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Author Topic: Analysis  (Read 921631 times)
Wilhelm
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November 14, 2013, 11:08:01 PM
 #281

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..."

Well we can probably prove that Bitcoin has always been in an uptrend.

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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xephyr
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November 14, 2013, 11:11:31 PM
 #282

Can you prove we are not in wave 5?

Only in hindsight I think. If a correction takes out the April 2013 high at 260 on MtGox we were in wave 5. But is not wave 5 usually accompanied by a high degree of optimism, everyone is bullish and news is universally positive? I do not think we are there yet but defer to masterluc.
samurai1200
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November 15, 2013, 03:34:19 AM
 #283

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..."

Well we can probably prove that Bitcoin has always been in an uptrend.


Always?
http://bitcoincharts.com/charts/mtgoxUSD#rg60zigHourlyzczsg2013-04-10zeg2013-04-11ztgSzm1g10zm2g25zvzl

Hodl for the longest tiem.

Use it or lose it: http://coinmap.org/
RyNinDaCleM
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November 15, 2013, 03:38:44 AM
 #284

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..."

Well we can probably prove that Bitcoin has always been in an uptrend.


Always?
http://bitcoincharts.com/charts/mtgoxUSD#rg60zigHourlyzczsg2013-04-10zeg2013-04-11ztgSzm1g10zm2g25zvzl

Well, that is just a correction, but the full cycle has not completed.So yes, there have been more days of rise, but that's only because it's 5 years old and hasn't had the chance to have the long correction yet

JustAnotherSheep
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November 15, 2013, 09:54:45 AM
 #285

Can you prove we are not in wave 5?

Only in hindsight I think. If a correction takes out the April 2013 high at 260 on MtGox we were in wave 5. But is not wave 5 usually accompanied by a high degree of optimism, everyone is bullish and news is universally positive? I do not think we are there yet but defer to masterluc.
I think one should look at the sentiment with the Chinese traders and not this subforum. I'm guessing they will be the ones to initiate the crash.

Is it a bull? Is it a bear? No, it's just another sheep.
masterluc
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November 15, 2013, 02:48:27 PM
 #286

Lets see if bitcoin just fuck off this yet another ending diagonal =)


smoothie
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LEALANA Monero Physical Silver Coins


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November 15, 2013, 02:59:28 PM
 #287

Lets see if bitcoin just fuck off this yet another ending diagonal =)



Break up?

Perhaps...

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rampantparanoia
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November 15, 2013, 04:30:36 PM
 #288

masterluc, you're the luc skywalker of bitcoin Smiley
samurai1200
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November 15, 2013, 05:56:44 PM
 #289


Break up?

Perhaps...

Ummm?
http://www.babypips.com/school/middle-school/important-chart-patterns/wedges.html

Hodl for the longest tiem.

Use it or lose it: http://coinmap.org/
rampantparanoia
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November 15, 2013, 07:17:59 PM
 #290


typically yes. if we see a break upward, the bubble is confirmed.
masterluc
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November 15, 2013, 07:22:29 PM
 #291

In some reason bitcoin breaks up textbook upward ending diagonals. They should break down by books though =)

I mean real ending diagonals like 1-2-3-<diangonal>(4-5)</diagonal>

masterluc
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November 15, 2013, 09:28:16 PM
 #292

Ah, wait. If this is ending diagonal it should be extensible and longer like that. So current small bear wedge should trigger.



BarkinTree
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November 15, 2013, 09:30:34 PM
 #293

Ah, wait. If this is ending diagonal it should be extensible and longer like that



normally this would be one indicator telling me to sell (in addition to others of course). are you telling me the opposite, though? Smiley
masterluc
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November 15, 2013, 09:32:20 PM
 #294

normally this would be one indicator telling me to sell (in addition to others of course). are you telling me the opposite, though? Smiley
I don't give advices. Sometimes I post my positions.

masterluc
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November 15, 2013, 09:42:04 PM
 #295

normally this would be one indicator telling me to sell (in addition to others of course). are you telling me the opposite, though? Smiley
I just say all bearish ending diagonal patterns I saw in bitcoin were never actually ending. Past bubbles ended not with this pattern.

Equus
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Why the long face?


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November 15, 2013, 09:53:25 PM
 #296

Past bubbles ended not with this pattern.

I always loved Lucif's TA thread, but hearing Masterluc phrase his Jedi wisdom in Yoda's voice makes this the best thread on this site.


-.-. -.-. -- ..-.
masterluc
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November 15, 2013, 10:02:56 PM
 #297

Yes, small wedge triggering right now.


Miz4r
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November 16, 2013, 10:51:45 AM
 #298

Yes, small wedge triggering right now.



And denied by bitcoin again, bitcoin doesn't give a crap about bearish wedges and just loves to kick some bear ass. Tongue

Bitcoin = Gold on steroids
zby
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November 16, 2013, 11:28:55 AM
 #299

Yes, small wedge triggering right now.



And denied by bitcoin again, bitcoin doesn't give a crap about bearish wedges and just loves to kick some bear ass. Tongue

On btcchina there was no wedge.
masterluc
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November 16, 2013, 11:34:39 AM
 #300

Yep, wedge cracked =)

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