Analysis

[fright]

so he thinks we going down to 3k and that is an entry point to start bull run?

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[exstasie]

so he thinks we going down to 3k and that is an entry point to start bull run?

He's saying $3,000 (or the 200-week MA) is the nearest support. I'd expect a rebound there and it might be the bottom.

His comment was pretty open-ended regarding price targets. He left open the possibility of lower, noting that touching the $1,200 level = the long term bull trend is dead. I think he's saying the correction will last through 2019, which makes sense based on the 2014-2015 model.

[STT]

Technical analysis of charts is not possible to always be right, its about outlining scenarios and probability to those paths.     A large part of that is external factors, if we were talking about the BTC price in Venezuela dollars and the chart goes up would it really be anymore correct to be bullish.  So dollars rose most of 2018 but had fallen for most of 2017, thats a large part of the factor to the price and maybe outlook for people in Asia in their perception of BTC in comparison I think.

Since theres no doubt dollar is going to peak out somewhere in this area and they cant raise interest rates due to excessive amounts of debts including still wound QE.   Thats an issue in YEN EURO similarly so I imagine BTC chart will turn up at some point but its still not certain how much is inflation of the currency its being quoted in but theres definitely rocket potential still left in BTC charts imo

[fright]

he doesn't specifically say that correction will last through 2019, but just that it's gonna take longer than he expected(he expected one year)

[JAKE231]

^Thanks

[tema]

May be this will be next stablecoin    Oh, Bitcoin Bitcoin...

[drays]

Guys, hello. while cryptocurrencies are "unwell" you can simply get free "coins" by only simple registering on the site. Try, you risk nothing! ) if the project succeeds, a few thousand dollars will not be superfluous.

   Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of credit cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it's ready they are allocating Qs for free to people that sign up now (the amount drops as more people join - so better to join early). Signing up is free and they only ask for your name and an email address. There's nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot.

Here is my invite link: https://initiativeq.com/invite/BBnSQu_aX

 This link will stop working once I’m out of invites. Let me know after you registered, because I need to verify you on my end.

Do you really feel this is the right place to advertise this 100% premined centralized scam? They are the worst enemy of cryptocurrencies and of all the people who want to get some financial freedom and independence. InitiativeQ is the same banking scam, created to lure people by free money, just to control them later. "You risk nothing, but you may get free money" - that's the first thing to say to lure people into the trap. Old story.
Does everyone remember where the free cheese is typically located?

[Tzupy]

There are bearish divergences in the 2h - 24h charts, so this correction is not going to end very soon.
But I am expecting a local bottom around 3,900$ during the next hours, followed by a nice (hopefully) bounce.

[figmentofmyass]

masterluc/PentarhUdi published a chart yesterday, clarifying his earlier post:
https://www.tradingview.com/chart/BTCUSD/4JxEfg1a-Will-we-ultimately-see-a-textbook-flat-correction-since-ATH/

There are bearish divergences in the 2h - 24h charts, so this correction is not going to end very soon.
But I am expecting a local bottom around 3,900$ during the next hours, followed by a nice (hopefully) bounce.

there's gonna be a lot of sellers waiting, that's for sure. i could see a bounce to the .618 area---right at that $5500-5600 consolidation area. but like you (and masterluc), i expect the bear market to drag on or a while.

[gentlemand]

Would be nice to get new Enky comment.

And here we are - https://twitter.com/Bitcoin_Trading/status/1066027392966320128?s=09

He thinks support will either be in the $2800-3000 area or $2200. The current levels aren't cutting it. March 2019 is his target for the low.

[bitserve]

FRESH FROM WANGA/MASTERLUC Telegram:

Google translation:

I would like to remind you that the following levels will definitely be returned:
1) broken support triangle ($ 6000)
2) weekly ma 20
3) daytime ma 200

Week ma 200 (about $ 3000) I think this is Stalingrad. It can not be pierced in the medium term.

