Topic: Analysis - page 173. (Read 941582 times)
How long can we stay in this range for the cup and handle to be invalid?
The top of the cup is $310 and the bottom $210, so wouldn't 50% of the cup be $260 and not $240? If we reach $240 things will look very bearish again imo, anything below $255 will turn me back into a bear for the next couple of months at least.
yeah, sorry, $260. I miscalculated.
here's another pic (apparently masterluc found the pattern before me):
The handle can retrace up to 50% of the cup. So it can go down to $240.
I've been watching many cup & handles in bitcoin and usually it doesn't retract that far, so it's possible we'll turn up already at this point.
However, this one is exceptionally big, so it's hard to draw conclusions from past cup & handles which were usually smaller.
The handle can retrace up to 50% of the cup. So it can go down to $240.
I've been watching many cup & handles in bitcoin and usually it doesn't retract that far, so it's possible we'll turn up already at this point.
However, this one is exceptionally big, so it's hard to draw conclusions from past cup & handles which were usually smaller.
The top of the cup is $310 and the bottom $210, so wouldn't 50% of the cup be $260 and not $240? If we reach $240 things will look very bearish again imo, anything below $255 will turn me back into a bear for the next couple of months at least.
Is that cup and hadle here 4 months long?
Yep
Question is if we already sow the bottom of the handle. I think we did and that we just need to get some serious buying volume in next few days.
here's another pic (apparently masterluc found the pattern before me):
The handle can retrace up to 50% of the cup. So it can go down to $240.
I've been watching many cup & handles in bitcoin and usually it doesn't retract that far, so it's possible we'll turn up already at this point.
However, this one is exceptionally big, so it's hard to draw conclusions from past cup & handles which were usually smaller.
Is that cup and hadle here 4 months long?
Yep
Question is if we already sow the bottom of the handle. I think we did and that we just need to get some serious buying volume in next few days.
Is that cup and hadle here 4 months long?
hell yeah!
Is that cup and hadle here 4 months long?
hell yeah!
two weeks ™
Is that cup and hadle here 4 months long?
Wow, that's the most textbook cup and handle I've ever seen in a bitcoin chart. How long to resolve the handle?
Is that cup and hadle here 4 months long?
Always like your analysis luc! Think it's the first time I post here tho
Hourly divs:
Hourly divs:
Hourly pennant
Here are most important resistances by geometry after breaking log downtrend (most-most important is red)
May be its a false bubble start, but trend still healthy. Price shows resistance at 320-340, where daily ma360 and yearly vwap located. It may take some time to show its strength.
Price is on positive daily and weekly BB territory, above daily 200 ma, above log downtrend line, Weekly ADX shows start of trending, while Daily ADX shows correction. No bearish divergences.
Hourly 200 ma matters on strong bubble trend. But current trend only starts and very infant. Uptrend was recently born.
I'll notify if I'll see warning/reversal signs.
Price is on positive daily and weekly BB territory, above daily 200 ma, above log downtrend line, Weekly ADX shows start of trending, while Daily ADX shows correction. No bearish divergences.
Hourly 200 ma matters on strong bubble trend. But current trend only starts and very infant. Uptrend was recently born.
I'll notify if I'll see warning/reversal signs.
But Master, the hourly sma200, the "holy grail" of all bubbles has been decisively broken on all exchanges and the price remains below it still. This does not concern you?
Edit: Thanks for the explanation. It makes sense that the hourly sma200 would only matter at the end of a bubble.
Edit: Thanks for the explanation. It makes sense that the hourly sma200 would only matter at the end of a bubble.
The uptrend is healthy so far. Goes up on increasing volume and down on decreasing.
Oscillators are healthy with no bearish and little bullish divergence on macd.
As said before there is a resistance of yearly vwap
I don't start EW count until I'll see triangle (wave 4). Until this I watch for volume, divergences and trend lines. This gives me more realistic picture and don't let me go by invalid EW subcounts.
Oscillators are healthy with no bearish and little bullish divergence on macd.
As said before there is a resistance of yearly vwap
I don't start EW count until I'll see triangle (wave 4). Until this I watch for volume, divergences and trend lines. This gives me more realistic picture and don't let me go by invalid EW subcounts.
Where did you get these time frames from Ryn? EW is never good with timeframes...
http://www.tradingfives.com/articles/elliott-wave-guide.htm
Where did you get these time frames from Ryn? EW is never good with timeframes...
That all falls in EW analysis. ... Even the infrastructure built on top of the blockchain can go through EW-esque waves
If you have a hammer, everything looks like a nail 
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