foggyb
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October 07, 2014, 09:00:13 PM |
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If there were a mathematical formula to know the future price then we would all be rich.
If we all knew the future price no one would sell. A self-fulfilling un-prophecy, if you will.
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chessnut (OP)
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October 08, 2014, 01:26:21 AM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FvSqCv4aB%2F&t=665&c=Ba0_tG2jfRY1-Q) Little option but down right now
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chessnut (OP)
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October 08, 2014, 08:26:32 AM Last edit: October 08, 2014, 09:26:17 AM by chessnut |
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We have not had an impulsive count from lows, so I am sceptical about this rally occuring presently. However, if it shows strength and follow through going through 345, we should assume that wave v is complete, buy and hold until 450, carefully managing your leverage and risk. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FNZb0RXQ2%2F&t=665&c=xdrNN0zJbPaw0Q)
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chessnut (OP)
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October 08, 2014, 10:45:33 AM |
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This rally has not given us a long signal yet and I couldnt advise going long right now, minor counts are pointing down from this point.
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chessnut (OP)
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October 08, 2014, 11:18:15 AM |
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Yes, this has become clear now. NOT good place to be long. the wave V count is still valid and Iam expecting 260 lows still. great place to short for the experienced traders, stop loss at 347. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FAjs9GlRd%2F&t=665&c=XPCyoi6Vvrtx7Q)
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chessnut (OP)
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October 08, 2014, 11:51:59 AM |
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BINGO. this legit ew count is unfolding and makes perfect sense. IV waves reside in the iv wave of one lower fractal, below 446 in this case. Iv waves tend to be triangles too. this is a great count. I am expecting $260 coins in the coming days as the correction is not officially over, needing a wave d and e to complete. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FHAiBl5Sv%2F&t=665&c=FE6qun5-hO5WBw)
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oda.krell
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October 08, 2014, 12:09:08 PM |
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BINGO. this legit ew count is unfolding and makes perfect sense. IV waves reside in the iv wave of one lower fractal, below 446 in this case. Iv waves tend to be triangles too. this is a great count. I am expecting $260 coins in the coming days as the correction is not officially over, needing a wave d and e to complete. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FHAiBl5Sv%2F&t=665&c=FE6qun5-hO5WBw) Makes sense, but I doubt it's the right one. By your count, ~350 is the top of the retracement from the $275 bottom. I expect more from it, $360, $380, maybe more, based on volume mainly. What happens afterwards remains to be seen, although I'm also leaning towards another test of 2xx eventually. Let's come back to it in a week :)
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chessnut (OP)
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October 08, 2014, 12:18:28 PM |
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Makes sense, but I doubt it's the right one. By your count, ~350 is the top of the retracement from the $275 bottom. I expect more from it, $360, $380, maybe more, based on volume mainly. What happens afterwards remains to be seen, although I'm also leaning towards another test of 2xx eventually. Let's come back to it in a week ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) from an ew perspective, it makes so much sense. 360-380 could not be explained, passing into the territory of wave i. so far we have only unfolded in 3's, thats entirely what triangles are made of. wave iv's tend to be triangles, and reside in the territory of wave iv. Ill say no more, but definitely ill be watching over the week.
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600watt
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October 08, 2014, 12:19:47 PM |
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Will the 20000 bitcoin bitstamp sell order at $300 throw your calculations off a bit?
NO. care to elaborate? Panic selling always pushes the price as far as it can go, you can count on it that we are at tough support here. count how many bitcoins have been sold over the down trend. A small order like 20k bitcoin is easily absorbed over the exchanges. I respect your attempt to find order in the chaos, but you can't account for the human element in your equation. At the time of this writing, a very serious vulnerability has been discovered in bitcoin. this attack is known at the FRONT attack, i posted a thread about it earlier. Its going around on the mailing lists. The attack is of minor concern, as it would require alot of money/bitcoin to exploit and freeze the network, but its very real, and very much going to be a factor into the bitcoin price over the next few months. Entities like NSA and Terrorist groups probably have the resources to exploit this attack vector, if they so choose. u seriously imagine "terrorist groups" would rather spend thier money to attack a virtual currency (which is no threat to them) in the interweb rather than buy arms for the cause ? imagine a terrorist leader tryin to convince his fellow fuckers of this new strategy-- ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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kryptopojken
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October 08, 2014, 04:01:58 PM |
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False breakout or...?
