michaelGedi
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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April 22, 2015, 10:20:54 PM |
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What's the big deal? I was trading bitcoin with plus500 more than a year ago. the only big deal is that I only recently discovered it, so if no one had heard of it as I hadn't, I wanted to share my referral link
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WhatTheGox
Legendary
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Activity: 812
Merit: 1000
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April 23, 2015, 08:44:59 AM |
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Looks like we reached your target now on OKCoin.
It was a triangle thrust. good triangle form and characteristically sharp. we could see a little higher from here but the fact that we have just penetrated the upper trendline doesnt bother me, the complete count is very strong. Upside is very limited here. Do you anticipate 240-245? No not that high. 240 would be a push. Looks like your correct. We just got near 240 (239) and a 5k wall popped up right there along with heavy ask's going all the way up. This move might not be over yet, we are still sat nicely under 240, the wall was needed to stop the move up yesterday but might not be so successful today/tomorrow.
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eboard10
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April 23, 2015, 04:50:02 PM |
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With the form of the triangle and thrust alone, I would be confident in looking for a medium term top here, but the potential of the dominant count is devastatingly bearish. it would be (iii) of iii to follow. What follows will be interesting to watch.
It looks indeed possible for a wave (iii) of iii to play out. The RSI on the 12h and 1D charts are set for a nice fall, and if you look at the 3D chart you can get a glimpse of the potential drop that will follow if the RSI shifts direction and goes back down (PS I am not suggesting this to be a terminal move but just using the image to show the correlation with previous sharp falls).
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damiano
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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April 23, 2015, 05:01:05 PM |
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With the form of the triangle and thrust alone, I would be confident in looking for a medium term top here, but the potential of the dominant count is devastatingly bearish. it would be (iii) of iii to follow. What follows will be interesting to watch.
It looks indeed possible for a wave (iii) of iii to play out. The RSI on the 12h and 1D charts are set for a nice fall, and if you look at the 3D chart you can get a glimpse of the potential drop that will follow if the RSI shifts direction and goes back down (PS I am not suggesting this to be a terminal move but just using the image to show the correlation with previous sharp falls). Looks very bad especially if you look at okcoin and huobi (they are practically pinned) bitfinex only looks a tad better.
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8up
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April 23, 2015, 05:44:36 PM |
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With the form of the triangle and thrust alone, I would be confident in looking for a medium term top here, but the potential of the dominant count is devastatingly bearish. it would be (iii) of iii to follow. What follows will be interesting to watch.
It looks indeed possible for a wave (iii) of iii to play out. The RSI on the 12h and 1D charts are set for a nice fall, and if you look at the 3D chart you can get a glimpse of the potential drop that will follow if the RSI shifts direction and goes back down (PS I am not suggesting this to be a terminal move but just using the image to show the correlation with previous sharp falls). So, let the games begin. I am sure the market appreciates another down leg. At least I do.
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Always wrong until not.
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Afrikoin
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Activity: 1540
Merit: 1003
alan watts is all you need
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April 24, 2015, 06:52:59 AM |
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incoming!
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▄▄▄██████▄▄▄ ▄██████████████████▄ ▄████████████████████████▄ ▄▄ ▄████████████████████████████▄ ███████████████████████████████████▄ ▀▀█████████████████████████████████▄ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ▀████████████████████████████████▀ ▀██████████████████████████████▀ ▀▀██████████████████████████▀ ▀██████████████████████▀ ▀▀▀████████████▀▀▀ | .
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chessnut (OP)
Legendary
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Activity: 924
Merit: 1001
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April 29, 2015, 09:27:02 AM |
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Holding tight isnt easy when primary waves tend to retrace 50-62%, so even though the last dump was rather deeply retraced (btce is no longer subject to this analysis!) it fits in rather well with the dominant count. Invalidation at 1440.
