Analysis - page 144. | Bitcointalksearch.org

Afrikoin

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alan watts is all you need

Quote from: BTCtrader71 on October 16, 2015, 03:52:57 PM

Quote from: BTCtrader71 on October 16, 2015, 03:42:45 PM

Could we be on the upswing of the second shoulder of a head and shoulders pattern spanning most of 2015?

First shoulder peaked at about $300 in early March 2015.

Head peaked at about $312 in July 2015.

Expectation of peak of second shoulder at around $300 in November.

[reading investopedia ...]

Or perhaps an inverse head and shoulders marking the reversal of the downtrend from $1200.

Shoulder #1 trough either $170 in january 2015, or $212 in February.

Head trough around $220 somewhere in april-may-june.

Shoulder #2 trough in the 190s in august.

Either way we would be on target for about $300 in another month or so. If an inverse head and shoulders, then we begin the trip to da moon.

EDIT: By the above inverse head and shoulders interpretation, the head would be smaller than the shoulders which I know is not how it's supposed to be. But not every pattern is a perfect pattern, right?

Explain using charts.

BTCtrader71

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Quote from: BTCtrader71 on October 16, 2015, 03:42:45 PM

Could we be on the upswing of the second shoulder of a head and shoulders pattern spanning most of 2015?

First shoulder peaked at about $300 in early March 2015.

Head peaked at about $312 in July 2015.

Expectation of peak of second shoulder at around $300 in November.

[reading investopedia ...]

Or perhaps an inverse head and shoulders marking the reversal of the downtrend from $1200.

Shoulder #1 trough either $170 in january 2015, or $212 in February.

Head trough around $220 somewhere in april-may-june.

Shoulder #2 trough in the 190s in august.

Either way we would be on target for about $300 in another month or so. If an inverse head and shoulders, then we begin the trip to da moon.

EDIT: By the above inverse head and shoulders interpretation, the head would be smaller than the shoulders which I know is not how it's supposed to be. But not every pattern is a perfect pattern, right?

Dilla

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3rd time's the charm?
Let's hope we break the cycle and push through $300

BTCtrader71

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Could we be on the upswing of the second shoulder of a head and shoulders pattern spanning most of 2015?

First shoulder peaked at about $300 in early March 2015.

Head peaked at about $312 in July 2015.

Expectation of peak of second shoulder at around $300 in November.

(I posted this same comment just now in chessnut's thread - these are the two threads that I find the most useful in terms of learning EW. My apologies if this is considered bad etiquette Roll Eyes

.)

gotmilk_

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I'm a bit worried because RSI is in highly in overbought area. It is close to overbought even on daily. So maybe a small correction could be in place?

klee

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Very cool stuff as always!

I agree with 270s and I also see a top (if really bullish) around 330 as you depict in the main near-horizontal trend line.

After that, no clue from me...

masterluc

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Some status reports.

The main near-horizontal trend line. Not even in middle.

Yearly wvap and deviations. Price dancing around wvap

Weekly picture. Healthy enough - bullish reversal candle + return to positive BB + MACD bullish hook.

Major bearish log trend. Broken. Retested. Escaped.

PnF - nothing interesting, except the whole YTD fits into this small eclipse lol (low volatility)

oda.krell

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Quote from: Fatman3001 on October 16, 2015, 07:27:57 AM

thx luc,

if only this forum had a like button...

It sort of does, but even better actually Tongue

Fatman3001

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Make Bitcoin glow with ENIAC

thx luc,

if only this forum had a like button...

masterluc

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Notice that $270 would be only 61.8% retracement of recent plunge from 318 to 198 and almost 100% of first bounce 198 - 245. So currently nothing exceptional in this rise until ~270 will not be terminal.

If price will continue to rise above 270, this will be interesting.

Afrikoin

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alan watts is all you need

Quote from: Fatman3001 on October 11, 2015, 04:06:06 PM

Quote from: fortif78 on October 11, 2015, 03:40:06 PM

Quote from: Fatman3001 on October 11, 2015, 02:47:50 PM

Quote from: Afrikoin on October 11, 2015, 02:24:37 PM

Quote from: masterluc on October 11, 2015, 10:13:47 AM

Dancing around daily 200 sma, which is almost horizontal. I will not be surprised if move around will continue after break up instead of shooting up/down.

makes sense. more so since this zone $ 265 - $275 is significant resistance.

If i was a whale looking to pull in more bulls, that is a nice zone to haul in a herd of them, before shooting down, surprise, surprise

And watch them drop to $230. But at what cost? And risk? P&D is getting expensive in Bitcoinland.

