Manticore
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April 10, 2013, 10:03:19 PM |
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bye lucif, this was great. Incredible.
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Bimmerhead
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April 10, 2013, 10:53:33 PM |
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Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
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BrightAnarchist
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April 10, 2013, 11:01:06 PM |
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Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3) personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet... we shall see what happens ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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thefiniteidea
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April 10, 2013, 11:46:20 PM |
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If $130 holds from here on out... anyone not holding BTC will probably be very regretful. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Crazy
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April 10, 2013, 11:47:42 PM |
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If $130 holds from here on out... anyone not holding BTC will probably be very regretful. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) January 03, 2013 From now on, every damn idiot speculator I see, I'm just responding with your join date. Indicative of? Here for profit taking. Hope you fail miserably.
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Elon Krusky
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thefiniteidea
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April 11, 2013, 12:49:20 AM Last edit: April 11, 2013, 01:43:34 AM by thefiniteidea |
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If $130 holds from here on out... anyone not holding BTC will probably be very regretful. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) January 03, 2013 From now on, every damn idiot speculator I see, I'm just responding with your join date. Indicative of? Here for profit taking. Hope you fail miserably. Right... actually note the day ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2F1.bp.blogspot.com%2F-Umiv-uP7Keo%2FUWYMCkwGP-I%2FAAAAAAAAAw8%2F4C_ksyM5iiE%2Fs1600%2Fthefiniteidea.png&t=665&c=rcHTay841sSWaQ)
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bitsalame
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Preaching the gospel of Satoshi
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April 11, 2013, 01:23:34 AM |
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Lucif wondered of there would be enough buyers for the amount of bitcoins he had. That means that he must have had a considerable amount. If he dumped them all at the same time, obviously he was the one who started the panic sell.
There is no prediction here, it was a self-fulfilled prophecy after all.
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firstcrypto
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April 11, 2013, 02:17:35 AM |
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Lucif wondered of there would be enough buyers for the amount of bitcoins he had. That means that he must have had a considerable amount. If he dumped them all at the same time, obviously he was the one who started the panic sell.
There is no prediction here, it was a self-fulfilled prophecy after all.
He sold them at what he thought was the 3 top, before the extension. So he was out of the market long time before this last euphoric leg. Looks like this will be quite painful akin to the drop from 32 to 1.8 or what it was last time. I sat through that one as well and intend to sit through this on as well. Next leg will be a thing of such beauty it will butthurt those that sell everything they got now in panic. Waiting eagerly for updates on wavecount from Lucif...
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RyNinDaCleM
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April 11, 2013, 02:55:03 AM |
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Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3) personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet... we shall see what happens ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I would just like to note, If this turns out to be the top of a Minor (1)-wave of the Major [3]-wave (Where the $31.9099 peak was the top of the Major [1]-wave) we can most certainly see any price between here and $1.994 during this correction without invalidating the Bullish counts.
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firstcrypto
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April 11, 2013, 03:04:37 AM |
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Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3) personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet... we shall see what happens ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I would just like to note, If this turns out to be the top of a Minor (1)-wave of the Major [3]-wave (Where the $31.9099 peak was the top of the Major [1]-wave) we can most certainly see any price between here and $1.994 during this correction without invalidating the Bullish counts. But it seems mostly plausible considering the time scales involved that the 31.9 peak was Major 1, the 1.994 Major 2, This peak at ~260 Major 3 and that we are now headed against Major 4. Depending what kind of correction this will be determines a little bit how low this can go. A lot of the 4th wave corrections have been those ascending bull triangles which would mean the largest drop is already finished. If its a standard ABC im not sure how deep its allowed to go without invalidating EW principles. For certainly not past 31.9. No matter what wave count this will be interesting and the third leg will come. Sentiment will be reset just enough by this fall to facilitate third leg. Sentiment even at the peak here was not euphoric in any sense which clearly indicates that there is room for more growth.
