Analysis - page 168. | Bitcointalksearch.org

hdbuck

legendary

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Quote from: wpalczynski on August 17, 2015, 10:44:02 AM

Quote from: thefiniteidea on August 17, 2015, 10:42:19 AM

With the prospect of a hard fork and this lack of consensus around MBS, I think it's safe to say that we will see a lot of negative price pressure from people going to safety... at least until there's a clear winner. I for one do not want to be heavily invested while this goes on, but the volatility could make for good trading.

With this in mind, the current support at $255 doesn't seem so strong to me. Even the support at $200 seems weak under the circumstances.

These squabbles and the uncertainty have likely already been priced in for a while.

no, im sure USGavin and Googlhearn could extent some more price pressure so sheeples all flock to their altcoin just because of all the FUD they spread. - bitcoin crashing.. we need a fork! kinda bs.

freakin unbelievable those USG titty suckers.

wpalczynski

legendary

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Quote from: thefiniteidea on August 17, 2015, 10:42:19 AM

With the prospect of a hard fork and this lack of consensus around MBS, I think it's safe to say that we will see a lot of negative price pressure from people going to safety... at least until there's a clear winner. I for one do not want to be heavily invested while this goes on, but the volatility could make for good trading.

With this in mind, the current support at $255 doesn't seem so strong to me. Even the support at $200 seems weak under the circumstances.

These squabbles and the uncertainty have likely already been priced in for a while.

thefiniteidea

hero member

Activity: 509

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"In Us We Trust"

With the prospect of a hard fork and this lack of consensus around MBS, I think it's safe to say that we will see a lot of negative price pressure from people going to safety... at least until there's a clear winner. I for one do not want to be heavily invested while this goes on, but the volatility could make for good trading.

With this in mind, the current support at $255 doesn't seem so strong to me. Even the support at $200 seems weak under the circumstances.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: cbeast on August 16, 2015, 04:19:00 AM

Quote from: ElectricMucus on August 15, 2015, 08:08:06 PM

Quote from: bucktotal on August 15, 2015, 07:55:49 PM

Quote from: Afrikoin on August 15, 2015, 07:29:37 PM

Stay ahead of the crowd, that's what i'm seeing. If they see C& H, look again, for something else

inverse head and shoulders ?

Dead cat bounce?!?!?

Except the cat's been dead for 6 1/2 years.

New term coined: DEAD BITCOIN BOUNCE lol

cbeast

donator

Activity: 1736

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Let's talk governance, lipstick, and pigs.

Quote from: ElectricMucus on August 15, 2015, 08:08:06 PM

Quote from: bucktotal on August 15, 2015, 07:55:49 PM

Quote from: Afrikoin on August 15, 2015, 07:29:37 PM

Stay ahead of the crowd, that's what i'm seeing. If they see C& H, look again, for something else

inverse head and shoulders ?

Dead cat bounce?!?!?

Except the cat's been dead for 6 1/2 years.

masterluc

legendary

Activity: 938

Merit: 1013

Critical support area reached.

5months vwap, from beggining of "cup"

-1 stddev from 2 months vwap, from cup bottom, wedge bottom

62% fib from cup bottom to cup high

Rising trend line from $157 low.

Weekly 20 sma

molecular

donator

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Quote from: ImI on August 15, 2015, 08:26:01 PM

with this forking-mess we could easily break 255$

yeah, possible.

I'm thinking this blocksize debate mess could be a catalyst similar to silkroad bust: The uncertainty is holding back investment. If cleared to the positive (let's say 75% of miners do switch to xt) early next year the uncertainty is removed and with the halving just around the corner in addition, things could get hot fast.

ImI

legendary

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with this forking-mess we could easily break 255$

RyNinDaCleM

legendary

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Legen -wait for it- dary

Quote from: bucktotal on August 15, 2015, 07:55:49 PM

Quote from: Afrikoin on August 15, 2015, 07:29:37 PM

Stay ahead of the crowd, that's what i'm seeing. If they see C& H, look again, for something else

inverse head and shoulders ?

There was no LL for the head. Unless you mean the $166 low, in which case, I say it can't be that either because it would be so overly lopsided that only Quasimodo could appreciate such a formation.

I'm not a proponent for the C&H. It's one of those patterns that can only be confirmed once it completes, and it's pointless by that time (same with H&S). If you see it early and trade by it and win, good for you, but I never take position based on these types of patterns. They aren't consistent enough.

Quote from: ElectricMucus on August 15, 2015, 08:08:06 PM

Dead cat bounce?!?!?

Now that... My sig says where I stand on this Bull market everyone thinks we're in.

