Yet another analyst :)

[bitcoinBull]

Bah... Idiots around. What difference - up or down? The main thing is MOVE. Move +/-30..70%

Besides, looks like move will be with + sign.

Why do you use a linear chart? I'd like to see the channel with log pricing.

[lucif]

Then draw it.

I don't understand why everyone here think I owe them something ))

[bitcoinBull]

Then draw it.

I don't understand why everyone here think I owe them something ))

I was asking why you use linear. The wish to see a log channel was just me thinking out loud, not demanding something from you. I'll get around to drawing my own...

[cypherdoc]

Then draw it.

I don't understand why everyone here think I owe them something ))

I was asking why you use linear. The wish to see a log channel was just me thinking out loud, not demanding something from you. I'll get around to drawing my own...

he's just getting testy.  after all, he's only down 22.5/13.13= -71.4%

[lucif]

When you are talking to idiot, make sure he is not doing the same 

Ignored.

[lucif]

About ADX. It almost shows tops except bubble conditions. Here is chart.

In 2011 ADX rised above 80 and sub-$10 looked like a major top. But then it started to fall with plunge and suddenly bounced off 50 and price made a all time high after.

The situation now is very similar. Currently ADX bouncing off 60. This is too bullish to not draw attention to it.

Unfortunately, Sierra doesnt have wide ADX formula like bitcoincharts has.



So we may have the plunge in short term. If price fail to stay above 21-25 on daily and weekly candle close, plunge may be permanent. Otherwise - new highs.

[lucif]

Stocks: hanging man on weekly chart

[lucif]

Conflicting information.

We got a daily volume and RSI bearish divergence.



In other hand, if today daily and weekly candle close somewhere above 23, and especially 24 - this may be a strong signal for bullish rally to continue, as weekly candle closed above 61.8% retracement and daily above upper BB.

[lucif]

Channel broken upside. 22.5 now weekly support.
61.8% broken upside. 20.48 now weekly support.
Upper bollinger holded and 21.44 now weekly support.

[lucif]

Unfortunately for bear outlook, sub-20th forming now strong support on weekly basis.

[lucif]

My current bullish count. Wave 3 off $9.7 low ends somewhere here or a bit above.

PS. I dont make major trade decisions on EW counts, as they like live morphing

[lucif]

Ending diagonal detected denoting a possible top at 24.50 - 26.00 (top of wave 3 off $9.77 low, see pic above)

[lucif]

Even more

[arepo]

lucif, i had faith in you as a speculator. but you've made numerous unfulfilled bear calls in this thread. early on, i shorted coins but closed when i saw the trend forming. i have been uneasy about this rally ever since. i too feel that we are extremely overbought but i don't think a correction is coming for awhile. this trend has a lot of momentum.



this recent breakout after three new highs is telling. the market depth is very bullish.

i expect $25 to be broken in the next 24-hour period.

of course putting off a correction should cause a downtrend on the midterm.

[lucif]

Do you read me? I call top from now to 26. This means 25 breakout possible - if you familiar with school math.

You try to call top on bull market. Then complaint.

[lebing]

lucif, i had faith in you as a speculator

[arepo]

Do you read me? I call top from now to 26. This means 25 breakout possible - if you familiar with school math.

You try to call top on bull market. Then complaint.

we are obviously not communicating well.

im glad we agree that we will break $25 shortly. however, i do not expect a correction until the mid-term. perhaps not until as high as $30 price levels.

you call bull top. i say no

[arepo]

lucif, i had faith in you as a speculator

made me lawl

but really

the market looked really bearish back when we were in the massive triangle spanning the pirate crash price range, but then we broke out strongly upside which has turned into a self-fulfilling trend it seems.

i got out a while ago.

[lebing]

lucif, i had faith in you as a speculator

made me lawl

but really

the market looked really bearish back when we were in the massive triangle spanning the pirate crash price range, but then we broke out strongly upside which has turned into a self-fulfilling trend it seems.

i got out a while ago.

If you live in a technical cave it was bearish. When you consider the fundamentals and recent news it was and still is bullish as hell

[arepo]

If you live in a technical cave it was bearish. When you consider the fundamentals and recent news it was and still is bullish as hell

'fundamentals' and 'news' are all priced in gradually and do not cause trends but support or dampen them. the mid-term RSI was bearish until a midline bounce that actually predicted the rally.



ironically, that was about the time lucif started posting