Analysis

[Morecoin Freeman]

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Anyway, this is above my skillz. I waited this great 3, it comes suddenly. I quit. Bye guys. Analysis ended.

Nooooooo.

Thank you for your analysis's. I did really appreciate your effort.

But I think you should continue because in my opinion we will see lower prices again.
Maybe I am somewhat on my own here but I do not believe that we entered a bull market.

I feel like 500 USD, 3300 CNY, this could be it. Nice round numbers and a lot of profit.

Moving towards January we will see lower prices.

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[thefiniteidea]

Here comes the sanity... at $400 already.

Like an LSD trip wearing off.

[Zarathustra]

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Anyway, this is above my skillz. I waited this great 3, it comes suddenly. I quit. Bye guys. Analysis ended.

Epic end to an epic thread.

Of three epic threads only one is left .

[DiamondCardz]

Here comes the sanity... at $400 already.

Like an LSD trip wearing off.

Right now we're actually still up compared to yesterday. I wonder if we're going to stabilise around $400 or if we'll drop into the $300 range. I don't think we'll necessarily drop into the $200 range again though, at least I hope so

[megadeth]

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Anyway, this is above my skillz. I waited this great 3, it comes suddenly. I quit. Bye guys. Analysis ended.

Epic end to an epic thread.

Of three epic threads only one is left .

The three threads:
Goomboos Journal https://bitcointalk.org/index.php?topic=60501.0
This thread.
Third?

[BitcoinNewsMagazine]

So far just a 50% correction from 10/31 $303 to 11/4 $502:



Price already rebound to $436 while posting this.

[ssmc2]

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Anyway, this is above my skillz. I waited this great 3, it comes suddenly. I quit. Bye guys. Analysis ended.

Epic end to an epic thread.

Of three epic threads only one is left .

The three threads:
Goomboos Journal https://bitcointalk.org/index.php?topic=60501.0
This thread.
Third?

Gotta be PnF TA https://bitcointalk.org/index.php?topic=1064374.0

[podyx]

chessnut's EW analysis too

[Joerii]

Thanks Master.

Sad to see the  best thread on this forum come to a close though.

[uki]

Here comes the sanity... at $400 already.

Like an LSD trip wearing off.

Right now we're actually still up compared to yesterday. I wonder if we're going to stabilise around $400 or if we'll drop into the $300 range. I don't think we'll necessarily drop into the $200 range again though, at least I hope so

I think we shouldn't go below $350 which was the top target of this rally for me. Right now that should be a solid support, if we are pushed below $400. Good to see a correction, because the pace of recent events was unsustainable and hard to explain by any fundamental news or TA.

@luc: sad to see you go, although I am not big fan of EW, nevertheless the quality of the posts in this thread deserves to keep it alive!

[mrbrt]

Anyone find it odd that there is a $60 USD difference between bitstamp and the chinese exchanges (okcoin, huobi)?

[Zarathustra]

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Anyway, this is above my skillz. I waited this great 3, it comes suddenly. I quit. Bye guys. Analysis ended.

Epic end to an epic thread.

Of three epic threads only one is left .

The three threads:
Goomboos Journal https://bitcointalk.org/index.php?topic=60501.0
This thread.
Third?

The thread with the 1'527'282 views.

[hdbuck]

thx master!

[windjc]

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Can someone translate this for me? Thx.

[Miz4r]

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Can someone translate this for me? Thx.

You understand EW theory I presume? Masterluc is just saying that we're still only in local wave 3 since 240, and that he expected to see a corrective wave 4 much earlier. That's why he sold his coins at 320-360 or something around there.

I don't really understand why this is a reason for masterluc to end his analysis though. So wave 3 was bigger than anticipated, and wave 4 seems to be underway right now. Why is this such a problem? You can't correctly predict and ride every single wave out there, this one was too big and unexpected also for me and I've been hanging on all the way in November 2013. Chinese buyers are just something else lol.

[Tzupy]

I'm sorry to hear that masterluc enters a silence phase, I hope my "polluting" of his thread, especially during these last days, wasn't among the causes.

About the market, I think we need to form a bullish double bottom before going up, so need to test support again (happening as I write this... ).
At a larger time frame, this exciting evolution may fit into the "THE wave B" scenario, of an accelerated wave C that we just entered.
But it depends how much fresh fiat is going to hit the exchanges during the next weeks, if China dries up, then it's a good case for wave C.
If price recovers and stays close to 500$, then this may have been the wave 1 (and beginning of 2) of a new bubble.

[heropzy]

Don't quit, Luc. We missed you

[klee]

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Can someone translate this for me? Thx.

You understand EW theory I presume? Masterluc is just saying that we're still only in local wave 3 since 240, and that he expected to see a corrective wave 4 much earlier. That's why he sold his coins at 320-360 or something around there.

I don't really understand why this is a reason for masterluc to end his analysis though. So wave 3 was bigger than anticipated, and wave 4 seems to be underway right now. Why is this such a problem? You can't correctly predict and ride every single wave out there, this one was too big and unexpected also for me and I've been hanging on all the way in November 2013. Chinese buyers are just something else lol.

Is there an objective way to count the waves? Or is it up to anyone's interpretation?

[infofront]

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Can someone translate this for me? Thx.

You understand EW theory I presume? Masterluc is just saying that we're still only in local wave 3 since 240, and that he expected to see a corrective wave 4 much earlier. That's why he sold his coins at 320-360 or something around there.

I don't really understand why this is a reason for masterluc to end his analysis though. So wave 3 was bigger than anticipated, and wave 4 seems to be underway right now. Why is this such a problem? You can't correctly predict and ride every single wave out there, this one was too big and unexpected also for me and I've been hanging on all the way in November 2013. Chinese buyers are just something else lol.

Is there an objective way to count the waves? Or is it up to anyone's interpretation?

Both. There are guidelines, but as with anything else, the data can be interpreted in multiple ways. That's why, given the same circumstances, you can see vastly different EW analyses.

[pontikis13]

I had sold every last coin I owned at 500. After masterluc announced that analysis ended I was finally convinced that this is the next bubble and bought back in at 470.
Panic sold at 415. Bought back in at 420. Then panic sold 392.  All in all a horrible way to end the day lol