Analysis

[Joe200]

Where is the correction going to? 13k? 11k? 9.4k?

15 800

What really? How is this a correction then? Please explain.

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[600watt]

Where is the correction going to? 13k? 11k? 9.4k?

15 800

What really? How is this a correction then? Please explain.

19 800 down to 15 800 is a 20% correction imho.

[Wekkel]

It is my gut feeling that the master is not wrong, but that his predicted base of 1-1,5 yrs back is simply proven a bit too low ($10k instead of $15-20k). That could mean that the estimated spike is not $50k-70k but somewhere around $100k. Looking at the altcoins seeming much less correlated to Bitcoin taking a 20% dive (!), there is much more to the market right now than in 2013.

It’s bigger and much stronger.

So diversify and hold.

[Hope_Trader]

It is my gut feeling that the master is not wrong, but that his predicted base of 1-1,5 yrs back is simply proven a bit too low ($10k instead of $15-20k). That could mean that the estimated spike is not $50k-70k but somewhere around $100k. Looking at the altcoins seeming much less correlated to Bitcoin taking a 20% dive (!), there is much more to the market right now than in 2013.

It’s bigger and much stronger.

So diversify and hold.

altcoins aren't budging so much because:

A - ethbtc and ltcbtc are still bullish, but that will reverse soon enough, at least in the short term.

and

B - some alts are not correlated or are in competition, such as BCH or BTG, both of which may serve well as BTC hedges.

eth ltc and btc are all due further correction IMO, it doesn't make sense for them to continue as they are.

[STT]

Where is the correction going to? 13k? 11k? 9.4k?

15 800

The correction already reached its first objective which is $15,700 which is just a Fibonacci level same as the recent top.    Any fright between those two prices is just the audience perception, there is nothing negative in the price yet to really justify a negative view.
If anything every pullback is a positive so long as it remains regular and stable within a larger trend and 20 to 15k is broadly just an adjustment area.    Thats a big gap in pricing in theory but also relative to the growth in price, speed and volume its reasonable.    

  Every day stocks trade the market makers and speculators reference previous movements, daily weekly monthly and if done similarly with bitcoin this wide range we have now is just normal action.   It may alter, maybe people get too worried I dont know but at present its still normal.   I also imagine Xmas has some effect even though BTC is global, this is just my personal guess on this time of year and I would say the same for Chinese New Year

[Joe200]

masterluc's latest message:

Пapдoньтe чтo нe пиcaл. Кopoчe cpaбoтaл мoй пpoпpиeтapный пpимa индикaтop. Hac ждёт тaки кoppeкция.

Дa вoт я тaкoй oптимиcт в пeccимиcтичнoм oбщecтвe и пeccимиcт в oптимиcтичнoм.

Moй пpoпpиeтapный индикaтop - мeжпoзвoнoчнaя гpыжa. Пepeд кpyтoй кoppeкциeй вocпaляeтcя тaк, чтo двигaтьcя нe мoгy. TA oтдыxaeт.

Эx, cтapocть нe paдocть. Кxe-кxe. Cтapaя бaбкa cтaлa peбятки.

Уй блaт. Гдe мoй диклoфeнaк....

Any heroic soul care to translate?

Where does he post his messages?

[Millionero]

We have a new post.

Пpeдyпpeждaю eщё paз. Bce aльты - днo. Этo aкcиoмa. Любыe кaммeнты c xитpым cпaмoм aльтoв, a ocoбeннo бикeш и кeфиp (ICO) - вeдyт к бecпoщaднoмy бaнy в cooбщecтвe.
Здecь пpoиcxoдит гeнoцид пoдaвaнoв Bэpa и Bитaликa. Mы yнижaeм иx чeлoвeчecкoe дocтoинcтвo. Здecь oфициaльнo paзpeшeнo иx xyecocить.

I'm mostly interested in what "Пpeдyпpeждaю eщё paз. Bce aльты - днo. Этo aкcиoмa." means.  The rest of the post sounds like he's venting frustration.  
Google translate says,
I warn again. All alto - the bottom. This is an axiom.
Is he saying the correction is over?  I can't tell.

Where does he post his messages?

https://vk.com/bitcoin_vanga

[snowdropfore]

We have a new post.

Пpeдyпpeждaю eщё paз. Bce aльты - днo. Этo aкcиoмa. Любыe кaммeнты c xитpым cпaмoм aльтoв, a ocoбeннo бикeш и кeфиp (ICO) - вeдyт к бecпoщaднoмy бaнy в cooбщecтвe.
Здecь пpoиcxoдит гeнoцид пoдaвaнoв Bэpa и Bитaликa. Mы yнижaeм иx чeлoвeчecкoe дocтoинcтвo. Здecь oфициaльнo paзpeшeнo иx xyecocить.

