Update on the Daily; mainly to see the difference on the indicators. Especially the bottom one.
I like reading your analysis, but it would make more sense in its own thread since you're not discussion masterluc's analysis. I'll continue to post right here all I like. Did you notice the title? It says, "Analysis." Does it say, "Masterluc Analysis?" No. If Masterluc comes into the thread and asks me to kindly leave, I'll leave. Otherwise, I'm staying. |
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Update on the Daily; mainly to see the difference on the indicators. Especially the bottom one.  |
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I think you are going to be disappointed about A. the price hitting that lower trend support line in the mid 4500s and B. If it does hit that support line it might be a long time after you are predicting - therefore hitting it at a higher price.
Yes, $4,500 to mid $4,500's is too low in my opinion as well. My FIB was updated to what you see in the chart you quoted. I had a different chart with a different number when our ATH was $7,590 before it jumped up to new ATH of $7,888. That's when I made the update for the FIB RT 0.618 change due to a new ATH change. It should still say, $4,854 is the 0.618 FIB RT according to a pattern I pointed out in prior posts. Also mentioned within (+/-) 2.3% of that $4,854 number.. 1% = $48.54 2% = $97.08 2.3% = $111.64 So, anywhere from $4,742.36 to $4,965.64 for the 0.618 FIB RT. Thanks for sharing! Will be interesting to see how it plays out.  Keep in mind, the above price points came from a "pattern" I noticed. That's the main reason for sharing the FIB RT. |
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Update on the Daily WITH Indicators:  |
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Hi. We approach final phase of this 4yr of waiting. Thanks for cross postings.
I didnt beleived but knew.
Bitcoin borned new universe where time counted in blocks. And it is only Level 1 of new financial system OSI model. Are you concerned in block size? Then you should know that Ethernet has Maximum Transfer Unit of a packet of only 1500 bytes. But TCP/IP doesnt care about this. Long live Lightening!
Rare sighting on this thread ! Thanks mate for all your work. https://www.tradingview.com/u/PentarhUdi/A public update for your english followers ? I think he may have meant to convey the following message: "Hi, we have approached a final phase during this 4 years of waiting. Thanks for cross postings. I didn't have doubts; I knew. Bitcoin began/created a new universe where time is counted in blocks instead of time the way we have known it. And we are only at "Level 1" of a new financial system/OSI Schematic: I think he's referring to the first "PHYSICAL LAYER" having been laid. Are you concerned about "block size?" Then you should know that Ethernet has a maximum transfer packet rate of only 1500 bytes (1.5kbps). But TCP/IP doesn't care about this. Long live lightening!" I think he intends to convey; When looking at bitcoin [As a Network Protocol] and it's adoption in a Financial Protocol, we are only in the first Physical layer of it's adoption. The financial system is beginning to see how relevant blockchain technology is and we've only just begun this first phase of the OSI Schematic after 4 years of waiting.
Now we are entering the data link layer of this OSI Schematic; where institutions test and implement their physical blockchain layer as we advance forward to the data link layer [Linking together all of these networks (blockchains) into a seamless Network layer - 3rd level].
I could be totally off in what he intended to convey. I simply thought I would give it a shot. |
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Thanks for sharing
Sure, appreciate others sharing as well. The "Age of Information," Hey? ;-) An update mandatory since recent developments. Just as suggested with the Black text bubble and the aqua blue circles I pointed out in regards to a repeated pattern in a previous post. Looks like it did leg up a wee bit. Is it done yet? Not sure... Would have to go to lower TF. Anyway, here's the much needed update WITHOUT INDICATORS / ONLY FIBS and a little Wyckoff.  |
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Wyckoff Distribution Schematic #1:  Link to "some" of his teachings: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_methodOne section Per that article in the previous link:PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching.
BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, and heavy or urgent buying by the public is being filled by professional interests at prices near a top. A BC often occurs coincident with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price.
AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR.
ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. If a top is to be confirmed, supply will outweigh demand, and volume and spread should decrease as price approaches the resistance area of the BC. A ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs, then quickly reverses to close below resistance. After a UT, price often tests the lower boundary of the TR.
SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant.
LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest.
UTAD—upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element: the TR in Distribution Schematic #1 contains a UTAD, while the TR in Distribution Schematic #2 does not.Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax (BC). These events are usually followed by an automatic reaction (AR) and then a secondary test (ST) of the BC, often upon diminished volume. However, the uptrend may also terminate without climactic action, instead demonstrating exhaustion of demand with decreasing spread and volume, and with less upward progress made on each rally before significant supply emerges.
In a redistribution TR within a larger downtrend, phase A may look more like the start of an accumulation TR (e.g., with climactic price and volume action to the downside). However, phases B through E of a re-distribution TR can be analyzed in a similar manner to the distribution TR at the market top.
