Pruden
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August 24, 2013, 10:34:16 AM |
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Like I said almost three months ago, bid sum decline in past 10 days (excluding the manipulation last weekend) signals a reversal not entirely unlike the one that unwinded through June. It's so obvious to me, an average person, that fundamentals keep getting stronger that I don't think the market will let the price fall further than the low 80's nor for longer than a month.
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ChartBuddy
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August 24, 2013, 11:02:42 AM |
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ChartBuddy
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August 24, 2013, 12:02:37 PM |
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Loozik
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August 24, 2013, 12:46:29 PM |
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$180 by next Friday, i promise.
This is going to be a terrible news for me if you fulfill on your promise. I want to buy back at double digits you know. Can you postpone your promise by 10 - 14 days?
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ChartBuddy
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August 24, 2013, 01:02:42 PM |
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Tzupy
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August 24, 2013, 01:27:24 PM |
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$180 by next Friday, i promise.
This is going to be a terrible news for me if you fulfill on your promise. I want to buy back at double digits you know. Can you postpone your promise by 10 - 14 days? LOL. Don't feed the trolls, please. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The best time to buy back will be after 2 strong downward sub-waves, in order to profit from the fake return to bull market. But it's too early to tell when this will happen, just keep your eyes on the market. Could be 10 - 14 days as you mentioned.
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Loozik
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August 24, 2013, 02:01:15 PM |
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The best time to buy back will be after 2 strong downward sub-waves, in order to profit from the fake return to bull market.
Can you post a mock-up chart of how you predict it happening?
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ChartBuddy
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August 24, 2013, 02:02:35 PM |
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Tzupy
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August 24, 2013, 02:07:35 PM |
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The best time to buy back will be after 2 strong downward sub-waves, in order to profit from the fake return to bull market.
Can you post a mock-up chart of how you predict it happening? I don't predict it, EW theory predicts it, and it happened before between about 9th to 21st June. But I can't predict how this will unfold now, under different market conditions. It's followed by the 5 downward sub-waves that lead to total capitulation, most blood in the streets, and time to buy back. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fbitcoincharts.com%2Fcharts%2Fchart.png%3Fwidth%3D940%26m%3DmtgoxUSD%26SubmitButton%3DDraw%26r%3D90%26i%3D%26c%3D0%26s%3D%26e%3D%26Prev%3D%26Next%3D%26t%3DS%26b%3DB%26a1%3D%26m1%3D10%26a2%3D%26m2%3D25%26x%3D0%26i1%3DDPO%26i2%3DMACD%26i3%3DMFI%26i4%3DStochRSI%26v%3D1%26cv%3D0%26ps%3D1%26l%3D0%26p%3D0%26&t=665&c=bz3BG0SdRGV2qw)
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Loozik
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August 24, 2013, 02:24:43 PM |
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EW theory predicts it [...] It's followed by the 5 downward sub-waves that lead to total capitulation, most blood in the streets, and time to buy back.
I do not see the prediction on your chart. Can you use tradingview and paint those subwaves on a chart? I am interested to know what these waves would look like.
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Tzupy
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August 24, 2013, 02:47:41 PM |
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EW theory predicts it [...] It's followed by the 5 downward sub-waves that lead to total capitulation, most blood in the streets, and time to buy back.
I do not see the prediction on your chart. Can you use tradingview and paint those subwaves on a chart? I am interested to know what these waves would look like. Sorry, I don't use tradingview. And I didn't paint a prediction on the chart, I asked you to just look at the 9th to 21st June interval, that's wave B of the previous bubble period.
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phatsphere
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August 24, 2013, 02:53:29 PM |
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Can you use tradingview and paint those subwaves on a chart? I am interested to know what these waves would look like.
tradingview shows them on it's own, just enable them, they are called "Elliott Wave".
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ChartBuddy
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August 24, 2013, 03:02:46 PM |
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Wekkel
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yes
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August 24, 2013, 03:18:59 PM |
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This is the moment for a bet all-in.
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phatsphere
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August 24, 2013, 03:20:38 PM |
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I sold about 500 above $121 yesterday, it was the right thing to do.
… please keep up posted about your short.
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byronbb
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HODL OR DIE
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August 24, 2013, 03:43:52 PM |
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Quite the pop on no volume.
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johnmatrix
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August 24, 2013, 04:07:18 PM |
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it has been very calm, low volume, low sales, lets see what will happen next.
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adamstgBit
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August 24, 2013, 04:38:38 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs21.postimg.org%2Fk8dx3g6sn%2FUntitled.png&t=665&c=vpCXgGcSiN4U1A) stop comparing the volume we saw on a 60% move down while mtgox had 80%+ market share, to todays volumes, its just bad speculating...
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justusranvier
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August 24, 2013, 05:08:22 PM |
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That chart is really terrible. It's not obvious at first glance that Mt Gox still represents a majority (>50%) of trades in BTC terms.
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byronbb
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August 24, 2013, 05:11:06 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fd%2Fdd%2FFull_Moon_Luc_Viatour.jpg&t=665&c=4kGTtsHl3e_QPg) stop comparing the volume we saw on a 60% move down while mtgox had 80%+ market share, to todays volumes, its just bad speculating...
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