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Author Topic: Analysis  (Read 939885 times)
lebing
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March 04, 2014, 10:53:29 AM
 #1421


Bro, do you even blockchain?
-E Voorhees
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thefiniteidea
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March 05, 2014, 06:42:15 PM
 #1422

This one's for lucif...


jamesc760
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March 05, 2014, 08:21:00 PM
 #1423

LOL!

Putin's the devil.
masterluc
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March 09, 2014, 09:52:09 AM
 #1424

How about inverted cup and handle? )


RyNinDaCleM
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March 09, 2014, 04:01:43 PM
 #1425

How about inverted cup and handle? )



Interesting thought, there!

bitstumped
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March 12, 2014, 09:30:32 AM
 #1426

Hey guys, first time posting but I've been following this thread for about 4 months. Let me say thank you to all of you who contribute analysis.

What do others think of Luc's inverted cup and handle suggestion? And, where do you think we might see a bottom?
lebing
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March 12, 2014, 10:03:53 AM
 #1427

What do others think of Luc's inverted cup and handle suggestion?

Its a dream. No fucking way is that going to happen.
Worst case scenarios is another dip into the low 500s, but we will not be seeing sub 500 again.


Bro, do you even blockchain?
-E Voorhees
Tzupy
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March 12, 2014, 10:13:02 AM
 #1428

IMO the inverted cup and handle scenario can only happen if Chinese exchanges would be shut down by their government.
In such a case, most coins from China would be cashed out on Western exchanges, and the result would be a death spiral
similar to the one seen on MtGox before shutting down. If Chinese exchanges will keep operating, this bear market is going
to take a long time to fully deflate. Looking at Huobi, the bottom of the first sub-wave after wave B is significantly higher than
the bottom of corrective wave A, so Huobi is for now less bearish than Bitstamp, maybe there's still some demand in China.

Sometimes, if it looks too bullish, it's actually bearish
thefiniteidea
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March 21, 2014, 05:03:55 PM
 #1429

Been a while since we've seen anything in this thread.

I'll just leave this here....


JustAnotherSheep
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March 29, 2014, 03:16:07 PM
 #1430

Looks like your inverted cup n' handle is becoming a likelier possibility, luc



That, combined with an (approximate) descending triangle, seem to be some pretty damn strong bearish signals if validated Grin

Is it a bull? Is it a bear? No, it's just another sheep.
lebing
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March 29, 2014, 04:06:07 PM
 #1431

Looks like your inverted cup n' handle is becoming a likelier possibility, luc



That, combined with an (approximate) descending triangle, seem to be some pretty damn strong bearish signals if validated Grin

this is a bullish pennant.

Bro, do you even blockchain?
-E Voorhees
JustAnotherSheep
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March 29, 2014, 04:23:04 PM
 #1432

this is a bullish pennant.
Really? I was under the impression that a pennant had to have far less bias on either side, and according to the stockchart definition of a descending triangle; "The lows do not have to be exact, but should be within reasonable proximity of each other."
A <5% difference in the lows would seem to be within the margin of what is "reasonable proximity" (someone correct me if I'm wrong).

Is it a bull? Is it a bear? No, it's just another sheep.
Pruden
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March 29, 2014, 04:33:35 PM
 #1433

If a descending triangle is bearish, stocks' ascending triangle above is bullish?  Huh
John999
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March 29, 2014, 04:37:45 PM
 #1434

What do others think of Luc's inverted cup and handle suggestion?

Its a dream. No fucking way is that going to happen.
Worst case scenarios is another dip into the low 500s, but we will not be seeing sub 500 again.



 Roll Eyes
RyNinDaCleM
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March 29, 2014, 04:43:33 PM
 #1435

Triangles are continuation patterns. They break in the direction they are entered. If the original drop to 380 was an A, then it's bearish. If it's a 4 to the 1200 tops 3, then it will break up.

It can, however, also be counted as a simple ABC correction where we are in the beginnings of a 5th wave down for the C

JustAnotherSheep
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March 29, 2014, 04:52:32 PM
 #1436

Triangles are continuation patterns. They break in the direction they are entered. If the original drop to 380 was an A, then it's bearish. If it's a 4 to the 1200 tops 3, then it will break up.
Again, quoting the StockCharts definition of a descending triangle (which has been my main source of info when it comes to learning TA)

Quote
The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns. Regardless of where they form, descending triangles are bearish patterns that indicate distribution.

Is it a bull? Is it a bear? No, it's just another sheep.
lebing
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March 29, 2014, 05:11:11 PM
 #1437

What do others think of Luc's inverted cup and handle suggestion?

Its a dream. No fucking way is that going to happen.
Worst case scenarios is another dip into the low 500s, but we will not be seeing sub 500 again.



 Roll Eyes

Should have known that China would be China. Nothing is for sure in bitcoin. If it does come true that on the 15th its banned in China then 400 probably wont hold. Otherwise I would very surprised if we broke the bottom of the pennant (at 400).

Bro, do you even blockchain?
-E Voorhees
RyNinDaCleM
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March 29, 2014, 07:55:03 PM
 #1438

If a descending triangle is bearish, stocks' ascending triangle above is bullish?  Huh

No! That's called an ending diagonal or a wedge. A triangle has either flat top/ascending bottom, flat bottom/descending top, or a more symmetrical descending top/ascending bottom.
If both lines are ascending or descending and not parallel, then it's a wedge.

masterluc
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March 29, 2014, 08:05:24 PM
 #1439

Guys. price is in negative weekly BB territory, in negative daily BB territory and additionaly bellow daily sma 200.

It could be a bullish pennant (with horizontal triangle?!) - I don't exclude. But I stay very bearish.

However this question will be resolved very soon.

PS. My pic with inverted cup and handle was invalidated of course.

arepo
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this statement is false


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March 29, 2014, 08:14:32 PM
 #1440

it's interesting to see trading sites and others say that "pattern X is generally bullish/bearish" as if they were citing a statistical study that showed this result >50% of the time. triangle continuation patterns are only continuation patterns until they break counter-trend Wink

from my own work in Bitcoin, it seems that these patterns are very sensitive to their price environments (that is if they occurred within an uptrend or dowtrend; near, below, or above the previous high/low; and if the previous movement pushed the price into overbought or oversold territory).

once the environment has been factored in, i think that there is something to these patterns having a consistent "context-sensitive" bias. but it is ridiculous to make a blanket statement about them, not only because of context-sensitivity but also because i imagine the behavior is different in different markets (stocks vs Bitcoin).

--arepo

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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