Miz4r
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July 20, 2015, 07:45:08 PM |
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Keep on topic please. This is lucs thread I think Luc can speak for himself, I don't think the above messages were off-topic at all. It's about analysis and trading. |
Bitcoin = Gold on steroids
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Afrikoin
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alan watts is all you need
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July 20, 2015, 07:59:47 PM |
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can you come for my party luc? please? Lol. Whats up with all the d*ck sucking? CHill!
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masterluc (OP)
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July 21, 2015, 06:14:59 AM |
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can you come for my party luc? please? Lol. Whats up with all the d*ck sucking? CHill!
Come to Grand bay in Mauritius, we will drink some rum hehe  |
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Chef Ramsay
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July 21, 2015, 06:29:28 AM |
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The buy point for a cup with handle is even with the high point of the handle. So, look for price to break out past $310 in large volume.
Meaning you shoud've bought already or buy now considering the fulfillment move is coming up in a large way. You've been warned that the green shoots are coming hot. |
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masterluc (OP)
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July 21, 2015, 06:37:13 AM |
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Yep, for those who want to take profit from this particular figure, buy point is just above the cup.
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Chef Ramsay
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July 21, 2015, 06:41:21 AM |
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Handle is riding so buy the routine upswing if that's your push. This is a hot ride up.
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windjc
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July 21, 2015, 06:42:31 AM |
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Yep, for those who want to take profit from this particular figure, buy point is just above the cup.
couple quick Qs - A) do these larger timeframe patterns typically play out with btc? B) what would the handle target be? |
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klee
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July 21, 2015, 01:28:18 PM |
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Yep, for those who want to take profit from this particular figure, buy point is just above the cup.
couple quick Qs - A) do these larger timeframe patterns typically play out with btc? B) what would the handle target be? Also, when does this pattern turn invalid? (at what price) |
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masterluc (OP)
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July 21, 2015, 01:44:37 PM |
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Cup and handle triggered well in Bitcoin during consolidation from 266 top in 2013.
For targets use google - everything explained well there.
I'd consider big harm for this pattern - correction below 50% of cup. And more than 20 days. The cup top was out of daily BB and since then price should hit daily 20 sma so it did. Price needs now up to 20 days of consolidation (since top) to bring back daily bb, adx, rsi, ss to low start - as they were too overbought.
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molecular
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July 21, 2015, 03:16:29 PM
Last edit: July 21, 2015, 04:57:06 PM by molecular |
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Yep, for those who want to take profit from this particular figure, buy point is just above the cup.
couple quick Qs - A) do these larger timeframe patterns typically play out with btc? B) what would the handle target be? Partly for fun, partly serious: I present the Matroska Cup & Handle pattern:  $1000 bitcoin party around October... see you there  EDIT: which, by the way, has worked before very well: can there be a cup & handle inside a cup & handle ?  EDIT: so, do cup and handles typically play out in these timeframes? It looks good when we look at the 2nd pic. The first one of course doesn't really show a cup & handle. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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klee
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July 21, 2015, 07:54:27 PM |
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Hello everyone. Comments and thoughts about this scenario:  Very possible IMO |
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Afrikoin
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alan watts is all you need
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July 21, 2015, 08:31:05 PM |
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Hello everyone. Comments and thoughts about this scenario:
Very possible IMO Possibly. Also see targets of between $245 and $265 based on other indicators, EMAs, MAs, fibs on 3 day |
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snowdropfore
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July 24, 2015, 11:13:24 PM |
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bull market confirmed，no update？
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Fatman3001
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Make Bitcoin glow with ENIAC
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July 25, 2015, 08:12:25 AM |
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bull market confirmed，no update？
...buy |
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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StarenseN
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July 27, 2015, 11:07:41 AM |
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 Clean trendline. |
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ejinte
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July 27, 2015, 11:48:58 AM |
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Clean trendline. Nice chart. Cup and handle pattern is even more clear on this one. |
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molecular
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July 28, 2015, 07:00:28 PM |
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Is that cup and hadle here 4 months long?  I'm thinking about this. Could we still say it's possible to play out? We just about reached the left rim of the cup, but the right rim (usually it should be equal price, but it's not in this case) is still $15 or so away. So we haven't really broken out of the handle, have we? I'm trying to figure out if we could still be in the handle for a while and go back down to something in between 260 and 280 and then start the breakout? masterluc suggested the handle could be up to 20 days from rim of cup (which was on 7/12), so only a couple of days left. So... could the handle be longer than that? Is the cup & handle still valid? 'Simplest' solution to keep the pattern alive and also the 20 days intact would be a break above and beyond $315 this week, but I'm not sure that's in the cards from a shorter-term perspective. Opinions? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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8up
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July 28, 2015, 07:54:22 PM |
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My opinion: Patience is a virtue. Unexpected is king. Bitcoin is on the rise. Slow but steady wins the race. This is no time to be a dollar bull...  |
Always wrong until not.
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