RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
|
|
November 17, 2013, 01:53:40 AM |
|
Because it wasn't a wedge An ending diagonal won't have the top of 3 as one of the waves nor the upper resistance. It will also have 4th/1st overlap 9 times out of 10, perhaps more. So I didn't see this as even hinting to a wedge
|
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
November 17, 2013, 11:16:00 PM |
|
Well, some time passed, market have some readable picture now. Time to analyze. I have three top counts so far. [1][2][3][4][5] - bubble waves off 109 low [[1]] [[2]] [[3]] [[4]] [[5]] - extension of waves above green 12345 - subcounts [5] - denotes the end of bubble. Count #1. Most preferable with top somewhere in the moon
|
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
November 17, 2013, 11:18:10 PM |
|
Count #2 with top around $1000
|
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
November 17, 2013, 11:20:56 PM |
|
The most modest count #3 with top at around $700
|
|
|
|
samurai1200
|
|
November 18, 2013, 03:07:37 AM |
|
Thanks for the charts Luc! The second and third ones look the most reasonable to me. I think the (psychological?) resistance on the way to usd$1000 is going to be exponentially increasing. We'll get there eventually, just not in the next couple months.
|
|
|
|
vphen
Member
Offline
Activity: 76
Merit: 10
|
|
November 18, 2013, 04:41:28 AM |
|
Everyone probably need to know where price will go after red 5... But I dont wanna scary you before time will come =) Now I'm interesting of how low the crashing will scary us.
|
|
|
|
Crazy
|
|
November 18, 2013, 05:25:04 AM |
|
I always loved Lucif's TA thread, but hearing Masterluc phrase his Jedi wisdom in Yoda's voice makes this the best thread on this site.
What ever happened to Lucif? Also, does anyone know of popular BTC related forums for the China market?
|
Elon Krusky
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
November 18, 2013, 05:26:10 AM |
|
I always loved Lucif's TA thread, but hearing Masterluc phrase his Jedi wisdom in Yoda's voice makes this the best thread on this site.
What ever happened to Lucif? Also, does anyone know of popular BTC related forums for the China market? masterluc is lucif
|
|
|
|
Crazy
|
|
November 18, 2013, 05:27:06 AM |
|
masterluc is lucif Well there ya go Good to know Got any clue about that forum question?
|
Elon Krusky
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
November 18, 2013, 06:37:36 AM |
|
Its a at least local RIP imo. Historical log upper line touched (connecting $32 and $266 highs)
|
|
|
|
samurai1200
|
|
November 18, 2013, 07:31:37 AM |
|
Historical log upper line touched (connecting $32 and $266 highs)
Based on a linear connection Unfortunately need a third point to determine R^2 for exponential. [edit] hmm, didnt initially see that second picture.
|
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
November 18, 2013, 07:32:49 AM |
|
3rd point is out of screen on the left. Jun 2011 high
|
|
|
|
samurai1200
|
|
November 19, 2013, 12:55:37 AM |
|
Masterluc, i need help! Every fiber of my body is saying "sell sell sell!" But I also thought that way @ $550. Reassure me with a chart with lines on it. I will be forever grateful.
|
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
November 19, 2013, 07:41:41 AM |
|
I dunno. I don't even see [3] of historical 5 here so far (in my count #1). Counts #2 and especially #3 looks less and less legitimate.
|
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
November 19, 2013, 01:48:14 PM |
|
While no overlap of critical red line, rally may continue ) But there will be consolidation for a week or two.
|
|
|
|
thefiniteidea
|
|
November 19, 2013, 02:32:44 PM Last edit: February 26, 2018, 09:43:46 PM by thefiniteidea |
|
|
|
|
|
samurai1200
|
|
November 20, 2013, 06:55:57 AM |
|
Damn, i missed that early $500 touch data point. We touched $500 tonight on gox. The interesting part is that while gox went below $500 for a few minutes, bitstamp held at $500.
|
|
|
|
masterluc (OP)
Legendary
Offline
Activity: 938
Merit: 1013
|
|
November 20, 2013, 09:08:27 AM |
|
Bullish wedge/pennant
|
|
|
|
Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
|
|
November 20, 2013, 10:11:15 AM |
|
That's quite a scary looking wedge there.
|
Bitcoin = Gold on steroids
|
|
|
Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
|
|
November 20, 2013, 10:17:50 AM |
|
I know it's a bullish pattern, but either way it still looks quite scary! Just look at it!
|
Bitcoin = Gold on steroids
|
|
|
|