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Author Topic: Market has peaked, sell off incoming.  (Read 13474 times)
notme
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October 19, 2013, 02:56:06 AM
 #141

The most fun part of the roller coaster is when it gets down. Weak hands might slip away from the wagon.

Also, be cautious, climbing up with your eyes closed makes you not see when it goes downhill.

If you're bullish, when the coaster falls, grab all the coins you can from those who fall off.  One of my longer term scenarios is that this 5 wave structure I've labelled is wave 1 of the 5th wave starting from the initial trades.  Wave 1 ended at 32, wave 3 ended at 266, wave 1 of 5 down, 2-5 to come.  This is of course ultra bullish, but it is a possibility at this time (aka you can count it this way without breaking any of the 3 rules).

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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"Apparently, so I am told, there exist "people" who prefer to wipe sitting down. From the front. Initial research indicates it could be up to half the population." -- benjamindees
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notme
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October 25, 2013, 06:55:25 PM
 #142



We're either completing wave 4 and my count was accurate or we have completed an ABC corrective and will resume the downtrend sometime between here and $147ish.



It may take some time to pick a direction though.

Wave 5 in progress.

Quote
Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received)
http://en.m.wikipedia.org/wiki/Elliott_wave_principle#Elliott_Wave_personality_and_characteristics

Wave 5 completed, ABC corrective should end in price territory of Wave 4... ie $120-$150.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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October 25, 2013, 09:44:04 PM
 #143

Wave 5 completed, ABC corrective should end in price territory of Wave 4... ie $120-$150.
Curious, what kind of confirmation do you look for to conclude that Wave 5 has ended? Not too knowledgeable about wave theory.  Smiley

greaterninja
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October 25, 2013, 10:52:45 PM
 #144

with heavy volume manipulation I am feeling fairly bearish on btc right now.  I did make about 5000, so I am good for now.
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October 25, 2013, 10:56:17 PM
 #145

sorry I see this  Grin


Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
windjc
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October 25, 2013, 11:09:09 PM
 #146



We're either completing wave 4 and my count was accurate or we have completed an ABC corrective and will resume the downtrend sometime between here and $147ish.



It may take some time to pick a direction though.

Wave 5 in progress.

Quote
Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received)
http://en.m.wikipedia.org/wiki/Elliott_wave_principle#Elliott_Wave_personality_and_characteristics

Wave 5 completed, ABC corrective should end in price territory of Wave 4... ie $120-$150.

If you are right and this is that much talked about pattern, then this is bullish news. At 120-150 we form a base for Wave #1.  Last time the base was in the teens.

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
notme
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October 26, 2013, 02:20:54 AM
 #147

If you are right and this is that much talked about pattern, then this is bullish news. At 120-150 we form a base for Wave #1.  Last time the base was in the teens.

In my longer term count, this entire wave up from $65 was just wave 1 of 5.  Wave 1 ended at $32, Wave 3 ended at $266.  We have completed wave 1 of the 5 wave structure that will make up the longer term 5th wave.  After this corrective wave 2 completes, this count calls for wave 3 up, then 4 down, then 5 up to complete the long term 1-5 starting with the beginning of bitcoin trading.

Yes this is ultra bullish, but I'm talking weeks - months for most of these waves.  In between we will have some gut wrenching drops.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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notme
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October 28, 2013, 02:49:09 PM
 #148



We're either completing wave 4 and my count was accurate or we have completed an ABC corrective and will resume the downtrend sometime between here and $147ish.



It may take some time to pick a direction though.

Wave 5 in progress.

Quote
Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received)
http://en.m.wikipedia.org/wiki/Elliott_wave_principle#Elliott_Wave_personality_and_characteristics

Wave 5 completed, ABC corrective should end in price territory of Wave 4... ie $120-$150.

Momentum dying off on wave B.  Wave C to come unless we get a few big buys soon.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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windjc
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October 29, 2013, 05:57:36 AM
 #149



We're either completing wave 4 and my count was accurate or we have completed an ABC corrective and will resume the downtrend sometime between here and $147ish.



