Analysis

[Enjel]

We are currently moving with scenario #1. The Bitcoin price fell from 20k to 10k - already happened. Now BTC will consolidate for a bit longer, before going to the moon.

[1713870045]

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[1713870045]

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[1713870045]

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[windjc]

The discussion now is about a quote almost 4 weeks ago, before the consolidation advanced. Its an semi-outdated quote and I am not sure why it was brought up again.

[Asefex]

The discussion now is about a quote almost 4 weeks ago, before the consolidation advanced. Its an semi-outdated quote and I am not sure why it was brought up again.

I asked about the first option  because it is not clear when it gonna hit 70k . If you think that it is useless to speak about that , I guess you have already known the answer.

[abedit]

Following ML's old posts, new posts, and this thread for the past few months has been nothing short of amazing.  In order for me to better understand his teaching, I could either learn Russian or learn TA.  For me, learning Russian is impossible but learning TA may be worth a shot, though I realize neither I nor anyone can come close to ML's ways.  Nonetheless, I would understand his ways better, and learning TA would serve me better in the long-run anyway.  I realize there's ample TA resources, but would like to stick to recommendations that are associated with ML.  For instance, ML sometimes has referenced Enky who in turn recommended some books:  https://btctrading.wordpress.com/2018/01/02/long-term-update-2018-outlook-with-entropic-methods/#comments.  But I haven't yet found ML himself make any recommendations.  If so, could someone provide me a link to that information?  Thanks.

[milkshock100]

The discussion now is about a quote almost 4 weeks ago, before the consolidation advanced. Its an semi-outdated quote and I am not sure why it was brought up again.

I asked about the first option  because it is not clear when it gonna hit 70k . If you think that it is useless to speak about that , I guess you have already known the answer.

The point is he has newer posts which detail the way forward with less qualification

[marcus_of_augustus]

Sideways until early Feb at the earliest ... lucifer is still on track.

[snowdropfore]

Sideways until early Feb at the earliest ... lucifer is still on track.

seems it is going to test the low 9222 again?    did the bull market continue or the bear market begin??

[STT]

Many people are saying Bitcoin can go down up to 8,000$ while others say it can go down as much as 5,000$ -6000$ which is really an exciting opportunity to see. Right now Bitcoin is hovering aroung 11,000$ and I am looking at it can go back to 13,000$ level before testing the 10,000$ level again or even below it. Looking at the charts it is still clear that the volume is lacking which is not confirming any signs of reversal.

Actually volume hasn't been that bad. The 3day volume is the second biggest daily bottom candle since $200.  

All it takes is for some people who have no interest in Bitcoin and are able to sell Bitcoin to bring the price down some.   [This is why I fear 'popularity' the empty hype of a crowd in a market]  Volume isnt greatly favouring the downside however just on the basis of previous volatility its very feasible to write in a far more negative Bitcoin price then present.  

Just because we spike down to a price it doesnt have to be taken as an absolute negative but all the same I think below 8000 is possible.   How long that price exists Im not sure.   I would be far more adventurous in outlining downside targets just on the general meta of a Richter graph, we swing up and down quite alot and we have seen great highs so its biased not to expect similar negative action.

Im going back to November pricing, 6523 as a previous Fib level relating to the big Fork in summer.  Fibonacci 423% rise I think that was from a point people had previously thought might be the top but was more a stop over months.    Above and part of the first leg above, is 7468 or 7500 generally, its a top and also confirmed bottom before we reached the much higher ATH

Thats reasonable targets, Im not bearish or bullish especially.   Finding that level and reestablishing it as a bottom would of course be bullish for more positive levels.    I think it has to hit a rock bottom level to get more interest.

The alternative scenario is time based not a price sell off.   If we settle over Chinese new year that also could be a good levelling and stability to work from.

People are referring to 3k directly as a negative scenario but we probably react to echos of that action since then, since there has been alot more news.    I also think we can have surprise to the upside with positive news also, if the mood is especially negative that becomes more probable.

[MrBigHang]

In order for the community to understand correctly, it is worthwhile to place thoughts on the current situation.

Volumes do not grow when falling. So while falling from ATN is considered a correction in the form of a bull flag or a pennant or something else.

Critical, I think the level of the beginning of the previous bottom, about 7700. Well, in general, closing in the negative zone of the weekly BB. While we close in the positive zone - everything is good from the bullish point of view.

Anyone know what he's saying?  What does weekly BB and ATN stand for? 

[Biodom]

I don't think that he has a clear picture in his mind yet, hence some hedging of responses.
I think that future depends on whether market expects LN to work or not.
Sometimes I think that the whole field became complex a bit too fast.

Sequoias require brush fires to reduce competition and grow to be giants, it's a fact.
If btc goes to 5K, the field would be much simplified, for better or worse, but i am not really calling for these numbers.
For me, 7.7K is enough "heat" already.

[marcus_of_augustus]

Sideways until early Feb at the earliest ... lucifer is still on track.

seems it is going to test the low 9222 again?    did the bull market continue or the bear market begin??

sideways is sideways ... zoom out some more.

