chessnut (OP)
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December 17, 2014, 01:11:47 AM |
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I have not forgotten the thread. There are counts brewing, we will ride the next bubble. The current conditions are no good for EW though.
There is a chance that we will drift down to 250 as an ending diagonal wave V unfolds. This will be really unfriendly and untradable, but will precede a great long opportunity.
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podyx
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December 17, 2014, 01:55:19 AM |
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You're confident that we'll see another bubble? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) If we would reach over $5k in 2015, that would to me, imply that bitcoin is here to stay. It has bled so much now that smaller price action is needed to feel comfortable IMO
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chessnut (OP)
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December 17, 2014, 07:22:39 AM |
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You're confident that we'll see another bubble? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) If we would reach over $5k in 2015, that would to me, imply that bitcoin is here to stay. It has bled so much now that smaller price action is needed to feel comfortable IMO yep we will likely see another bubble. it may struggle to reach $5000, it may even fail under $1000, but another bubble towards $1000 is highly probable in EW terms.
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Afrikoin
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alan watts is all you need
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December 17, 2014, 10:03:50 AM |
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Is there sometning wrong, because there are no updates anymore?
Or... EW doesn't work ....
I've made more money with EW than anyone ever has with a 3d MACD ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) BTW, how is that working out for ya? It's looking pretty grim for your strategy, now :/ Just remember my post in your thread EW works alright. Like Ryan said, his posts from a while back. I was expecting this dip (now 323).
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▄▄▄██████▄▄▄ ▄██████████████████▄ ▄████████████████████████▄ ▄▄ ▄████████████████████████████▄ ███████████████████████████████████▄ ▀▀█████████████████████████████████▄ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ▀████████████████████████████████▀ ▀██████████████████████████████▀ ▀▀██████████████████████████▀ ▀██████████████████████▀ ▀▀▀████████████▀▀▀ | .
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prophetx
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he who has the gold makes the rules
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December 17, 2014, 09:05:00 PM |
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Is there sometning wrong, because there are no updates anymore?
Or... EW doesn't work ....
I've made more money with EW than anyone ever has with a 3d MACD ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) BTW, how is that working out for ya? It's looking pretty grim for your strategy, now :/ Just remember my post in your thread EW works alright. Like Ryan said, his posts from a while back. I was expecting this dip (now 323). yea i'm just waiting for this puppy to crap red candles all over people's screens and hit prices people never thought would be reached. then i will wait a bit more, then start dipping my toes in the water i'm thinking sub 200s would get a lot of people's attention ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) the markets show no mercy...
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chessnut (OP)
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December 18, 2014, 10:58:37 AM |
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this seems to be wave V unfolding as an ending diagonal. Ending diagonals unfold in threes when wave iii has gone too far too fast, as the market lacks the energy to unfold in five impulsive waves. Wave iii did extended 2.8x wave i, overshooting the fib target by a fair amount. This is why we have been drifting so frustratingly sideways and now downwards.
We have now seen the worst of wave V of (C), and I am expecting a volatile and range bound market. We will see lower lows in the case of wave V, but they will be limited and difficult to profit from. It should last a month, maybe two at a stretch.
Wave V will be immediately clear in retrospect. This will be very useful to us, as it will offer a clear cut buy signal. This will be a very special signal as it will be the first that I can say with confidence that I expect to be the bottom. Until then, take care.
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DieJohnny
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December 18, 2014, 01:54:48 PM |
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Is there sometning wrong, because there are no updates anymore?
Or... EW doesn't work ....
