NamelessOne
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Activity: 840
Merit: 1000
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November 20, 2013, 03:15:52 PM |
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noob question but couldn't the wedge be redrawn like so:  making this not a breakout? Yes, that is what I did also. |
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kehtolo
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November 20, 2013, 04:51:15 PM |
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Looks a bit like a breakout to me?
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The next 24 hours are critical!
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NamelessOne
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Activity: 840
Merit: 1000
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November 20, 2013, 04:57:11 PM |
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Looks a bit like a breakout to me?
Yes, at least over the channel and wedge upper lines. But what comes next? Hmmmmmm.... |
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masterluc (OP)
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Activity: 938
Merit: 1013
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November 20, 2013, 04:58:46 PM |
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I bet on this one. Triangles always follow the sharp moves.  |
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oda.krell
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Activity: 1470
Merit: 1007
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November 20, 2013, 05:38:05 PM |
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Since your analysis is usually based on mtgox data (correct me if I'm wrong), I'd like to add one thing: the markets are reactive to each other, and right now, everyone else is almost certainly looking at where China is going. But there is also the notable fact that Bitstamp resisted the craze of the past days much more than gox and btcchina, for example the gox ATH log line applied to bitstamp's reduced price proved to be a point of resistance. My point is, stamp was reluctant to join the run-up, corrected back earlier, and now, interestingly, is back up on its feet earlier than the others (green daily candle today, while gox and china still had some correcting to do I guess  ). I take that as a pretty bullish sign, if the "bear" exchange is going up again. |
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masterluc (OP)
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Activity: 938
Merit: 1013
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November 20, 2013, 05:42:07 PM |
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I get same picture everywhere. However Gox shows more clear EW picture. And bitstamp breaks its feed second time in a week.
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SkRRJyTC
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Activity: 1008
Merit: 1000
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November 20, 2013, 05:43:27 PM |
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I bet on this one. Triangles always follow the sharp moves.
BTC loves triangles. |
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masterluc (OP)
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Activity: 938
Merit: 1013
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November 20, 2013, 05:47:06 PM |
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I bet on this one. Triangles always follow the sharp moves.
BTC loves triangles. BTC loves sharp moves. |
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SkRRJyTC
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Activity: 1008
Merit: 1000
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November 20, 2013, 05:48:57 PM |
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I bet on this one. Triangles always follow the sharp moves.
BTC loves triangles. BTC loves sharp moves. Me too! |
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oda.krell
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Activity: 1470
Merit: 1007
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November 20, 2013, 05:52:40 PM |
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I get same picture everywhere. However Gox shows more clear EW picture. And bitstamp breaks its feed second time in a week.
Bitstamp is really starting to disappoint, in my opinion. Bitfinex not much better either IMO. Mtgox not worth mentioning. Where to go, where to go... |
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Pruden
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November 20, 2013, 06:40:18 PM |
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I concur with the triangle hypothesis, but the swings tend to be much slower as it completes, so I think it will still be alive come December.
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Rampion
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Activity: 1148
Merit: 1018
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November 20, 2013, 08:23:12 PM |
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I get same picture everywhere. However Gox shows more clear EW picture. And bitstamp breaks its feed second time in a week.
Bitstamp is really starting to disappoint, in my opinion. Bitfinex not much better either IMO. Mtgox not worth mentioning. Where to go, where to go... OTC my friend. Unfortunately no exchange is reliable. |
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lebing
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Activity: 1288
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Enabling the maximal migration
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November 20, 2013, 11:02:03 PM |
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I bet on this one. Triangles always follow the sharp moves. Looks good to me as well |
Bro, do you even blockchain?
-E Voorhees
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maxll
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Activity: 1011
Merit: 1006
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November 21, 2013, 04:03:59 AM |
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Now this looks like a flag for me. No?
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antoineph
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November 21, 2013, 04:10:20 AM |
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I bet on this one. Triangles always follow the sharp moves. Looks good to me as well uh, according to that graph it should be around 800 now. |
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notme
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Activity: 1904
Merit: 1002
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November 21, 2013, 04:14:19 AM |
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I bet on this one. Triangles always follow the sharp moves. Looks good to me as well uh, according to that graph it should be around 800 now. He's indicating structure, not price/time intercepts. |
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Rampion
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Activity: 1148
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November 21, 2013, 01:51:42 PM
Last edit: November 21, 2013, 02:26:29 PM by Rampion |
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And he has pretty much nailed the structure so far. Kudos to Lucif... Its incredible how he turned from perma-bear to reasonable and mostly spot-on analyst  |
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Davyd05
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November 21, 2013, 02:25:26 PM |
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if you were to avg in the price china is paying i think its pretty bang on so far.
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Proud Hodler, neither bull nor bear.
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seleme
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Activity: 2772
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Duelbits.com
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November 21, 2013, 02:55:41 PM |
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And he has pretty much nailed the structure so far. Kudos to Lucif... Its incredible how he turned from perma-bear to reasonable and mostly spot-on analyst He was perma bear when it was a bear market, and was spot on back then too. It's not his problem some of you didn't want to hear it's bears time at that point. |
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Miz4r
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Activity: 1246
Merit: 1000
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November 21, 2013, 03:03:08 PM |
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And he has pretty much nailed the structure so far. Kudos to Lucif... Its incredible how he turned from perma-bear to reasonable and mostly spot-on analyst He was perma bear when it was a bear market, and was spot on back then too. It's not his problem some of you didn't want to hear it's bears time at that point. He wasn't spot on. He was way too bearish and predicted a bottom of $20-30 after the April crash. I do like his analysis but let's not make him out to be perfect. |
Bitcoin = Gold on steroids
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