lebing
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Enabling the maximal migration
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December 06, 2013, 06:00:27 PM |
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Now here is the whole history since Bitcoin' inception.
Forgive my ignorance, but where is wave v in that graph? I absolutely differ to masterluc and have been a fan of his analysis for a while, but could not the 266 bubble have been said wave v making this top be the historic 3 of 5 and we are just entering wave 4? Thats what I was thinking too. Another big wave up left. Please forgive my ignorance, but why does it have do go so much down? This chart implies sub $10 prices. I doubt this will happen. You are forgiven  With TA you can draw nearly anything you want. Whether it is actually correct or relavent to past performance is another thing entirely. |
Bro, do you even blockchain?
-E Voorhees
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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seleme
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Duelbits.com
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December 06, 2013, 06:16:23 PM |
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Exactly, utter bullshit. Predicting corrections, crashes etc.. is all OK if you have arguments for it but to claim such a huge thing on the top of Bitcoin's awareness is pathetic, lol.
It seems you have no idea of EWT. EWT does not analyse corrections and crashes only. It is an analysis of short and long waves and thus used as a basic for predictions, based on personal interpretations of the waves and the probabilities, which depends on how a waver is counting the waves. Another argument to call it bullshit. As two weeks ago he was calling this wave 3 of EWT. He just thinks this is the top of current rally/bubble and want people to follow him counting on some of his earlier good calls so he could reload cheaper  He, of course might be right about the bubble, there is lot of people thinking the same and he made enough good calls so far, but only idiot could call this end of 3 years bullish trend, lol and say I'm out until 2016. If someone said that in April there might be lot of people who would buy it but now, when things around Bitcoin are happening as a storm, it's laughable. |
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masterluc (OP)
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December 06, 2013, 07:06:06 PM |
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Ozymandias
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December 06, 2013, 07:08:49 PM |
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Awesome, let the bear market begin! |
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masterluc (OP)
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December 06, 2013, 07:09:52 PM |
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I hided this gif for this special moment.
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myself
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chaos is fun...…damental :)
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December 06, 2013, 08:04:28 PM |
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I hided this gif for this special moment.
wat is this a LOL gif  ? xD bear vs space cow/bull https://www.youtube.com/watch?v=Tp_ceYcJyoI |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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ft73
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December 06, 2013, 08:06:57 PM |
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I hided this gif for this special moment.
Again, good call lucif. Good i shorted from 1010$. I bet we'll see 700$ (bitstamp). It would be a good position to catch a rebound. |
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NamelessOne
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December 06, 2013, 08:07:45 PM |
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I hided this gif for this special moment.
LOL, I'd be okay with some bear market action, I wanted it to go higher but the thoughts of 50-75% cheaper coins we got in previous post bubble bear markets is awesome. |
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masterluc (OP)
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December 06, 2013, 08:26:35 PM |
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I bet we'll see 700$ (bitstamp).
400 |
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ft73
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December 06, 2013, 08:34:35 PM |
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I bet we'll see 700$ (bitstamp).
400 I feel the same, SMA100 is not far from there, but i think it will rebound from about 700$. EDIT: i meant EMA100, however SMA100 it's close by. Should be a strong support area. If it's going to break,then SMA200 won't |
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Rampion
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December 06, 2013, 08:46:33 PM |
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I bet we'll see 700$ (bitstamp).
400 I certainly placed most of my bids there. It's a sweet spot. But I LOL at your multi year bear market prediction. No more than 3 months of bear market if the fundamentals don't change; if the winkleevis ETF gets approved we are going to the moon (and then probably to single digits fueled by insane amounts of leveraged shorting, that would be an epic final bubble and subsequent crash in smoke and flames  ) |
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Zarathustra
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December 06, 2013, 10:07:51 PM |
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Exactly, utter bullshit. Predicting corrections, crashes etc.. is all OK if you have arguments for it but to claim such a huge thing on the top of Bitcoin's awareness is pathetic, lol.
It seems you have no idea of EWT. EWT does not analyse corrections and crashes only. It is an analysis of short and long waves and thus used as a basic for predictions, based on personal interpretations of the waves and the probabilities, which depends on how a waver is counting the waves. Another argument to call it bullshit. As two weeks ago he was calling this wave 3 of EWT. He just thinks this is the top of current rally/bubble and want people to follow him counting on some of his earlier good calls so he could reload cheaper He, of course might be right about the bubble, there is lot of people thinking the same and he made enough good calls so far, but only idiot could call this end of 3 years bullish trend, lol and say I'm out until 2016. If someone said that in April there might be lot of people who would buy it but now, when things around Bitcoin are happening as a storm, it's laughable. As I said already: You don't have any arguments to call it bullshit. With your 'arguments' you are showing that you know nothing about EWT. EWT is not a tool to predict the waves on news and fundamentals. |
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RyNinDaCleM
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Legen -wait for it- dary
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December 06, 2013, 10:59:56 PM |
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Now here is the whole history since Bitcoin' inception.  Forgive my ignorance, but where is wave v in that graph? I absolutely differ to masterluc and have been a fan of his analysis for a while, but could not the 266 bubble have been said wave v making this top be the historic 3 of 5 and we are just entering wave 4?
