chessnut (OP)
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October 31, 2015, 06:43:13 AM |
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heart warming to see such a cracker rally. This rose from bad EW form but in this volatility pieces of the puzzle are becoming inevitably clearer. We are probably at the later stage of a third wave finishing with a fifth blowout. I think we can safely say that we are at a stage in an impulse that will form a primary wave followed by a wave 2 correction. currently the smaller time frames suggest sideways consolidation with a risk of entering fourth wave territory but ultimately contain the evidence for continuation. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FgC8mjTYn%2F&t=665&c=guEMakaoi1RDow) Need more to say more. trading is going to be great with the coming volatility. The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes. ... EW is King of ponzi land.
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Zarathustra
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October 31, 2015, 08:51:10 AM |
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It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?
In cryptocoin land, a ponzi is a fundamental. And fundamentals piss on TA, including EW. No, TA patterns in general and EW patterns in particular represent social mood, and Bitcoin moves on social mood, as all assets do.
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chessnut (OP)
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November 01, 2015, 07:45:20 PM |
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The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2Fn7ACOeXJ%2F&t=665&c=hSFD8EE_bNWTCg) This would be in a fourth wave position of some degree, and a fifth wave to follow.
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Fakhoury
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November 01, 2015, 07:46:46 PM |
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The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2Fn7ACOeXJ%2F&t=665&c=hSFD8EE_bNWTCg) This would be in a fourth wave position of some degree, and a fifth wave to follow. But the issue is that US exchanges doesn't follow the chinese one, chessnut ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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Afrikoin
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November 01, 2015, 07:49:22 PM |
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The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow. But the issue is that US exchanges doesn't follow the chinese one, chessnut ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Chinese exchanges have been leading on this run
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▄▄▄██████▄▄▄ ▄██████████████████▄ ▄████████████████████████▄ ▄▄ ▄████████████████████████████▄ ███████████████████████████████████▄ ▀▀█████████████████████████████████▄ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ▀████████████████████████████████▀ ▀██████████████████████████████▀ ▀▀██████████████████████████▀ ▀██████████████████████▀ ▀▀▀████████████▀▀▀ | .
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Fakhoury
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November 01, 2015, 07:56:39 PM |
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The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow. But the issue is that US exchanges doesn't follow the chinese one, chessnut ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Chinese exchanges have been leading on this run Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ?
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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hdbuck
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November 01, 2015, 08:29:51 PM |
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The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow. But the issue is that US exchanges doesn't follow the chinese one, chessnut ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Chinese exchanges have been leading on this run Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ? yuan devaluation looming, wash trading, annnd it's gone.
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Fakhoury
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November 01, 2015, 08:36:29 PM |
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The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow. But the issue is that US exchanges doesn't follow the chinese one, chessnut ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Chinese exchanges have been leading on this run Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ? yuan devaluation looming, wash trading, annnd it's gone. All what you said is ok, but why we can't be in the same pace with them ? Why we are behind ?
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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Afrikoin
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November 01, 2015, 08:43:23 PM |
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The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow. But the issue is that US exchanges doesn't follow the chinese one, chessnut ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Chinese exchanges have been leading on this run Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ? yuan devaluation looming, wash trading, annnd it's gone. All what you said is ok, but why we can't be in the same pace with them ? Why we are behind ? cause and effect. like a ripple. it starts from an epicentre and spreads.
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▄▄▄██████▄▄▄ ▄██████████████████▄ ▄████████████████████████▄ ▄▄ ▄████████████████████████████▄ ███████████████████████████████████▄ ▀▀█████████████████████████████████▄ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ▀████████████████████████████████▀ ▀██████████████████████████████▀ ▀▀██████████████████████████▀ ▀██████████████████████▀ ▀▀▀████████████▀▀▀ | .
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Fakhoury
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November 01, 2015, 08:53:22 PM |
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The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow. But the issue is that US exchanges doesn't follow the chinese one, chessnut ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Chinese exchanges have been leading on this run Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ? yuan devaluation looming, wash trading, annnd it's gone. All what you said is ok, but why we can't be in the same pace with them ? Why we are behind ? cause and effect. like a ripple. it starts from an epicentre and spreads. You mean sooner or later, it's a must that we will reach those price highests ?
