASE:BTCUSD*16692550*0,5+BITFINEX:ETHUSD*92862174+BITTREX:XRPUSD*38622892459+BITFINEX:LTCUSD*53927233+BITTREX:DASHUSD*7701656+BITTREX:NEOUSD*65000000+BITTREX:XMRUSD*15377976+BITTREX:XEMUSD*8999999999

I made a new and better representive chart:
Komen: Look at this! We just hitted the 2.0 level and almost 10k btc price.

Are we gonna see a pullback this week?

Pretty spot on!
Balas
I have to say this is one of the best charts I have ever seen, not because it was accurate in it's prediction but because it showed exactly what happens when the market blows through the top of the channel like that. The market did then subsequently have a correction and in fact the end date and end point of the correction predicted by you were perfectly precise. Instead of being -1.618, it was +1.618 which makes sense as a completion of the test of the top of the channel break. I have come back to this chart 100s of times since November and made a lot of money as a result of the lines you drew and the precision with which you drew them. I am curious how you drew all your fibonacci lines and how you drew the retracement levels and dates. I mean the precision is just eerie! Thanks!
+2 Balas
CryptoPredictions CryptoTaoist
@CryptoTaoist, Great compliment! Yes, we should have corrected here, but instead of this we did get insane parabolic move.

If you like you can join my private trading group on Discord. https://discord.gg/kZYvj7n We can do discussions there.
+3 Balas
ololommm CryptoPredictions
@CryptoPredictions, Create channel in the telegram
Balas
The charts are not for prediction first of all.
Balas
FAIL
+2 Balas
Interesting that you got the date of the retracement correct for leg A (you have Dec 23 12noon), except not the lower channel but the upper channel! I am wondering if you could post the unweighted graph again (Bitcoin at full value). I want to buy when the retracement hits the top of the channel. Thanks so much for your research it has been really helpful!
Balas
that didn't age very well.
Balas
is it still valid or market took its resistance level to its new support and it will going to act according to this new trend??
Balas
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