Bitcoin Forum
July 17, 2019, 07:46:44 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 ... 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 [103] 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 ... 317 »
  Print  
Author Topic: Analysis  (Read 919117 times)
masterluc
Legendary
*
Offline Offline

Activity: 938
Merit: 1000



View Profile
October 13, 2014, 10:57:53 PM
 #2041

Volume suggests h&s triggering, which should send price back to daily 200 sma forming even larger inverse h&s

1563392804
Hero Member
*
Offline Offline

Posts: 1563392804

View Profile Personal Message (Offline)

Ignore
1563392804
Reply with quote  #2

1563392804
Report to moderator
1563392804
Hero Member
*
Offline Offline

Posts: 1563392804

View Profile Personal Message (Offline)

Ignore
1563392804
Reply with quote  #2

1563392804
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563392804
Hero Member
*
Offline Offline

Posts: 1563392804

View Profile Personal Message (Offline)

Ignore
1563392804
Reply with quote  #2

1563392804
Report to moderator
1563392804
Hero Member
*
Offline Offline

Posts: 1563392804

View Profile Personal Message (Offline)

Ignore
1563392804
Reply with quote  #2

1563392804
Report to moderator
hdbuck
Legendary
*
Offline Offline

Activity: 1274
Merit: 1000



View Profile
October 13, 2014, 11:18:30 PM
 #2042

Volume suggests h&s triggering, which should send price back to daily 200 sma forming even larger inverse h&s




bullish?
masterluc
Legendary
*
Offline Offline

Activity: 938
Merit: 1000



View Profile
October 14, 2014, 12:39:46 AM
 #2043

Yes, this is bullish reversal formation despite I expected more downside.

isov
Full Member
***
Offline Offline

Activity: 155
Merit: 100


View Profile
October 14, 2014, 01:13:02 AM
 #2044

But the reversal is not yet confirmed? At what point would you say it is?
masterluc
Legendary
*
Offline Offline

Activity: 938
Merit: 1000



View Profile
October 14, 2014, 01:33:36 AM
 #2045

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.

windjc
Legendary
*
Offline Offline

Activity: 1834
Merit: 1040


View Profile
October 14, 2014, 01:42:15 AM
 #2046

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.
masterluc
Legendary
*
Offline Offline

Activity: 938
Merit: 1000



View Profile
October 14, 2014, 01:49:06 AM
 #2047

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



Rampion
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
October 14, 2014, 07:53:15 AM
 #2048

430 target reached.

And up we go...

windjc
Legendary
*
Offline Offline

Activity: 1834
Merit: 1040


View Profile
October 14, 2014, 08:15:41 AM
 #2049

430 target reached.

And up we go...

430? Are you from the future?
Rampion
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
October 14, 2014, 08:31:19 AM
 #2050

430 target reached.

And up we go...

430? Are you from the future?

Wow, my bitcoin price ticker just fucked up. Top its been $417.99 (Bitstamp), I correct myself Wink

sumantso
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000



View Profile
October 14, 2014, 08:59:23 AM
 #2051

430 target reached.

And up we go...

I thought if we reached $420 we go down. That could have been older analysis, I need to be spoon fed all these complicated charts.

Tzupy
Legendary
*
Offline Offline

Activity: 1764
Merit: 1052



View Profile
October 14, 2014, 10:36:02 AM
 #2052

1h MACD suggests a correction similar to the one on the 10th is imminent, since market is overbought again.
For the bottom probably around 370$. If lower than that, it would be bearish.

Sometimes, if it looks too bullish, it's actually bearish
oda.krell
Legendary
*
Offline Offline

Activity: 1470
Merit: 1007



View Profile
October 14, 2014, 11:28:05 AM
 #2053

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.

Nice summary. Pretty close to my own  expectations, that are (vaguely): first, a rise out of the bottom that confuses the bears. So far, volume is there to support it. Then, when it looks like we're back in a full bull market (~600, maybe), either volume keeps up and we actually *are* going into a real bull market, or, like in May/June, volume fizzles out again and we top out, entering another downwards slide, slow first, then accelerating.

Not sure which Bitcoin wallet you should use? Get Electrum!
Electrum is an open-source lightweight client: fast, user friendly, and 100% secure.
Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
JustAnotherSheep
Full Member
***
Offline Offline

Activity: 239
Merit: 100



View Profile
October 14, 2014, 02:41:32 PM
Last edit: October 14, 2014, 03:03:31 PM by JustAnotherSheep
 #2054

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.

