wpalczynski
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March 09, 2015, 08:44:53 PM |
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Here are the levels of resistance according to one market analysis firm.
(i) 283 $ (medium, OTE short ss, local breakdown point)
(ii) 294 $ (strong, downtrend and triangle resistance, local high)
(iii) 303.33 $ (medium, pivot point, Fib)
(iv) 322 $ (medium, trendline and Fibonacci resistance)
(v) 334 $ (weak, previous support and breakout point, Fib level)
(vi) 365 (weak, dymanic and Fib)
(vii) 384 $ (medium, Fib level and old high)
(viii) 411 $ (weak)
(ix) 454 $ (strong, PayPal high)
(x) 500 $ (weak, recent high)
(xi) 534 $ (strong, old support)
(xii) 595 $ (weak, spike high)
(xiii) 627 $ (weak, Fib level)
(xiv) 658 $ (medium, recent high)
(xv) 685 $ (strong, recent failure)
(xvi) 710 $ (medium, old bear market high)
(xvii) 755 $ (strong, recent spike high)
(xviii) 800 $ (strong, Fib level and historical resistance)
(xix) 995 $ (very strong, bull trap high)
(xx) 1163 $ (VERY strong, ATH)
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Wary
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March 09, 2015, 09:53:36 PM |
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Here are the levels of resistance according to one market analysis firm.
(i) 283 $ (medium, OTE short ss, local breakdown point)
(ii) 294 $ (strong, downtrend and triangle resistance, local high)
(iii) 303.33 $ (medium, pivot point, Fib)
(iv) 322 $ (medium, trendline and Fibonacci resistance)
(v) 334 $ (weak, previous support and breakout point, Fib level)
(vi) 365 (weak, dymanic and Fib)
(vii) 384 $ (medium, Fib level and old high)
(viii) 411 $ (weak)
(ix) 454 $ (strong, PayPal high)
(x) 500 $ (weak, recent high)
(xi) 534 $ (strong, old support)
(xii) 595 $ (weak, spike high)
(xiii) 627 $ (weak, Fib level)
(xiv) 658 $ (medium, recent high)
(xv) 685 $ (strong, recent failure)
(xvi) 710 $ (medium, old bear market high)
(xvii) 755 $ (strong, recent spike high)
(xviii) 800 $ (strong, Fib level and historical resistance)
(xix) 995 $ (very strong, bull trap high)
(xx) 1163 $ (VERY strong, ATH)
283 - tick  |
Fairplay medal of dnaleor's trading simulator.
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HalFinneysBrain
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March 09, 2015, 10:26:14 PM |
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A lot of those supposed resistance levels dont seem very relevant anymore.
As far as real strong resistance levels go, the low 300s is a major level both from the old 315 high, the downtrend line (wherever it is), etc. Other than that I see 475 (gentlemen rally), 680 (june rally), and all time high as major points, and thats about it. Maybe the 995 high after the initial drop.
Of all those, only breaking the downtrend line is really major, imo.
Bitcoin isnt like other things. When bitcoin is in a true bull phase, its going to crash through every resistance level and go to absurd heights, and resistance is meaningless. When its done, the corrections are incredibly violent, as we saw in 2011, and in 2014. The only level that REALLY matters is the one where the trendline is. Right now that means the line in the low to mid 300s that we have to cross to break out of this bear.
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molecular
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March 10, 2015, 06:48:50 AM |
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(i) 283 $ (medium, OTE short ss, local breakdown point)
(ii) 294 $ (strong, downtrend and triangle resistance, local high)
(iii) 303.33 $ (medium, pivot point, Fib)
(iv) 322 $ (medium, trendline and Fibonacci resistance)
283 - tick 294 - tick If we break $315 substantially (maybe to $350) and stay there for a day or two, I'm getting excited. A drop afterwards wouldn't worry me then, since we'd have built a higher high marking a nice uptrend starting at $166. If we don't break $315 I'm not worried either, but then it'd look like we'll be building a pretty large triangle that can draw out for a long time (months) |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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masterluc (OP)
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Activity: 938
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March 10, 2015, 03:44:01 PM |
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Local downtrend channel breaking  |
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HalFinneysBrain
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March 10, 2015, 05:58:14 PM |
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Channel needs to break on logarithmic chart too I think.
