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Author Topic: I'm calling it: the bottom is in  (Read 2326 times)
Alonzo Ewing (OP)
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November 05, 2014, 04:51:41 AM
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RyNinDaCleM
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November 05, 2014, 05:07:10 AM
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Oohh....
inb4 crash to zero  Tongue

desticy
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November 05, 2014, 05:47:24 AM
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Another one more bottom  Grin

massimies
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November 05, 2014, 07:58:06 AM
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I'm definitely going to cut my looses now.  Kiss
devphp
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November 05, 2014, 10:17:54 AM
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The low from one month ago hasn't been tested for the second time yet, that's under $300. Only if that holds, then the bottom is in.
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November 05, 2014, 11:11:38 AM
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The low from one month ago hasn't been tested for the second time yet, that's under $300. Only if that holds, then the bottom is in.

Not necessarily, a double bottom on the right scale will do. To ensure that 275 was THE bottom the market has to break resistance at 420$ and push to about 470$.
Then it should be high enough that the corrections that will come will probably build a double bottom and not break major support.
Anyway, soon the 4h MACD should be crossing, so I'm expecting to see a bit of a pump later today.

Sometimes, if it looks too bullish, it's actually bearish
biggus dickus
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November 05, 2014, 11:17:30 AM
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I really hope the bottom is in, but I don't have TA skills so I can only guess.
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November 05, 2014, 11:27:03 AM
 #8

yes it seems like this
but to rise up it need to break some levels like
350$, 420$
if it breaks those levels successfully then yes it was a bottom else downside risk is always there
Skoupi
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November 05, 2014, 11:35:54 AM
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Although your analysis is thorough and complete i don't believe you because you didn't post even a single logarithmic chart with random hand drawn lines...  Roll Eyes
piramida
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November 05, 2014, 11:50:52 AM
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Although your analysis is thorough and complete i don't believe you because you didn't post even a single logarithmic chart with random hand drawn lines...  Roll Eyes

here you go. lower arbitratry line is exponential support - global minimums, higher arbitrary line is local minimums


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K128kevin2
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November 06, 2014, 01:46:48 AM
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Haha at least you are honest!
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November 06, 2014, 02:07:58 AM
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Bottom change log:

$450
$420
$350
$330
$280
....
xcapator
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November 09, 2014, 08:18:46 AM
 #13

Well... people who sell right at the bottom is in dispair. They then buy back right at the peak of a bubble. They never trade but they like to commentate, speculate and give financial advice to others lol..

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