Bitcoin Forum
December 07, 2016, 08:41:15 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: This chart illustrates why this is III and not a 3-3-5  (Read 2590 times)
Flappy
Member
**
Offline Offline

Activity: 98


View Profile
December 26, 2011, 10:22:45 PM
 #21

...if W happens, then this pattern will be confirmed, leading to Z price. This is perhaps what someone meant by "my wave".

An amateur market mover might see this as an opportunity.  I would see it as a risk.

I suspect this could backfire when the market doesn't agree with "your wave".  While some people will see the point you've made and follow the pattern, if the overall market doesn't agree, then it will fail.  The experienced trader can tell the difference between a crafted (or manipulated) wave and a more natural crowd generated one, and they may choose to bet against your trade.

How then can a market mover identify waves he can profit from?  He has to pick waves with sufficient energy (volume).

31-Jul has an example of a spike when someone perhaps thought they could spark a new trend.  But the market disagreed.
1481100075
Hero Member
*
Offline Offline

Posts: 1481100075

View Profile Personal Message (Offline)

Ignore
1481100075
Reply with quote  #2

1481100075
Report to moderator
1481100075
Hero Member
*
Offline Offline

Posts: 1481100075

View Profile Personal Message (Offline)

Ignore
1481100075
Reply with quote  #2

1481100075
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481100075
Hero Member
*
Offline Offline

Posts: 1481100075

View Profile Personal Message (Offline)

Ignore
1481100075
Reply with quote  #2

1481100075
Report to moderator
1481100075
Hero Member
*
Offline Offline

Posts: 1481100075

View Profile Personal Message (Offline)

Ignore
1481100075
Reply with quote  #2

1481100075
Report to moderator
netrin
Sr. Member
****
Offline Offline

Activity: 322


FirstBits: 168Bc


View Profile
December 27, 2011, 03:32:15 AM
 #22

Yes, one should always look for sustained volume within a price movement. In fact, lack thereof is a an excellent opportunity to take the contrarian position. It's just that those are impossible to discuss and certainly not chart before the reversal occurs.

In fact, this entire Christmas week has been a series of premature ejaculate spikes.

Greenlandic tupilak. Hand carved, traditional cursed bone figures. Sorry, polar bear, walrus and human remains not available for export.
Pages: « 1 [2]  All
  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!