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Author Topic: Analysis  (Read 917393 times)
masterluc
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September 17, 2015, 06:21:31 AM
 #3721

Daily ma1400 aka weekly ma200



1561636151
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Reply with quote  #2

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davidorentol
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September 17, 2015, 07:19:01 AM
Last edit: September 17, 2015, 08:43:13 AM by davidorentol
 #3722

what does it mean?
klee
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September 17, 2015, 07:34:04 AM
 #3723

Do you think it is broken? It seems so..
L0uis
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September 17, 2015, 08:10:51 AM
 #3724

It already acts as upwards resistance..
klee
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September 17, 2015, 08:17:11 AM
 #3725

It already acts as upwards resistance..
That's my view too, maybe a zoom could help.
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September 17, 2015, 08:18:20 AM
 #3726

Very likely down it goes. On the other hand, last month looks like a fractal of jan/feb -> endless sideways!

Always wrong until not.
Afrikoin
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September 17, 2015, 09:47:04 AM
 #3727

Looks like support turned resistance



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BldSwtTrs
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September 17, 2015, 10:25:09 AM
 #3728

Yes but it's a rising resistance
Afrikoin
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September 17, 2015, 10:40:10 AM
 #3729

Yes but it's a rising resistance

so was the one at 3-4 on luc's chart



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klee
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September 17, 2015, 10:43:54 AM
 #3730

Yes but it's a rising resistance
Good point. Closing above this would be a buy.
masterluc
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September 17, 2015, 11:43:32 AM
 #3731

It means it is very strong

Not broken yet

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September 17, 2015, 02:08:36 PM
 #3732

Not so sure about "more down" after looking at this... Maybe we'll see a little break out (like in May) and annoying stability afterwards!?


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Afrikoin
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September 17, 2015, 02:39:35 PM
 #3733

Perhaps. I had thought of this too as a possibility. But then, i thought to myself it would be too obvious a pattern, thus, might act differently ie decisive




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masterluc
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September 17, 2015, 02:40:54 PM
 #3734

Yep, it's a horizontal chanel

klee
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September 17, 2015, 05:50:09 PM
 #3735

It means it is very strong

Not broken yet
At BTCWisdom is very well broken and we are still below - in fact we only touched it with a spike....
fortif78
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September 17, 2015, 05:54:17 PM
 #3736

It means it is very strong

Not broken yet
At BTCWisdom is very well broken and we are still below - in fact we only touched it with a spike....

Though last week's bar did close below, I wouldn't call a support line of that magnitude broken until this week confirms it.

"In the land of the blind, the man with one eye is king."
Newar
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September 17, 2015, 05:54:57 PM
 #3737

It means it is very strong

Not broken yet

Can you define "broken"?

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davidorentol
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September 17, 2015, 07:22:10 PM
 #3738


Can you define "broken"?

Can you define "un-broken"?
molecular
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September 17, 2015, 07:24:06 PM
 #3739

It means it is very strong

Not broken yet

Can you define "broken"?

when you look at it and it's broken you just know it's broken. If you're unsure, it's not broken.

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Eivind Nag
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September 17, 2015, 07:40:22 PM
Last edit: September 17, 2015, 08:09:13 PM by Eivind Nag
 #3740

I think the assumption that the 152 bottom was C is flawed.

The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.

After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!

Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.

If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.

Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.

The bear market is in full swing.

Price targets for 5/A are less than 152, more than 65.

Ive made an image that explains my view in more detail:
https://i.imgur.com/RkzXcY1.jpg
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