Bitcoin Forum
January 26, 2022, 11:47:31 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 [150] 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 ... 336 »
  Print  
Author Topic: Analysis  (Read 939940 times)
AceWallen
Sr. Member
****
Offline Offline

Activity: 479
Merit: 500



View Profile
June 25, 2015, 10:59:46 PM
 #2981

Plenty of traders are still salivating at the possibility of sub $200 prices that I'm not sure will materialize without some sort of event that causes a real panic.

hmmm, maybe. in fact, this is the rhetoric i've been seeing from bulls in the TV chat. the problem is that sentiment seems to have turned overwhelmingly bullish, and in fact, most seem to be salivating for $300+. so there's that.
1643240851
Hero Member
*
Offline Offline

Posts: 1643240851

View Profile Personal Message (Offline)

Ignore
1643240851
Reply with quote  #2

1643240851
Report to moderator
1643240851
Hero Member
*
Offline Offline

Posts: 1643240851

View Profile Personal Message (Offline)

Ignore
1643240851
Reply with quote  #2

1643240851
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1643240851
Hero Member
*
Offline Offline

Posts: 1643240851

View Profile Personal Message (Offline)

Ignore
1643240851
Reply with quote  #2

1643240851
Report to moderator
thefiniteidea
Hero Member
*****
Offline Offline

Activity: 519
Merit: 525


"In Us We Trust"


View Profile
June 26, 2015, 12:01:56 AM
 #2982

SMA200 not broken, long term log trend not broken.

Just got emergency alert from my FX broker. 29 June greece will likely to default, extreme EURUSD and other pairs volatility and lack of liquidity expected.

I seat and think what it may mean to bitcoin. It is on verge of trendline. Will it break it up or will it collapse?

EUR will probably break up and DXY down... Bitcoin? I dont think much will happen.

AceWallen
Sr. Member
****
Offline Offline

Activity: 479
Merit: 500



View Profile
June 26, 2015, 12:06:05 AM
 #2983

SMA200 not broken, long term log trend not broken.

Just got emergency alert from my FX broker. 29 June greece will likely to default, extreme EURUSD and other pairs volatility and lack of liquidity expected.

I seat and think what it may mean to bitcoin. It is on verge of trendline. Will it break it up or will it collapse?

EUR will probably break up and DXY down... Bitcoin? I dont think much will happen.

interesting -- you think Grexit will cause Euro to break to the upside? or you think Grexit will not happen? i agree regarding bitcoin -- i don't think much will happen there. but this could have huge effects on FX and stocks. tough to call, really.
HeliKopterBen
Hero Member
*****
Offline Offline

Activity: 622
Merit: 500



View Profile
June 26, 2015, 06:27:36 AM
 #2984

SMA200 not broken, long term log trend not broken.

Just got emergency alert from my FX broker. 29 June greece will likely to default, extreme EURUSD and other pairs volatility and lack of liquidity expected.

I seat and think what it may mean to bitcoin. It is on verge of trendline. Will it break it up or will it collapse?

Maybe we get something like this: https://www.tradingview.com/chart/BTCUSD/TbsOOXfx-BTCUSD-IN-POTENTIAL-INTERIM-TREND-CHANGE-RETRACEMENT-BOUNCE/

This is what often irritates me about EW. There is always an alternate count. What would it take for everyone to agree that the 13 January low of $152 on Bitstamp completed the ABC correction and we are set now for a fresh cycle to begin: five waves up making new highs perhaps in 2016?

Regarding the situation in Greece: when the banking crisis in Cyprus happened March 2013 bitcoin price surged from $40 to $260 before settling back at $120. What are the odds history will repeat itself? 

The move up from $152 is not impulsive, so it would not be agreed upon by ew'ers at all that the bottom is in. In fact, the only one that I know of who believes the bottom is in is that one guy who really doesn't know how to count (or pretends like he can't). I think his name is user1trillion or some shit

The Greece 2013 thing was a coincidence. I have yet to see proof that the bubble was in any significant way driven by Greek Euros.

IMO there is a plausible bullish count that would allow for a new ATH.  I will share it if it actually works out.  A good EW technician should have an alternate count, even if it's just to keep reality in check.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
masterluc
Legendary
*
Offline Offline

Activity: 938
Merit: 1013



View Profile
June 26, 2015, 06:40:42 AM
 #2985

I agree that previous 150 bottom looks like completed zigzag correction.

But while weekly sma20, daily sma200 and long term trendline resides upside - it is bearish trend.

masterluc
Legendary
*
Offline Offline

Activity: 938
Merit: 1013



View Profile
June 26, 2015, 06:54:15 AM
 #2986

And this is what a bottom should look like (impulsive bounce)

http://bitcoincharts.com/charts/mtgoxUSD#rg150zigDailyzczsg2011-10-28zeg2012-02-27ztgSzbgBza1gSMAzm1g20za2gSMAzm2g200zi1gMACDzi2gRSIzi3gADXzi4gSStochzv

intighet
Member
**
Offline Offline

Activity: 83
Merit: 10

mene mene tekel upharsin


View Profile
June 27, 2015, 07:35:52 AM
 #2987


This is what often irritates me about EW. There is always an alternate count. What would it take for everyone to agree that the 13 January low of $152 on Bitstamp completed the ABC correction and we are set now for a fresh cycle to begin: five waves up making new highs perhaps in 2016?


