masterluc (OP)
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October 22, 2014, 11:31:58 AM |
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360 is subwave 4 triangle apex support, also middle of daily bb. It should hold to materialize optimistic bullish count.
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oda.krell
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October 22, 2014, 11:44:12 AM |
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So in your view, this:  is not a likely continuation, in a similar way to how May played out:  |
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masterluc (OP)
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October 22, 2014, 11:44:33 AM |
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Also here, as price development says, II/B shows triangle formation. So any break below 370 (triangle point a) would almost completely invalidate this count. Also I can say this is not a motive bullish wave if triangle appears in II. This means 5-3-5 (abc), not 5-3-5-3-5. In short - this means $500 should be terminal medium term bullish top. Here is a potential  |
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Tzupy
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October 22, 2014, 12:31:20 PM |
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@lucif
I can certainly see another (minor) breakdown in the coming weeks, but I'm wondering why you said earlier that you think hitting 360s would make it a bad picture for the bulls?
To me it looks like we could go all the way to ~340 for a re-test, and it would look a lot like April 16 to May 19 earlier this year. (Of course it would only be similar if there is good support at that level)
Sorry for the unsolicited answer, but the comparison with April 16th to May 19th doesn't make sense to me. In the bullish scenario (with 275$ THE bottom) I am looking at about 9th July 2013, in the bearish scenario I'm looking at about 5th August 2014. Bearish scenario will be invalidated if 420$ resistance will be firmly broken. |
Sometimes, if it looks too bullish, it's actually bearish
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masterluc (OP)
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October 23, 2014, 08:15:36 AM |
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Last activity harmed my bullish count much.
Waiting for collapse of daily bb to resolve further direction.
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thefiniteidea
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October 24, 2014, 04:58:05 AM |
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Gradual decline over next month...  |
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masterluc (OP)
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October 24, 2014, 05:00:07 AM |
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Notice how xbt correlates with xau on daily basis.
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devphp
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October 24, 2014, 05:04:10 AM |
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Waiting for collapse of daily bb to resolve further direction.
well? |
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cbeast
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Let's talk governance, lipstick, and pigs.
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October 24, 2014, 10:02:09 AM |
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Wake me up when Bitcoin is in a multi trillion deficit, then maybe economists will take it seriously.  |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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BrightAnarchist
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October 24, 2014, 06:20:33 PM |
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The bear market is well underway but damn I can't wait for a *real* crash to start. I thought maybe it would happen in October but I still haven't gotten the right setup yet. Maybe November or December now. We shall see.
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Bimmerhead
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October 24, 2014, 09:32:00 PM |
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The bear market is well underway but damn I can't wait for a *real* crash to start. I thought maybe it would happen in October but I still haven't gotten the right setup yet. Maybe November or December now. We shall see.
Wasn't the original expectation for this sometime in 2010 or 2011? |
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hdbuck
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October 24, 2014, 10:19:29 PM |
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Masters 17months bear market well under way.
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masterluc (OP)
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October 25, 2014, 03:57:43 AM |
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After about 4 days this band will start to collapse, so we may still see a sideways movings within 3-6 days.  Daily bands started to contract. Further direction resolution is near, bullish count harmed much. |
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myself
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chaos is fun...…damental :)
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October 25, 2014, 03:57:56 PM |
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Daily bands started to contract. Further direction resolution is near, bullish count harmed much.
the 30k sell on bearstamp is likely to be in weaker hands so there is plenty of ammo to turn daily volume red   |
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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N12
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October 25, 2014, 04:03:07 PM |
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sumantso
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October 26, 2014, 03:43:44 PM
Last edit: October 27, 2014, 05:36:10 PM by sumantso |
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After about 4 days this band will start to collapse, so we may still see a sideways movings within 3-6 days.
-snip-
Daily bands started to contract. Further direction resolution is near, bullish count harmed much. Uh oh, not good. Sadly I am in BTC, maybe will have to pour real money in now; will certainly do that if it drops below $300. |
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Tzupy
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October 26, 2014, 05:43:42 PM |
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For those who believe in the bearish scenario (which would be invalidated by a strong break of 420$ resistance), here is a possible unfolding, a "replay" of the August drop, only taking about 6 times longer, that's why I used 1h for August and 6h for current charts (current chart may need to be extended).   |
Sometimes, if it looks too bullish, it's actually bearish
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BootstrapCoinDev
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October 26, 2014, 06:25:11 PM |
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As savers, investors or speculators, ALL we need to know is shown on http://www.oanda.com/currency/converter/Select BTC vs. USD or BTC vs. XAU (gold), and you get the chart plots. If you go to the Historical Rates tab, you can create custom charts. The point is, "There's money in them there Bitcoin hills!" In fact, BTC kicked Gold's ass. Big Time!!!* Which is why I'm re-balancing my portfolio to start buying BTC (after next Dip). |
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cbeast
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Let's talk governance, lipstick, and pigs.
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October 26, 2014, 06:55:04 PM |
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Wouldn't it be something if it was found out to be a self running bot created by someone who died? It would be a dump routine if no input is made, it finds a price and dumps. It might be safer than leaving the account in a will. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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BrightAnarchist
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October 26, 2014, 09:55:02 PM |
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You never know - if Bitcoin falls an additionally from here and he buys them back cheaper, he's going to look like he has smart hands. Don't assume you know the future. |
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