this is an authentic sample of social mood. bearish.

 

haha nice one!

is PBOC going to make an announcement about the 3d macd? 

Yeah im sick of it.  I guess that means it's gonna do something soon.... or is it?

one way or the other  which way are you thinking??

long consolidation lasting days. this contracting wedge needs to break out soonish, rule of thumb, it will continue in the direction in came. UP.
breaking support at 470ish is quite bearish, although this has been proven very hard to do in bearish cases in the last few days. there is much support.

can you give us an illustration of the triangle?

so you think it can expand 10x? ok.

anyhow, no point arguing about it now. the counts will be proven within a $30 move either way. Ill come back in a few hours.

just like in all the last bubbles? yeah, a fib is about to trigger all right.... just wait till the stock market fib triggers and hundreds of trillions of USD needs a new home. where will it go? USD, gold, and a very small fraction (say half a trillion) bitcoin.

this is an EW thread, not a TA thread. none the less, TA is the economical and geometrical necessity of buying low selling high. it does not lose significance during periods of manipulation.

yeah it can... easily. do you realise how much money there is in the world?

right so volume is fake when you like, and troll walls are real when you like. I wasn't referring to the volume anyway, just so happens that the price is rising. is that bullish or bearish?

Of coarse it wont be infinite. but the market cap is so small, it can easily grow 10x still.

chinese issues are in the past..... do you think it's bearish that the chinese are buying like crazy?

China is in the past, the market is forward looking. exchanges are opening in America and Europe and the UK one after the other, and they have exposure to hundreds of billions of dollars. soon all issues will become irrelevant.

MtGox liquidation? that situation is far from clear. coins will not be liquidated on the market, they will likely be returned to customers. why should that make an impact when 3600 coins are mined every day? we dont even know when the legal proceedings will be finished, this may only be an issue in the distant future.

hey cool it, I know about sentiment just as well as you. I dont like your count because you couldn't justify the fundamentals, and that means a lot more than a EMA.

you say in addition to EW, maybe, but not on its own, it is not a forecasting tool. I have a bullish count, and I have fundamentals. I've been rightly a bear in the bear market and I think it has come to an end.

Thats EW analysis and a bearish count   I dont like.

TA is risk management. does not forecast like EW.

primary on stamp.  

I never said they were 

EMA sell walls troll walls Huobi rising H&S support resistance etc is all TA. none of them point to 266 

EMAs are not an integral part of EW analysis. that is your style. I watch the fundamentals.

Huobi is rising after a massive troll wall. I think I know what that means. wave V is still a real possibility. we have evidence for a lot of support in this area. Im not turning bear until we break 475.

EMAs are only small edges.... they are usually out of tune with the market waves because of abstract time scales. I use my eyes, not EMAs. I see a juncture, that is all that matters to me.
Huobi is rising as we speak.... maybe we should talk in a few hours.

no, the question is who will sell.... he wants people to sell to his bid walls. there is obviously support in the area.

trend lines do not define elliot waves..... there is a primary wave on stamp if you didnt notice.