Who are they? Do you just want to talk down bitcoin. Without source and evidence, people will not treat that seriously.
You will find plenty of evidence of double digits predictions all over the chart guys threads during last winter. Here is one prediction by a chart guy called RyNinDaCleM. They were predicting $80 coins, and sometimes $50 coins last winter, but they cheapest they went to was $150.
it's charts like this that lead me to hesitate on calling this a top though, how do you see this developing if your model was invalidated and the bull run were to continue?
https://www.tradingview.com/v/nOHd1wTW/The analysis given is a local count. it may fit within the bigger picture in many ways including that count. Im not sure about that one though, I dont think falling wedges may occur in wave position A.
Yes, you can have a leading diagonal in wave-A however, it will be just like a wave-1 LD in that it will have 5 clear, impulsive waves. Takes form of 5-3-5-3-5 and has overlap of 4-1. It fulfills two of those requirements, but not the impulsive one. If it were a LD, the B would hit 50% of the fall from 1163-152 in very short order and the C
will very likely end up in the double digits. I do not subscribe to a LD formation, personally, but that's not to say it's not a complex correction taking the basic shape of a diagonal.
I personally would think a slow and steady growth like we've had the past few weeks would be very bullish?
Is that a statement or a question?
Wow the defamation and even more so, the quote taken out of context.
That was not a prediction. I was replying if the year of down trend was a leading diagonal then a C would go there. Reread that and tell me where I said anything that can be construed as a prediction. I even said I don't subscribe to the LD scenario, ffs.
double digits they said..
Im interested here.
Care to share some of the links who are you talking about then we will discussed some of the basis they will shown here in the community. I will wait.
There was a poll about it with a few sub $100 predictions. There are a few sub 100 posts copied below the link.
POLL:How likely do you think it is we see double digits in 2015?I posted a screenshot of this chart guy's post so you can see his signature says the sentiment's still bearish now.
This I said and there is nothing that has invalidated it yet. I however, still never said 100%.
You guys seem to be missing something here. Nothing about TA is 100% guaranteed. You all seem to think that perfect accuracy is mandatory for someone posting their analysis (for free). Well, I got news for you, no analyst ever has had a perfect track record. I've made some mistakes, but if you look at my thread, you will see that few members here had the accuracy that I did. I actually had to stop because the front running of my calls was such that it began affecting my own trades.
My sig is MY sentiment. Not what I see in this forum. Otherwise it would say something like "exuberantly bullish" or "bullish delirium" or something to that effect.
You guys certainly do claim victory prematurely, but that's ok! You also watch as your net worth bleeds out. That's ok too. Some just don't have it, and again, that is ok. But you have no right to bitch if you contribute ZERO useful content of your own. I at least, put myself and my analysis on the line (whether right or wrong).
"They" said 900, 800, 500, 300...etc, was the bottom. "They" said it could never go that low. You know what? "They" were wrong too, but it's ok since those were bullish calls. I get it! One sided bias is ok around here as long as it conforms to the status quo.
Good times, guys, thanks!