I've made more money with EW than anyone ever has with a 3d MACD ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) BTW, how is that working out for ya? It's looking pretty grim for your strategy, now :/ Just remember my post in your thread EW works alright. Like Ryan said, his posts from a while back. I was expecting this dip (now 323). yea i'm just waiting for this puppy to crap red candles all over people's screens and hit prices people never thought would be reached. then i will wait a bit more, then start dipping my toes in the water i'm thinking sub 200s would get a lot of people's attention ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) the markets show no mercy... I do wonder what true bottom would be. Bitcoin because of its virtual nature has a bottom that is far below what people realize. I think this drop will be the drop that in 5 years will help people realize that Bitcoin is never going to die regardless of what you think it is worth. This is the drop that creates trust believe it or not. Because it will not die not matter how low it goes and it will not go away. I think it can go below $100 though, or even $50. True usage simply isn't outpacing the people wanting to sell simple as that.
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Those who hold and those who are without property have ever formed distinct interests in society
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sniveling
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December 18, 2014, 02:03:48 PM |
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It went down 16x after it hit $32 and if it falls by that amount this time the bottom would be $75, which seems totally unbelievable right now. I thought $270 was the bottom and I'm shocked we have almost hit $300 again.
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BitCoinNutJob
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December 18, 2014, 03:52:21 PM |
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It went down 16x after it hit $32 and if it falls by that amount this time the bottom would be $75, which seems totally unbelievable right now. I thought $270 was the bottom and I'm shocked we have almost hit $300 again.
16x with mtgox in total control of the market remember, we dont know what games they were up to. $75 would mean its basically dead, same as zero.
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sniveling
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December 18, 2014, 04:14:24 PM |
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It went down 16x after it hit $32 and if it falls by that amount this time the bottom would be $75, which seems totally unbelievable right now. I thought $270 was the bottom and I'm shocked we have almost hit $300 again.
16x with mtgox in total control of the market remember, we dont know what games they were up to. $75 would mean its basically dead, same as zero. I was not into crypto that long ago. So it was all down to fat Mr Karples then?
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BitCoinNutJob
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December 19, 2014, 02:40:20 PM |
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It went down 16x after it hit $32 and if it falls by that amount this time the bottom would be $75, which seems totally unbelievable right now. I thought $270 was the bottom and I'm shocked we have almost hit $300 again.
16x with mtgox in total control of the market remember, we dont know what games they were up to. $75 would mean its basically dead, same as zero. I was not into crypto that long ago. So it was all down to fat Mr Karples then? i wasnt in crypto on that drop but do you remember the $266 - $50 drop and the shutting down gox right after for market cool down? lol
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Trolololo
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December 21, 2014, 12:12:38 PM |
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(...) looked again at the short term charts. What was I looking for? Elliott Waves in waves of 5 going up. As you may know, their return (after a very long absence) will signal that the market has turned – i.e., the bear has died. Happily, I see 5 waves up growing like mushrooms after a summer rain, on the 5 & 15-minute charts. (...) https://www.cryptocoinsnews.com/bitcoin-price-bull-market-has-begun/
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RyNinDaCleM
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Legen -wait for it- dary
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December 21, 2014, 02:55:43 PM |
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(...) looked again at the short term charts. What was I looking for? Elliott Waves in waves of 5 going up. As you may know, their return (after a very long absence) will signal that the market has turned – i.e., the bear has died. Happily, I see 5 waves up growing like mushrooms after a summer rain, on the 5 & 15-minute charts. (...) https://www.cryptocoinsnews.com/bitcoin-price-bull-market-has-begun/There is no context (dates or time) of where those waves started. After the first bounce, likely, which means it's not impulsive and is a reason why the first "5 waver" on the left is invalid due to overlap.
