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Bagatell
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October 12, 2014, 03:03:06 PM |
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breakout ??
(I watched Bitstamp and Huobi, this time Bitstamp followed Huobi)
Yep. All four default Wisdom 1 hr. charts. |
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Every time a block is mined, a certain amount of BTC (called the
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subsidy halves every four years and will reach 0 in about 130 years.
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marvinrouge
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October 12, 2014, 04:04:17 PM
Last edit: October 12, 2014, 04:30:55 PM by marvinrouge |
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Bearish alternative (I hope not) :  |
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Bagatell
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October 12, 2014, 04:10:40 PM |
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That last blue line is simply hanging off one candle. Shouldn't trend lines have at least two points of contact?
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marvinrouge
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October 12, 2014, 04:34:14 PM |
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That last blue line is simply hanging off one candle. Shouldn't trend lines have at least two points of contact?
I updated the chart, is it more accurate ? Anyway it's just an alternative, I prefer the bullish version posted above  The bearish chart will be invalidated if we cross 370 |
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Okurkabinladin
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October 12, 2014, 08:54:08 PM |
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That last blue line is simply hanging off one candle. Shouldn't trend lines have at least two points of contact?
I updated the chart, is it more accurate ? Anyway it's just an alternative, I prefer the bullish version posted above The bearish chart will be invalidated if we cross 370 Wrong. There is no volume. |
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oda.krell
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October 13, 2014, 12:14:50 AM |
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Close above daily sma20: check (barely so, but check)  Weekly green candle, high volume close above lower BB, and above 30 RSI: check.  ~3 month downtrend, upper line: still unbroken  Bitcoin has a way to keep things interesting. |
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Barney
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RevolverCoin dev
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October 13, 2014, 09:06:28 AM |
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~3 month downtrend, upper line: still unbroken
Bitcoin has a way to keep things interesting.
To keep it even more interesting it was broken on Huobi |
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kb24mvp
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October 13, 2014, 02:37:47 PM |
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Luc, awesome prediction on the rebound to 390... now that we're hovering around that level and you mentioned new lows on the horizon are you expecting this to get rejected and continue the bear market til December previously mentioned?
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masterluc (OP)
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October 13, 2014, 08:02:41 PM |
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Potential inverse bullish H&S here with target at around 500.  From other side there is a hard resistance at around daily upper BB @430 (and falling). Falling upper BB during rising price always strong resistance and good point to close long or open short position. (as well as opposite - rising BB bottom during falling price - good support).  Almost always bounces back to sma20  |
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masterluc (OP)
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October 13, 2014, 08:09:47 PM |
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So the most optimistic bullish move should look like this: - up to ~430 - back to sma20 - up to sma200 And if so, it would be an impulse and so probably reversal. So 400 level breakout is important now.  |
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realdos
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October 13, 2014, 10:22:15 PM |
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So the most optimistic bullish move should look like this: - up to ~430 - back to sma20 - up to sma200 And if so, it would be an impulse and so probably reversal. So 400 level breakout is important now. 400 already broken out. Now 430 the next target? |
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masterluc (OP)
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October 13, 2014, 10:57:53 PM |
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Volume suggests h&s triggering, which should send price back to daily 200 sma forming even larger inverse h&s
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hdbuck
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October 13, 2014, 11:18:30 PM |
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Volume suggests h&s triggering, which should send price back to daily 200 sma forming even larger inverse h&s
 bullish? |
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masterluc (OP)
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October 14, 2014, 12:39:46 AM |
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Yes, this is bullish reversal formation despite I expected more downside.
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isov
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October 14, 2014, 01:13:02 AM |
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But the reversal is not yet confirmed? At what point would you say it is?
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masterluc (OP)
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October 14, 2014, 01:33:36 AM |
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Say what? Weekly and daily ADX show reversal. "V" formation on charts is a reversal struct. Price closed back inside weekly bb and in positive daily BB zone.
We may expect some bounce (1-2 months) into 500-600 area. But I am skeptic about further bullish move. Wake me up at 500, I'll post next analysis.
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windjc
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October 14, 2014, 01:42:15 AM |
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Say what? Weekly and daily ADX show reversal. "V" formation on charts is a reversal struct. Price closed back inside weekly bb and in positive daily BB zone.
We may expect some bounce (1-2 months) into 500-600 area. But I am skeptic about further bullish move. Wake me up at 500, I'll post next analysis.
Nah. I think we are in the C of an A,B,C correction. We will hit the upper BB around 420, maybe go past it and then we are in bear mode again. Head and shoulder patterns rarely happen in bitcoin. |
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masterluc (OP)
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October 14, 2014, 01:49:06 AM |
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Nah. I think we are in the C of an A,B,C correction. We will hit the upper BB around 420, maybe go past it and then we are in bear mode again. Head and shoulder patterns rarely happen in bitcoin.
Impulse here. We are in A or I since 275  |
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Rampion
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October 14, 2014, 07:53:15 AM |
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430 target reached.
And up we go...
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windjc
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October 14, 2014, 08:15:41 AM |
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430 target reached.
And up we go...
430? Are you from the future? |
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