Analysis - page 209. | Bitcointalksearch.org

seleme

legendary

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Duelbits.com

Quote from: lebing on January 27, 2015, 10:56:05 AM

Quote from: masterluc on January 27, 2015, 10:17:31 AM

I know longterm (4+ years) long position from current levels down to zero is safe enough.

I am usually pretty good at deciphering the Lucif code, but today I am at a loss.
Huh

What's not clear there? He said this price or any below it is good entry for long term (4+ years)

hhthinh

newbie

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we wait then,market's full of surprised

HarmonLi

sr. member

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Honest 80s business!

Quote from: Miz4r on January 28, 2015, 10:34:49 AM

You should use log scale, this is linear scale.

Nah, well I think the biggest problem is with him using the candlesticks to draw the lines. Those are just outliers that don't tell us much in my opinion. Things will get interesting as soon we've crossed most people's resistance lines!

Miz4r

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Quote from: hhthinh on January 28, 2015, 10:13:16 AM

take a look at this,i'm amazing at the line from 8000 CNY !!!!

so at which price will it go down tommorrow?

You should use log scale, this is linear scale.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Quote from: hhthinh on January 28, 2015, 10:13:16 AM

take a look at this,i'm amazing at the line from 8000 CNY !!!!

so at which price will it go down tommorrow?

Even if we don't break out upwards, do we really have to go down tomorrow? Why not wait for a couple of weeks? I don't think that tomorrow will be the day that decides about the way we'll be going.

hhthinh

newbie

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take a look at this,i'm amazing at the line from 8000 CNY !!!!

http://s22.postimg.org/quw4zdvld/image.jpg

so at which price will it go down tommorrow?

masterluc

legendary

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Shooting star with top right at serious resistance level tells about further price behavior quite alot.

Miz4r

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Quote from: oda.krell on January 28, 2015, 07:16:39 AM

http://thepatternsite.com/ShootingStar.html

But that's his result for traditional markets. Possible that in BTC, shooting star is a better predictor.

Or worse. Since FOMO is so strong in this market you get crazy spikes sometimes followed by big drops back to 'normal' levels, making these shooting stars a somewhat regular thing in this market. Or perhaps it does work as a self-fulfilling prophecy and positive feedback loop, as people become conditioned to sell when they see these candles appear on the charts. And since everyone who is trading BTC has access to internet and free technical analysis everywhere warning about these shooting star patterns, it could be quite a big market force all combined.

masterluc

legendary

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Looks like there is kinda h&s pattern since Jan 21 with a target around $170. Somebody illustrate pls

oda.krell

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Quote from: myself on January 27, 2015, 07:35:28 PM

Quote from: podyx on January 27, 2015, 12:38:31 PM

Quote from: masterluc on January 26, 2015, 04:55:33 PM

Please note! If Current daily candle will be shooting star - there is a high chance price will revisit $100

So you would base a 65% decline in price on a single candlestick?

That's awkward

read some example http://thepatternsite.com/Blog-May08.html#P16

Yeah, but bad example in the context of this discussion:

Bulkowski on the 'shooting star':

Quote

Day traders that I know depend on the shooting star more often than I think they should, but my statistics are based on the daily charts, not intra day ones. I found that the shooting star candle acts as a bearish reversal 59% of the time. I consider that "near random" performance.

http://thepatternsite.com/ShootingStar.html

But that's his result for traditional markets. Possible that in BTC, shooting star is a better predictor.

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: podyx on January 27, 2015, 12:38:31 PM

Quote from: masterluc on January 26, 2015, 04:55:33 PM

Please note! If Current daily candle will be shooting star - there is a high chance price will revisit $100

So you would base a 65% decline in price on a single candlestick?

That's awkward

read some example http://thepatternsite.com/Blog-May08.html#P16

Tzupy

legendary

Activity: 2170

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Quote from: podyx on January 27, 2015, 12:38:31 PM

Quote from: masterluc on January 26, 2015, 04:55:33 PM

Please note! If Current daily candle will be shooting star - there is a high chance price will revisit $100

So you would base a 65% decline in price on a single candlestick?

That's awkward

I think he means that if buying power stays sluggish and dumps crash through critical support levels, then revisiting ~150$ is probable.
For the bullish scenario a minimum buying power is needed to keep traders from dumping hard.

podyx

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Quote from: masterluc on January 26, 2015, 04:55:33 PM

Please note! If Current daily candle will be shooting star - there is a high chance price will revisit $100

So you would base a 65% decline in price on a single candlestick?

That's awkward

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: lebing on January 27, 2015, 10:56:05 AM

Quote from: masterluc on January 27, 2015, 10:17:31 AM

I know longterm (4+ years) long position from current levels down to zero is safe enough.

I am usually pretty good at deciphering the Lucif code, but today I am at a loss.
Huh

if you buy in the 0~260 $ range long term you are ok.

cAPSLOCK

legendary

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Note the unconventional cAPITALIZATION!

I think he is being clearer than ever.

Queeq

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Quote from: lebing on January 27, 2015, 10:56:05 AM

Quote from: masterluc on January 27, 2015, 10:17:31 AM

I know longterm (4+ years) long position from current levels down to zero is safe enough.

I am usually pretty good at deciphering the Lucif code, but today I am at a loss.
Huh

If you are a long-term investor (that will hold for 4 or more years) it is safe for you to buy all the way down.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: masterluc on January 27, 2015, 10:17:31 AM

I know longterm (4+ years) long position from current levels down to zero is safe enough.

I am usually pretty good at deciphering the Lucif code, but today I am at a loss.
Huh

hdbuck

legendary

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but the question is.. are you long? ^^

masterluc

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I didn't say 100 is the bottom. Probably but not mandatory.

I see signs of coming bottom - high volatility, nervous investors, growing panic.

It may be 100 or 75, or it was 150. I don't know. I know longterm (4+ years) long position from current levels down to zero is safe enough.

That's why I said LONG.

idee2013

sr. member

Activity: 407

Merit: 250

Quote from: masterluc on January 27, 2015, 09:26:14 AM

yes. but bottom is comming

HI master :-)

why do you think 100 and not double bottom 150?

Topic: Analysis - page 209. (Read 941582 times)