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Wandererfromthenorth
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April 29, 2015, 09:45:30 AM |
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Holding tight isnt easy when primary waves tend to retrace 50-62%, so even though the last dump was rather deeply retraced (btce is no longer subject to this analysis!) it fits in rather well with the dominant count. Invalidation at 1440. Personally I think it needs one more week of consolidation ($210-$230) before the next big move, when we will be forced to exit the big triangle. I welcome a premature start of the next crash tho
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Afrikoin
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Activity: 1540
Merit: 1003
alan watts is all you need
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April 29, 2015, 11:15:33 AM Last edit: April 29, 2015, 11:34:52 AM by Afrikoin |
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Personally I think it needs one more week of consolidation ($210-$230) before the next big move, when we will be forced to exit the big triangle. I think so too. A dull sideways trend. On another note, your profile pic -- i was just watching 'Indie Games' the other day. Featured your character. http://www.imdb.com/title/tt1942884/
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▄▄▄██████▄▄▄ ▄██████████████████▄ ▄████████████████████████▄ ▄▄ ▄████████████████████████████▄ ███████████████████████████████████▄ ▀▀█████████████████████████████████▄ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ▀████████████████████████████████▀ ▀██████████████████████████████▀ ▀▀██████████████████████████▀ ▀██████████████████████▀ ▀▀▀████████████▀▀▀ | .
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chessnut (OP)
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Activity: 924
Merit: 1001
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April 29, 2015, 12:45:08 PM |
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If we have another weeks rest, the count will have changed, it could be bullish. wave iii waits for no man.
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Wandererfromthenorth
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April 29, 2015, 06:38:54 PM Last edit: April 29, 2015, 10:10:13 PM by Wandererfromthenorth |
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Personally I think it needs one more week of consolidation ($210-$230) before the next big move, when we will be forced to exit the big triangle. I think so too. A dull sideways trend. On another note, your profile pic -- i was just watching 'Indie Games' the other day. Featured your character. http://www.imdb.com/title/tt1942884/Yes! That's the character from "Braid", featured in the movie. If you haven't played that game give it a try (on Steam you should find it), it's genius stuff
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Wandererfromthenorth
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April 29, 2015, 06:41:51 PM |
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If we have another weeks rest, the count will have changed, it could be bullish. wave iii waits for no man.
Ok. I was thinking one week at the absolute max, but yes even only a few days should do it.
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BldSwtTrs
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Merit: 1010
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April 29, 2015, 06:45:17 PM |
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If we have another weeks rest, the count will have changed, it could be bullish. wave iii waits for no man.
You mean it could become bullish short term or long term? To be clear, a temporary upward correction or a trend reversal?
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podyx
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Activity: 2338
Merit: 1035
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April 29, 2015, 07:29:26 PM |
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If we have another weeks rest, the count will have changed, it could be bullish. wave iii waits for no man.
This is what I was thinking. If we get consolidation, that would be bullish, I'm selling for now though
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chessnut (OP)
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Activity: 924
Merit: 1001
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April 29, 2015, 11:55:12 PM |
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If we have another weeks rest, the count will have changed, it could be bullish. wave iii waits for no man.
You mean it could become bullish short term or long term? To be clear, a temporary upward correction or a trend reversal? probably only short/medium term
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T-Y-R
Newbie
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Activity: 29
Merit: 0
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April 30, 2015, 08:05:36 AM |
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... Invalidation at 1440.
Invalidated?
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Phillis
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April 30, 2015, 08:12:33 AM |
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yeah this is invalidated
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WhatTheGox
Legendary
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Activity: 812
Merit: 1000
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April 30, 2015, 08:21:36 AM |
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Looks like we reached your target now on OKCoin.
It was a triangle thrust. good triangle form and characteristically sharp. we could see a little higher from here but the fact that we have just penetrated the upper trendline doesnt bother me, the complete count is very strong. Upside is very limited here. Do you anticipate 240-245? No not that high. 240 would be a push. Im going to make a prediction now that will will smash through 240 very easy, the market is just sat below charging up for another run. Lets see if im wrong in a few days This could be the day, hang onto your hats folks $230 breaking is a good sign no?
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fabrizio123
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April 30, 2015, 09:14:14 AM |
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Until 1480 the count is not invalidated, am i right?
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phoenix1
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April 30, 2015, 09:41:23 AM |
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Until 1480 the count is not invalidated, am i right?
For the red count as drawn the 'red ii' at 1431 is now invalidated (as we have gone above it), but the higher white count is not - it would be invalidated (as drawn) at 1480 on OKCoin and 1500 on Huobi. I say 'as drawn' because the overall count down from 1900 CNY would not be invalidated if these levels were breached. ATM this *could* just be a higher red ii within the same white count ...
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"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
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