[milkshock100]

For bitcoin to grow the alts must die

[snowdropfore]

Sideways until early Feb at the earliest ... lucifer is still on track.

seems it is going to test the low 9222 again?    did the bull market continue or the bear market begin??

sideways is sideways ... zoom out some more.

many says bitcoins wil go down to 8000.is that possible?? hope the $10k can hold .

[Millionero]

What does weekly BB and ATN stand for?  

BB is Bollinger Band.
ATN is actually ATH, if you look at the original Russian text.
H is the Cyrillic letter that corresponds to our N.  Vanga typed ATH (ATN) in Cyrillic because it looks like ATH in English.
The Cyrillic alphabet doesn't have a letter that corresponds to our H, which is unvoiced, anyway.
ATH = all time high

8000.is that possible?

ROFLMAO

[Toxic2040]

What does weekly BB and ATN stand for?  

BB is Bollinger Band.
ATN is actually ATH, if you look at the original Russian text.
H is the Cyrillic letter that corresponds to our N.  Vanga typed ATH (ATN) in Cyrillic because it looks like ATH in English.
The Cyrillic alphabet doesn't have a letter that corresponds to our H, which is unvoiced, anyway.
ATH = all time high

8000.is that possible?

ROFLMAO

Thank the God's...sanity has returned.

Spoon fed sheeple...

[Asefex]

In order for the community to understand correctly, it is worthwhile to place thoughts on the current situation.

Volumes do not grow when falling. So while falling from ATN is considered a correction in the form of a bull flag or a pennant or something else.

Critical, I think the level of the beginning of the previous bottom, about 7700. Well, in general, closing in the negative zone of the weekly BB. While we close in the positive zone - everything is good from the bullish point of view.

Anyone know what he's saying?  What does weekly BB and ATN stand for? 

BB = Bollinger Band  ;   ATN =  ATH on Russian Keyboard  ))) 

[neilol-real]

In order for the community to understand correctly, it is worthwhile to place thoughts on the current situation.

Volumes do not grow when falling. So while falling from ATN is considered a correction in the form of a bull flag or a pennant or something else.

Critical, I think the level of the beginning of the previous bottom, about 7700. Well, in general, closing in the negative zone of the weekly BB. While we close in the positive zone - everything is good from the bullish point of view.

Anyone know what he's saying?  What does weekly BB and ATN stand for? 

BB = Bollinger Band  ;   ATN =  ATH on Russian Keyboard  ))) 

Anyone translate the latest comment?

[Biodom]

In order for the community to understand correctly, it is worthwhile to place thoughts on the current situation.

Volumes do not grow when falling. So while falling from ATN is considered a correction in the form of a bull flag or a pennant or something else.

Critical, I think the level of the beginning of the previous bottom, about 7700. Well, in general, closing in the negative zone of the weekly BB. While we close in the positive zone - everything is good from the bullish point of view.

Anyone know what he's saying?  What does weekly BB and ATN stand for?  

BB = Bollinger Band  ;   ATN =  ATH on Russian Keyboard  )))  

Anyone translate the latest comment?

there was nothing substantial, just some banter.

[mymenace]

In order for the community to understand correctly, it is worthwhile to place thoughts on the current situation.

Volumes do not grow when falling. So while falling from ATN is considered a correction in the form of a bull flag or a pennant or something else.

Critical, I think the level of the beginning of the previous bottom, about 7700. Well, in general, closing in the negative zone of the weekly BB. While we close in the positive zone - everything is good from the bullish point of view.

Anyone know what he's saying?  What does weekly BB and ATN stand for?  

BB = Bollinger Band  ;   ATN =  ATH on Russian Keyboard  )))  

Anyone translate the latest comment?

there was nothing substantial, just some banter.

Volume is still High - opposite to a down trend

All time high looks like correction into a bullish pennant or flag - bullish

Nov 14-17, 2017 seems like support level. 7700 - the floor

Trading indicators "Bollinger Band" - bullish





Hopefully unleash the bull - about end of feb

[Biodom]

In order for the community to understand correctly, it is worthwhile to place thoughts on the current situation.

Volumes do not grow when falling. So while falling from ATN is considered a correction in the form of a bull flag or a pennant or something else.

Critical, I think the level of the beginning of the previous bottom, about 7700. Well, in general, closing in the negative zone of the weekly BB. While we close in the positive zone - everything is good from the bullish point of view.

Anyone know what he's saying?  What does weekly BB and ATN stand for?  

BB = Bollinger Band  ;   ATN =  ATH on Russian Keyboard  )))  

Anyone translate the latest comment?

there was nothing substantial, just some banter.

Volume is still High - opposite to a down trend

All time high looks like correction into a bullish pennant or flag - bullish

Nov 14-17, 2017 seems like support level. 7700 - the floor

Trading indicators "Bollinger Band" - bullish
Hopefully unleash the bull - about end of feb

OK, but that wasn't the latest comment that was requested.
The last was this:
Aлeкcaндp, cпacибo cынoк. He бoлит.

Translated by google: Alexander, thank you son. [It] Does not hurt.

If you try a really deep dive here (based purely on a conjecture), masterluc said before that his back hurts when btc is about to reverse the direction from bull to bear. Since it does not currently hurt.....you got it!?