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Altcoin Agent
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March 10, 2015, 06:10:56 PM |
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Channel needs to break on logarithmic chart too I think.
When will that be ? By the way, I think it's very uncool you have taken the names of one of Bitcoins greatest heroes who has passed away. Have some respect man. |
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molecular
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March 10, 2015, 06:17:47 PM |
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Channel needs to break on logarithmic chart too I think.
When will that be ? By the way, I think it's very uncool you have taken the names of one of Bitcoins greatest heroes who has passed away. Have some respect man. I don't think it's disrespectful. He's clearly not impersonating. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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jimbobway
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March 10, 2015, 06:20:56 PM |
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Channel needs to break on logarithmic chart too I think.
When will that be ? By the way, I think it's very uncool you have taken the names of one of Bitcoins greatest heroes who has passed away. Have some respect man. I don't think it's disrespectful. He's clearly not impersonating. Too soon? |
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Altcoin Agent
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March 11, 2015, 01:34:17 PM |
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Channel needs to break on logarithmic chart too I think.
When will that be ? By the way, I think it's very uncool you have taken the names of one of Bitcoins greatest heroes who has passed away. Have some respect man. I don't think it's disrespectful. He's clearly not impersonating. Too soon? Yeah. Very poor taste. But sorry for going off topic. This is a great thread. |
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Xiaoxiao
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The Golden Rule Rules
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March 11, 2015, 04:26:12 PM |
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It looks like the price of BTC is about to explode for a good $100....
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HalFinneysBrain
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March 11, 2015, 05:08:27 PM |
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Channel needs to break on logarithmic chart too I think.
When will that be ? By the way, I think it's very uncool you have taken the names of one of Bitcoins greatest heroes who has passed away. Have some respect man. I have immense respect for Hal Finney. My username is a homage to the hope that he is still truly alive, just stored in cold storage, to be reawakened in the future when technology allows. I also think it would be the greatest story ever if he also has a brainwallet controlling a bunch of bitcoins. The only way he could store his property through death, into new life. Bitcoin would sure be the ultimate store of value in that case, wouldnt it! |
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odin.dillinger
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March 11, 2015, 05:44:54 PM |
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It looks like the price of BTC is about to explode for a good $100....
Any way to show us what lead you to this conclusion? Channel needs to break on logarithmic chart too I think.
When will that be ? By the way, I think it's very uncool you have taken the names of one of Bitcoins greatest heroes who has passed away. Have some respect man. I have immense respect for Hal Finney. My username is a homage to the hope that he is still truly alive, just stored in cold storage, to be reawakened in the future when technology allows. I also think it would be the greatest story ever if he also has a brainwallet controlling a bunch of bitcoins. The only way he could store his property through death, into new life. Bitcoin would sure be the ultimate store of value in that case, wouldnt it! Please refrain from clogging the Masters thread with anything not analasys, please. That being said, I want some of what you are smoking. |
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masterluc (OP)
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March 13, 2015, 09:44:09 AM |
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First medium strength resistance - weekly sma20  |
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Xiaoxiao
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The Golden Rule Rules
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March 13, 2015, 10:12:00 AM |
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First medium strength resistance - weekly sma20 I went short @ 291, it seems like the bear market will continue for the next weeks to month. What do you think, am I playing with fire here? I plan on seeing what happens if/when it hits 275... |
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masterluc (OP)
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March 13, 2015, 10:18:56 AM |
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Daily ADX and SS suggest at least correction.  |
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masterluc (OP)
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March 13, 2015, 10:30:36 AM |
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But I will be surprised if 310 high will not be broken
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Xiaoxiao
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The Golden Rule Rules
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March 13, 2015, 10:38:57 AM |
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But I will be surprised if 310 high will not be broken
What kind of time frame are we talking about here? |
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masterluc (OP)
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March 13, 2015, 10:43:41 AM |
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Two weeks. Great chance of getting bearish hidden divergence  |
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SkyValeey
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March 13, 2015, 02:14:29 PM |
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Why do you use stamp to at? Bitfinex or btcchina is not better now to at?
Bitstamp last days chart looks pretty different than chinese markets and finex.
Btw. great thread, I'll watch. Good luck.
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