Topic: Analysis - page 119. (Read 941582 times)

Looks good enough

In touch with my 7-8k prediction

Hello. Some fractals and extrapolation. Good bye.

https://bitcointalksearch.org/topic/stop-giving-your-cheap-btc-to-whales-thanks-to-wyckoff-1498855

here are some explanations about the last accumulation phase.

from: https://btctrading.wordpress.com/2016/06/12/long-term-update-static-resistance/


Long Term update: Static Resistance



This is a simple monthly chart since Jan.2012, important facts are:

- Accumulation zone #2 is above previous one, #1 in the chart
- The static resistance at $680 is also the 50% of the price swing from the all time high down to the 2015 bottom at ~$150

As i explained in past updates the midpoint or 50% it is one of the strongest and most important resistance/support level. The main trend is obviously up (at least so far) because the low around point 2 in the chart is above point 1 thus is legit to expect a new all time high if this market can break above the $680 static resistance.

Furthermore the fact that the two accumulation zones highlighted in the chart never overlap tell us that the underline long term trend is very strong and because of this i expect a new all time high in case of a strong breakout above $680.


Forecasting resistances



This is a template i use for long term analysis with metatrader 4 platform, first i compute a price regression with 12 or 24 bars/months with a monthly chart then i compute supports and resistances. Dotted lines represents supports/resistances using the recent volatility of XBTUSD, non-dotted lines are levels computed using twice the value of recent bitcoin volatility.

We are exactly at the resistance and this is very interesting because in 1-2 months we will see if bitcoin long term trend is still up or not.

I have taken in account the log-normal distribution of price otherwise i’d have had very bad results in computing the levels, usually it is not required but when prices movements are so high you have to. What does it mean? It’s simple, before doing any calculation first compute the natural log of the price, do your stuff and last reexponentiate the data to have back the price chart with a linear scale.

This is why i do not recommend to use standard bollinger bands with bitcoin on a long term chart, you would have bad results, sometimes with the lower bollinger band going negative! clearly unrealistic.


~LUCIF I SUMMON YOU! COME AND HOLD OUR HANDS IN THE REKKAGE OF THE ATH!

Don't know nothing about TA, but thought I'd give the masters thread a bump.

Let's hope this is the multi year...

Dave... Dave... Dave...
Don't you pay attention? Of course not... You are a troll! The context is right there in the post you quoted but managed to snip out to make your case seem more justified. This post https://bitcointalksearch.org/topic/m.12462173 contains a quote from this post https://bitcointalksearch.org/topic/m.11887151 which was posted earlier in July and has a target of what's that? Around 600 or so? No shit!
Since you bulls were weak little sissy girls (still are, really), I made that white chart as a sort of "Right now" outlook if the larger B never came to fruition and that $315 high was all you could muster. Now it is FINALLY materializing, and my outlook still isn't changing. My view remains that this is still the same suckers rally in a larger bear market. Now, it may not get to $73, but it will go down again. When it does, do I get to scour your post history for "great" calls? Nah, I wouldn't do that. I'm bigger than that and have more productive things to do with my time.

We'll see who has the last laugh though.
Don't claim victory in a battle you haven't yet won.

The bad analisis and the Reality......

because it won't happen


sure

because it won't happen

Ryn, what makes you think this run won't pass the old ATH?

That's all I'm asking

This looks much better! You are such a bull.

That is a path, not a target. I can only begin to find a target for that point after the rise completes. And that would still only be a preliminary target. The thing is is that as the rise gets higher, the higher that target gets.

I removed the arrow pointing down.


Now it's less threatening.   

No one with a brain is calling you a troll, Ryn.

But it's hard to imagine bitcoin at around ~100$ in 2018.

LOL that is about as bullish as I am. smh
It's true that all you have to do is draw arrows pointing up and everyone will suck your balls. What he isn't showing is the arrow pointing down when his count completes in the area of 685-720 which (OMG!1!), is the same area I have in the charts I've posted recently and everyone calls me a troll...



Too funny...

Even DanV is bullish, as of 3 hours ago.

https://www.tradingview.com/chart/BTCUSD/DlxDNrQ6-Bitcoin-In-Double-Zigzag-Correction-Bullish-Bias/

FTFY.

Funny how things can change in just two weeks.

... and this?