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Author Topic: Analysis  (Read 939293 times)
resya
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October 12, 2014, 11:30:30 AM
 #2001

Current triangle on Bitstamp. Touching lower line, but reluctant to break down so far.


I like this one also, more of a clusterfuck Grin

https://i.imgur.com/arqYxhD.png


Haha, nice.  So basically, it looks like we both don't know what we're doing...

Or maybe, the market doesn't either, and we're just picking that up. Yeah, that sounds much better Tongue

Looks to me as both triangles are valid. Price is always interacting with many different forces on many different scales.

so, what's your prediction? will we go to 400 soon and make it support or we will continue falling (no trend reversal)?

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StarenseN
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October 12, 2014, 11:39:40 AM
 #2002

Current triangle on Bitstamp. Touching lower line, but reluctant to break down so far.


I like this one also, more of a clusterfuck Grin



Bitstamp is no more market efficient for ages... you should look to BTC/CNY.

marvinrouge
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October 12, 2014, 11:53:15 AM
 #2003


Bitstamp is no more market efficient for ages... you should look to BTC/CNY.

Seems more bullish on BTC/CNY
JustAnotherSheep
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October 12, 2014, 01:10:53 PM
Last edit: October 12, 2014, 01:34:15 PM by JustAnotherSheep
 #2004

Bitstamp is no more market efficient for ages... you should look to BTC/CNY.

https://www.tradingview.com/x/YTqfGs51/
Hmmh, interesting. I have heard tale that the Chinese exchanges all have fake volume and whatnot, although these rumors may be unfounded, or indeed irrelevant.

Looking at CNY data now and current triangle there is in fact more clear. Will have to keep my eye open to see whether signals from Stamp or China tend to lead the market.

edit: added China triangle


Is it a bull? Is it a bear? No, it's just another sheep.
marvinrouge
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October 12, 2014, 02:59:09 PM
 #2005

breakout ??

(I watched Bitstamp and Huobi, this time Bitstamp followed Huobi)


Bagatell
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October 12, 2014, 03:03:06 PM
 #2006

breakout ??

(I watched Bitstamp and Huobi, this time Bitstamp followed Huobi)

Yep. All four default Wisdom 1 hr. charts.
marvinrouge
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October 12, 2014, 04:04:17 PM
Last edit: October 12, 2014, 04:30:55 PM by marvinrouge
 #2007

Bearish alternative (I hope not) :

Bagatell
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October 12, 2014, 04:10:40 PM
 #2008


That last blue line is simply hanging off one candle. Shouldn't trend lines have at least two points of contact?
marvinrouge
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October 12, 2014, 04:34:14 PM
 #2009


That last blue line is simply hanging off one candle. Shouldn't trend lines have at least two points of contact?

I updated the chart, is it more accurate ? Anyway it's just an alternative, I prefer the bullish version posted above Cheesy

The bearish chart will be invalidated if we cross 370
Okurkabinladin
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October 12, 2014, 08:54:08 PM
 #2010


That last blue line is simply hanging off one candle. Shouldn't trend lines have at least two points of contact?

I updated the chart, is it more accurate ? Anyway it's just an alternative, I prefer the bullish version posted above Cheesy

The bearish chart will be invalidated if we cross 370

Wrong. There is no volume.
oda.krell
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October 13, 2014, 12:14:50 AM
 #2011

Close above daily sma20: check (barely so, but check)




Weekly green candle, high volume close above lower BB, and above 30 RSI: check.




~3 month downtrend, upper line: still unbroken




Bitcoin has a way to keep things interesting.

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Barney
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October 13, 2014, 09:06:28 AM
 #2012

~3 month downtrend, upper line: still unbroken
Bitcoin has a way to keep things interesting.

To keep it even more interesting it was broken on Huobi

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October 13, 2014, 02:37:47 PM
 #2013

Luc, awesome prediction on the rebound to 390... now that we're hovering around that level and you mentioned new lows on the horizon are you expecting this to get rejected and continue the bear market til December previously mentioned?
masterluc
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October 13, 2014, 08:02:41 PM
 #2014

Potential inverse bullish H&S here with target at around 500.



From other side there is a hard resistance at around daily upper BB @430 (and falling). Falling upper BB during rising price always strong resistance and good point to close long or open short position. (as well as opposite - rising BB bottom during falling price - good support).



Almost always bounces back to sma20


masterluc
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October 13, 2014, 08:09:47 PM
 #2015

So the most optimistic bullish move should look like this:
- up to ~430
- back to sma20
- up to sma200

And if so, it would be an impulse and so probably reversal. So 400 level breakout is important now.


realdos
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October 13, 2014, 10:22:15 PM
 #2016

So the most optimistic bullish move should look like this:
- up to ~430
- back to sma20
- up to sma200

And if so, it would be an impulse and so probably reversal. So 400 level breakout is important now.



400 already broken out. Now 430 the next target?
masterluc
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October 13, 2014, 10:57:53 PM
 #2017

Volume suggests h&s triggering, which should send price back to daily 200 sma forming even larger inverse h&s

hdbuck
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October 13, 2014, 11:18:30 PM
 #2018

Volume suggests h&s triggering, which should send price back to daily 200 sma forming even larger inverse h&s




bullish?
masterluc
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October 14, 2014, 12:39:46 AM
 #2019

Yes, this is bullish reversal formation despite I expected more downside.

isov
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October 14, 2014, 01:13:02 AM
 #2020

But the reversal is not yet confirmed? At what point would you say it is?
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