Analysis

[ImI]

I invoke the master

goodbye triangle

triangle still valid on US exchanges, technically its a triple top

true, but doesnt matter cause we have basically two predictions from Luc. one says big triangle well into 2017 and one says big move to 1000$+. so whatever happens everybody will be cheering. even if we fall to 450$ you could still argue that its just part of the big triangle.

[Kramerc]

I invoke the master

goodbye triangle

triangle still valid on US exchanges, technically its a triple top

Actually, imo, triangle has never been valid. Triangles only correct, on low to no volume at all. They don't trend, which is what bitcoin's been doing lately, which is easy to see if you're looking at the volume profiles.

[Wexlike]

I think Luc gave an update on tradingview:

https://www.tradingview.com/chart/BTCUSD/g9n4rJ0L-The-way-coup-and-handle-can-break-up/

[ImI]

so no more triangle i guess

[StarenseN]

I think Luc gave an update on tradingview:

https://www.tradingview.com/chart/BTCUSD/g9n4rJ0L-The-way-coup-and-handle-can-break-up/

Linear scale, really ?

[podyx]

I think Luc gave an update on tradingview:

https://www.tradingview.com/chart/BTCUSD/g9n4rJ0L-The-way-coup-and-handle-can-break-up/

]https://i.imgur.com/aMbPukI.jpg[/img]

That Lucs user account?

[Hunyadi]

I think Luc gave an update on tradingview:

https://www.tradingview.com/chart/BTCUSD/g9n4rJ0L-The-way-coup-and-handle-can-break-up/

That Lucs user account?

Yes.

[darlidada]

whats the price target for the break up to the moon?

[Pruden]

I think Luc gave an update on tradingview:

https://www.tradingview.com/chart/BTCUSD/g9n4rJ0L-The-way-coup-and-handle-can-break-up/

That Lucs user account?

Yes.

Source?
Masterluc would never say "coup".

[secousa]

I think Luc gave an update on tradingview:

https://www.tradingview.com/chart/BTCUSD/g9n4rJ0L-The-way-coup-and-handle-can-break-up/

That Lucs user account?

Yes.

Source?
Masterluc would never say "coup".

That's his username. Look at older TV charts from him. they all use PentarhUdi as the username.

[STT]

Actually, imo, triangle has never been valid. Triangles only correct, on low to no volume at all. They don't trend, which is what bitcoin's been doing lately, which is easy to see if you're looking at the volume profiles.

I wonder how this works because its only with volume confidence in the data is there.    Obviously if 1 sale occurs at 100 and 500 sales occur at 800 even if the low price was the most recent we can be fairly sure that 800 is still the most significant price.   Drawing the conclusions from the periods of lower volume would break from chart analysis Ive seen done previously

[Kramerc]

Actually, imo, triangle has never been valid. Triangles only correct, on low to no volume at all. They don't trend, which is what bitcoin's been doing lately, which is easy to see if you're looking at the volume profiles.

I wonder how this works because its only with volume confidence in the data is there.    Obviously if 1 sale occurs at 100 and 500 sales occur at 800 even if the low price was the most recent we can be fairly sure that 800 is still the most significant price.   Drawing the conclusions from the periods of lower volume would break from chart analysis Ive seen done previously

I honestly don't understand what you meant to say. Could you maybe rephrase?

[STT]

Without volume the data is not significant.  Calling a trend or analysis on a lack of trading seems a shot in the dark.    Mostly I see people call out  volume events such Trump surprise election, then they call a trend on the difference from the last big event/volume

[Kramerc]

Without volume the data is not significant.  Calling a trend or analysis on a lack of trading seems a shot in the dark.    Mostly I see people call out  volume events such Trump surprise election, then they call a trend on the difference from the last big event/volume

Maybe this way my point is easier to understand.

[iqlimasyadiqa]

bitcoin price movements were fantastic. increase happened so fast. bitcoin increasingly demand a lot of people and also current bitcoin transaction volume demand is very high.

[BlackPanda]

Without volume the data is not significant.  Calling a trend or analysis on a lack of trading seems a shot in the dark.    Mostly I see people call out  volume events such Trump surprise election, then they call a trend on the difference from the last big event/volume

transaction volume is now quite a lot. I think that the more demand factors make bitcoin price increases. while the effect trumpt not answer the rising price of bitcoin today. bitcoin price increase affects all things that exist in the world today.

[davidorentol]

i'm a little confused.At what weekly close price, we can assume that cup and handle pattern is activated at different exchanges?

for example:

 778$ Stamp?
 789$ Bitfinex?
 696 euro Kraken?
5180 yuan Huobi?

Are my numbers correct ?

[ImI]

What cup-and-handle? Afaik Luc's prediction was a big triangle well into 2017.

[ImI]

According to MasterLuc this is where we stop and bleed off to approx 580 in early January.  He's been right so many times, if Bitcoin does this Ill be blown away.

Looks like this may be in the works?

nope.

[davidorentol]

What cup-and-handle?

https://bitcointalk.org/index.php?topic=274613.msg16207136#msg16207136