ElectricMucus

legendary

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Marketing manager - GO MP

Quote from: bucktotal on August 15, 2015, 07:55:49 PM

Quote from: Afrikoin on August 15, 2015, 07:29:37 PM

Stay ahead of the crowd, that's what i'm seeing. If they see C& H, look again, for something else

inverse head and shoulders ?

Dead cat bounce?!?!?

bucktotal

full member

Activity: 232

Merit: 100

Quote from: Afrikoin on August 15, 2015, 07:29:37 PM

Stay ahead of the crowd, that's what i'm seeing. If they see C& H, look again, for something else

inverse head and shoulders ?

Afrikoin

legendary

Activity: 1540

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alan watts is all you need

Cup and handle? maybe. Perhaps not the wisest choice of patterns to hold your breath for.

In my opinion, if you see a pattern, that 90% of the market sees, don't count on it, look for other indicators and just push it to the back of your mind. The whole market knew about this C&H thing, most times, when everyone is expecting something similar to happen, A.) it doesn't happen or B.) It will deform so as to shake most off it and catch the market off guard. Else, we wouldn't be here if it was all about spotting a pattern and waiting for it to unfold.

Stay ahead of the crowd, that's what i'm seeing. If they see C& H, look again, for something else

bassclef

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I think it's important not to get wrapped up in the specific shapes and minutiae of chart patterns. What they represent and their context in the larger market cycle is more important.

A cup & handle is simply a U-shaped accumulation range. A shallow correction occurs (the handle) at the top resistance on lower volume, then the price continues its upward momentum which was built up within the accumulation.

As long as the price stays above the 200 day MA we are safe. Considering the market's recent hardening of support at and above that level by the guys who did the accumulating, higher prices from this point forward is probably a good bet.

molecular

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Quote from: illyiller on August 14, 2015, 03:14:54 PM

Is the cup-and-handle still in play, or was that invalidated? I scrolled back a few pages, but may have missed it.

I stopped out when we broke $276 on Bitfinex..... now just waiting to get back in. I'm still bullish on the longer term, but wondering if we might be forming a range in the mid term, rather than going full on bull.

I think it's still in play. The 20 days (lucif threw around) is exceeded, but the 50% max retract (from textbook) is not.

It's quite possible the cup & handle wont play out (handle is pretty prolonged already and if we don't see rising price and volume soon or even drag lower, the pattern is dead) and I have a feeling masterlucs prediction of long "silence phase" could play out... accumulation!

Natalia_AnatolioPAMM

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Thanks for sharing.

masterluc

legendary

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2013's cup and handle was uglier.

Anyway, I see trend continuation hints mentioned above, so probably yes, it is active.

The worst case i expect (so far according to indicators) is sideways moves 200-300 for a long time. However we are in 200-300 range so long (YTD) already.

illyiller

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Activity: 697

Merit: 520

Quote from: Wexlike on August 14, 2015, 05:50:25 PM

Quote from: illyiller on August 14, 2015, 03:14:54 PM

Is the cup-and-handle still in play, or was that invalidated? I scrolled back a few pages, but may have missed it.

I stopped out when we broke $276 on Bitfinex..... now just waiting to get back in. I'm still bullish on the longer term, but wondering if we might be forming a range in the mid term, rather than going full on bull.

I don't think so. The most creative way to put a cup and handle is this imo:

(and it doesn't really look like a cup and handle anymore)

Hmm, it's not a pattern I look at often. The only time, really, was prior to the late 2013 bull run. But it does look like a cup and handle to me. I recall reading (somewhere, could be wrong) that > 50% retracement of the right side of the cup invalidates it, or makes it less likely to play out. We've done that..... hence my question.

Wexlike

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Quote from: illyiller on August 14, 2015, 03:14:54 PM

Is the cup-and-handle still in play, or was that invalidated? I scrolled back a few pages, but may have missed it.

I stopped out when we broke $276 on Bitfinex..... now just waiting to get back in. I'm still bullish on the longer term, but wondering if we might be forming a range in the mid term, rather than going full on bull.

I don't think so. The most creative way to put a cup and handle is this imo:

(and it doesn't really look like a cup and handle anymore)

illyiller

hero member

Activity: 697

Merit: 520

Is the cup-and-handle still in play, or was that invalidated? I scrolled back a few pages, but may have missed it.

I stopped out when we broke $276 on Bitfinex..... now just waiting to get back in. I'm still bullish on the longer term, but wondering if we might be forming a range in the mid term, rather than going full on bull.

masterluc

legendary

Activity: 938

Merit: 1013

The same trend line in log scale resides almost below price now

Topic: Analysis - page 168. (Read 941563 times)