Yet another analyst :)

[notme]

Yes, its a good support. But i see it attacked hard.

By the top EW count it should be broken. Now or month later, but it should fall, as it was start of wave 5 off 9.77 low.

for those who are confused our OP is talking about the waves of a financial bubble bursting, it's a principal illustrated here:

http://people.hofstra.edu/geotrans/eng/ch7en/conc7en/stages_in_a_bubble.html

personally I think we are still in the smart money phase.  institutions and the public are not here yet as evidenced by the wild intraday volatility created from the lack of volume.  this phase I would describe as a mini bubble but we have a Lon Lon way to go.

No, he's talking about Elliot Waves, but thanks for telling us your false information with confidence .

There are a hundred other threads discussing that graphic.

[lucif]

http://people.hofstra.edu/geotrans/eng/ch7en/conc7en/stages_in_a_bubble.html

We discussed this well during Jun 2011 - May 2012.

[Jaques]

Probably, but 31.8 hit would also mean $24, and what $24 would mean i fear to imagine.

why would 31,8 imply 24,?

[lucif]

Log support there

[fabrizziop]

Probably, but 31.8 hit would also mean $24, and what $24 would mean i fear to imagine.

why would 31,8 imply 24,?

I think it's because 31.9099$ is broken (previous ATH).

I think we could see a retest of 33$ to 36$, those are the two panic sells bottom (one normal and the other caused by the blockchain split). Never breaking 32$ IMO.

[Jaques]

now i wrote my longest post in this forum ever and it disapears 

here I go again, in short;

if the 2 support lines converge and get hit under heavy volume followed by a bounce up that would be a classical buy signal as far as I know ...


hey, second go i needed much lees words

so, what is it, what I dont see, the bad about 24,xx getting hit Lucif?

[lucif]

so, what is it, what I dont see, the bad about 24,xx getting hit Lucif?

Open your eyes.

[BrightAnarchist]

so, what is it, what I dont see, the bad about 24,xx getting hit Lucif?

Open your eyes.

I think it will eventually break that trend-line to the downside, but then again I'm a super-bear

[Jaques]

so, what is it, what I dont see, the bad about 24,xx getting hit Lucif?

Open your eyes.

lol

I see the chart and clearly
still I dont get what would be bad about 24  (or worse than 31,xx)
"what $24 would mean i fear to imagine."

if "Log support there" (at 24,xx)

[michaelGedi]

I just want you to say thanks for the analysis discussion.

I only have high school math, but I have some inkling of what's going on here.

Unfortunately I bought today at $77 after cries on other threads (unsubstantiated cries) that $50 is/was the bottom. Cries of guys who should know better considering how long they've been around it seems.


I know this analysis doesn't include some uncalculable factors, but I trust math and experience - so it's reassuring that I can believe when it hits the bottom of the crash I MAY only lose around half my value to the USD as it stood when I bought in.


It's an interesting experience - I always hated the premise of trading stocks - but here I am, in a very similar environment. Ultimately, personally, I'm extremely interested in this new currency and it's implications. I do wish my impatience hadn't led me to emotionally want to buy in "before it's too late" in order to store value as it increases in adoption. Wealth generation aspirations and jumping on the bandwagon aside, I want to be a part of the bitcoin community and the pioneering that the recent media coverage has enlightened us to.

Watching the price teeter down to $65ish, and reading your discussions has led me to consider that selling out now and waiting for $35-40ish might be a good idea? But at the same time maybe I don't have the patience and I've spent a week staring at charts and reading everything Bitcoin and cryptocurrency when I should be completing my degree. Perhaps I should just lock my wallet somewhere offline and come back in a month.

Anyway, I didn't mean to write so much. I guess the whole experience been a bit draining (I was also part of the Bitcoin24.com fiasco). - So a little human story for you there totally off topic    thanks

[lebing]

I just want you to say thanks for the analysis discussion.

I only have high school math, but I have some inkling of what's going on here.

Unfortunately I bought today at $77 after cries on other threads (unsubstantiated cries) that $50 is/was the bottom. Cries of guys who should know better considering how long they've been around it seems.


I know this analysis doesn't include some uncalculable factors, but I trust math and experience - so it's reassuring that I can believe when it hits the bottom of the crash I MAY only lose around half my value to the USD as it stood when I bought in.


It's an interesting experience - I always hated the premise of trading stocks - but here I am, in a very similar environment. Ultimately, personally, I'm extremely interested in this new currency and it's implications. I do wish my impatience hadn't led me to emotionally want to buy in "before it's too late" in order to store value as it increases in adoption. Wealth generation aspirations and jumping on the bandwagon aside, I want to be a part of the bitcoin community and the pioneering that the recent media coverage has enlightened us to.

Watching the price teeter down to $65ish, and reading your discussions has led me to consider that selling out now and waiting for $35-40ish might be a good idea? But at the same time maybe I don't have the patience and I've spent a week staring at charts and reading everything Bitcoin and cryptocurrency when I should be completing my degree. Perhaps I should just lock my wallet somewhere offline and come back in a month.

Anyway, I didn't mean to write so much. I guess the whole experience been a bit draining (I was also part of the Bitcoin24.com fiasco). - So a little human story for you there totally off topic    thanks

Do your own research. Never listen to anything anyone says on the internet.

the end.

[Jaques]

I just want you to say thanks for the analysis discussion.

