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Author Topic: Analysis  (Read 939294 times)
Tzupy
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January 01, 2015, 06:42:20 PM
 #2321

Blitz explained well what I meant, so I'll only add this: if the market would be driven by Bitstamp (or BTC-E) it should crash and burn.
To do so, the downward movement has to gain momentum, but with a lot of fresh fiat on Chinese exchanges, this is difficult.
While I doubt that there is enough fresh fiat on Huobi and others for a true trend reversal now, it may be enough to delay, dampen, and
even truncate possible upcoming drops. To confirm a trend reversal (to bull market), IMO the market should at least break resistance at 365$.

Sometimes, if it looks too bullish, it's actually bearish
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1638871876
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Wandererfromthenorth
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January 01, 2015, 07:01:38 PM
Last edit: January 03, 2015, 05:28:59 PM by Wandererfromthenorth
 #2322

Blitz explained well what I meant, so I'll only add this: if the market would be driven by Bitstamp (or BTC-E) it should crash and burn.
To do so, the downward movement has to gain momentum, but with a lot of fresh fiat on Chinese exchanges, this is difficult.
While I doubt that there is enough fresh fiat on Huobi and others for a true trend reversal now, it may be enough to delay, dampen, and
even truncate possible upcoming drops. To confirm a trend reversal (to bull market), IMO the market should at least break resistance at 365$.
It's possible that chinese whales just put support in order to sustain the price during this consolidation.


They need to keep the price inside the big triangle, only when we are forced to exit there is momentum to go lower. At that point the additional buy support needed to keep the price inside it will not be necessary anymore and will be pulled/self dumped.

There was the 1-2k buy wall at bitstamp too for example a few days back (to help keep the price above $300) but was easily pulled/displaced.







Red arrows show the point at which there is momentum to go lower because we are forced to exit the formations (either up or down):



lebing
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January 01, 2015, 07:02:12 PM
 #2323

Yeah, no need to be nasty, just use ignore button. If you use it correctly you will end up with the best and most valuable comments + your life expectancy will increase due to the lack of stressors.  Smiley

Amen. That's what I do.

I had him on ignore for a long time, but it bothers me to no end that I see noobies getting sucked into his bullshit.

Bro, do you even blockchain?
-E Voorhees
Wandererfromthenorth
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January 01, 2015, 07:03:31 PM
Last edit: January 04, 2015, 07:21:22 PM by Wandererfromthenorth
 #2324

But then again, I don't know if that chinese buy support is legit or fake.

Wandererfromthenorth
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January 01, 2015, 07:07:24 PM
 #2325

Yeah, no need to be nasty, just use ignore button. If you use it correctly you will end up with the best and most valuable comments + your life expectancy will increase due to the lack of stressors.  Smiley

Amen. That's what I do.

I had him on ignore for a long time, but it bothers me to no end that I see noobies getting sucked into his bullshit.
He posts perfectly legit analyses and observations but since it's not always bullish like you might like, you don't like reading them.
Pretty simple really. You getting emotional over it and insulting people pretty much proves it.
Son0fLamb
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January 01, 2015, 07:08:50 PM
 #2326


I had him on ignore for a long time, but it bothers me to no end that I see noobies getting sucked into his bullshit.
http://s30.postimg.org/wglojos4h/Capture.jpg
http://s21.postimg.org/5pkxx0p7r/honey_badger.jpg
belmonty
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January 01, 2015, 10:29:44 PM
 #2327

Did masterluc say he would be away from the thread for Christmas?
Ivanhoe
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January 01, 2015, 11:32:39 PM
 #2328

Did masterluc say he would be away from the thread for Christmas?
If he said that then i am sure he meant the christian-orthodox Christmas, since he is russian, which we celebrate at 7 January.
masterluc
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January 03, 2015, 08:21:52 PM
 #2329

As for roubles - I don't have them as I am not Russian.

As for my dissapear - I was almost dead boring waiting 1 year wedge to complete (or failure). Still boring.

podyx
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January 03, 2015, 08:26:39 PM
 #2330

As for roubles - I don't have them as I am not Russian.

As for my dissapear - I was almost dead boring waiting 1 year wedge to complete (or failure). Still boring.

What's your opinion on the market now?
masterluc
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January 03, 2015, 08:29:23 PM
 #2331

As for roubles - I don't have them as I am not Russian.

As for my dissapear - I was almost dead boring waiting 1 year wedge to complete (or failure). Still boring.

What's your opinion on the market now?
unchanged. Tracing out giant triple zigzag bullish wedge since ATH.

RyNinDaCleM
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January 03, 2015, 08:34:35 PM
 #2332

As for roubles - I don't have them as I am not Russian.

As for my dissapear - I was almost dead boring waiting 1 year wedge to complete (or failure). Still boring.

What's your opinion on the market now?
unchanged. Tracing out giant triple zigzag bullish wedge since ATH.

What are you saying? Another 6-8 months of this boredom to complete the Xx and final zigzag?

Pattart
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January 03, 2015, 08:35:36 PM
 #2333

What would be a good price to start buying back in at if it  goes down that far?
masterluc
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January 03, 2015, 08:36:11 PM
 #2334


What are you saying? Another 6-8 months of this boredom to complete the Xx and final zigzag?
In my opinion we are in "z"

Gunfight and arty makes some difficulties with Internet and analysis hehe

Tzupy
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January 03, 2015, 08:50:08 PM
 #2335


What are you saying? Another 6-8 months of this boredom to complete the Xx and final zigzag?
In my opinion we are in "z"

Gunfight and arty makes some difficulties with Internet and analysis hehe

I'm not familiar with the XYWZ notation in EW, so I searched an image for better understanding. Is this the Z that you mean?
I market my opinion on the current market position with a light purple cross. Would that be correct, or should it be lower?


Sometimes, if it looks too bullish, it's actually bearish
RyNinDaCleM
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Legen -wait for it- dary


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January 03, 2015, 10:03:17 PM
 #2336


What are you saying? Another 6-8 months of this boredom to complete the Xx and final zigzag?
In my opinion we are in "z"

Gunfight and arty makes some difficulties with Internet and analysis hehe

I'm not familiar with the XYWZ notation in EW, so I searched an image for better understanding. Is this the Z that you mean?
I market my opinion on the current market position with a light purple cross. Would that be correct, or should it be lower?



Well, that's a triple zigzag of triple zigzags but that's the gist, yes.

thefiniteidea
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January 04, 2015, 04:15:17 PM
 #2337

You guys remember this chart I posted a week ago?


A bit of nasty speculation for you all...

Bitcoin hits $200 in January  Wink




Here's an updated version as of Jan 4th...





I'd say, we should be stopping at $260 for a time, with support here, until further declining to $200.

masterluc
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January 04, 2015, 07:17:54 PM
 #2338

* masterluc buying frenzy  Grin



podyx
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January 04, 2015, 07:21:11 PM
 #2339

* masterluc buying frenzy  Grin

img]http://www.sierrachart.com/image.php?l=142039917830.png[/img]


Xiaoxiao
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January 04, 2015, 07:40:26 PM
 #2340

* masterluc buying frenzy  Grin




Luc, what do you think about the analysis right above your post?
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