waveaddict (OP)
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March 19, 2012, 10:50:54 PM |
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The 38.2% Fibonacci retracement off this sharp move from $5.26 to the first bottom of $4.84 was around $5. So the likely retrace to 5 after 4.84 was probably a wave 4 meaning that we are currently in a terminal 5 which will likely bottom us out in the 4.6 - 4.75 range before we head up in a meaningful correction.
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M4v3R
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March 19, 2012, 10:52:12 PM |
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The 38.2% Fibonacci retracement off this sharp move from $5.26 to the first bottom of $4.84 was around $5. So the likely retrace to 5 after 4.84 was probably a wave 4 meaning that we are currently in a terminal 5 which will likely bottom us out in the 4.6 - 4.75 range before we head up in a meaningful correction higher.
Actually, it hit 4.58. Edit: And 4.53 as we speak. Edit 2: According to Bitcoinica's Open Interest chart, 7k from that move down were forced liquidations. The rest was just panic selling, then panic buying.
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pirateat40
Avast Ye!
Sr. Member
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"Yes I am a pirate, 200 years too late."
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March 19, 2012, 11:00:16 PM |
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The 38.2% Fibonacci retracement off this sharp move from $5.26 to the first bottom of $4.84 was around $5. So the likely retrace to 5 after 4.84 was probably a wave 4 meaning that we are currently in a terminal 5 which will likely bottom us out in the 4.6 - 4.75 range before we head up in a meaningful correction.
Where do you see the price in 1 hour?
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OgNasty
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March 19, 2012, 11:07:43 PM |
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This correction filled all my buy orders at $4.61. I am hoping we see $5 again before tomorrow evening.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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notme
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March 19, 2012, 11:09:52 PM |
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The 38.2% Fibonacci retracement off this sharp move from $5.26 to the first bottom of $4.84 was around $5. So the likely retrace to 5 after 4.84 was probably a wave 4 meaning that we are currently in a terminal 5 which will likely bottom us out in the 4.6 - 4.75 range before we head up in a meaningful correction.
Where do you see the price in 1 hour? $7
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pent
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March 19, 2012, 11:12:28 PM |
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$7
I think it would be hard to reverse this momentum ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg11.imageshack.us%2Fimg11%2F3725%2Fchart1c.png&t=665&c=eBr_O54ZU84PqQ)
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notme
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March 19, 2012, 11:13:46 PM |
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$7
I think it would be hard to reverse this momentum ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg11.imageshack.us%2Fimg11%2F3725%2Fchart1c.png&t=665&c=eBr_O54ZU84PqQ) <sarcasm>$7</sarcasm> better?
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pent
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 11:15:14 PM |
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yep :beer:
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OgNasty
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March 19, 2012, 11:16:12 PM |
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I think it would be hard to reverse this momentum
I think it would be hard to maintain this momentum.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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SkRRJyTC
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March 19, 2012, 11:16:43 PM |
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$4.90 in an hour
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dopamine
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March 19, 2012, 11:18:51 PM |
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leverage up now since everyone got liquidated
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Bitcoinica still has not given me 50% of my claim of 600 BTC INTERSANGO can go down with bitcoinica for abandoning customers Alberto Armandi is a SCAMMER
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Flappy
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March 19, 2012, 11:19:32 PM |
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At 4.6 I was feeling a strong urge to sell... I'm like, OMG what should I do? So I panicked... and hit the buy button! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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waveaddict (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 11:28:48 PM |
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The 38.2% Fibonacci retracement off this sharp move from $5.26 to the first bottom of $4.84 was around $5. So the likely retrace to 5 after 4.84 was probably a wave 4 meaning that we are currently in a terminal 5 which will likely bottom us out in the 4.6 - 4.75 range before we head up in a meaningful correction.
Where do you see the price in 1 hour? let's just say that going vertical in one direction is not going to be sustainable for very long.
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Hunterbunter
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 11:30:42 PM |
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The 38.2% Fibonacci retracement off this sharp move from $5.26 to the first bottom of $4.84 was around $5. So the likely retrace to 5 after 4.84 was probably a wave 4 meaning that we are currently in a terminal 5 which will likely bottom us out in the 4.6 - 4.75 range before we head up in a meaningful correction.
Where do you see the price in 1 hour? let's just say that going vertical in one direction is not going to be sustainable for very long. That's true...it's pretty rare to see drops/rises greater than 50c all within an hour.
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pirateat40
Avast Ye!
Sr. Member
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Merit: 250
"Yes I am a pirate, 200 years too late."
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March 19, 2012, 11:30:51 PM |
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let's just say that going vertical in one direction is not going to be sustainable for very long.
Oh yea...
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pent
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 11:37:16 PM |
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According to simple 1-2-3-4-5 wave I expect the bottom of current short-term anti-rally at ~4.4 (4.4 is a massive support)
WWLS?
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pent
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 11:45:42 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg72.imageshack.us%2Fimg72%2F2741%2Fchart2t.png&t=665&c=h33XSQbio6RkUg) Uploaded with ImageShack.usThis is my drunked prediction! :::beer:::
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waveaddict (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 11:48:47 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg72.imageshack.us%2Fimg72%2F2741%2Fchart2t.png&t=665&c=h33XSQbio6RkUg) Uploaded with ImageShack.usSorry guys, drunked a bit, could make mistakes :::beer::: you are forgetting about the many waves off the 5.45 top
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pent
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 19, 2012, 11:55:34 PM |
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you are forgetting about the many waves off the 5.45 top
Not a competitor to you )) just watching a game, having a bud ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) wassup ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Btw, daily MACD is about to intersect downside.
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M4v3R
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2012, 12:08:10 AM |
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MACD crossed, also, daily 10-21 EMAs are about to get crossed. I guess we could see more downside soon.
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