rpietila Wall Observer - the Quality TA Thread ;)

[rpietila]

Your words are like water to a parched tongue.  Thanks Risto for keeping me encouraged when it gets a bit depressing.

I can do research, and draft scenarios, and give probabilities, and make forecasts, but one thing I should not do:

HOPE that the price would go to this or that direction. For hope is the root of all bad trades.

[cosmofly]

Your words are like water to a parched tongue.  Thanks Risto for keeping me encouraged when it gets a bit depressing.

I can do research, and draft scenarios, and give probabilities, and make forecasts, but one thing I should not do:

HOPE that the price would go to this or that direction. For hope is the root of all bad trades.

This is exactly what i follow rpietila, a lot of people keep hoping even when their hopes materialize they keep hoping some more.

It's all about doing the right research, having the right info on the right time and calculated trades.

Hope more people can learn from this thread

[BitChick]

Your words are like water to a parched tongue.  Thanks Risto for keeping me encouraged when it gets a bit depressing.

I can do research, and draft scenarios, and give probabilities, and make forecasts, but one thing I should not do:

HOPE that the price would go to this or that direction. For hope is the root of all bad trades.

This is exactly what i follow rpietila, a lot of people keep hoping even when their hopes materialize they keep hoping some more.

It's all about doing the right research, having the right info on the right time and calculated trades.

Hope more people can learn from this thread

Some of us need some "hope" so we don't do anything stupid like sell when we are depressed.   But yes, it is best to be as unemotional as possible with these sorts of things. I am not really a trader so it is more about holding until we decide to take some profits eventually.

[upupup]

Your words are like water to a parched tongue.  Thanks Risto for keeping me encouraged when it gets a bit depressing.

I can do research, and draft scenarios, and give probabilities, and make forecasts, but one thing I should not do:

HOPE that the price would go to this or that direction. For hope is the root of all bad trades.

This is exactly what i follow rpietila, a lot of people keep hoping even when their hopes materialize they keep hoping some more.

It's all about doing the right research, having the right info on the right time and calculated trades.

Hope more people can learn from this thread

Some of us need some "hope" so we don't do anything stupid like sell when we are depressed.   But yes, it is best to be as unemotional as possible with these sorts of things. I am not really a trader so it is more about holding until we decide to take some profits eventually.

How can you hodl when bitcoin is going down gradually for >4 months? We started January and until now there are no positive bigger changes. I shorted few times already and waiting for the bottom ... which i believe will be 100-250$. Everybody are really bullish now and i'm feeling so bad about all these people who're losing money because we're low for so long. ;/

[BitChick]

Your words are like water to a parched tongue.  Thanks Risto for keeping me encouraged when it gets a bit depressing.

I can do research, and draft scenarios, and give probabilities, and make forecasts, but one thing I should not do:

HOPE that the price would go to this or that direction. For hope is the root of all bad trades.

This is exactly what i follow rpietila, a lot of people keep hoping even when their hopes materialize they keep hoping some more.

It's all about doing the right research, having the right info on the right time and calculated trades.

Hope more people can learn from this thread

Some of us need some "hope" so we don't do anything stupid like sell when we are depressed.   But yes, it is best to be as unemotional as possible with these sorts of things. I am not really a trader so it is more about holding until we decide to take some profits eventually.

How can you hodl when bitcoin is going down gradually for >4 months? We started January and until now there are no positive bigger changes. I shorted few times already and waiting for the bottom ... which i believe will be 100-250$. Everybody are really bullish now and i'm feeling so bad about all these people who're losing money because we're low for so long. ;/

How can I hold?  I held through last Summer and that was far more painful that it is now! 

[Queeq]

Hello all.  I've been reading every post here (well, except some of AnonyMint's as they are pretty difficult to absorb) and now decided to finally reveal some TA I'm doing.

Currently studying Elliott waves analysis. There are lots of rules and guides regarding correct reading of waves so I did my best to follow them. Although I'm still pretty confused about some of them so I ask for advice on how to improve what I did and on how to fill the gaps. Here is the chart I am working on: https://www.tradingview.com/e/1QcTgU9a/



Any hint would be useful. Thanks.

[doctor877]

400 breached, going down :3

[jmw74]

400 breached, going down :3

The 400 wall hasn't been breached on bitstamp.  Edit: ah there it goes.

[Syke]

Wall on stamp pulled. Down we go.

[eboard10]

Hello all.  I've been reading every post here (well, except some of AnonyMint's as they are pretty difficult to absorb) and now decided to finally reveal some TA I'm doing.

Currently studying Elliott waves analysis. There are lots of rules and guides regarding correct reading of waves so I did my best to follow them. Although I'm still pretty confused about some of them so I ask for advice on how to improve what I did and on how to fill the gaps. Here is the chart I am working on: https://www.tradingview.com/e/1QcTgU9a/



Any hint would be useful. Thanks.

Hi Queeq, there's an EW thread here:

https://bitcointalk.org/index.php?topic=555289.0

[upupup]

Wall on stamp pulled. Down we go.

Wat? It was eated! One >2000 dump on Stamp! Though me have bad eyes but even this couldn't go through unnoticed

[rpietila]

For reference.

We saw 378, 382, 400 and (so far) 383, over 5 months. Such support.

[Kramerc]

Wall on stamp pulled. Down we go.

Wat? It was eated! One >2000 dump on Stamp! Though me have bad eyes but even this couldn't go through unnoticed

2500B sell order, yes.

[magicmexican]

For reference.

We saw 378, 382, 400 and (so far) 383, over 5 months. Such support.

Ye but now its different, the rebounds were quick and sudden, the timing window to buy low used to be very short, now its like whatever, noone feels like buying

[BitChick]

For reference.

We saw 378, 382, 400 and (so far) 383, over 5 months. Such support.

Ye but now its different, the rebounds were quick and sudden, the timing window to buy low used to be very short, now its like whatever, noone feels like buying

Gox and China are making people cautious perhaps.  Hopefully when the 15th comes and goes we can get back to "normal" whatever that is.

[rpietila]

For reference.

We saw 378, 382, 400 and (so far) 383, over 5 months. Such support.

Ye but now its different, the rebounds were quick and sudden, the timing window to buy low used to be very short, now its like whatever, noone feels like buying

All characteristics of a capitulation bottom, yes.

[dave00]

I'm enjoying a montecristo A and waiting calmly for this summer someone wants to join me? 

[lumierre]

For reference.

We saw 378, 382, 400 and (so far) 383, over 5 months. Such support.

Ye but now its different, the rebounds were quick and sudden, the timing window to buy low used to be very short, now its like whatever, noone feels like buying

All characteristics of a capitulation bottom, yes.

Yeah, bottoms are usually indicated by a V pattern. Quick plunge and quick rise.

[rpietila]

I'm enjoying a montecristo A and waiting calmly for this summer someone wants to join me? 

Sadly I don't like Montecristo. Cohiba Siglo VI is currently my fav. It is +4 celcius here, it's called global warming u'know.

[dave00]

Cohibas are fine cigars too 
Right now the global warming is probably due to heavy mining operations, if you know what i mean