tarmi
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June 30, 2015, 08:14:33 AM |
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Huh. I'm a bit surprised by the bullish sentiment change, not just luc's but by many other posters as well.
indeed. it is quite concerning given the fact that the volume is not so convincing and that an altcoin is having unreal bull run. |
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Afrikoin
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alan watts is all you need
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June 30, 2015, 08:19:19 AM |
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Huh. I'm a bit surprised by the bullish sentiment change, not just luc's but by many other posters as well.
That OR, bears (like myself) have retreated. gone back to our caves. Bulls are out partying. Regarding June 14  |
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windjc
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June 30, 2015, 09:08:55 AM |
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Huh. I'm a bit surprised by the bullish sentiment change, not just luc's but by many other posters as well.
That OR, bears (like myself) have retreated. gone back to our caves. Bulls are out partying. Regarding June 14 Well a few points to add to you and Oda. I think a run up to $410 right here would be like Christmas for the bulls. 18 months of bear is oppressive. When you see people talk to $120k bitcoin on next wave, its just blowing off steam. At least right now. However, the breakout now has more potential of sustaining because we are nearing the next halving. Make no mistake about it. People will front run this event well in advance. Just look at what LTC is doing right now. Its because LTC halves in 60 days. Its not actually a "unreal altcoin run". Its pretty damn predictable. |
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oda.krell
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June 30, 2015, 09:39:12 AM |
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Well a few points to add to you and Oda.
I think a run up to $410 right here would be like Christmas for the bulls. 18 months of bear is oppressive. When you see people talk to $120k bitcoin on next wave, its just blowing off steam. At least right now.
However, the breakout now has more potential of sustaining because we are nearing the next halving. Make no mistake about it. People will front run this event well in advance. Just look at what LTC is doing right now. Its because LTC halves in 60 days. Its not actually a "unreal altcoin run". Its pretty damn predictable.
Good to read you again. Agreed. Impending halving, and that we have the strongest order book picture in a long time, are both valid reasons to be bullish. Maybe my post came across the wrong way: I'm not bearish. I'm just not convinced that "dsma200+wsma20+logTL" = end of bear market. It rather signals "another serious attempt to end it", imo. |
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h3speros
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June 30, 2015, 09:46:20 AM |
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to be clear luc has said previously that if price breaks w20 goes to upper line then bounces from middle line then he thinks odds for bull get considerably higher (not exactly hes words)
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vphen
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June 30, 2015, 09:50:37 AM |
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3 (Weekly sma20)
2 (Daily sma200)
1 (Log trendline)
... and lift off, Bitcoin the worlds first digital currency starts to its historical wave three to be in next comming years!
I am not really understand what does master mean due to my poor english reading. 3 (Weekly sma20) breakout or not yet? 2 (Daily sma200) breakout or not yet? 1 (Log trendline) breakout or not yet? |
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Queeq
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June 30, 2015, 10:10:26 AM |
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3 (Weekly sma20)
2 (Daily sma200)
1 (Log trendline)
... and lift off, Bitcoin the worlds first digital currency starts to its historical wave three to be in next comming years!
I am not really understand what does master mean due to my poor english reading. 3 (Weekly sma20) breakout or not yet? 2 (Daily sma200) breakout or not yet? 1 (Log trendline) breakout or not yet? Countdown it seems to be. |
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boumalo
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June 30, 2015, 10:26:48 AM |
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to be clear luc has said previously that if price breaks w20 goes to upper line then bounces from middle line then he thinks odds for bull get considerably higher (not exactly hes words)
264$ on bitstamp, 300$ will probably be crossed this summer  |
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ssmc2
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June 30, 2015, 01:08:41 PM |
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 To me this feels pretty similar to the time when it was hovering between 4-5 after the 32 bubble. I think the waves are becoming longer in time frame as time goes on however which would account for the length of time we are seeing in this range vs 2012. As said above, self quotes are the best quotes ^^ Wouldn't we be closer to this point?  |
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tarmi
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June 30, 2015, 01:27:08 PM |
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However, the breakout now has more potential of sustaining because we are nearing the next halving. Make no mistake about it. People will front run this event well in advance. Just look at what LTC is doing right now. Its because LTC halves in 60 days. Its not actually a "unreal altcoin run". Its pretty damn predictable.
I think this ltc bubble is the result of bitfinex credit expansion, not ltc halving. the trigger was the pending halving, yes. I find it unreal simply because I have my doubts about money flowing at this pace into ltc, and not btc. |
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Pruden
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June 30, 2015, 01:34:28 PM |
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3 (Weekly sma20)
2 (Daily sma200)
1 (Log trendline)
... and lift off, Bitcoin the worlds first digital currency starts to its historical wave three to be in next comming years!
