Analysis - page 17. | Bitcointalksearch.org

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: Wexlike on March 12, 2020, 06:10:08 AM

I won't doubt this fucker anymore. /facepalm

Hahaha.

Quote from: ?? on ??

Oh no the bullish halving narrative was just a trap Undecided

The halving might already be priced in. BUT, use the crash to buy the dip, and HODL. Every crash is a transfer of coins from weak hands to strong. Cool

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: ?? on ??

Quote from: marcus_of_augustus on March 12, 2020, 11:03:58 PM

It would take a weekly close under the 200 SMA ... still Friday the 13th for the cavalry to arrive.

Not sure if we can rely on any indicators now. The goal is IMO to make hodlers puke their coins before the next bull. How low and how long it will take is anybody's guess.

The market has always historically respected the 200-week MA. Holding below it will indicate something has changed.

I agree with you but if they take it too far, they are playing with fire. Overlapping into pre-2017 ranges and destroying the 10 year bullish structure isn't something the market is likely to easily recover from. Like Masterluc said, "the music will fade."

If the $3,850 low can hold, especially with a V-bottom, then the triangle scenario looks good. The proportions look great at the moment.

jadenunderhill

full member

Activity: 293

Merit: 109

Quote from: marcus_of_augustus on March 12, 2020, 11:03:58 PM

Quote from: jadenunderhill on March 12, 2020, 10:56:56 PM

Quote from: figmentofmyass on March 12, 2020, 03:42:50 PM

that was a $2500 drop today! this is what we get for writing off masterluc and his prophetic triangle eh? Shocked

he re-posted the idea on tradingview 8 hours ago with the following commentary:

Quote

Taking in mind this impressive fall I assume this is "surrender" phase and Bitcoin doomed now to rise to new highs.

My personal opinion - we'll never see such low numbers again, as price is at Weekly 200 SMA now.

But... If Weekly 200 SMA will be broken the music will fade...

https://www.tradingview.com/chart/BTCUSD/iNSP9waV-Historical-IV-almost-completed/

We are under 200 SMA

So, according to his idea, the music fades..

Now we are going to sub 1000

It would take a weekly close under the 200 SMA ... still Friday the 13th for the cavalry to arrive.

I think we all understand, that there will be no cavalry. All markets are in sellof stage.

Pseudo-Random

member

Activity: 80

Merit: 27

A dream that you had, about being a person.

What's happening is Crypto is Internet Tech.

It has become Wall St, and will rise & fall according to what the stock markets do.

Ever since ETF's, hedge funds & "institutional investor entities" got in a few years ago, that was it. It was no longer able to be something that goes up when the traditional finance markets go down.

Peter Schiff & Andreas Antonopoulos are correct. Bitcoin is a risk-on asset, for a long while now.

In fact even gold/silver struggle to really be risk-off, "honey badger" -type assets. Too much all-infiltrating financialization by Wall St.

Weapons, ammo, tools, vehicles, land, food, water, seeds, humans, animals, skills.

^Those are the true risk-off assets.

El duderino_

legendary

Activity: 2688

Merit: 13334

BTC + Crossfit, living life.

I'm curious where we actually are going at..... I'm not to much of a doom and gloom type and do thing some are trying to take advantage through the news, but still the corona hype got some real fear in many humans, hope it doesn't get the best of people in times where they should think things out and have a sober mind ....

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: jadenunderhill on March 12, 2020, 10:56:56 PM

Quote from: figmentofmyass on March 12, 2020, 03:42:50 PM

that was a $2500 drop today! this is what we get for writing off masterluc and his prophetic triangle eh? Shocked

he re-posted the idea on tradingview 8 hours ago with the following commentary:

Quote

Taking in mind this impressive fall I assume this is "surrender" phase and Bitcoin doomed now to rise to new highs.

My personal opinion - we'll never see such low numbers again, as price is at Weekly 200 SMA now.

But... If Weekly 200 SMA will be broken the music will fade...

https://www.tradingview.com/chart/BTCUSD/iNSP9waV-Historical-IV-almost-completed/

We are under 200 SMA

So, according to his idea, the music fades..

Now we are going to sub 1000

It would take a weekly close under the 200 SMA ... still Friday the 13th for the cavalry to arrive.

jadenunderhill

full member

Activity: 293

Merit: 109

Quote from: figmentofmyass on March 12, 2020, 03:42:50 PM

that was a $2500 drop today! this is what we get for writing off masterluc and his prophetic triangle eh? Shocked

he re-posted the idea on tradingview 8 hours ago with the following commentary:

Quote

Taking in mind this impressive fall I assume this is "surrender" phase and Bitcoin doomed now to rise to new highs.

My personal opinion - we'll never see such low numbers again, as price is at Weekly 200 SMA now.

