Topic: Analysis - page 116. (Read 941567 times)
How about these futures markets, eh? Crazy ride right now... those Brits sure are causin' a bit of a ruckus :-)
But if yes, it would be a hammer/hanged
might become green also
I wonder how much the halving had to do with the run-up in price. Bitcoin investors know that if the price isn't at a certain level, Bitcoin's mining incentives are slightly compromised, thus so is bitcoin. And this being a highly speculative investment, perhaps these heavily invested groups are simply attempting to save the value of their large Bitcoin portfolio by investing more into it?
Makes sense on paper, probably what happened, but we'll never know for sure.
Also, I'm happy to see that you are commenting a little more, lucif
I am usually disengaged with Bitcoin in general when you're not around.
Makes sense on paper, probably what happened, but we'll never know for sure.
Also, I'm happy to see that you are commenting a little more, lucif
I am usually disengaged with Bitcoin in general when you're not around. 
Look at weekly chart. Red candle 2012-08-13
yeah, break out of this correction was 5 months later. Btw, there was a halving event inside that correction (not affected price at all).break out from $16-$7 into @256-$50 followed by wave $1152-$220 :-)
I'm expecting double wave $4,000(top1)-$1,000(bottom1)-$10,000(top2)-$3,000(bottom2)
I think there would be a series of me passing out if this happens. I wouldn't know how to cope with those waves!
Look at weekly chart. Red candle 2012-08-13
yeah, break out of this correction was 5 months later. Btw, there was a halving event inside that correction (not affected price at all).maybe the halving contributed to the correction?
Look at weekly chart. Red candle 2012-08-13
yeah, break out of this correction was 5 months later. Btw, there was a halving event inside that correction (not affected price at all).break out from $16-$7 into @256-$50 followed by wave $1152-$220 :-)
I'm expecting double wave $4,000(top1)-$1,000(bottom1)-$10,000(top2)-$3,000(bottom2)
Look at weekly chart. Red candle 2012-08-13
yeah, break out of this correction was 5 months later. Btw, there was a halving event inside that correction (not affected price at all). The selling pressure seems to have mostly dried up, and volume has remained consistently high. I do think this is just a correction.
70/30 chance of this started correction may take another 6-10 months. Need too see whether weekly candle hold above bb or not. But if yes, it would be a hammer/hanged (( Dump went too far.
Look at weekly chart. Red candle 2012-08-13
The selling pressure seems to have mostly dried up, and volume has remained consistently high. I do think this is just a correction.
70/30 chance of this started correction may take another 6-10 months. Need too see whether weekly candle hold above bb or not. But if yes, it would be a hammer/hanged (( Dump went too far.
As for short term, $570 should hold and give a nice bounce because of this. Anyway, this is not similar to short term rally continuation picture
It seems like you pretty well nailed that. It dropped to ~$560 and bounced to the $620s.
The selling pressure seems to have mostly dried up, and volume has remained consistently high. I do think this is just a correction.
Nobody knows if micro rally has ended or not. Let`s wait for some weeks. I think the rally will go on.
P.S. Welcome back master luc!
P.S. Welcome back master luc!
As for short term, $570 should hold and give a nice bounce because of this. Anyway, this is not similar to short term rally continuation picture
mg]https://www.tradingview.com/x/aoV08er8/[/img]
mg]https://www.tradingview.com/x/aoV08er8/[/img]
You're saying we will continue falling?
I'm going to follow this thread from now on. Seems that we are in the middle of a bull run after all. The long term trend is still showing signs of a good run in the coming years. And in the short term, since RSI has gone back to normal levels, I expect the price to rise again before it reaches overbought levels. I hope it was a good decision on my part to buy some at $560 a while ago.
Any thoughts about the future if price is dropping beneath that pretty green line?
€dit: ah, got it. The green line isnt the same as in the Picture above.
€dit: ah, got it. The green line isnt the same as in the Picture above.
If I see Bitcoin devs saving few ppl's money by ruining fundamental whitepaper laws - I immediately sell all of my BTC and go away.
That's the spirit
but i'd pretty much enjoy a eth ph0rk as vitalik was pushing for one in bitcoin. hehe.
As for ethereum. I think this moron Vitalik will bury the entire project if he applies censorship and break "irreversible" feature of blockchain in his dumb fork. This is very fucking dangerous precedent. They don't have idea what they doing. They try to save 3 mil ETH by cost of people trust to Ethereum.
If I see Bitcoin devs saving few ppl's money by ruining fundamental whitepaper laws - I immediately sell all of my BTC and go away.
If I see Bitcoin devs saving few ppl's money by ruining fundamental whitepaper laws - I immediately sell all of my BTC and go away.
As for short term, $570 should hold and give a nice bounce because of this. Anyway, this is not similar to short term rally continuation picture
Too sharp decline, went into negative d/bb zone, lower previous weekly candle low. Assume micro rally ended. Some correction expected till autumn-winter 2016.
The most logical ew picture looks like following for me. The supports could be found with trend lines, triangle appexes & fibos.
However I see a potential wave extension here. If so, we'll got a giant IV wave triangle here
Need to wait another year in this case, well. Both cases provide a giant multi year bullish head and shoulders pattern.
The most logical ew picture looks like following for me. The supports could be found with trend lines, triangle appexes & fibos.
However I see a potential wave extension here. If so, we'll got a giant IV wave triangle here
Need to wait another year in this case, well. Both cases provide a giant multi year bullish head and shoulders pattern.
May (just may) hold at 38.2% retrace from last swing low to swing high
Fib from the bottom is marked after wave 5, not wave 3 which most (everybody) assumes this is.
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