I'm mostly interested in what "Пpeдyпpeждaю eщё paз. Bce aльты - днo. Этo aкcиoмa." means.  The rest of the post sounds like he's venting frustration.  
Google translate says,
I warn again. All alto - the bottom. This is an axiom.
Is he saying the correction is over?  I can't tell.

Where does he post his messages?

https://vk.com/bitcoin_vanga

 i guess he was saying ,the correction is over now ,because the word bottom .but if anyone can translate it ,that will be better .

[baseke]

I warn you once again. All altscoin are garbage/sucks (bottom).This is axiom. Any comments with altcoins spam especially bcash and eth (ico) lead to merciless ban in this community. Ver's and Vitalik's padawans genocide takes place inhere. We humiliate their dignity.  It is officially permitted to mock/sneer them.

[Gab0]

^ Thanks for translate (:

[cAPSLOCK]

By bottom, I think he means the comments section.  Like - below.

Quite the BTC maximallist as we know.

[baseke]

In Russian днo/bottom as slang means garbage if you use for a person/item/place.
 see https://en.wikipedia.org/wiki/The_Lower_Depths  The Lower Depths (Russian: Ha днe, Na dne, literally: 'At the bottom') is perhaps the best known of Maxim Gorky's plays.

[Millionero]

In Russian днo/bottom as slang means garbage if you use for a person/item/place.
 see https://en.wikipedia.org/wiki/The_Lower_Depths  The Lower Depths (Russian: Ha днe, Na dne, literally: 'At the bottom') is perhaps the best known of Maxim Gorky's plays.

Very cool, thanks.  I love learning stuff like that.

[Joe200]

The correction already reached its first objective which is $15,700 which is just a Fibonacci level same as the recent top.    Any fright between those two prices is just the audience

How do you calculate the fib levels? OK, so the top is ~20k. How do you figure the bottom, to get the fib retracement to be 15.7?

[Millionero]

How do you calculate the fib levels?

Please don't think I'm saying this to be harsh or criticize you negatively, but you can google that question, read up a little, and you'll be much more able to contribute to this discussion.
I think we should devote our time to exegesis of the master's pronouncements rather than engaging in a tutorial session.
https://www.investopedia.com/terms/f/fibonacciretracement.asp

[rjclarke2000]

Pardonte that did not write. In short, my proprietary prima indicator worked. We are waiting for a correction. Yes, I'm such an optimist in a pessimistic society and a pessimist in an optimistic. My proprietary indicator is the intervertebral hernia. Before a steep correction inflamed so that I can not move. TA is resting. Eh, old age is not fun. Khe-khe. The old grandmother became a child. Uye blat. Where is my diclofenac ....


That’s the google translation.

Can someone translate that? What the...

[podyx]

[Hope_Trader]

Pardonte that did not write. In short, my proprietary prima indicator worked. We are waiting for a correction. Yes, I'm such an optimist in a pessimistic society and a pessimist in an optimistic. My proprietary indicator is the intervertebral hernia. Before a steep correction inflamed so that I can not move. TA is resting. Eh, old age is not fun. Khe-khe. The old grandmother became a child. Uye blat. Where is my diclofenac ....


That’s the google translation.

Can someone translate that? What the...

if you read the thread before posting you might find out...

[Joe200]

How do you calculate the fib levels?

Please don't think I'm saying this to be harsh or criticize you negatively, but you can google that question, read up a little, and you'll be much more able to contribute to this discussion.
I think we should devote our time to exegesis of the master's pronouncements rather than engaging in a tutorial session.
https://www.investopedia.com/terms/f/fibonacciretracement.asp

I am just asking about the price level at which you set the 0% for figuring the fib retracement. In the master's chart, he sets 3.5 as a critical price level. Using that, the fib retracements are 13.5 (62%), 11.6 (50%), and 9.7 (38%). How do you get 15.7?

[btcone111]

In Russian днo/bottom as slang means garbage if you use for a person/item/place.
 see https://en.wikipedia.org/wiki/The_Lower_Depths  The Lower Depths (Russian: Ha днe, Na dne, literally: 'At the bottom') is perhaps the best known of Maxim Gorky's plays.

thank you very much for the information! to be honest, non russian speakers like myself always have a lttle bit problem with undersatnding what masterluc means!