It may take some time to pick a direction though.

Wave 5 in progress.

Quote
Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received)
http://en.m.wikipedia.org/wiki/Elliott_wave_principle#Elliott_Wave_personality_and_characteristics

Wave 5 completed, ABC corrective should end in price territory of Wave 4... ie $120-$150.

Momentum dying off on wave B.  Wave C to come unless we get a few big buys soon.

Can you show us a chart with this A,B and upcoming C corrective and exactly how is this Wave C going to put us at $120-$150?

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
Malawi
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October 29, 2013, 08:37:05 PM
 #150

I sold my last small standing at 214.3 today. Normally this means that the market will skyrocket pretty soon.

BitCoin is NOT a pyramid - it's a pagoda.
adamstgBit
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October 29, 2013, 08:39:33 PM
 #151

I sold my last small standing at 214.3 today. Normally this means that the market will skyrocket pretty soon.

you sold all your bitcoin?

lol what?

Ivanhoe
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October 29, 2013, 08:42:41 PM
 #152

I sold my last small standing at 214.3 today. Normally this means that the market will skyrocket pretty soon.
Why?...... just why?
mccorvic
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October 29, 2013, 08:48:26 PM
 #153

I sold my last small standing at 214.3 today. Normally this means that the market will skyrocket pretty soon.

What the...what...I don't even.

Offering Video/Audio Editing Services since 2011 - https://bitcointalk.org/index.php?topic=77932.0
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October 29, 2013, 08:51:22 PM
 #154

I sold my last small standing at 214.3 today. Normally this means that the market will skyrocket pretty soon.

What the...what...I don't even.

Maybe it was with the hopes to buy back at a lower price?  That is a bit risky to do though.

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MAbtc
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October 29, 2013, 09:23:52 PM
 #155

I sold my last small standing at 214.3 today. Normally this means that the market will skyrocket pretty soon.

you sold all your bitcoin?

lol what?

Maybe he knows the bearish wedge we've been staring at will break down. I don't have those kind of stones, but kudos, sir!

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October 29, 2013, 09:27:27 PM
 #156

I sold my last small standing at 214.3 today. Normally this means that the market will skyrocket pretty soon.

What the...what...I don't even.

Maybe it was with the hopes to buy back at a lower price?  That is a bit risky to do though.

I love this. Later such people will haunt those forums screaming and cursing price to drop because they missed the boat.
There are more and more people who are simply buying bitcoins, and you are giving them away that cheap, which means you wont see them any more. At that price anyway.

Malawi
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October 29, 2013, 09:28:46 PM
 #157

I sold my last small standing at 214.3 today. Normally this means that the market will skyrocket pretty soon.

What the...what...I don't even.

Maybe it was with the hopes to buy back at a lower price?  That is a bit risky to do though.

Something like that. :-)

But just to clarify - we are not talking large sums here. I Now have $440 in my account. ;-)

BitCoin is NOT a pyramid - it's a pagoda.
Malawi
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October 29, 2013, 09:37:11 PM
 #158

I sold my last small standing at 214.3 today. Normally this means that the market will skyrocket pretty soon.

What the...what...I don't even.

Maybe it was with the hopes to buy back at a lower price?  That is a bit risky to do though.

I love this. Later such people will haunt those forums screaming and cursing price to drop because they missed the boat.
There are more and more people who are simply buying bitcoins, and you are giving them away that cheap, which means you wont see them any more. At that price anyway.

Are you trying to say that bitcoin can never possibly go below $200 or $150 again?

BitCoin is NOT a pyramid - it's a pagoda.
jamesc760
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October 29, 2013, 09:38:07 PM
 #159

malawi, you got some balls. You know that you just threw away US$2 Million, right?
Malawi
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October 29, 2013, 10:08:21 PM
 #160

malawi, you got some balls. You know that you just threw away US$2 Million, right?

Oh no, I gotta rush to buy back in a few days or a couple of weeks.
Have got some standing orders in the 100-125 range just in case.

BitCoin is NOT a pyramid - it's a pagoda.
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