Analysis - page 194. | Bitcointalksearch.org

inca

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Quote from: vphen on May 10, 2015, 05:51:30 AM

Quote from: masterluc on May 10, 2015, 05:36:50 AM

stop raised to 229 (trend line), sell 50% now imho

got it. thank you.

Ignore the short term technicals - they are manipulated heavily. The long term exponential trend line is all that matters. Everything else is noise. How many Elliot wave traders on this forum a) predicted the last bubble? b) earn their living trading?

vphen

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Quote from: masterluc on May 10, 2015, 05:36:50 AM

stop raised to 229 (trend line), sell 50% now imho

got it. thank you.

masterluc

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stop raised to 229 (trend line), sell 50% now imho

vphen

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Quote from: masterluc on May 01, 2015, 06:27:01 AM

another opportunity - long target 290 with s/l 220. risk/reward 1:3

is this still valid?

masterluc

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I worry adx doesn't recognize it as rally, while SS does and its overbought

masterluc

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Downtrend is comming, 290 is upper line hard resistance now (I wrote 300+ some time ago).

Currently fighting with local linear escape trend line

Okurkabinladin

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Any ideas from MasterLuc? I am one ear.

HeliKopterBen

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Quote from: lebing on May 08, 2015, 01:58:46 PM

Quote from: HeliKopterBen on May 06, 2015, 10:26:52 PM

Quote from: realdos on May 06, 2015, 09:27:07 PM

230 broken. What now?

Wait... unless you want to short, which is also risky given that the market is down 80% from ATH. Eventually that line will be broken. Until then, the best thing to do is nothing IMO.

So you are saying that the price is going to be 5x what it is, but not to buy now?

Even if you buy only a small amount, that amount of coins will be worth much more than what you would get if you were to be buying market order once it passes the ATH. I cringe thinking thinking about the slippage on a market order once we pass that. Probably $100 slip heh.

That is not what I am saying at all. Go back and review the discussion about trendlines.

lebing

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Enabling the maximal migration

Quote from: HeliKopterBen on May 06, 2015, 10:26:52 PM

Quote from: realdos on May 06, 2015, 09:27:07 PM

230 broken. What now?

Wait... unless you want to short, which is also risky given that the market is down 80% from ATH. Eventually that line will be broken. Until then, the best thing to do is nothing IMO.

So you are saying that the price is going to be 5x what it is, but not to buy now?

Even if you buy only a small amount, that amount of coins will be worth much more than what you would get if you were to be buying market order once it passes the ATH. I cringe thinking thinking about the slippage on a market order once we pass that. Probably $100 slip heh.

realdos

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Quote from: HeliKopterBen on May 06, 2015, 10:26:52 PM

Quote from: realdos on May 06, 2015, 09:27:07 PM

230 broken. What now?

Wait... unless you want to short, which is also risky given that the market is down 80% from ATH. Eventually that line will be broken. Until then, the best thing to do is nothing IMO.

True, short was very risky as it now soars above 240..

HeliKopterBen

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Quote from: realdos on May 06, 2015, 09:27:07 PM

230 broken. What now?

Wait... unless you want to short, which is also risky given that the market is down 80% from ATH. Eventually that line will be broken. Until then, the best thing to do is nothing IMO.

lay785

sr. member

Activity: 266

Merit: 250

Quote from: realdos on May 06, 2015, 09:27:07 PM

Quote from: HeliKopterBen on May 05, 2015, 07:04:47 PM

Quote from: realdos on May 05, 2015, 01:48:08 AM

Quote from: HeliKopterBen on April 30, 2015, 03:36:00 PM

Quote from: realdos on April 30, 2015, 03:15:31 PM

When and how this break could be confirmed as effective break? Re-test the downtrend line after breaking through it?

I look for a completed weekly bar above the upper trendline (open, high, low, close) to confirm. That pattern is more or less on a weekly timeframe but you could also use a 3-day I suppose.