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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Afrikoin
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November 01, 2015, 08:57:53 PM |
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The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow. But the issue is that US exchanges doesn't follow the chinese one, chessnut ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Chinese exchanges have been leading on this run Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ? yuan devaluation looming, wash trading, annnd it's gone. All what you said is ok, but why we can't be in the same pace with them ? Why we are behind ? cause and effect. like a ripple. it starts from an epicentre and spreads. You mean sooner or later, it's a must that we will reach those price highests ? i mean one time is china leading the market. next time it'll be a different country/region. maybe europe in a crisis
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chessnut (OP)
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November 01, 2015, 09:46:35 PM |
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The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2Fn7ACOeXJ%2F&t=665&c=hSFD8EE_bNWTCg) This would be in a fourth wave position of some degree, and a fifth wave to follow. But the issue is that US exchanges doesn't follow the chinese one, chessnut ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) The US exchanges have produced a typical abc correction in a valid context, while they are different markets they have to follow each other on the larger scales. The patterns from china are more reliable because china is more liquid.
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Fakhoury
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November 01, 2015, 11:28:32 PM |
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i mean one time is china leading the market. next time it'll be a different country/region. maybe europe in a crisis
I agree with what you said dear, but what I'm asking about is, why don't we go parallel with the chinese market ? why there is a spread between us exchanges and chinese one ? The US exchanges have produced a typical abc correction in a valid context, while they are different markets they have to follow each other on the larger scales. The patterns from china are more reliable because china is more liquid.
Thanks for the reply my friend, and I agree with what you said. they have to follow each other on the larger scales. When they are going to follow ?
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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rebuilder
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November 02, 2015, 07:14:37 AM |
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The patterns from china are more reliable because china is more liquid.
Is it? That they have more volume is clear, but I don't think that's a good indicator of liquidity. On BTCChina for example, there are about 3k coins on the bid side 10% down from the current price point. Bitstamp is about the samw and for Bitfinex it's 8k. From my perspective, the exchange able to absorb the biggest dump (of whichever currency) while having the price move the least is the most liquid.
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Selling out to advertisers shows you respect neither yourself nor the rest of us. --------------------------------------------------------------- Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
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sgbett
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November 02, 2015, 09:33:23 AM |
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The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow. But the issue is that US exchanges doesn't follow the chinese one, chessnut ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Chinese exchanges have been leading on this run Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ? IIRC China mostly led last time. Always look east for the dawn! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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jehst
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November 02, 2015, 11:57:09 AM |
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what's the E-wave count that says we're going to $700-$800 very soon? that one is probably the right one
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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LFC_Bitcoin
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November 02, 2015, 12:01:22 PM |
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what's the E-wave count that says we're going to $700-$800 very soon? that one is probably the right one
700-800 soon? I certainly hope so.
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Afrikoin
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November 02, 2015, 05:53:10 PM |
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what's the E-wave count that says we're going to $700-$800 very soon? that one is probably the right one
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fbb2uLIu.png%3F1&t=665&c=sHDswa5a_hRuFg)
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lebing
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November 02, 2015, 06:15:00 PM |
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what's the E-wave count that says we're going to $700-$800 very soon? that one is probably the right one
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fbb2uLIu.png%3F1&t=665&c=sHDswa5a_hRuFg) If I am reading this accurately, it looks to be following the yellow count quite well and the rally should end around $400?
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Bro, do you even blockchain? -E Voorhees
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brg444
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 02, 2015, 08:33:21 PM |
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what's the E-wave count that says we're going to $700-$800 very soon? that one is probably the right one
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fbb2uLIu.png%3F1&t=665&c=sHDswa5a_hRuFg) If I am reading this accurately, it looks to be following the yellow count quite well and the rally should end around $400? Yes with 100$ around August 2016..... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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