This can never happen because markets are anti- inductive.

Malus pro bono surrepat, et bonus pro malo displiceat; fallaces enim sunt rerum species, quibus credidimus.
masterluc
Legendary
*
Offline Offline

Activity: 938
Merit: 1013



View Profile
June 27, 2015, 05:15:33 PM
 #2988

I think this is bullish. For the 1st time since almost year price got into weeklly bb positive zone



ssmc2
Legendary
*
Offline Offline

Activity: 2016
Merit: 1040


View Profile
June 27, 2015, 05:19:00 PM
 #2989

I think this is bullish. For the 1st time since almost year price got into weeklly bb positive zone




You heard him folks. Grin

Boom
masterluc
Legendary
*
Offline Offline

Activity: 938
Merit: 1013



View Profile
June 27, 2015, 05:30:06 PM
 #2990

But keep in mind there are two major resistances ahead - daily ma200 and log trend line




masterluc
Legendary
*
Offline Offline

Activity: 938
Merit: 1013



View Profile
June 27, 2015, 10:23:59 PM
 #2991

But never seen before weekly ma200 is not gonna surrender


Okurkabinladin
Hero Member
*****
Offline Offline

Activity: 574
Merit: 506



View Profile
June 28, 2015, 12:44:21 PM
 #2992

I guess then, this means triangle and more standoff and more waiting. Upcoming market move could be huge.

Any ETA on this?
masterluc
Legendary
*
Offline Offline

Activity: 938
Merit: 1013



View Profile
June 29, 2015, 12:50:22 PM
 #2993

On breakout of current log downtrend I will consider this count to be activated (historical III running). You all know what means elliott wave number 3...


L0uis
Full Member
***
Offline Offline

Activity: 141
Merit: 100


View Profile
June 29, 2015, 01:12:23 PM
 #2994

Usually the largest wave
madmat
Legendary
*
Offline Offline

Activity: 966
Merit: 1000



View Profile
June 29, 2015, 01:16:08 PM
 #2995

Sorry Master, but for the newbies... What's does wave III means?

I googled it with no luck, just curiosity, i dont trade much...

And thanks for sharing your thougts Wink

Wave III means BIG!!!
h3speros
Full Member
***
Offline Offline

Activity: 189
Merit: 100



View Profile WWW
June 29, 2015, 01:16:32 PM
 #2996

Sorry Master, but for the newbies... What's does wave III means?

I googled it with no luck, just curiosity, i dont trade much...

And thanks for sharing your thougts Wink

http://www.forexhit.com/learn-forex/elliott-wave-principle.html

http://www.tradingfives.com/articles/elliott-wave-guide.htm

only crypto market predictions, no bullshit https://twitter.com/h3speros
fallinglantern
Sr. Member
****
Offline Offline

Activity: 260
Merit: 251


View Profile
June 29, 2015, 01:18:06 PM
 #2997

From wikipedia...

Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.
Afrikoin
Legendary
*
Offline Offline

Activity: 1540
Merit: 1003


alan watts is all you need


View Profile
June 29, 2015, 02:34:53 PM
 #2998

On breakout of current log downtrend I will consider this count to be activated (historical III running). You all know what means elliott wave number 3...



very long II there. If indeed it is II, then the IV will be incredibly longer don't you think?



              ▄▄▄██████▄▄▄
          ▄██████████████████▄
       ▄████████████████████████▄
 ▄▄  ▄████████████████████████████▄
███████████████████████████████████▄
 ▀▀█████████████████████████████████▄
   ██████████████████████████████████
   ██████████████████████████████████
   ██████████████████████████████████
   ██████████████████████████████████
   ▀████████████████████████████████▀
    ▀██████████████████████████████▀
     ▀▀██████████████████████████▀
        ▀██████████████████████▀
           ▀▀▀████████████▀▀▀
.
.....
.....
.....
.....
.....
.....





Hueristic
Legendary
*
Offline Offline

Activity: 2968
Merit: 2633


Doomed to see the future and unable to prevent it


View Profile
June 29, 2015, 02:59:05 PM
 #2999

Quote
Unfortunately, Elliott's waves are well observed in the "old" market, but they are rather dimmed for the future. This is why practical use of the Elliott Wave Theory is often difficult and requires special knowledge.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
HeliKopterBen
Hero Member
*****
Offline Offline

Activity: 622
Merit: 500



View Profile
June 29, 2015, 03:04:32 PM
 #3000

From wikipedia...

Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.

Bitcoin trades more like a commodity IMO.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
Pages: « 1 ... 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 [150] 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 ... 336 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!