Thats what I was thinking too. Another big wave up left.
The 3 IS the v! (Note:5 up, 3 down) the same as the 5 is a "I", and that C would be the "II" in that pic.
Please forgive my ignorance, but why does it have do go so much down? This chart implies sub $10 prices. I doubt this will happen.
I make no implications! This chart was simply a visual aid for what I was explaining and is not my personal prediction. I have no problem showing the state of the market, but I keep outlooks to myself  |
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Miz4r
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December 06, 2013, 11:02:31 PM |
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You have to give it to Luc, he called the top almost perfectly again. Although he got some help from China, without their central bank's interference I think the bull market had some more fuel left. Oh well, it's been a while since we had a decent bear market, let's see how wild this one is. My bet is on $370 in January, and $700 within the next couple of days. Not going to trade this though, I can't handle the stress of missing my precious coins. I will send in some fresh fiat to try and catch the bottom again. |
Bitcoin = Gold on steroids
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Lady_Luck
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December 07, 2013, 02:44:22 AM |
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I found this chart and it's pretty similar to the one being painted here. https://i.imgur.com/YiMzdkY.pngBut as much as I can like the the fact that the pattern isn't misshape i don't like their proportion in time and space. I don't know if you saw that triple top in the S&P 500, may be I'm not the only one to see time more relevant than price targets, so what about this : https://i.imgur.com/fYFAeE9.pngIt would allow a bear market with a more realistic (understand higher than... a dollar or ten) lower target, and would place the end of the actual bull market later than now. Staring with a significant low li'd see more {2} as a WXY, it make more sense to me on the scale of time. The rule of wave 3 being the longest wouldn't be broken, and the time between every waves 1 to 3 (and every sub-waves included ) would equal the time between every waves and sub-waves 4 to 5. Also it would match with the sentiment of people (when reaching past top/low) and with the fact that $32 wasn't breach in April. In my opinion only more people cashing out at higher prices to be a millionaire would justify the wiping-out of most of bitcoin history. |
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RyNinDaCleM
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Legen -wait for it- dary
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December 07, 2013, 02:57:36 AM |
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The problem with this count is the WXY in 2011. Y must go below W unless it's a triangle. So the $7.22 high was indeed a 1 of some degree while the $1.994 low was the wave-II. The more recent highs can count to be a series of 1-2's which would still make this wave-III |
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myself
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chaos is fun...…damental :)
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December 07, 2013, 03:28:13 AM |
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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JustAnotherSheep
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December 07, 2013, 08:31:54 AM |
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I bet we'll see 700$ (bitstamp).
400 $300-400 was my original low count as well, back when I thought wave 5 would end at 1200, as bottoms have consistently been 3-4x lower than bubble tops. However, seeing as wave 5 ended kind of prematurely now (we could've gone much higher if it wasn't for the Chinese news imo) and without as much momentum during the pop, do you think there's a chance of a higher bottom at around $500? Going by "the higher you fly, the harder you'll fall" gut instinct heh. I want to know where to catch the knife  |
Is it a bull? Is it a bear? No, it's just another sheep.
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odin.dillinger
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December 07, 2013, 10:53:05 AM |
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thank you for the wonderful information you give in this thread, masterluc!
+1 |
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Rampion
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December 07, 2013, 11:06:07 AM |
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You have to give it to Luc, he called the top almost perfectly again. Although he got some help from China, without their central bank's interference I think the bull market had some more fuel left. Oh well, it's been a while since we had a decent bear market, let's see how wild this one is. My bet is on $370 in January, and $700 within the next couple of days. Not going to trade this though, I can't handle the stress of missing my precious coins. I will send in some fresh fiat to try and catch the bottom again. Help or not help from China, he sold after he spotted the double top - and sold once again at the very top of a bubble. He doesn't have to write "I made a lot of profit trading this or that, we the pros are making money, etc.." as others do. He just writes "I'm buying" and "I'm selling" and everybody can see by themselves that he is actually making very good choices and thus making money. |
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