|
to be clear luc has said previously that if price breaks w20 goes to upper line then bounces from middle line then he thinks odds for bull get considerably higher (not exactly hes words)
|
|
|
|
if you want to talk about serious walls, it is better to take a look at bitstamp, they have a great volume, and 20 wall is nothing there
a quick look in the market, has showed a 114/378/267 sell walls, the sum of the seller is still greater above 250, if they ar enot fake wall, it is better to think conservatively for the time being
This was irony or what? Assuming this was serious - two recent days had volume 40K at finex and 15K at bitstamp. The wall at finex is gradual - but it is about 20K at stamp bids to 230 is less than 6K. no i was serious, i wasn't aware that bitfinex has that high volume, i always though that bitstamp had the biggest volume among all the exchange, perhaps the thing changed after it got hacked Bitstamp is at best number 5 in the exchange market. so now is bitfinex leadin the podium? if bitstamp is not even top five, what are all the other exchanges, i'm not aware of any other 4 major exchnage, besides kraken, btc-e and lake it is not that hard to find data about the subject, you just come here to spout "stamp is the biggest" based on 100 years old data? jeeeeez... |
|
|
|
Ray Charles could see that it's fake. same size bids every $0.50   didn't anyone see how the whole stairway went puff after that last top? one second there was 20k bids at 230 then just 8k. one entity has over 50% of the bfx bid side... |
|
|
|
Seems to go well with the information I was informed about Consolidation till june 20th, after that pump to $260 and then dump to $220, after that there may be another bubble. Classified inside sources  M8, could you inform us how you came to be informed about that information? good call chessnut, but how about this (B) being WXY so in that chart A=>W, B=>X and now we would have completed (a) of Y
It could be in theory but if this is a of y then I imagine c of y would break the log down trend very thoroughly as we are knocking on the door, I think that could easily lead to a fair correction of the entire downtrend, that WXY would then probably be only one part of some monsterous complex B. I mentioned a while ago that we could rally to high numbers from this base however postponing capitulation (in theory). In terms of EW it's disappointing because we are offered no evidence that the down trend is over. User 100k on Trading View seems to think we're on our way to a $21k ATH. https://www.tradingview.com/chart/BTCUSD/srgBa4UY-BTCUSD-BITSTAMP-EW-Daily-Count-Triangle-count-removed/This is an EW-thread, lol  |
|
|
|
|
good call chessnut, but how about this (B) being WXY so in that chart A=>W, B=>X and now we would have completed (a) of Y
|
|
|
|
@ Queeg Just a quick comment - on your top chart I think you have the Fib in the wrong place. It shows 100% retracement as $255 - the high on BFX was only $249.22 Other than that, I tend to agree with the long and boring triangle count  Thanks for posting so many detailed charts at differing time frames  it is price projection fib, not price retracement fib, it is for target purposes, in this case the length of A to project to possible C, which normally go to 100%-162% but now in triangle not so high as you can see |
|
|
|
that A could be a B of (Z) (THE BOTTOM) and iii of (iii) of C of (Z) now starting
I dont see any reason to count it as a complex correction what else this bear market could be? in ABC, C is too long |
|
|
|
|
that A could be a B of (Z) (THE BOTTOM) and iii of (iii) of C of (Z) now starting
|
|
|
|
|
i don't post charts but it could be WXY or ABC and it could be topping right now, we have pretty clear 5 waver with divergence between 3 and 5 for some C probably
|
|
|
|
So all this up was shorting closing, sadly the price didn't move much but shorts closed were a huge amount. If there is no followup things are not looking good at all
Some 6k shorts closed, a few more longs opened, which are now at the highest level since August 2014, guess what's coming next weekend?  |
|
|
|
This is what i'm seeing now.  Top at $303 counts Brown arrow $213 is a motive. Not sure whether, it is larger 1 of 2 OR an unfolding larger 3 (ie not complete). Next brown arrow is a corrective of the motive. [Edit] I see my 4 here breaks the rule of going past 1. SO maybe it could be an ABC instead of 1,2,3,4 5?
Based on this, probable forecast: A top at 5 maybe could go up to $240+ OR a weak flat 5. depends on market mood. But, after that top, should head back down to lower. Now bring on the comments *this assumes we are still in a bear, so &166 not final bottom* There is 1-4 overlap. http://www.forexhit.com/learn-forex/elliott-wave-principle.html |
|
|
|
I usually agree but I say for now this is as low as the price can go.
Too many people are willing to buy.
We will probably not see 200 again anytime soon.
you have any data to back that up? imo longs starts to squeeze after 200-215 so if that fails to hold, then we go deep, question is does it brake now or after bounce not so much if IMO the long squeeze will come after the bounce. The market is not yet ready for another capitulation, more bulls need to lose hope. i don't know, but there is definitely option that long squeeze comes soon, good to keep in mind |
|
|
|
|
Show Posts