But... If Weekly 200 SMA will be broken the music will fade...

https://www.tradingview.com/chart/BTCUSD/iNSP9waV-Historical-IV-almost-completed/

We are under 200 SMA

So, according to his idea, the music fades..

Now we are going to sub 1000

Majormax

legendary

Activity: 2534

Merit: 1129

Quote from: exstasie on March 12, 2020, 05:42:36 AM

Quote from: Wind_FURY on March 12, 2020, 03:41:31 AM

But from my standpoint, why care where it goes today, and how/why, if we already know it's on its path to 6 digits?

Because 6 digits isn't guaranteed. Building and maintaining a bullish structure strengthens the fundamentals-based argument for BTC investment. Stock to flow, Metcalfe's law, network effect and all that are great, but bullish trends and Wyckoff structures really bring it all together.

With BTC back in the $6Ks, the entire bull trend from last December is now in question. Hats off to Masterluc on this one.......

Looks like a full scale bear market now. If there is a bounce up to 6.5k, and it fails, then new lows (sub 3k) are possible this year. Already down to 4.8k.

Another low probability scenario is that the whole BTC project is failing, but lets not go there !

Anyway, the halving effect will not be as anticipated this time.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

that was a $2500 drop today! this is what we get for writing off masterluc and his prophetic triangle eh? Shocked

he re-posted the idea on tradingview 8 hours ago with the following commentary:

Quote

Taking in mind this impressive fall I assume this is "surrender" phase and Bitcoin doomed now to rise to new highs.

My personal opinion - we'll never see such low numbers again, as price is at Weekly 200 SMA now.

But... If Weekly 200 SMA will be broken the music will fade...

https://www.tradingview.com/chart/BTCUSD/iNSP9waV-Historical-IV-almost-completed/

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: ?? on ??

Oh no the bullish halving narrative was just a trap Undecided

Still is.

In the long run.

You can't have a change like that without an effect however you do need some demand and usage in place. I don't think we're going to see that for a while but it'll be back some day.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: ?? on ??

Oh no the bullish halving narrative was just a trap Undecided

I have thought all along that it almost HAS to follow a different path this time around. But I did not imagine it would be the four horsemen of the apocalypse driving it all...

How does that Chinese curse go about interesting times?

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Bossian on March 12, 2020, 07:26:59 AM

Quote from: cAPSLOCK on March 09, 2020, 09:35:52 PM

Quote from: exstasie on February 09, 2020, 03:29:52 PM

New post from Masterluc on Tradingview: Short term analysis: ending diagonal (SHORT)

Can't say I agree with him, but it's something to keep in mind.

Quote from: Masterluc

I assume price traces giant triangle correction since ATH . It is interesting that B-waves inside have impulsive subcounts.

I think that's the first clue that we aren't in a big triangle.....

Another top called... Nobody is perfect, but he certainly got this one right. I just hope we don't have to go to 6k.

IMHO the fundamental environment is so crazy right now... who knows what will happen.

Amazing call.

But there is bad news, I would like to have masterluc's opinion about this: how about the 6.4k support? His nice chart doesn't show what's next but I have a personal opinion that breaking below 6.4k means breaking below 5k eventually (probably for second semester).

Would also be glad to have a long term analysis on years 2022 and further. Trading can be a little tiresome, sometimes it's nice to sit back and do nothing for a few years.

Hmm... there's your answer on the 6.4k support. :/

But like I said. Fundamentals, or whatever we call the market Armageddon we are in right now are certainly causing a fairly extreme situation to unfold rather quickly...

I really wish I were a trader... this is a traders dream market.

Bossian

member

Activity: 450

Merit: 59

Quote from: cAPSLOCK on March 09, 2020, 09:35:52 PM

Quote from: exstasie on February 09, 2020, 03:29:52 PM

New post from Masterluc on Tradingview: Short term analysis: ending diagonal (SHORT)

Can't say I agree with him, but it's something to keep in mind.

Quote from: Masterluc

I assume price traces giant triangle correction since ATH . It is interesting that B-waves inside have impulsive subcounts.

I think that's the first clue that we aren't in a big triangle.....

Another top called... Nobody is perfect, but he certainly got this one right. I just hope we don't have to go to 6k.

IMHO the fundamental environment is so crazy right now... who knows what will happen.

Amazing call.

But there is bad news, I would like to have masterluc's opinion about this: how about the 6.4k support? His nice chart doesn't show what's next but I have a personal opinion that breaking below 6.4k means breaking below 5k eventually (probably for second semester).

Would also be glad to have a long term analysis on years 2022 and further. Trading can be a little tiresome, sometimes it's nice to sit back and do nothing for a few years.

