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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
 Offline
Activity: 378
Merit: 250
"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
Donator
Legendary
Offline
Activity: 4704
Merit: 4213
Leading Crypto Sports Betting & Casino Platform
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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.. | | | ▄████████████████████████████████████▄
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▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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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  |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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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 <sarcasm>$7</sarcasm> better? |
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pent
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March 19, 2012, 11:15:14 PM |
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yep :beer:
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OgNasty
Donator
Legendary
Offline
Activity: 4704
Merit: 4213
Leading Crypto Sports Betting & Casino Platform
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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. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
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▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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SkRRJyTC
Legendary
Offline
Activity: 1008
Merit: 1000
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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
Member
Offline
Activity: 99
Merit: 10
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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!  |
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waveaddict (OP)
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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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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
Offline
Activity: 378
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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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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March 19, 2012, 11:45:42 PM |
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 Uploaded with ImageShack.usThis is my drunked prediction! :::beer::: |
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waveaddict (OP)
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March 19, 2012, 11:48:47 PM |
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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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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  wassup Btw, daily MACD is about to intersect downside. |
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M4v3R
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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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