Uh, wut?
Price movement isn't constantly synonymous with either a pump or a dump. This is a market playing itself out, every move up or down isn't orchestrated by a band of deep pockets artificially raising or dropping the price.

I'm sorry if I read him wrong, but I thought that was what he meant.

yes, i that is what i meant, as a dig at people who attribute 'whales' for market cycles.

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: fortif78 on October 11, 2015, 03:40:06 PM

Quote from: Fatman3001 on October 11, 2015, 02:47:50 PM

Quote from: Afrikoin on October 11, 2015, 02:24:37 PM

Quote from: masterluc on October 11, 2015, 10:13:47 AM

Dancing around daily 200 sma, which is almost horizontal. I will not be surprised if move around will continue after break up instead of shooting up/down.

makes sense. more so since this zone $ 265 - $275 is significant resistance.

If i was a whale looking to pull in more bulls, that is a nice zone to haul in a herd of them, before shooting down, surprise, surprise

And watch them drop to $230. But at what cost? And risk? P&D is getting expensive in Bitcoinland.

Uh, wut?
Price movement isn't constantly synonymous with either a pump or a dump. This is a market playing itself out, every move up or down isn't orchestrated by a band of deep pockets artificially raising or dropping the price.

I'm sorry if I read him wrong, but I thought that was what he meant.

Afrikoin

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alan watts is all you need

Quote from: podyx on October 11, 2015, 03:54:29 PM

Quote from: masterluc on October 11, 2015, 10:13:47 AM

Dancing around daily 200 sma, which is almost horizontal. I will not be surprised if move around will continue after break up instead of shooting up/down.

img]https://i.imgur.com/FJD1kiv.png[/img]

Can anyone decipher this for me? Grin

Are you saying you think we'll go continue to go sideways after a slight break up?

sideways. +/-

podyx

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Quote from: masterluc on October 11, 2015, 10:13:47 AM

Dancing around daily 200 sma, which is almost horizontal. I will not be surprised if move around will continue after break up instead of shooting up/down.

img]https://i.imgur.com/FJD1kiv.png[/img]

Can anyone decipher this for me? Grin

Are you saying you think we'll go continue to go sideways after a slight break up?

fortif78

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Quote from: Fatman3001 on October 11, 2015, 02:47:50 PM

Quote from: Afrikoin on October 11, 2015, 02:24:37 PM

Quote from: masterluc on October 11, 2015, 10:13:47 AM

And watch them drop to $230. But at what cost? And risk? P&D is getting expensive in Bitcoinland.

Uh, wut?
Price movement isn't constantly synonymous with either a pump or a dump. This is a market playing itself out, every move up or down isn't orchestrated by a band of deep pockets artificially raising or dropping the price.

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: Afrikoin on October 11, 2015, 02:24:37 PM

Quote from: masterluc on October 11, 2015, 10:13:47 AM

Dancing around daily 200 sma, which is almost horizontal. I will not be surprised if move around will continue after break up instead of shooting up/down.

makes sense. more so since this zone $ 265 - $275 is significant resistance.

If i was a whale looking to pull in more bulls, that is a nice zone to haul in a herd of them, before shooting down, surprise, surprise

And watch them drop to $230. But at what cost? And risk? P&D is getting expensive in Bitcoinland.

Afrikoin

legendary

Activity: 1540

Merit: 1003

alan watts is all you need

Quote from: masterluc on October 11, 2015, 10:13:47 AM

Dancing around daily 200 sma, which is almost horizontal. I will not be surprised if move around will continue after break up instead of shooting up/down.

makes sense. more so since this zone $ 265 - $275 is significant resistance.

If i was a whale looking to pull in more bulls, that is a nice zone to haul in a herd of them, before shooting down, surprise, surprise

Fatman3001

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Make Bitcoin glow with ENIAC

thx luc, much appreciated

masterluc

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Dancing around daily 200 sma, which is almost horizontal. I will not be surprised if move around will continue after break up instead of shooting up/down.

Afrikoin

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alan watts is all you need

Quote from: Bassica on October 06, 2015, 01:17:08 PM

Quote from: masterluc on October 06, 2015, 10:19:49 AM

I will consider escape from range lock when price break up range lock Grin

I have no PC around, this is upper line of horizontal trend posted here many times. It's around $320

So until there I do yawn

Thanks.

What are the odds for us breaking 320 in the current rally, you'd say?

Is there anything you can say about a timeframe on that happening (if ever).

Also, any target for this pump? Will it be another classic buy the rumour, buy the news, sell the launch?

$ 270 max. No higher

Topic: Analysis - page 144. (Read 941567 times)