Wilhelm

legendary

Activity: 1652

Merit: 1265

Quote from: exstasie on March 12, 2020, 06:54:23 AM

Quote from: somac. on March 12, 2020, 06:17:45 AM

Quote from: exstasie on March 12, 2020, 05:42:36 AM

With BTC back in the $6Ks, the entire bull trend from last December is now in question. Hats off to Masterluc on this one.......

And what did he say would happen after 6k

I don't know if he said explicitly. Based on how he drew his triangle bounds and his use of Elliott Wave, I assume he expects something along these lines:

In about a month everyone has recovered from the panic.

Upward from the triangle seems a legit conclusion.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: somac. on March 12, 2020, 06:17:45 AM

Quote from: exstasie on March 12, 2020, 05:42:36 AM

With BTC back in the $6Ks, the entire bull trend from last December is now in question. Hats off to Masterluc on this one.......

And what did he say would happen after 6k

I don't know if he said explicitly. Based on how he drew his triangle bounds and his use of Elliott Wave, I assume he expects something along these lines:

somac.

legendary

Activity: 2050

Merit: 1184

Never selling

Quote from: exstasie on March 12, 2020, 05:42:36 AM

Quote from: Wind_FURY on March 12, 2020, 03:41:31 AM

But from my standpoint, why care where it goes today, and how/why, if we already know it's on its path to 6 digits?

Because 6 digits isn't guaranteed. Building and maintaining a bullish structure strengthens the fundamentals-based argument for BTC investment. Stock to flow, Metcalfe's law, network effect and all that are great, but bullish trends and Wyckoff structures really bring it all together.

With BTC back in the $6Ks, the entire bull trend from last December is now in question. Hats off to Masterluc on this one.......

And what did he say would happen after 6k

Wexlike

legendary

Activity: 1473

Merit: 1086

I won't doubt this fucker anymore. /facepalm

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Wind_FURY on March 12, 2020, 03:41:31 AM

But from my standpoint, why care where it goes today, and how/why, if we already know it's on its path to 6 digits?

Because 6 digits isn't guaranteed. Building and maintaining a bullish structure strengthens the fundamentals-based argument for BTC investment. Stock to flow, Metcalfe's law, network effect and all that are great, but bullish trends and Wyckoff structures really bring it all together.

With BTC back in the $6Ks, the entire bull trend from last December is now in question. Hats off to Masterluc on this one.......

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: cAPSLOCK on March 11, 2020, 08:00:51 PM

Quote from: Wind_FURY on March 11, 2020, 06:02:38 AM

Quote from: cAPSLOCK on March 09, 2020, 09:35:52 PM

Quote from: exstasie on February 09, 2020, 03:29:52 PM

New post from Masterluc on Tradingview: Short term analysis: ending diagonal (SHORT)

Can't say I agree with him, but it's something to keep in mind.

Quote from: Masterluc

I assume price traces giant triangle correction since ATH . It is interesting that B-waves inside have impulsive subcounts.

I think that's the first clue that we aren't in a big triangle.....

Another top called... Nobody is perfect, but he certainly got this one right. I just hope we don't have to go to 6k.

IMHO the fundamental environment is so crazy right now... who knows what will happen.

Why? That's very short-term thinking of you. If it crashes to $6,000 this year, to make new ATH on 2022 or 2023, wouldn't we be very thankful for the golden opportunity to buy another dip? Cool

Nothing short term in my thinking about Bitcoin. I would like to see a higher low than what we saw in December. That simple.

But from my standpoint, why care where it goes today, and how/why, if we already know it's on its path to 6 digits? I HOPE we have to go to $6,000, shake out the weak-hands, and honey-badger don't care.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Wind_FURY on March 11, 2020, 06:02:38 AM

Quote from: cAPSLOCK on March 09, 2020, 09:35:52 PM

Quote from: exstasie on February 09, 2020, 03:29:52 PM

New post from Masterluc on Tradingview: Short term analysis: ending diagonal (SHORT)

Can't say I agree with him, but it's something to keep in mind.

Quote from: Masterluc

I assume price traces giant triangle correction since ATH . It is interesting that B-waves inside have impulsive subcounts.

I think that's the first clue that we aren't in a big triangle.....

Another top called... Nobody is perfect, but he certainly got this one right. I just hope we don't have to go to 6k.

IMHO the fundamental environment is so crazy right now... who knows what will happen.

Why? That's very short-term thinking of you. If it crashes to $6,000 this year, to make new ATH on 2022 or 2023, wouldn't we be very thankful for the golden opportunity to buy another dip? Cool

Nothing short term in my thinking about Bitcoin. I would like to see a higher low than what we saw in December. That simple.

Topic: Analysis - page 17. (Read 941579 times)