Phase B: The function of phase B is to build a cause in preparation for a new downtrend. During this time, institutions and large professional interests are disposing of their long inventory and initiating short positions in anticipation of the next markdown. The points about phase B in distribution are similar to those made for phase B in accumulation, except that the large interests are net sellers of shares as the TR evolves, with the goal of exhausting as much of the remaining demand as possible. This process leaves clues that the supply/demand balance has tilted toward supply instead of demand. For instance, SOWs are usually accompanied by significantly increased spread and volume to the downside.
Phase C: In distribution, phase C may reveal itself via an upthrust (UT) or UTAD. As noted above, a UT is the opposite of a spring. It is a price move above TR resistance that quickly reverses and closes in the TR. This is a test of the remaining demand. It is also a bull trap—it appears to signal the resumption of the uptrend but in reality is intended to “wrong-foot” uninformed break-out traders. A UT or UTAD allows large interests to mislead the public about the future trend direction and to sell additional shares at elevated prices to such break-out traders and investors before the markdown begins. In addition, a UTAD may induce smaller traders in short positions to cover and surrender their shares to the larger interests who have engineered this move.
Aggressive traders may wish to initiate short positions after a UT or UTAD. The risk/reward ratio is often quite favorable. However, the “smart money” repeatedly stops out traders who initiate such short positions with one UT after another, so it is often safer to wait until phase D and an LPSY.
Often demand is so weak in a distribution TR that price does not reach the level of the BC or initial ST. In this case, phase C's test of demand may be represented by a UT of a lower high within the TR.
Phase D: Phase D arrives after the tests in phase C show us the last gasps of demand. During phase D, price travels to or through TR support. The evidence that supply is clearly dominant increases either with a clear break of support or with a decline below the mid-point of the TR after a UT or UTAD. There are often multiple weak rallies within phase D; these LPSYs represent excellent opportunities to initiate or add to profitable short positions. Anyone still in a long position during phase D is asking for trouble.
Phase E: Phase E depicts the unfolding of the downtrend; the stock leaves the TR and supply is in control. Once TR support is broken on a major SOW, this breakdown is often tested with a rally that fails at or near support. This also represents a high-probability opportunity to sell short. Subsequent rallies during the markdown are usually feeble. Traders who have taken short positions can trail their stops as price declines. After a significant down-move, climactic action may signal the beginning of a re-distribution TR or of accumulation.I'll stop posting some of it's writings to keep from spamming the thread too much. Only wanted to provide enough to get you interested. |
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4 - Day TF With Indicators:  |
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I see most of us took off from posting on the thread for a while. Happy to see people coming back... |
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Guys Need Help:
I have a mining setup of six GTX 1060 6GB oc,
Presently I am mining ETH using Claymore miner, I want to switch to Monero mining, I tried downloading Claymore Cryptonotr GPU miner V9.7 but after multiple tries the .zip file showed error in extracting, I tried downloading Tsvi miner also but it was not working.
Help me with a like to download latest claymore miner for XMR, I want to use asia servers.
most of the videos on youtube are 3-4 months old, and the forums are of 2014..
Awesome Miner also has the latest version of Claymore's Cryptonight. I've been using Awesome Miner for quite a while now and it works well. Especially, the new (latest) version of Awesome Miner. I've mined XMR with my R9 380's, R9 390's and Rx 480's with now issues. However, I was unable to mine XMR with my NVIDIA 1080 ti rigs using Cryptonight. Currently mining ETH with my 1080 ti's. If this wasn't any help for you, maybe it will be for others. Check out the new upgrades for Awesome Miner @ http://www.awesomeminer.comBitcointalk thread for Awesome Miner: https://bitcointalk.org/index.php?topic=676942.0 |
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It seems like good news; however, don't we have to take these kinds of announcements with a kind of grain of salt.. I mean, believe it when we see it, no? Yes, totally agree. |
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More news on ETF: http://cdn.batstrading.com/resources/regulation/rule_filings/pending/2016/SR-BatsBZX-2016-30.pdfJust showing what was filed as to WHY the delay; regarding BTC as a "tangible" asset. what the SEC was analyzing was the BZX Rule 14.11 (e) (4) rule change request. This request was made so that the SEC's understanding of the custody of digital assets, which is something new to them, is accepted. Today the rule says that only tangible assets are accepted as custody and Bitcoin is not tangible. By accepting this change, the Winklevoss Bitcoin (COIN) Shares issued by Winklevoss Bitcoin Trust may be listed on the stock exchange, so the ETF may exist! Quoted this comment from Sukoi in Tradingview. |
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