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for the love of Satan please stop bumping this thread... if you are not luc!!
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Well I mean it seems that everyone has forgotten that there is still a blocksize debate going on, and the direction of where bitcoin goes from here doesn't necessarily matter any more because of "da halving!!  ". Where the devs take it from here is very important for Bitcoins long time success, and what people are proposing from both sides on the topic of what the block size should be would be a huge change in the structure of bitcoin block chain itself... So what I'm trying to say, is that if a bad mistake were to happen in this debate and the possible fork fails, then we would see a major decline in price because there would be no more trust in how bitcoin operates at it's most fundamental level. Yup. This is spot on. I am all for drawing lines, but in the end this is what is going to make the price go up or down in the coming months. In other words, your best indicator is the bitcoindev mailing list. |
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 looks like a good old fashioned bitcoin triangle. Good thing we are in an uptrend. |
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I would like to stay in this channel til halving but dont really believe it. The dump was massive. Have to test the lower line and wait for the workshop results imo.  The volume was lower on the dumps than it was on the pumps, so the uptrend should still be valid. |
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Luc, I hope you got back in on one of these drops down to 360ish. Hope to see you again my friend.
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Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.
Anyway, this is above my skillz. I waited this great 3, it comes suddenly. I quit. Bye guys. Analysis ended.
Analysis or not, I hope you still stick around. Your presence would be greatly missed here. +1 |
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I decline to analze this. The multi year Great 3 has been started.   i lol'd so hard everyone is looking at me funny |
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 looks like $460 is the next line of resistance. |
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3 minutes MACD lol
And for so long, I just thought it was hubris... |
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Well, I took a small short at 475$, let's see how this goes...
Edit: didn't confirm, so I closed it. Will wait until 3 min MACD will cross to negative, should take 1 - 2 hours.
lol tzupy you will never learn man. That the piglets are insane, that's indeed hard for me to learn. The bid sum in China has been decreasing, but the asks are thin, and only inertia kept this shit going up. The market can be irrational longer than you can be solvent. AKA the history of bears in bitcoin. |
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Well, I took a small short at 475$, let's see how this goes...
Edit: didn't confirm, so I closed it. Will wait until 3 min MACD will cross to negative, should take 1 - 2 hours.
lol tzupy you will never learn man. |
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$3k would be pretty conservative imo. We are at the very low end of the log channel with a huge amount of free space above. When we make an ATH, all bets are off.
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that was massive sell volume on BFX and the train keeps on going. Impressive.
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Look at the comments. "Clearly from the 2 scenarios the Megaphone pattern appears to have failed." - Dan V yup that count was annihilated. |
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what's the E-wave count that says we're going to $700-$800 very soon? that one is probably the right one
 If I am reading this accurately, it looks to be following the yellow count quite well and the rally should end around $400? Yes with 100$ around August 2016.....  then crazy ride after! if we've learnt anything from this past month, is that when BTC goes up, it does it in style! I don't see any conceivable way we reach sub 200$ btc during the halving but hey... if that works for you.... almost invalidated  |
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yep that is what i was referring to. I don't see this affecting the price much at the moment however... |
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Price currently piercing upper end of the channel... and its being lead by the west this time. |
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what's the E-wave count that says we're going to $700-$800 very soon? that one is probably the right one
If I am reading this accurately, it looks to be following the yellow count quite well and the rally should end around $400? |
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Very nice graphic thanks. I wonder however what effect the latest "loosening" of capital controls will have |
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Looks like the ZH guys are out. What are the ZH guys ? zerohedge |
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