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zby
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October 08, 2014, 07:31:34 PM Last edit: October 08, 2014, 08:27:17 PM by zby |
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BINGO. this legit ew count is unfolding and makes perfect sense. IV waves reside in the iv wave of one lower fractal, below 446 in this case. Iv waves tend to be triangles too. this is a great count. I am expecting $260 coins in the coming days as the correction is not officially over, needing a wave d and e to complete. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FHAiBl5Sv%2F&t=665&c=FE6qun5-hO5WBw) Everyone now sees huge down waves (and me too - I must admit) - but now I think that after such big volume we'll have a little bit of breathing time and this should also mean some climbing. I think this must have been a fifth wave of a significant degree. Someone clearly thinks that 350-360 is the top and adds walls - but they get eaten just like the one at 300 was.
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chessnut (OP)
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October 08, 2014, 08:00:34 PM |
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False breakout or...?
..... It looks like a iv rising wedge, the impulsive behaviour is diverging which is not consistent with a hypothetical wave iii breakout. the price must stay under 360, and should not register any further highs before wave v comes. If we break a new high today above 354 then I would say yes breakout and buy.
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Odalv
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October 08, 2014, 10:23:41 PM |
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False breakout or...?
..... It looks like a iv rising wedge, the impulsive behaviour is diverging which is not consistent with a hypothetical wave iii breakout. the price must stay under 360, and should not register any further highs before wave v comes. If we break a new high today above 354 then I would say yes breakout and buy. $355 now :-)
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kryptopojken
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October 08, 2014, 10:25:15 PM |
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False breakout or...?
..... It looks like a iv rising wedge, the impulsive behaviour is diverging which is not consistent with a hypothetical wave iii breakout. the price must stay under 360, and should not register any further highs before wave v comes. If we break a new high today above 354 then I would say yes breakout and buy. Great thoughts, let's see what happens. Keep up the good work!
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bl4kjaguar
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October 09, 2014, 09:02:28 AM |
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False breakout or...?
..... It looks like a iv rising wedge, the impulsive behaviour is diverging which is not consistent with a hypothetical wave iii breakout. the price must stay under 360, and should not register any further highs before wave v comes. If we break a new high today above 354 then I would say yes breakout and buy. Stunning accuracy; amazing! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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1CuUwTT21yZmZvNmmYYhsiVocczmAomSVa
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farfiman
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October 09, 2014, 09:24:02 AM |
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False breakout or...?
..... It looks like a iv rising wedge, the impulsive behaviour is diverging which is not consistent with a hypothetical wave iii breakout. the price must stay under 360, and should not register any further highs before wave v comes. If we break a new high today above 354 then I would say yes breakout and buy. Stunning accuracy; amazing! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Graph after graph showing a fall to 260-280 stunning accuracy.
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"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians." Martin Armstrong
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bl4kjaguar
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2014, 09:29:32 AM |
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False breakout or...?
..... It looks like a iv rising wedge, the impulsive behaviour is diverging which is not consistent with a hypothetical wave iii breakout. the price must stay under 360, and should not register any further highs before wave v comes. If we break a new high today above 354 then I would say yes breakout and buy. Stunning accuracy; amazing! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Graph after graph showing a fall to 260-280 stunning accuracy. Markets always change; if you go with his last prediction, it was pretty good! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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1CuUwTT21yZmZvNmmYYhsiVocczmAomSVa
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juve4v
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October 09, 2014, 09:33:05 AM |
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False breakout or...?
..... It looks like a iv rising wedge, the impulsive behaviour is diverging which is not consistent with a hypothetical wave iii breakout. the price must stay under 360, and should not register any further highs before wave v comes. If we break a new high today above 354 then I would say yes breakout and buy. Stunning accuracy; amazing! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Graph after graph showing a fall to 260-280 stunning accuracy. +1 I call all this bullshit
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oda.krell
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October 09, 2014, 09:52:56 AM |
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Makes sense, but I doubt it's the right one. By your count, ~350 is the top of the retracement from the $275 bottom. I expect more from it, $360, $380, maybe more, based on volume mainly. What happens afterwards remains to be seen, although I'm also leaning towards another test of 2xx eventually. Let's come back to it in a week ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) from an ew perspective, it makes so much sense. 360-380 could not be explained, passing into the territory of wave i. so far we have only unfolded in 3's, thats entirely what triangles are made of. wave iv's tend to be triangles, and reside in the territory of wave iv. Ill say no more, but definitely ill be watching over the week. Welp. That took less than a week after all. ($370 top, so far.) New main count in order? P.S. Also, to separate myself from some of the more trollish posts in here: I don't question TA in general, or EW in particular. I was just skeptical about your count suggesting we'd top at around $350.
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Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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