I only have high school math, but I have some inkling of what's going on here.

Unfortunately I bought today at $77 after cries on other threads (unsubstantiated cries) that $50 is/was the bottom. Cries of guys who should know better considering how long they've been around it seems.


I know this analysis doesn't include some uncalculable factors, but I trust math and experience - so it's reassuring that I can believe when it hits the bottom of the crash I MAY only lose around half my value to the USD as it stood when I bought in.


It's an interesting experience - I always hated the premise of trading stocks - but here I am, in a very similar environment. Ultimately, personally, I'm extremely interested in this new currency and it's implications. I do wish my impatience hadn't led me to emotionally want to buy in "before it's too late" in order to store value as it increases in adoption. Wealth generation aspirations and jumping on the bandwagon aside, I want to be a part of the bitcoin community and the pioneering that the recent media coverage has enlightened us to.

Watching the price teeter down to $65ish, and reading your discussions has led me to consider that selling out now and waiting for $35-40ish might be a good idea? But at the same time maybe I don't have the patience and I've spent a week staring at charts and reading everything Bitcoin and cryptocurrency when I should be completing my degree. Perhaps I should just lock my wallet somewhere offline and come back in a month.

Anyway, I didn't mean to write so much. I guess the whole experience been a bit draining (I was also part of the Bitcoin24.com fiasco). - So a little human story for you there totally off topic    thanks

Do your own research. Never listen to anything anyone says on the internet.

the end.

lol

does that mean he should not listen to you neither?

hold on to your own jugdement but be open to learn I would say
beware of emotions, any, and never invest more than you can afford to loose!
I would say ...

also dont try to trade if you never practised!
better invest, in steps ...
set yourself limits and goals
stick to them

just my two satoshis

p.d.: I like your approach to bitcoin michaelGedi

[notme]

Make a plan, stick to it.

If you feel fear or greed, don't trade unless it matches your plan EXACTLY.

[michaelGedi]

Do your own research

this is my research

if I had more than high school math (if you read that part) I would perhaps, maybe, be capable of doing my own research...

don't worry, I take full responsibility for all my actions.

thanks for your kind post


the end

[michaelGedi]

Make a plan, stick to it.

If you feel fear or greed, don't trade unless it matches your plan EXACTLY.

+

hold on to your own jugdement but be open to learn I would say
beware of emotions, any, and never invest more than you can afford to loose!
I would say ...

also dont try to trade if you never practised!
better invest, in steps ...
set yourself limits and goals
stick to them

just my two satoshis

p.d.: I like your approach to bitcoin michaelGedi Wink

thanks guys. Yeah after Bitcoin24 I made a new plan (because I knew I didn't want to tap out yet) and have so far stuck to it. I just wish I'd found the analysis threads sooner than the opinion threads, I prefer this kind of rational thinking for this sort of thing

[notme]

Do your own research

this is my research

if I had more than high school math (if you read that part) I would perhaps, maybe, be capable of doing my own research...

don't worry, I take full responsibility for all my actions.

thanks for your kind post


the end

Just remember, people on here will lie to you to get you to trade against them.

[lucif]

blah-blah

Advice.
1. Choose your trading interval. Hourly/daily/weekly. I do daily trade when volatility increases and/or price goes by exponent. Because... you saw why. It can blow 100500 times in one moment.
2. Neither opening, nor closing position action MUST not be based on any kind of these emotions: fear or greed.
3. Good entry point and plan of further actions will defend you from being nervous. Search good entry point!
4. Put brain trigger on high emotional background. High emotions detected: DONT DO ANYTHING IN MARKET. You better drop computer out of window rather then buy or sell on high emotional background.
5. Don't block emotions. Fear, greed and logic fight must power up you ONLY when you develop plan for position. Plan should be considered ready when they all calm down and have a deal. When you inside plan, do actions only according to plan.

[samson]

Do your own research

this is my research

if I had more than high school math (if you read that part) I would perhaps, maybe, be capable of doing my own research...

don't worry, I take full responsibility for all my actions.

thanks for your kind post


the end

It could be back to $77 in the next few hours, it's heading that way at the moment although it's unsually quiet for this time of day.

[lucif]

6. Don't repeat mistakes. Market don't forgive mistakes. Every mistake must be analyzed, accepted and you must patch your firmware to don't repeat that. Give respect to market for this lesson.

[michaelGedi]

Just remember, people on here will lie to you to get you to trade against them.

point taken, thanks.

Mostly observation has proved fruitful so far.

Quote from: michaelGedi on Today at 08:35:43 PM
blah-blah Smiley

Advice.
1. Choose your trading interval. Hourly/daily/weekly. I do daily trade when volatility increases and/or price goes by exponent. Because... you saw why. It can blow 100500 times in one moment.
2. Neither opening, nor closing position action MUST not be based on any kind of these emotions: fear or greed.
3. Good entry point and plan of further actions will defend you from being nervous. Search good entry point!
4. Put brain trigger on high emotional background. High emotions detected: DONT DO ANYTHING IN MARKET. You better drop computer out of window rather then buy or sell on high emotional background.
5. Don't block emotions. Fear, greed and logic fight must power up you ONLY when you develop plan for position. Plan should be considered ready when they all calm down and have a deal. When you inside plan, do actions only according to plan.

I'm not sure where the "blah-blah" quote came from but thanks for the advice, and thanks for going temporarily off topic