Is it confirmed now as the 3-day bar is totally above the upper trendline?

Depends on how you draw it and at what scale. If the linear scale holds above 230 for the remainder of this weekly bar, then that trend can be considered broken, which IMO would only introduce uncertainty into the longer term trend.

close up:

For more certainty, the log trend line should be broken in the same manner... and a solid weekly bar above 315 would help to indicate a trend change:

230 broken. What now?

buy lol

realdos

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Quote from: HeliKopterBen on May 05, 2015, 07:04:47 PM

Quote from: realdos on May 05, 2015, 01:48:08 AM

Quote from: HeliKopterBen on April 30, 2015, 03:36:00 PM

Quote from: realdos on April 30, 2015, 03:15:31 PM

When and how this break could be confirmed as effective break? Re-test the downtrend line after breaking through it?

I look for a completed weekly bar above the upper trendline (open, high, low, close) to confirm. That pattern is more or less on a weekly timeframe but you could also use a 3-day I suppose.

Is it confirmed now as the 3-day bar is totally above the upper trendline?

Depends on how you draw it and at what scale. If the linear scale holds above 230 for the remainder of this weekly bar, then that trend can be considered broken, which IMO would only introduce uncertainty into the longer term trend.

close up:

For more certainty, the log trend line should be broken in the same manner... and a solid weekly bar above 315 would help to indicate a trend change:

230 broken. What now?

HeliKopterBen

hero member

Activity: 622

Merit: 500

Quote from: realdos on May 05, 2015, 01:48:08 AM

Quote from: HeliKopterBen on April 30, 2015, 03:36:00 PM

Quote from: realdos on April 30, 2015, 03:15:31 PM

When and how this break could be confirmed as effective break? Re-test the downtrend line after breaking through it?

I look for a completed weekly bar above the upper trendline (open, high, low, close) to confirm. That pattern is more or less on a weekly timeframe but you could also use a 3-day I suppose.

Is it confirmed now as the 3-day bar is totally above the upper trendline?

Depends on how you draw it and at what scale. If the linear scale holds above 230 for the remainder of this weekly bar, then that trend can be considered broken, which IMO would only introduce uncertainty into the longer term trend.

close up:

For more certainty, the log trend line should be broken in the same manner... and a solid weekly bar above 315 would help to indicate a trend change:

realdos

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Merit: 100

Quote from: hdbuck on May 05, 2015, 02:08:03 AM

another H&S forming?

How about the last H&S? Failed?

hdbuck

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another H&S forming?

realdos

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Quote from: HeliKopterBen on April 30, 2015, 03:36:00 PM

Quote from: realdos on April 30, 2015, 03:15:31 PM

When and how this break could be confirmed as effective break? Re-test the downtrend line after breaking through it?

I look for a completed weekly bar above the upper trendline (open, high, low, close) to confirm. That pattern is more or less on a weekly timeframe but you could also use a 3-day I suppose.

Is it confirmed now as the 3-day bar is totally above the upper trendline?

negafen

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Quote from: masterluc on May 03, 2015, 12:51:37 PM

I reconize current activity as long term counter trend corrective move.

I said earlier, there are a lot of resistances at 250-350 area.

This rally isn't safe enough, I see a potential to 290-320 so far. And it is risky.

200 has proven to be a strong resistance line. Little risk with potential 50-60 dollars gain per coin if played right.

masterluc

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I reconize current activity as long term counter trend corrective move.

I said earlier, there are a lot of resistances at 250-350 area.

This rally isn't safe enough, I see a potential to 290-320 so far. And it is risky.

Quote from: hhthinh on May 03, 2015, 12:24:46 PM

i sent straight,check your addy !

Thanks.

hhthinh

newbie

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is your btc addy still ok Luc?If yes pls confirm,i want to give you a gift

i sent straight,check your addy !

Topic: Analysis - page 194. (Read 941563 times)