fr33d0miz3r
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April 22, 2014, 03:23:45 AM |
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queeq had an idea that we may be in wave II.... I think assuming that wave ii and iv were quite out of proportion.
Or we are going to $0.0006
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chessnut
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April 22, 2014, 03:25:47 AM |
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Huobi thinks sell walls are sexy. up we are going. why doom and gloom suddenly? fifth wave is still an option.
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fr33d0miz3r
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April 22, 2014, 03:27:13 AM |
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fifth wave is still an option.
or not?
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chessnut
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April 22, 2014, 03:28:51 AM |
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trend lines do not define elliot waves..... there is a primary wave on stamp if you didnt notice.
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fr33d0miz3r
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April 22, 2014, 03:31:10 AM |
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trend lines do not define elliot waves..... there is a primary wave on stamp if you didnt notice.
And EMAs? We failed to break 200-day EMA. And even more: We failed to break the 240-day EMA, which has only minor resistance.
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chessnut
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April 22, 2014, 03:34:16 AM |
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trend lines do not define elliot waves..... there is a primary wave on stamp if you didnt notice.
And EMAs? We failed to break 200-day EMA. And even more: We failed to break the 240-day EMA, which has only minor resistance. EMAs are only small edges.... they are usually out of tune with the market waves because of abstract time scales. I use my eyes, not EMAs. I see a juncture, that is all that matters to me. Huobi is rising as we speak.... maybe we should talk in a few hours.
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fr33d0miz3r
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April 22, 2014, 03:35:59 AM |
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trend lines do not define elliot waves..... there is a primary wave on stamp if you didnt notice.
And EMAs? We failed to break 200-day EMA. And even more: We failed to break the 240-day EMA, which has only minor resistance. EMAs are only small edges.... they are usually out of tune with the market waves because of abstract time scales. I use my eyes, not EMAs. I see a juncture, that is all that matters to me. Huobi is rising as we speak.... maybe we should talk in a few hours. EMAs are used to confirm or decline the EW counts. Wave C may often look like a wave 3, and only EMAs can say you WTF is going on. Houbi (with its fake volume) is just testing the other people's reaction. If Huobi is rising, but other exchanges don't follow it anymore - then it's time for dump.
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chessnut
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April 22, 2014, 03:39:51 AM |
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trend lines do not define elliot waves..... there is a primary wave on stamp if you didnt notice.
And EMAs? We failed to break 200-day EMA. And even more: We failed to break the 240-day EMA, which has only minor resistance. EMAs are only small edges.... they are usually out of tune with the market waves because of abstract time scales. I use my eyes, not EMAs. I see a juncture, that is all that matters to me. Huobi is rising as we speak.... maybe we should talk in a few hours. EMAs are used to confirm or decline the EW counts. Wave C may often look like a wave 3, and only EMAs can say you WTF is going on. EMAs are not an integral part of EW analysis. that is your style. I watch the fundamentals. Huobi is rising after a massive troll wall. I think I know what that means. wave V is still a real possibility. we have evidence for a lot of support in this area. Im not turning bear until we break 475.
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fr33d0miz3r
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April 22, 2014, 03:41:23 AM |
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Huobi is rising after a massive troll wall. I think I know what that means. wave V is still a real possibility. we have evidence for a lot of support in this area. Im not turning bear until we break 475.
Huobi and troll walls are also not parts of EW analysis
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chessnut
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April 22, 2014, 03:43:28 AM |
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Huobi is rising after a massive troll wall. I think I know what that means. wave V is still a real possibility. we have evidence for a lot of support in this area. Im not turning bear until we break 475.
Huobi and troll walls are also not parts of EW analysis I never said they were EMA sell walls troll walls Huobi rising H&S support resistance etc is all TA. none of them point to 266
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fr33d0miz3r
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April 22, 2014, 03:46:10 AM |
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none of them point to 266 really?
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chessnut
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April 22, 2014, 03:48:16 AM |
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none of them point to 266 really? Thats EW analysis and a bearish count I dont like. TA is risk management. does not forecast like EW. primary on stamp.
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fr33d0miz3r
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April 22, 2014, 03:50:19 AM |
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Thats EW analysis and a bearish count I dont like. Bears and early adopters don't care about your preferences They are just cashing out while you are bullish. Classic TA is not only a risk management. It's used as an addition to EW analysis for confirming/declining analyst's counts. There is a possibility for $260 in the next 3 weeks and EMAs confirm it. I will become bullish only after breaking $530. BTW I can see an obvious double top pattern, still is not confirmed though.
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chessnut
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April 22, 2014, 03:57:35 AM |
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Thats EW analysis and a bearish count I dont like. Bears and early adopters don't care about your preferences They are just cashing out while you are bullish. Classic TA is not only a risk management. It's used as an addition to EW analysis for confirming/declining analyst's counts. There is a possibility for $260 in the next 3 weeks and EMAs confirm it. I will become bullish only after breaking $530. hey cool it, I know about sentiment just as well as you. I dont like your count because you couldn't justify the fundamentals, and that means a lot more than a EMA. you say in addition to EW, maybe, but not on its own, it is not a forecasting tool. I have a bullish count, and I have fundamentals. I've been rightly a bear in the bear market and I think it has come to an end.
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fr33d0miz3r
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April 22, 2014, 03:58:46 AM |
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and I have fundamentals
Which fundamentals? MtGox liquidation? OKCoin deposit halting? Which?
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chessnut
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April 22, 2014, 04:03:54 AM |
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and I have fundamentals
Which fundamentals? MtGox liquidation? OKCoin deposit halting? Which? China is in the past, the market is forward looking. exchanges are opening in America and Europe and the UK one after the other, and they have exposure to hundreds of billions of dollars. soon all issues will become irrelevant. MtGox liquidation? that situation is far from clear. coins will not be liquidated on the market, they will likely be returned to customers. why should that make an impact when 3600 coins are mined every day? we dont even know when the legal proceedings will be finished, this may only be an issue in the distant future.
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fr33d0miz3r
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April 22, 2014, 04:04:45 AM |
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and I have fundamentals
Which fundamentals? MtGox liquidation? OKCoin deposit halting? Which? China is in the past So why are you still looking at Huobi if China is in the past? MtGox liquidation? that situation is far from clear So, we won't go up while the situation is unclear. That's simple. I'm not saying about 200k coins dump. I'm saying about Bitcoin reputation in common people's heads.
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chessnut
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April 22, 2014, 04:06:08 AM |
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and I have fundamentals
Which fundamentals? MtGox liquidation? OKCoin deposit halting? Which? China is in the past So why are you still looking at Huobi if China is in the past? chinese issues are in the past..... do you think it's bearish that the chinese are buying like crazy?
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fr33d0miz3r
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April 22, 2014, 04:07:04 AM |
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chinese issues are in the past..... do you think it's bearish that the chinese are buying like crazy?
Chinese are buying (on fake volume) and others don't care and selling at the same time (on real volume). Yes, it's bullish, lol Do you really think that Bitcoin's exponential growth will be infinite?
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chessnut
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April 22, 2014, 04:11:19 AM |
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chinese issues are in the past..... do you think it's bearish that the chinese are buying like crazy?
Chinese are buying (on fake volume) and others don't care and selling at the same time (on real volume). Yes, it's bullish, lol Do you really think that Bitcoin's exponential growth will be infinite? right so volume is fake when you like, and troll walls are real when you like. I wasn't referring to the volume anyway, just so happens that the price is rising. is that bullish or bearish? Of coarse it wont be infinite. but the market cap is so small, it can easily grow 10x still.
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