So I think it's about time to buy. If you have money))

Original message:

Xoтeлocь бы нaпoмнить, чтo бyдyт oбязaтeльнo вoзвpaщaтьcя cлeдyющиe ypoвни:
1) пpopвaннaя пoддepжкa тpeyгoльникa ($6000)
2) нeдeльнaя мa 20
3) днeвнaя мa 200

Heдeльнaя мa 200 (oкoлo $3000) я cчитaю этo Cтaлингpaд. Oнa нe мoжeт быть пpoбитa в cpeднecpoчнoй пepcпeктивe.

Taк чтo я cчитaю, близитcя вpeмя пoкyпaть. Ecли ecть дeньги ))

[birr]

what does he mean "returned"?

[bitserve]

what does he mean "returned"?

I don't know, it is a google translation.... But I guess he mean the price "will definitely" return to that level?

He ends saying that its about time to buy.

Maybe someone that understand Russian could give as a better translation.

[drays]

what does he mean "returned"?

I don't know, it is a google translation.... But I guess he mean the price "will definitely" return to that level?

He ends saying that its about time to buy.

Maybe someone that understand Russian could give as a better translation.

Frankly speaking, even perfect knowledge of Russian doesn't really help to understand those sentences much. They sound as unclear in Russian, as in Google translate (I mean this time only, as usually google mangles his sentences badly).
My only guess is he means those levels will be returning as resistance, but thats my guess, he just told they will be returning.

Here is a bit corrected translation anyway, just for your reference:

I would like to remind you that the following levels will definitely be returning:
1) broken support of the triangle ($ 6000)
2) weekly ma20
3) daily ma200

Weekly ma200 (about $3000) - I think this is the Stalingrad. It can not be broken in the medium term.

So I think the time to buy is coming. If you have money))

"Stalingrad" in this context means - the last line of defence, which should not be broken and will be defended madly with all the resources - its the place of "The Battle"...

His last few posts are more or less consistent with each other, but taking into account that his last two predictions failed miserably (first - "no more sub 10K bitcoin", second - "6-7K is the long term accumulation zone") I would be cautious with this one too. He is a good trader, but he is a human, and he is not the one who manipulates this market, so... he just makes a guess, like any of us.

[davidorentol]

It means
"the price will surely return to the following levels:
1) broken support of the triangle ($ 6000)
2) weekly ma20
3) daily ma200
"
These levels will be re-tested at some point...said MasterLuc..the Greatest 

[fright]

It means
"the price will surely return to the following levels:
1) broken support of the triangle ($ 6000)
2) weekly ma20
3) daily ma200
"
These levels will be re-tested at some point...said MasterLuc..the Greatest 

do you understand these 1-2-3 as steps?

[podyx]

Does luc think bear market will continue after bounce?

[figmentofmyass]

Does luc think bear market will continue after bounce?

he left things somewhat ambiguous. his tradingview chart says:

Weekly SMA200 should be a perfect bullish entry point as candidate #1 of "THE BOTTOM".

it sounds like he expects the $3000 zone to be the bottom. then he expects a bounce to the daily 200ma and broken triangle support. then we'll see if the bottom is truly in. maybe we'll see a retest of the weekly 200ma like in 2015, or maybe we'll see a higher low as confirmation.

[emifox]

Двoйнoe нa cтoкax.

Double on drains.


Двoйнoe днo*. Moжeт быть кaтaлизaтopoм paзвopoтa биткa.

Double bottom*. It can be a catalyst for the turn of the cue ball.



Better translation?

[figmentofmyass]

Двoйнoe нa cтoкax.

Double on drains.


Двoйнoe днo*. Moжeт быть кaтaлизaтopoм paзвopoтa биткa.

Double bottom*. It can be a catalyst for the turn of the cue ball.


Better translation?

i think the first part is a reference to the stock market. the daily chart shows an adam & even double bottom on the S&P 500---a possible turning point. masterluc has always seen a connection between stocks and bitcoin.

similarly, there's an adam & eve double bottom on the 4-hour chart off the $3500 level in bitcoin. maybe it's enough. i'm doubtful, but also pretty cautious with shorting at this point.

to me, the $3000s feel like the $200s felt in 2015.