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podyx
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December 21, 2014, 02:58:31 PM |
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(...) looked again at the short term charts. What was I looking for? Elliott Waves in waves of 5 going up. As you may know, their return (after a very long absence) will signal that the market has turned – i.e., the bear has died. Happily, I see 5 waves up growing like mushrooms after a summer rain, on the 5 & 15-minute charts. (...) https://www.cryptocoinsnews.com/bitcoin-price-bull-market-has-begun/There is no context (dates or time) of where those waves started. After the first bounce, likely, which means it's not impulsive and is a reason why the first "5 waver" on the left is invalid due to overlap. 19 dec 7:00
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RyNinDaCleM
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Legen -wait for it- dary
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December 21, 2014, 04:06:12 PM |
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(...) looked again at the short term charts. What was I looking for? Elliott Waves in waves of 5 going up. As you may know, their return (after a very long absence) will signal that the market has turned – i.e., the bear has died. Happily, I see 5 waves up growing like mushrooms after a summer rain, on the 5 & 15-minute charts. (...) https://www.cryptocoinsnews.com/bitcoin-price-bull-market-has-begun/There is no context (dates or time) of where those waves started. After the first bounce, likely, which means it's not impulsive and is a reason why the first "5 waver" on the left is invalid due to overlap. 19 dec 7:00 After the first bounce in the box... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F9tAxf94.png&t=665&c=lDakn9AXxNG8rQ)
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podyx
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December 21, 2014, 04:11:38 PM |
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After the first bounce in the box... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F9tAxf94.png&t=665&c=lDakn9AXxNG8rQ) yup , after the box
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RyNinDaCleM
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December 21, 2014, 04:46:58 PM Last edit: December 21, 2014, 05:12:41 PM by RyNinDaCleM |
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After the first bounce in the box... img..
yup , after the box Arbitrary starting point cannot be trusted. Even if it goes as he says, it's not because of his counting. I see so much of this on tradingview and in here. People see what they want to see and ignore the data that contradicts their biased view. It is possible that the rise we have seen is only an A of a larger ABC, but it's not impulsive right now. There is far too much overlap in this whole rise to say it's anything other than a corrective bounce with the data that is available.
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chessnut (OP)
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December 21, 2014, 07:24:36 PM |
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So much talk about a new bull run beginning ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Ive seen online articles published about this little movement from 1870. There is nothing substantial to support this. I am still expecting us to wander in zig zags for a month or so to form an ending diagonal. Bad trading environment. Its gonna suck. Id like to leave you all with this video I find relevant to the thread. See how although the particles of the system are sometimes hopelessly out of phase, they never fail to find a common denominator given time. https://www.youtube.com/watch?v=yVkdfJ9PkRQ
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Tzupy
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December 21, 2014, 07:44:48 PM |
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So much talk about a new bull run beginning ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Ive seen online articles published about this little movement from 1870. There is nothing substantial to support this. I am still expecting us to wander in zig zags for a month or so to form an ending diagonal. Bad trading environment. Its gonna suck. Id like to leave you all with this video I find relevant to the thread. See how although the particles of the system are sometimes hopelessly out of phase, they never fail to find a common denominator given time. https://www.youtube.com/watch?v=yVkdfJ9PkRQBy my most probable counts, two weeks from now it should be clear where the market is going. If there will be a slow uptrend, eventually breaking resistance at 365$, in which case 275$ was THE bottom, or there will be a slow downtrend which will accelerate about two weeks from now and crash probably below 200$.
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Sometimes, if it looks too bullish, it's actually bearish
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prophetx
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December 21, 2014, 08:17:08 PM |
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So much talk about a new bull run beginning ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Ive seen online articles published about this little movement from 1870. There is nothing substantial to support this. I am still expecting us to wander in zig zags for a month or so to form an ending diagonal. Bad trading environment. Its gonna suck. Id like to leave you all with this video I find relevant to the thread. See how although the particles of the system are sometimes hopelessly out of phase, they never fail to find a common denominator given time. https://www.youtube.com/watch?v=yVkdfJ9PkRQBy my most probable counts, two weeks from now it should be clear where the market is going. If there will be a slow uptrend, eventually breaking resistance at 365$, in which case 275$ was THE bottom, or there will be a slow downtrend which will accelerate about two weeks from now and crash probably below 200$. perhaps or it could hobble along until it gets closer to the halving and the side chain and tree chain stuff comes along
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