Afrikoin
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alan watts is all you need
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September 21, 2015, 08:04:47 AM |
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Not sure if I did everything ok (I used a simple 200MA, 1w chart) but seems to me case is closed:
[img]https://cryptrader.com/c/prAiRt5A
I see what you mean. Also possible that it could drag on sideways (above $210) and repeat what happened in April. Perhaps the market is not exhausted enough yet, and another move up to pull in more crowds. ie a double/triple
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8up
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September 21, 2015, 08:13:48 AM |
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Not sure if I did everything ok (I used a simple 200MA, 1w chart) but seems to me case is closed:
I think there is some more room left. Invalidated if ~$200 fails. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FyHfgtix.png&t=665&c=Hpp-WuT1OCCozw)
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Always wrong until not.
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pontikis13
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September 21, 2015, 03:02:36 PM |
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So what is the conclusion drawn from this chart?
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klee
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September 21, 2015, 04:35:01 PM |
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Not sure if I did everything ok (I used a simple 200MA, 1w chart) but seems to me case is closed: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcryptrader.com%2Fc%2FprAiRt5A&t=665&c=PHUqAj0qpl_b8A) So what is the conclusion drawn from this chart? MA 200 support became resistance - this line would be important if violated again to the upside.
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Xiaoxiao
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The Golden Rule Rules
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September 21, 2015, 05:37:32 PM |
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So if it reaches 300ish that means time for some kind of rally?
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klee
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September 21, 2015, 06:57:53 PM |
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So if it reaches 300ish that means time for some kind of rally?
IMO if we manage to hold 230+ we will rally to 300 again, this time for good (at least 350).
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Eivind Nag
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September 21, 2015, 08:13:28 PM Last edit: September 21, 2015, 08:36:12 PM by Eivind Nag |
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Since my last count was the ultra bearish one i have tried to create a valid bull count too. At first sight it looks difficult to create a bullish count from the current situation but there is actually a very compelling case. I think it is more or less certain that we are going to have a revisit ~190 no matter what happens, bull or bear. What happens when it hits the 195-190 level is on the other hand very uncertain. In my bear count the price should traverse 190 almost like air and fall further, maybe towards 140-160 before correcting, maybe even further. In my bull count it should bounce on the trendline from the expanding triangle like it was a million degrees hot and explode into an extremely violent 5th wave. Impulses should be easy to count in this case. Bull case: https://i.imgur.com/RDFX5eg.jpgWe are nearing a junction if i ever saw one. The main uncertainty as i see it is if 152 was A, 3 or C.
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RyNinDaCleM
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September 21, 2015, 08:45:51 PM Last edit: September 21, 2015, 09:03:33 PM by RyNinDaCleM |
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Since my last count was the ultra bearish one i have tried to create a valid bull count too. At first sight it looks difficult to create a bullish count from the current situation but there is actually a very compelling case. I think it is more or less certain that we are going to have a revisit to around 190 no matter what happens, bull or bear. What happens when it hits the 195-190 level is on the other hand very uncertain. In my bear count the price should traverse 190 almost like air and fall further, maybe towards 140-160 before correcting, maybe even further. In my bull count it should bounce on the trendline from the expanding triangle like it was a million degrees hot and explode into an extremely violent 5th wave. Impulses should be easy to count in this case. Bull case: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FRDFX5eg.jpg&t=665&c=FMKjLE8dn6jY1Q) We are nearing a junction if i ever saw one. The main uncertainty as i see it is if 152 was A, 3 or C. That count is in no way valid as labeled! At best, an expanding triangle as such would be B of (B) to $152's (A). Even as a diagonal (the only way that 1 and 4 can overlap), the 4 is vastly too long for the count. I definitely wouldn't classify that as "Compelling". Maybe "Hopeful" or "With a little bit of luck". Edit: On the weekly chart, Bitcoin looks bleak. The Divergences are bad now, and with a HH, there will either be regular Bearish divs or worsening hidden Bearish divs. Chance for the big rally has passed. Now we wait for our bottom and a long slow grind back up before we have our next chance at an epic Bull market. "Sell in May and go away!" Buy back next May! ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1442868964801.png&t=665&c=a2ma4iuBppFyxQ)
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Afrikoin
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September 21, 2015, 08:47:58 PM |
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Since my last count was the ultra bearish one i have tried to create a valid bull count too.
At first sight it looks difficult to create a bullish count from the current situation but there is actually a very compelling case.
I think it is more or less certain that we are going to have a revisit to around 190 no matter what happens, bull or bear. What happens when it hits the 195-190 level is on the other hand very uncertain.
In my bear count the price should traverse 190 almost like air and fall further, maybe towards 140-160 before correcting, maybe even further. In my bull count it should bounce on the trendline from the expanding triangle like it was a million degrees hot and explode into an extremely violent 5th wave. Impulses should be easy to count in this case.