Nice summary. Pretty close to my own  expectations, that are (vaguely): first, a rise out of the bottom that confuses the bears. So far, volume is there to support it. Then, when it looks like we're back in a full bull market (~600, maybe), either volume keeps up and we actually *are* going into a real bull market, or, like in May/June, volume fizzles out again and we top out, entering another downwards slide, slow first, then accelerating.
Indeed, I share your (and luc's) sentiment. I refer back to this chart;



 Shocked
So far, we've had a nice bounce off the lower trendline and are heading towards resistance. This is a very large wedge, encompassing the entirety of the post-bubble downtrend, and I feel that a break and validation of the pattern may just provide enough momentum to in turn leave this bear market once and for all.



However we may, as you mention, see a self-similar bear cycle repeat. This scenario would also fit with us breaking the wedge since, as one can see in the below zoomed in chart, the April bottom and subsequent May rise was also marked by divergence + wedge breakout



Thus, in my mind the likeliest way such a scenario will play out is by the formation of yet another, larger fractal wedge (and divergence?) Shocked



But of course the problem with patterns of self-similarity is that they're only self-similar until they aren't Tongue Either way, this is all long-term speculation, and there'll be plenty of sub-waves to trade until then. In other words; we will cross that bridge when we get to it!

(sorry for wall of charts Cheesy)

Is it a bull? Is it a bear? No, it's just another sheep.
lebing
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000

Enabling the maximal migration


View Profile
October 14, 2014, 02:47:03 PM
 #2055


 wall of charts Cheesy

This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.

Bro, do you even blockchain?
-E Voorhees
Tzupy
Legendary
*
Offline Offline

Activity: 1764
Merit: 1052



View Profile
October 14, 2014, 02:56:37 PM
 #2056

...
This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.

That's not possible. 500$ is a reasonable target for the peak of the first sub-wave of wave 1. After that there must be corrections.
I have some doubts that a price level of 450$ - 750$ is going to be sustainable for many months during wave 1 and corrective wave 2, we'll see.

Sometimes, if it looks too bullish, it's actually bearish
windjc
Legendary
*
Offline Offline

Activity: 1834
Merit: 1040


View Profile
October 14, 2014, 08:17:18 PM
 #2057

...
This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.

That's not possible. 500$ is a reasonable target for the peak of the first sub-wave of wave 1. After that there must be corrections.
I have some doubts that a price level of 450$ - 750$ is going to be sustainable for many months during wave 1 and corrective wave 2, we'll see.

You think the bottom is in too?

I have serious doubts.
windjc
Legendary
*
Offline Offline

Activity: 1834
Merit: 1040


View Profile
October 14, 2014, 08:21:02 PM
 #2058

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.

Nice summary. Pretty close to my own  expectations, that are (vaguely): first, a rise out of the bottom that confuses the bears. So far, volume is there to support it. Then, when it looks like we're back in a full bull market (~600, maybe), either volume keeps up and we actually *are* going into a real bull market, or, like in May/June, volume fizzles out again and we top out, entering another downwards slide, slow first, then accelerating.

You think the bottom is in too?  This is an interesting trifecta of bullishness - Luc/Oda/Tzupy

My head is spinning. Smiley
Tzupy
Legendary
*
Offline Offline

Activity: 1764
Merit: 1052



View Profile
October 14, 2014, 08:48:05 PM
 #2059

...
This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.

That's not possible. 500$ is a reasonable target for the peak of the first sub-wave of wave 1. After that there must be corrections.
I have some doubts that a price level of 450$ - 750$ is going to be sustainable for many months during wave 1 and corrective wave 2, we'll see.

You think the bottom is in too?

I have serious doubts.

I try to keep an open mind. Both bullish and bearish scenarios are still possible, but the latest developments favor the bullish one.
6 days ago I said that it will take 10 - 15 days until the market will decide a clear direction. It may take longer. Roll Eyes
If the bulls manage to conquer a high enough level and then defend a support level of 300+ when the corrections will come, then the bottom was 275.

Sometimes, if it looks too bullish, it's actually bearish
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1010



View Profile
October 15, 2014, 05:08:23 AM
 #2060

Volume suggests h&s triggering, which should send price back to daily 200 sma forming even larger inverse h&s

I love fractal patterns. So powerful!

I'm quite confident the V-shaped bottom on October 6th marked a trend reversal.

On fundamentals: I see an uptik in individual influencial investors and even politicians talking their btc-books. Only a matter of time until XBT is mentioned in popular newsletters. It'll work. At some point when price keeps rising the sheep will flock in panicked by price-driven media attention. The short chickens come home to roost in a frenzy... fuel for the rocket.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Pages: « 1 ... 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 [103] 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 ... 317 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!