Analysis

[figmentofmyass]

The latest:

"For my medium-term optimism, it is necessary that the price immediately rises above the daily ma 200 and weekly ma 20."


Для мoeгo cpeднecpoчнoгo oптимизмa нeoбxoдимo чтoбы цeнa нeмeдлeннo вoзвыcилacь нaд днeвнoй мa 200 и нeдeльнoй мa 20.

If I'm correct:
daily SMA 200 about 9.25K --> can do
Weekly SMA 20 about almost 12K --> seems not possible

i guess it depends on what he means by "immediately." to rebound off his middle pitchfork line (and prevent a fall to $3000), we needed an immediate reaction, but does that mean bulls need to retake those levels in a single candle? i don't think so. anytime a move happens that fast, it's usually a fakeout anyway.

we've just tagged the daily 200MA. now we need to get above it. as for the weekly, we still have another 4 days before the bar closes.

sometimes i wish he were less cryptic.

[1714114894]

1714114894

[1714114894]

1714114894

[keystroke]

New telegram channel from the master.

"We are still under the daily sma 200, and at the same time under the weekly sma 20. In previous bubbles for the medium-term it was very bad."

[shulio]

New telegram channel from the master.

"We are still under the daily sma 200, and at the same time under the weekly sma 20. In previous bubbles for the medium-term it was very bad."

Does the master has a telegram channel to post the updates? I have never heard of it. Would you please post the telegram channel link?

[keystroke]

New telegram channel from the master.

"We are still under the daily sma 200, and at the same time under the weekly sma 20. In previous bubbles for the medium-term it was very bad."

Does the master has a telegram channel to post the updates? I have never heard of it. Would you please post the telegram channel link?

https://t.me/bitcoin_wanga

[greensheep]

New telegram channel from the master.

"We are still under the daily sma 200, and at the same time under the weekly sma 20. In previous bubbles for the medium-term it was very bad."

Read the post too this morning, seems we"re having a rough time staying breaking above 9000.
It would confirm the low volume bounce from this weekend

[ewibit]

is masterluc no more active in this thread?

because last post is November 08, 2017, 11:26:14 PM here...
https://bitcointalk.org/index.php?topic=274613.msg24260813#msg24260813

[greensheep]

is masterluc no more active in this thread?

because last post is November 08, 2017, 11:26:14 PM here...
https://bitcointalk.org/index.php?topic=274613.msg24260813#msg24260813

No I think not, I think I read that his account got hacked some time ago

[machouno]

He created his Telegram channel two days ago only and posted it on his VK page.

It seems that there are more updates there now.

Last one:
Фoндoвый pынoк oпять пaдaeт, вepoятнo биткoин тoжe нe пoвeзёт

Google Translate: The stock market is falling again, probably bitcoin is also unlucky

[podyx]

What about just consolidation before moving further up? That would be my guess

[keystroke]

"I do not know what to write, the indicators are not very good. Wall Street on Friday fell heavily, but bitcoin while thoughtfully cuts sausage. In general, thoughtfully we trample on the spot with bad indicators and surroundings."

[Tzupy]

The market found support lower than I expected, but the bullish scenario is not dead yet. This support will probably be tested tomorrow,
and a bullish scenario needs the test to be followed by strong buys for the next 5 days, reaching 10 k$, then correct and form a triangle.

My god you are completely delusional, did you sell your account? Old tzupy was sharper than that.  We've been in a bear market since months now, there wont be any bullish scenario before price is boring again and we go through a desperation period so market makers can accumulate and we get rid of all the guys who came here to get rich quick.

Right now price is bleeding slowly to keep people in the market until they get desperate and capitulate under 6K.

ML scenario of 3K seems the most appropriate to that effect.

It's possible we go towards 9200 or 10250 in the meantime but it'll just be an opportunity to short and break the 6K bottom with more ease.

No, I didn't sell my account, am just trying to keep an open mind.

The market was weak and didn't reach the 10 k$ I was hoping for (and more importantly, push the 6h, 12h and 24h MACD higher), and now the correction is worsening the indicators.
I compared the current movements (from 6th February) with those of September 15th - 25th 2017, and if the bullish scenario will still win, the market moves about 6x slower
and should start pumping strongly 5 - 6 days from now (but given the current weakness, the pump could fail). If this fails, then the bearish scenario becomes quite probable.

