<snip bearish "TA">
weekly rsi has bear div and is heading down, it has to brake 70 to make the drop happen
You lose all credibility not knowing the difference between brake and break. lol, im not a native english speaker, doesnt mean i dont know TA, your argument is stupid |
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weekly bar has closed inside the bollinger bands standard deviations, check how many times in the history we have not gone down more after the first dump: 1 and 6 times we have closed inside and gone deeper in coming weeks
weekly rsi has bear div and is heading down, it has to brake 70 to make the drop happen
drop to new lower lows is the most likely option, but if we are not doing that then the next likely option is that we triangle for at least a month, probably two, like we did the 1 time that we didnt do lower lows after we closed inside weekly BB
alts are going up, money will start to flow there while bitcoin drops or corrects for awhile
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weekly bar has closed inside the bollinger bands standard deviations, check how many times in the history we have not gone down more after the first dump: 1 and 6 times we have closed inside and gone deeper in coming weeks
weekly rsi has bear div and is heading down, it has to brake 70 to make the drop happen
drop to new lower lows is the most likely option, but if we are not doing that then the next likely option is that we triangle for at least a month, probably two, like we did the 1 time that we didnt do lower lows after we closed inside weekly BB
alts are going up, money will start to flow there while bitcoin drops or corrects for awhile
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i think this might be just a small correction before the final fomo spike to 1500-1700usd, after that we probably get bigger dumps
- EWO shows bull div on 4h
- RSI shows bull div on 1d
- might be wave 4 from impulse from 735.26usd bitfinex bottom
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buy 276.56 (bitcoinaverage)
buy 274.71 (coindesk)
idk which one i should use so i put both there
yay, it took a while but im green  no hurry to sell yet |
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useless charts, they are even different time frame...
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Solid analysis right there  Though there might be missing few LOL's from the middle |
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buy 276.56 (bitcoinaverage)
buy 274.71 (coindesk)
idk which one i should use so i put both there
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in luc's option wave 2 is too short, bear market can not be wave 2, maybe wave 4, but imo ryn's option where 166 was wave A bottom and now we are having wave B is the most likely option, so 50-62% retrace from 1100 is the most likely target, or even just 38%, though it could make even smallish HH http://www.tradingfives.com/articles/elliott-wave-guide.htmhere is a chart from RyNinDaCleM  I haven't seen that chart from RyNinDaCleM until now, maybe he didn't show it in this forum so the permabulls don't call him names? According to that chart, the bear market would last until July 2017, but the block reward halving is at the end of July 2016. So the price could be around 250$ in July 2016 and only around 50$ one year after the block reward halving? I find this impossible, unless there will be some major technical flaw with bitcoin, in which case double digits would be expensive, I hope such a disaster wont happen. B is usually 50-100% of A so that can realize faster. This chart has been here before. I would not post it otherwise. |
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in luc's option wave 2 is too short, bear market can not be wave 2, maybe wave 4, but imo ryn's option where 166 was wave A bottom and now we are having wave B is the most likely option, so 50-62% retrace from 1100 is the most likely target, or even just 38%, though it could make even smallish HH http://www.tradingfives.com/articles/elliott-wave-guide.htmhere is a chart from RyNinDaCleM |
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oh shit i have lost my top1 position, congrats lithium
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sell @271.1
(hope that the spreadsheet is correct and my trade is valid)
you know you can always trade,I hope ? No need t wait for updates of the spreadsheet  yes, it's valid and will be included in the next update (right before the 15th) Yes but sometimes I forgot my last trade and I use the spreadsheet as reference, and sometimes I do invalid trades because of it. And again right after I sell the price rises, I love my luck you can use forum search for your own posts to check your last trade and it is not luck |
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i have a suggestion: every time one of you guys starts updating, post to this thread so that other one doesn't start in the same time, but not before you have started  |
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Hey guys,
I suspected that this would be a bear trap. It seems waiting for some action was a good idea.
Now commencing is an impulsve count, targeting original upside targets. Lets give it some time and see how it unfolds.
Ill add that chasing the price is never wise, this time no exception. we should get a fair dip and signal.
This is most likely a correction like paypal was. Could be 2 of V if that recent fall from 378 was 1 of V. Don't you think you have little too much bull bias in you? "Sell the News" works usually. imo not so obviously this time, but yes, good reminder this one DISCLAIMER, i have a bit bearish bias in me I dont believe this rally has anything to do with news, its a BIG publicity stunt and big wealth transfer is occuring globally. There is no news to sell. Its not like the paypal rally at all because its gradual and persistent, and we have compounded a lot more evidence over time to support it. If I could see a good bearish count I would track it beside but I dont. Sorry, yep it is not like paypal rally, i just meant that you have a bit too much bull bias in you again. What big wealth transfer btw? One could think grexit to be the news this time, but in a longer time frame, but i don't really focus on news that much. Ryn has showed in this thread a good count or then we might be in a longer correction, but to declare that the bottom would be in, that is way too early and imo not likely. |
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Hey guys,
I suspected that this would be a bear trap. It seems waiting for some action was a good idea.
Now commencing is an impulsve count, targeting original upside targets. Lets give it some time and see how it unfolds.
Ill add that chasing the price is never wise, this time no exception. we should get a fair dip and signal.
This is most likely a correction like paypal was. Could be 2 of V if that recent fall from 378 was 1 of V. Don't you think you have little too much bull bias in you? "Sell the News" works usually. imo not so obviously this time, but yes, good reminder this one DISCLAIMER, i have a bit bearish bias in me |
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risk management allows you to fish good opportunities, it doesn't make you bad trader if you lose in most of your trades IF you have solid risk management, winning trades can be so big that it is profitable in the long run, requires nerves of steel
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