I am not really understand what does master mean due to my poor english reading. 3 (Weekly sma20) breakout or not yet? 2 (Daily sma200) breakout or not yet? 1 (Log trendline) breakout or not yet? Notice all of them have been broken already. |
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lebing
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Enabling the maximal migration
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June 30, 2015, 04:26:47 PM |
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Wouldn't we be closer to this point? No, its more about a quiet uncertain time after one or more waves that have tried and failed to pierce the downtrend. I think we are on the edge of going back up again in similar proportions to that time period in question. |
Bro, do you even blockchain?
-E Voorhees
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bclcjunkie
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June 30, 2015, 04:33:27 PM |
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mostly it's fake volume from okcoin that appears to be leading the rally. it might just end up as the next mtgox we'll see... 
However, the breakout now has more potential of sustaining because we are nearing the next halving. Make no mistake about it. People will front run this event well in advance. Just look at what LTC is doing right now. Its because LTC halves in 60 days. Its not actually a "unreal altcoin run". Its pretty damn predictable.
I think this ltc bubble is the result of bitfinex credit expansion, not ltc halving. the trigger was the pending halving, yes. I find it unreal simply because I have my doubts about money flowing at this pace into ltc, and not btc. |
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BitcoinNewsMagazine
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June 30, 2015, 06:06:20 PM |
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3 (Weekly sma20)
2 (Daily sma200)
1 (Log trendline)
... and lift off, Bitcoin the worlds first digital currency starts to its historical wave three to be in next comming years!
masterluc, what do you think of DanV's alternate count that still calls for a lower low to complete the eight wave cycle properly? No matter how high the price might reach, it is important to note that this will be only retracement bounce retracing the decline from Nov 2013 to recent 151 low not a new Bullish Cycle. Meaning that on completion we will drop to retest 151 zone or make new lower low.
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masterluc (OP)
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June 30, 2015, 07:19:51 PM |
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masterluc, what do you think of DanV's alternate count that still calls for a lower low to complete the eight wave cycle properly? Well I don't except, but think it has smaller odds because all my time projections had been passed. His count will require 2-4 years of revisiting lows and trying to break out. That is too much time for wave two I think. Additionally I have one more "iron" indicator now - weekly sma200, which is appeared not too much time ago. And I don't think it will surrender. If it will then we will see bear epoch. |
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keystroke
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June 30, 2015, 10:08:15 PM |
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Also the difficulty rises have slowed down since June 2014 when we were getting double digit percentage increases in difficulty twice a month : https://bitcoinwisdom.com/bitcoin/difficultyThe hash rate has been relatively stable now for the last four months which makes miners happy. This combined with the halving in the late spring/early summer of 2016 has the effect of tightening up coin supply. |
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HI-TEC99
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June 30, 2015, 10:13:14 PM |
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masterluc, what do you think of DanV's alternate count that still calls for a lower low to complete the eight wave cycle properly? Well I don't except, but think it has smaller odds because all my time projections had been passed. His count will require 2-4 years of revisiting lows and trying to break out. That is too much time for wave two I think. Additionally I have one more "iron" indicator now - weekly sma200, which is appeared not too much time ago. And I don't think it will surrender. If it will then we will see bear epoch. DanV has been predicting 120 since September 2014 and it's gone nowhere near it. Those waiting for 120 in October 2014 got burned because they took his adbice. The closest it got was 150 on Bitstamp in January. Masterluc has made much more accurate counts than DanV and deserves recognition for it. |
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ssmc2
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June 30, 2015, 10:22:55 PM |
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Wouldn't we be closer to this point?
<snip>
No, its more about a quiet uncertain time after one or more waves that have tried and failed to pierce the downtrend. I think we are on the edge of going back up again in similar proportions to that time period in question. Makes sense, I see your point. And I hope we do. |
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realdos
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July 01, 2015, 12:55:46 AM |
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3 (Weekly sma20)
2 (Daily sma200)
1 (Log trendline)
... and lift off, Bitcoin the worlds first digital currency starts to its historical wave three to be in next comming years!
Master, for historical wave three it should also consist of five sub-waves. What price level do you think the first sub-wave should reach and when could we expect it? |
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BitcoinNewsMagazine
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July 01, 2015, 01:00:29 AM |
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I am following four bitcoin analysts who use Elliott Wave and as I read their posts here are their current positions: masterluc - starting impulse wave 3 nowchessnut - Eight wave cycle complete DanV - we are currently in corrective wave C experiencing a bounce but lower lows predicted RyNinDaCleM - we are currently in corrective wave B and expects new lows Did I misinterpret anyone's current count? Also if I missed an EW analyst you think is important link please. Thanks! |
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