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BrightAnarchist
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April 11, 2013, 03:07:38 AM |
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Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3) personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet... we shall see what happens ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I would just like to note, If this turns out to be the top of a Minor (1)-wave of the Major [3]-wave (Where the $31.9099 peak was the top of the Major [1]-wave) we can most certainly see any price between here and $1.994 during this correction without invalidating the Bullish counts. No, it can't, because wave 4 never enters the price territory of wave 1. Cardinal rule.
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essem
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April 11, 2013, 03:09:30 AM |
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[ quote author=firstcrypto link=topic=131065.msg1799792#msg1799792 date=1365649477] Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3) personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet... we shall see what happens ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I would just like to note, If this turns out to be the top of a Minor (1)-wave of the Major [3]-wave (Where the $31.9099 peak was the top of the Major [1]-wave) we can most certainly see any price between here and $1.994 during this correction without invalidating the Bullish counts. But it seems mostly plausible considering the time scales involved that the 31.9 peak was Major 1, the 1.994 Major 2, This peak at ~260 Major 3 and that we are now headed against Major 4. Depending what kind of correction this will be determines a little bit how low this can go. A lot of the 4th wave corrections have been those ascending bull triangles which would mean the largest drop is already finished. If its a standard ABC im not sure how deep its allowed to go without invalidating EW principles. For certainly not past 31.9. No matter what wave count this will be interesting and the third leg will come. Sentiment will be reset just enough by this fall to facilitate third leg. Sentiment even at the peak here was not euphoric in any sense which clearly indicates that there is room for more growth. [/quote] Do you have trouble reading body language or emotions in general? Do you become really fixated and obsessed with activities that involve a high degree of repetition?
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RyNinDaCleM
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April 11, 2013, 03:28:24 AM |
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Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3) personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet... we shall see what happens ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I would just like to note, If this turns out to be the top of a Minor (1)-wave of the Major [3]-wave (Where the $31.9099 peak was the top of the Major [1]-wave) we can most certainly see any price between here and $1.994 during this correction without invalidating the Bullish counts. No, it can't, because wave 4 never enters the price territory of wave 1. Cardinal rule. Yes, it can! Because I'm not talking about a 4th wave now am I? I said (1) of [3] which can enter the price territory of [1]. This is because the beginning of this possible (1) started at $1.994, and can retrace up to 100% of wave-(1). Also, I never said it was the most likely scenario, but it is possible.
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lucif (OP)
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April 11, 2013, 08:20:43 AM |
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No data in feeds. Everything went down. But in what i see at bitcoincharts - there is a bearish pennant with target at around 50.
30-50 is fair price today imho.
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BillboTor
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April 11, 2013, 08:34:46 AM |
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No data in feeds. Everything went down. But in what i see at bitcoincharts - there is a bearish pennant with target at around 50.
30-50 is fair price today imho.
Another big crash later on today then Lucif?
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BrightAnarchist
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April 11, 2013, 08:39:07 AM |
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No data in feeds. Everything went down. But in what i see at bitcoincharts - there is a bearish pennant with target at around 50.
30-50 is fair price today imho.
Another big crash later on today then Lucif? The very fact that nearly everyone is still insanely bullish implies that the price needs to continue declining from the $266 peak for a while to complete a proper correction give it time
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archetyp
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April 11, 2013, 08:55:20 AM |
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How interesting to watch people be together. "We did it", "We almost at 300", etc..
When major dump will start, everybody will become enemy to each other. They will hate dumpers, but all of them are dumpers. They will hate each other.
I like you! <3
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Jaques
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April 11, 2013, 09:02:45 AM |
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No data in feeds. Everything went down. But in what i see at bitcoincharts - there is a bearish pennant with target at around 50.
30-50 is fair price today imho.
looks as if it goes to 120 today
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Majoman
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April 11, 2013, 12:09:16 PM |
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This thread has taught me quite a lot about economics, thanks for that! :)
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siulynot
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April 11, 2013, 12:13:27 PM |
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How interesting to watch people be together. "We did it", "We almost at 300", etc..
When major dump will start, everybody will become enemy to each other. They will hate dumpers, but all of them are dumpers. They will hate each other.
Most importantly, theyll hate themselves... and thats when shit get serious...
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