masterluc (OP)
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Activity: 938
Merit: 1013
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June 02, 2015, 04:04:16 AM |
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200 (weekly lower bb). then 100 on break down.
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Cconvert2G36
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June 02, 2015, 04:09:09 AM |
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200 (weekly lower bb). then 100 on break down.
When trying to bottom fish the capitulation candle this round, what kind of volume should we be looking for? Less than January? more? |
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masterluc (OP)
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Activity: 938
Merit: 1013
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June 02, 2015, 04:18:12 AM |
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When trying to bottom fish the capitulation candle this round, what kind of volume should we be looking for? Less than January? more?
Volume compared to january will say you almost nothing. |
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Morecoin Freeman
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June 02, 2015, 06:16:04 AM |
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I usually agree but I say for now this is as low as the price can go.
Too many people are willing to buy.
We will probably not see 200 again anytime soon.
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Ask the stranger he knows who you really are.
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HeliKopterBen
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June 02, 2015, 10:24:25 AM |
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I doubt we will see another crash fractal. Probably a slow grind lower if it happens at all.
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Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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h3speros
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June 02, 2015, 10:25:43 AM |
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I usually agree but I say for now this is as low as the price can go.
Too many people are willing to buy.
We will probably not see 200 again anytime soon.
you have any data to back that up? imo longs starts to squeeze after 200-215 so if that fails to hold, then we go deep, question is does it brake now or after bounce not so much if  |
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Afrikoin
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Activity: 1540
Merit: 1003
alan watts is all you need
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June 02, 2015, 10:29:28 AM |
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I usually agree but I say for now this is as low as the price can go.
Too many people are willing to buy.
We will probably not see 200 again anytime soon.
you have any data to back that up? imo longs starts to squeeze after 200-215 so if that fails to hold, then we go deep, question is does it brake now or after bounce not so much if my guess is it bounces off $210/ $208 and we move sideways between $225 and $210 for a while, then, take on $200. |
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hdbuck
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Activity: 1260
Merit: 1002
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June 02, 2015, 10:33:00 AM |
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Huho, this is analysis never ends.. Not guessing.
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tarmi
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Activity: 1232
Merit: 1011
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June 02, 2015, 10:42:05 AM |
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yes, leave this temple you poor bastards.
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Afrikoin
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Activity: 1540
Merit: 1003
alan watts is all you need
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June 02, 2015, 10:56:44 AM |
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I usually agree but I say for now this is as low as the price can go.
Too many people are willing to buy.
We will probably not see 200 again anytime soon.
you have any data to back that up? imo longs starts to squeeze after 200-215 so if that fails to hold, then we go deep, question is does it brake now or after bounce not so much if my guess is it bounces off $210/ $208 and we move sideways between $225 and $210 for a while, then, take on $200.  As for too many people wanting to buy here, a long sideways drag like the $230/245 level might do the trick. There were lots of buyers on that level too. |
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Tzupy
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Activity: 2170
Merit: 1094
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June 02, 2015, 11:07:57 AM |
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I usually agree but I say for now this is as low as the price can go.
Too many people are willing to buy.
We will probably not see 200 again anytime soon.
you have any data to back that up? imo longs starts to squeeze after 200-215 so if that fails to hold, then we go deep, question is does it brake now or after bounce not so much if IMO the long squeeze will come after the bounce. The market is not yet ready for another capitulation, more bulls need to lose hope. |
Sometimes, if it looks too bullish, it's actually bearish
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h3speros
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June 02, 2015, 11:31:14 AM |
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I usually agree but I say for now this is as low as the price can go.
Too many people are willing to buy.
We will probably not see 200 again anytime soon.
you have any data to back that up? imo longs starts to squeeze after 200-215 so if that fails to hold, then we go deep, question is does it brake now or after bounce not so much if IMO the long squeeze will come after the bounce. The market is not yet ready for another capitulation, more bulls need to lose hope. i don't know, but there is definitely option that long squeeze comes soon, good to keep in mind |
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oda.krell
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Activity: 1470
Merit: 1007
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June 02, 2015, 11:52:50 AM |
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Funny enough, bearish as I am right now, I'm still the most bullish in here it seems ... Just noting that escaping the (linear) downwards channel didn't lead to a serious rally, so I'm waiting to see if breaking the escape channel will lead to a (sustained) crash. It already looked pretty certain to me that we're in for a big crash in mid-April, and that didn't pan out, so I'm definitely keeping my mind open for further range bound action. |
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realdos
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June 02, 2015, 03:38:29 PM
Last edit: June 02, 2015, 04:13:32 PM by realdos |
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200 (weekly lower bb). then 100 on break down.
If the price does reach to the $100 area, is the prediction that the correction is to be complete and bounce is followed still valid? (namely $100s is the bottom) |
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BitcoinNewsMagazine
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Activity: 1806
Merit: 1164
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June 02, 2015, 05:25:05 PM |
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200 (weekly lower bb). then 100 on break down.
If the price does reach to the $100 area, is the prediction that the correction is to be complete and bounce is followed still valid? (namely $100s is the bottom) at TradingView feels that a drop to $100 area would finally complete an EW eight wave cycle. This completion could set the stage for a new bull rally next year. |
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masterluc (OP)
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Activity: 938
Merit: 1013
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June 02, 2015, 05:44:44 PM |
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200 (weekly lower bb). then 100 on break down.
If the price does reach to the $100 area, is the prediction that the correction is to be complete and bounce is followed still valid? (namely $100s is the bottom) Odds higher with each bottom ) |
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Marbit
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June 02, 2015, 05:45:34 PM |
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200 (weekly lower bb). then 100 on break down.
If the price does reach to the $100 area, is the prediction that the correction is to be complete and bounce is followed still valid? (namely $100s is the bottom) at TradingView feels that a drop to $100 area would finally complete an EW eight wave cycle. This completion could set the stage for a new bull rally next year. I tend to agree. Momentum on the weekly has clearly fallen considerably over the past 6-12 months. But it seems we have another capitulation looming. Losing $230s is super bearish IMO. So many longs were accumulated there. |
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realdos
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June 11, 2015, 07:53:43 PM |
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200 (weekly lower bb). then 100 on break down.
If the price does reach to the $100 area, is the prediction that the correction is to be complete and bounce is followed still valid? (namely $100s is the bottom) Odds higher with each bottom ) Any new thoughts these days?  |
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masterluc (OP)
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Activity: 938
Merit: 1013
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June 11, 2015, 08:04:32 PM |
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Daily sma20 retest. Nothing more so far. According to weekly adx, trend only initializing.
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Afrikoin
Legendary
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Activity: 1540
Merit: 1003
alan watts is all you need
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June 11, 2015, 09:54:41 PM |
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200 (weekly lower bb). then 100 on break down.
If the price does reach to the $100 area, is the prediction that the correction is to be complete and bounce is followed still valid? (namely $100s is the bottom) at TradingView feels that a drop to $100 area would finally complete an EW eight wave cycle. This completion could set the stage for a new bull rally next year. not necessarily a bull rally to astronomical figures eg $ 1000, just a good base for 3X, 4X or 5X reversal. |
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