masterluc (OP)
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June 22, 2016, 08:04:32 PM |
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And finally. If 700+ levels will show strong resistance, keep in mind this bullish arc, which may result into cup or h&s or other crazy bull shit   |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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Fakhoury
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Permabull Bitcoin Investor
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June 22, 2016, 08:09:37 PM |
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Great analysis from a Legend !! Thank you for getting back to your home and in between your family, MasterLuc  |
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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iron77
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June 22, 2016, 08:44:17 PM |
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sandiman
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June 22, 2016, 09:22:18 PM |
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Welcome back, luc. Hope you took the time and rest you needed.
You willing to circle back and let us know what you were suggesting with your final message referencing Wave three alongside a Sator square? Have the past 7 months changed that viewpoint positively or negatively?
Sator Arepo Tenet Opera Rotas - is a palindrome with lot of meanings, mine is "founder's work returns harvest". I think Bitcoin dawn is starting and thus, historical III (biggest wave in impulse) is running. 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.
is this count from november still valide ?? are we getting closer of the third of the third of the third Thank you for all the valuable information you are sharing, they have proven to be of the better qualifity you find in this forum. |
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keystroke
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June 22, 2016, 09:43:19 PM |
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Welcome back masterluc. We have missed you. How high can we go? |
"The difference between a castle and a prison is only a question of who holds the keys."
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HeliKopterBen
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June 23, 2016, 01:33:11 AM |
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Retracements should get shallower on the way up if it is a bull. Last November's retrace was about .75. .618 of this move would be around 566. Looks like a good stopping point.
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Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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BitcoinNewsMagazine
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June 23, 2016, 02:03:36 AM |
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May (just may) hold at 38.2% retrace from last swing low to swing high  |
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TeeBone
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June 23, 2016, 02:10:40 AM |
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May (just may) hold at 38.2% retrace from last swing low to swing high Fib from the bottom is marked after wave 5, not wave 3 which most (everybody) assumes this is. |
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masterluc (OP)
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June 23, 2016, 06:54:39 AM |
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Too sharp decline, went into negative d/bb zone, lower previous weekly candle low. Assume micro rally ended. Some correction expected till autumn-winter 2016. The most logical ew picture looks like following for me. The supports could be found with trend lines, triangle appexes & fibos.  However I see a potential wave extension here. If so, we'll got a giant IV wave triangle here  Need to wait another year in this case, well. Both cases provide a giant multi year bullish head and shoulders pattern.  |
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masterluc (OP)
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June 23, 2016, 07:08:08 AM |
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As for short term, $570 should hold and give a nice bounce because of this. Anyway, this is not similar to short term rally continuation picture  |
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masterluc (OP)
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June 23, 2016, 07:22:27 AM |
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As for ethereum. I think this moron Vitalik will bury the entire project if he applies censorship and break "irreversible" feature of blockchain in his dumb fork. This is very fucking dangerous precedent. They don't have idea what they doing. They try to save 3 mil ETH by cost of people trust to Ethereum.
If I see Bitcoin devs saving few ppl's money by ruining fundamental whitepaper laws - I immediately sell all of my BTC and go away.
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hdbuck
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June 23, 2016, 07:30:32 AM |
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If I see Bitcoin devs saving few ppl's money by ruining fundamental whitepaper laws - I immediately sell all of my BTC and go away.
That's the spirit  but i'd pretty much enjoy a eth ph0rk as vitalik was pushing for one in bitcoin. hehe. |
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flyer88
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June 23, 2016, 07:35:14 AM |
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Any thoughts about the future if price is dropping beneath that pretty green line?
€dit: ah, got it. The green line isnt the same as in the Picture above.
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Doms
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June 23, 2016, 07:43:29 AM |
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I'm going to follow this thread from now on. Seems that we are in the middle of a bull run after all. The long term trend is still showing signs of a good run in the coming years. And in the short term, since RSI has gone back to normal levels, I expect the price to rise again before it reaches overbought levels. I hope it was a good decision on my part to buy some at $560 a while ago.
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podyx
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June 23, 2016, 07:55:04 AM |
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As for short term, $570 should hold and give a nice bounce because of this. Anyway, this is not similar to short term rally continuation picture
mg]https://www.tradingview.com/x/aoV08er8/[/img]
You're saying we will continue falling? |
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BldSwtTrs
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June 23, 2016, 10:06:07 AM |
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Assume micro rally ended.
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Bavaria
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June 23, 2016, 10:11:34 AM |
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Nobody knows if micro rally has ended or not. Let`s wait for some weeks. I think the rally will go on.
P.S. Welcome back master luc!
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infofront
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Shitcoin Minimalist
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June 23, 2016, 08:16:49 PM |
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As for short term, $570 should hold and give a nice bounce because of this. Anyway, this is not similar to short term rally continuation picture It seems like you pretty well nailed that. It dropped to ~$560 and bounced to the $620s. The selling pressure seems to have mostly dried up, and volume has remained consistently high. I do think this is just a correction. |
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masterluc (OP)
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June 23, 2016, 08:27:31 PM |
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The selling pressure seems to have mostly dried up, and volume has remained consistently high. I do think this is just a correction.
70/30 chance of this started correction may take another 6-10 months. Need too see whether weekly candle hold above bb or not. But if yes, it would be a hammer/hanged (( Dump went too far. |
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Odalv
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June 23, 2016, 08:39:41 PM |
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The selling pressure seems to have mostly dried up, and volume has remained consistently high. I do think this is just a correction.
70/30 chance of this started correction may take another 6-10 months. Need too see whether weekly candle hold above bb or not. But if yes, it would be a hammer/hanged (( Dump went too far. Look at weekly chart. Red candle 201 2-08-13 |
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