Bull case:
We are nearing a junction if i ever saw one. The main uncertainty as i see it is if 152 was A, 3 or C.
That count is in no way valid as labeled! At best, an expanding triangle as such would be B of (B) to $152's (A). Even as a diagonal (the only way that 1 and 4 can overlap), the 4 is vastly too long for the count. I definitely wouldn't classify that as "Compelling". Maybe "Hopeful" or "With a little bit of luck". +1 hat 4 LOOKS a mighty stretch.
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podyx
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September 22, 2015, 11:27:33 AM |
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What does the latest surge means? Still possible for a bullish outcome short-mid term? Also, what do you guys think about this? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F7aHrRn4.png%3F1&t=665&c=nVTS4FcQno6cWg)
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8up
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September 22, 2015, 11:41:01 AM |
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What does the latest surge means? Still possible for a bullish outcome short-mid term?
Also, what do you guys think about this?
If $235 will be breached a possible rally to $350 might come to fruition. After that (for the then bullish uberbulls annoying) set-back to current valuation and even more potential downside.
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Always wrong until not.
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klee
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September 22, 2015, 11:48:12 AM |
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What does the latest surge means? Still possible for a bullish outcome short-mid term?
Also, what do you guys think about this?
If $235 will be breached a possible rally to $350 might come to fruition. After that (for the then bullish uberbulls annoying) set-back to current valuation and even more potential downside. I agree up to the 350$ part. Then I don't have an opinion.
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Fatman3001
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Make Bitcoin glow with ENIAC
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September 22, 2015, 12:22:29 PM |
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What does the latest surge means? Still possible for a bullish outcome short-mid term?
Also, what do you guys think about this?
If $235 will be breached a possible rally to $350 might come to fruition. After that (for the then bullish uberbulls annoying) set-back to current valuation and even more potential downside. I agree up to the 350$ part. Then I don't have an opinion. Give me $380+ and I'll start posting moon gifs and mean it.
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"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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klee
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September 22, 2015, 12:27:38 PM |
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What does the latest surge means? Still possible for a bullish outcome short-mid term?
Also, what do you guys think about this?
If $235 will be breached a possible rally to $350 might come to fruition. After that (for the then bullish uberbulls annoying) set-back to current valuation and even more potential downside. I agree up to the 350$ part. Then I don't have an opinion. Give me $380+ and I'll start posting moon gifs and mean it. Anti-gravity phenomena will start appearing at these prices..
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masterluc (OP)
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September 22, 2015, 07:49:43 PM |
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Just to remind about myself ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) IMO, nothing changed, I think price will continue to swing inside this channel. What does the latest surge means? Still possible for a bullish outcome short-mid term? Also, what do you guys think about this? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F7aHrRn4.png%3F1&t=665&c=nVTS4FcQno6cWg)
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smoothie
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LEALANA Bitcoin Grim Reaper
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September 22, 2015, 08:49:46 PM |
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Just to remind about myself ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) IMO, nothing changed, I think price will continue to swing inside this channel. What does the latest surge means? Still possible for a bullish outcome short-mid term? Also, what do you guys think about this? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F7aHrRn4.png%3F1&t=665&c=nVTS4FcQno6cWg) we will see. Looks like it is falling off the edge ever so slowly...but what do I know...
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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Ivanhoe
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September 22, 2015, 08:58:50 PM |
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I always wonder, what do you do as a trader on such boring days? I only trade the bigger timeframes so i don't know.
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RyNinDaCleM
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September 22, 2015, 09:02:06 PM |
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I always wonder, what do you do as a trader on such boring days? I only trade the bigger timeframes so i don't know.
I trade Oil or SPX or Silver, or TSLA once or twice. There are thousands of stocks/bonds/indices/commodities out there when Bitcoin is boring. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Afrikoin
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alan watts is all you need
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September 22, 2015, 10:16:52 PM |
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I always wonder, what do you do as a trader on such boring days? I only trade the bigger timeframes so i don't know.
I trade Oil or SPX or Silver, or TSLA once or twice. There are thousands of stocks/bonds/indices/commodities out there when Bitcoin is boring. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Do you have thread for these other commodities?
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RyNinDaCleM
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September 22, 2015, 11:51:44 PM |
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I always wonder, what do you do as a trader on such boring days? I only trade the bigger timeframes so i don't know.
I trade Oil or SPX or Silver, or TSLA once or twice. There are thousands of stocks/bonds/indices/commodities out there when Bitcoin is boring. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Do you have thread for these other commodities? I do not... Often I'll spot a setup just in time and reporting it in a thread may only induce losses for some since they might see it only after the expected move materializes. I don't even know where I would post something like that without starting a blog ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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