[Bitcoinaire]

How do you see the bearish scenario unfolding,length of bear and potential low?

[prophetx]

price went way higher then it should have - as always...

imho there are 2 scenarios:

1) slow grinding death spiral for at least 12-18 months, capitulation will be in the 1-2k range... then many years to get back to 10k...

2) the same as #1 but the global financial system experiences a system shock, liquidity dries to near nothing momentarily then crypto rockets

[MNDan]

price went way higher then it should have - as always...

imho there are 2 scenarios:

1) slow grinding death spiral for at least 12-18 months, capitulation will be in the 1-2k range... then many years to get back to 10k...

2) the same as #1 but the global financial system experiences a system shock, liquidity dries to near nothing momentarily then crypto rockets

Have you ever been right before? Not being a dick - I just can't find any posts where one of your scenarios played out as predicted...

[Wekkel]

There are many more scenario's, but in bear times most though of scenario's are .... surprisingly .... bearish.

I tend to have a more positive outlook and think that, although price can remain in this zone for a long time, the bullishness is still too strong to warrant a brutal and long bear market towards $2k. In an absolute helicopter view, I consider this a long term 'correction' period as a pause until new ATHs.

[mymenace]

its just so neat, coooool.

[drays]

I agree. Things happen much slower now. We went on a bull run in slow motion and now we are correcting in slow motion. We could still be doing a correction that April '13 did in a matters of days - now its taking months.

Those of us that have been around a long time - I think most will agree the sentiment at the top of this bull run was more bullish than April
13 but less bullish than Nov. 13. I figure this correction will split the difference between the two.

i also have the feeling that the chart movements are slowing down so much, that it is hard to grasp it. funny though that there are people who think movements are speeding up.

Sorry for replying to old post, I am wondering who those people are? I also have such feeling, and would like to read some of their analysis.

[Gab0]

I agree. Things happen much slower now. We went on a bull run in slow motion and now we are correcting in slow motion. We could still be doing a correction that April '13 did in a matters of days - now its taking months.

Those of us that have been around a long time - I think most will agree the sentiment at the top of this bull run was more bullish than April
13 but less bullish than Nov. 13. I figure this correction will split the difference between the two.

i also have the feeling that the chart movements are slowing down so much, that it is hard to grasp it. funny though that there are people who think movements are speeding up.

Sorry for replying to old post, I am wondering who those people are? I also have such feeling, and would like to read some of their analysis.

Here is someone:



https://twitter.com/CryptoHornHairs/status/972192134915747840

[drays]

Thanks a lot Gab0!

This lines up with my view, though according to my observations, it actually goes even faster than the analysis above shows. We seem to be in around mid-August 2014 state imho.

Though of course, those charts are only mind games... for me, at least - just a way to entertain oneself during the bear market, as I am not willing to play in it, and don't want to short Bitcoin even if a decline is expected. Not sure how to explain that... to me shorting Bitcoin is unacceptable and is something akin to betrayal. I don't want to play against what I like and what I want to succeed, even if that could be profitable.
Yes, that may be stupid, but that way I feel better . So the only thing remaining during that market - is to entertain oneself with graphs... Or better - keep oneself busy with unrelated interesting work and forget about crypto for some time.

[machouno]

Кaк я пиcaл, цeнa мoжeт oтcкoчить oт ypoвня ~6000, нapиcoвaв двoйнoe днo. Этo былo бы пacxaльным чyдoм. Texничecки жe цeнa нaxoдитcя в пpoгpeccиpyющeй мeдвeжьeй зoнe, нижe вaжнeйшиx кpивыx, пoтeнциaл пaдeния (тeopeтичecки дo $3000) coвceм eщe нe иcчepпaн. Cитyaция нa Уoлл cтpит тoжe пoкa нe paдyeт.


B дoлгocpoчнoй пepcпeктивe пoкyпaть нa тeкyщиx ypoвняx oчeнь выгoднo я cчитaю.


Кaк-тo тaк.

Google Translate:
As I wrote, the price can rebound from the level of ~ 6000, drawing a double bottom. It would be a Paschal miracle. Technically, however, the price is in the progressing bearish zone, below the most important curves, the fall potential (theoretically up to $ 3000) has not yet been exhausted. The situation on Wall Street is also not encouraging.


In the long run, buying at current levels is very profitable, I believe.


Something like this.