masterluc (OP)
Legendary
 Offline
Activity: 938
Merit: 1013
|
 |
November 10, 2013, 02:14:28 AM |
|
I perfectly entered here with my markers. I said to myself in April - here must be some huge triangle. On its break up I immediately turn 100% in Bitcoin. This has been materialized. Perfect plan. I am sorry to disappoint you, but we probably going to tha moon =) Mtgox 6months triangle is about to break up.  Already broken at bitstamp  Actually I don't really like this weekly cup and handle (V-form, not U), but it is so fucking bullish...  |
|
|
|
|
|
|
|
|
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
bitcodo
|
|
November 10, 2013, 05:46:50 PM |
|
 Did we complet wave 4 of 5 of (5)? What do you Elliott guys think? |
|
|
|
|
|
xephyr
|
|
November 10, 2013, 06:45:47 PM |
|
Did we complet wave 4 of 5 of (5)? What do you Elliott guys think? My count shows presently in A of (4)  |
|
|
|
|
RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
|
|
November 11, 2013, 04:27:09 AM |
|
Did we complet wave 4 of 5 of (5)?
What do you Elliott guys think?
My count shows presently in A of (4) seconded!  |
|
|
|
|
|
|
JustAnotherSheep
|
|
November 11, 2013, 09:29:22 AM |
|
Forgive me for being the noobish sheep here, but doesn't the master's fancy gear pictures mean we're currently in (3), 4->5?
Still new to this stuff so I have nothing to back it up except for the aforementioned pictures!
|
Is it a bull? Is it a bear? No, it's just another sheep.
|
|
|
|
Davyd05
|
|
November 11, 2013, 10:47:21 AM |
|
I dunno how much change is experienced between his updates though...
|
Proud Hodler, neither bull nor bear.
|
|
|
|
JustAnotherSheep
|
|
November 11, 2013, 02:48:22 PM |
|
Forgive me for being the noobish sheep here, but doesn't the master's fancy gear pictures mean we're currently in (3), 4->5?
Still new to this stuff so I have nothing to back it up except for the aforementioned pictures!
Oh nevermind, I'm a bad reader, 3 isn't for this trend but for the historical one. I didn't even know such a fractal scale was possible with the Elliott waves |
Is it a bull? Is it a bear? No, it's just another sheep.
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
November 12, 2013, 12:41:14 AM |
|
Did we complet wave 4 of 5 of (5)? What do you Elliott guys think? IMO, didn't completed even 3 of 5. |
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
|
November 12, 2013, 12:51:07 AM |
|
Oh, this is lucif?
Always liked his analysis, best here by a mile.
|
|
|
|
oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
|
|
November 12, 2013, 10:47:40 PM |
|
Alright, alright... I've been slamming EW theory in the past but I never actually gave it a real chance. Read up a bit on it tonight, so let's take this baby for a spin... ... aaaand I'm puzzled. How am I supposed to decide which wave is which? Both divisions I came up with (see below), starting in early July (which I strongly feel needs to be the starting point of whatever exactly we are in now), make equally sense to me. The thing is, the period from September 1st to October 1st doesn't look like any wave at all, just like treading water. Or maybe the division in my 2nd picture is actually the sub-division of the ongoing wave 3 in the first picture... it's all very, very confusing.   |
Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
|
|
|
|
samurai1200
|
|
November 12, 2013, 11:01:29 PM |
|
it's all very, very confusing.
EW theory, IIRC, is based on human behavior and emotion as applies to economic action. During a long stagnation period like mid-july to end of august, I would posit a sort of "reset" of human behavior. In this case, your 2nd count seems more 'accurate' (whatever that means). |
|
|
|
Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
|
|
November 12, 2013, 11:11:20 PM |
|
I think you're forgetting to count the sub-waves within the larger waves. In this case your wave counts are actually sub-waves of wave (1) in this picture: Would be nice if bitcoin would exactly follow this pattern but I think in hindsight it's often easier to see and count the waves than try and project them into the future. |
Bitcoin = Gold on steroids
|
|
|
|
Marbit
|
|
November 13, 2013, 04:26:48 AM |
|
so where is the top of 3 of 5  |
|
|
|
|
oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
|
|
November 13, 2013, 07:22:07 PM |
|
Hey! This is fun. Why didn't I do this earlier :D Okay, so let's say we are in fact in sub-wave 5 inside the bigger wave 3 (assuming beginning of July as the starting point of this period). According to the EW rules (damn. I sound like a cultist :P) the 3rd wave can't be the shortest, so assuming this plays out according to the rules: since wave 1 was longer than wave 3, wave 5 must be shorter than wave 3. Which sets an upper bound when wave 5 will end (November 25, 26). In addition, each of the waves seems to have a steeper trend line. Well, the latest wave doesn't really have much to work with, but with the 2 points of contact I found it looks like it is indeed climbing faster than 1 and 3. Which could explain why wave 5 will last shorter than the others. And that's all I can get out of it. Probably should read a bit more on this, huh? EDIT: made a mistake with the length of 3, so subtract a day or so from the upper bound (for shits and giggles, here's my childish drawing)  |
Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
|
|
|
|
xephyr
|
|
November 14, 2013, 09:59:51 PM |
|
I had to change my wave count and agree that we are in 3 of 5, and may be close to the end of wave 3:  If wave 3 really ends around 450 USD on MtGox a corrective wave 4 down to 260-300 would signal a strong buying opportunity. |
|
|
|
|
Odalv
Legendary
Offline
Activity: 1400
Merit: 1000
|
|
November 14, 2013, 10:03:50 PM |
|
I had to change my wave count and agree that we are in 3 of 5, and may be close to the end of wave 3: If wave 3 really ends around 450 USD on MtGox a corrective wave 4 down to 260-300 would signal a strong buying opportunity. Can you prove we are not in wave 1 (and you will not had to change your wave count in the future) ? |
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
November 14, 2013, 10:17:31 PM |
|
Can you prove we are not in wave 5?
|
|
|
|
|
|
samurai1200
|
|
November 14, 2013, 10:19:17 PM |
|
Guys, there's no "proving" here. If something could be proved, we'd all be rich (then subsequently, very broke).
A better phrasing might be "can you convince me that..."
|
|
|
|
Odalv
Legendary
Offline
Activity: 1400
Merit: 1000
|
|
November 14, 2013, 10:34:11 PM |
|
Shit after shit. :-)
Buy and Hold (& Learn)
|
|
|
|
|
|
