Analysis - page 210. | Bitcointalksearch.org

Tzupy

legendary

Activity: 2156

Merit: 1094

Quote from: Xiaoxiao on January 27, 2015, 10:09:58 AM

Am I on to something? Does this latest upswing resemble earlier and we are heading even lower in the next months?

On the 17th November I posted this to show how a bullish scenario should have looked back then.
With different dates and price points, the same applies now (yes, I'm to lazy to make a new one Tongue

).

NotHatinJustTrollin

full member

Activity: 462

Merit: 107

★Bitvest.io★ Play Plinko or Invest!

Quote from: Xiaoxiao on January 27, 2015, 10:09:58 AM

Am I on to something? Does this latest upswing resemble earlier and we are heading even lower in the next months?

Yep.

masterluc

legendary

Activity: 938

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yes. but bottom is comming

Xiaoxiao

legendary

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The Golden Rule Rules

Am I on to something? Does this latest upswing resemble earlier and we are heading even lower in the next months?

Odalv

legendary

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Quote from: ezipaint on January 26, 2015, 08:17:55 PM

Quote from: masterluc on January 26, 2015, 05:55:33 PM

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

Pronounced enough?

it did not happen

ezipaint

newbie

Activity: 14

Merit: 0

Quote from: masterluc on January 26, 2015, 05:55:33 PM

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

Pronounced enough?

sinner

hero member

Activity: 615

Merit: 500

Quote from: masterluc on January 26, 2015, 05:55:33 PM

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

ewwwww, it looks like this is gonna happen

masterluc

legendary

Activity: 938

Merit: 1013

Quote from: blade87 on January 26, 2015, 06:45:58 PM

What do you think we need to close at to avoid bear star? That was quite the run overnight while I slept.

I said earlier and say again - close above long term resistance line

blade87

hero member

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What do you think we need to close at to avoid bear star? That was quite the run overnight while I slept.

hdbuck

legendary

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Quote from: realdos on January 26, 2015, 06:10:13 PM

Quote from: masterluc on January 26, 2015, 05:55:33 PM

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

You mean we are going to retest the $152.4 (Bitstamp low) or we are going to somewhere near $100?

means that if we retest daily opening lows, 100$ wont be far off.

http://www.investopedia.com/terms/s/shootingstar.asp

realdos

full member

Activity: 167

Merit: 100

Quote from: masterluc on January 26, 2015, 05:55:33 PM

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

You mean we are going to retest the $152.4 (Bitstamp low) or we are going to somewhere near $100?

masterluc

legendary

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

bassclef

hero member

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Quote from: hdbuck on January 26, 2015, 10:54:58 AM

i dont see how we are getting out of the bear market:

The record volume on that 3d down bar is how

enough coins change hands and supply and demand get switched.

hdbuck

legendary

Activity: 1260

Merit: 1002

i dont see how we are getting out of the bear market:

seems like a casual pump to get back on the bear pennant, which could last another 6 months Huh

ps: ah this is log scale. not sure what kind of scale should be relevant, but lucif used regular one, which indeed suggest a shorter pennant. Undecided

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: Altcoin Agent on January 26, 2015, 04:49:55 AM

Secondly, at what price level in the next week or so would you say with certainty "We're in an uptrend again!" ?

Pretty sure you will know it if/when it happens. Like Luc says, it will be epic. I wouldn't be surprised to see 450-500 in short order.

Miz4r

legendary

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Quote from: Altcoin Agent on January 26, 2015, 04:41:26 AM

Because if it DOES blow, it will mark the end of the downtrend that's been in action since the all time high of $1200, right ?

What's different now though ? Everything that looked promising since the ATH have been bull traps.

Every bear market comes to an end eventually, the same pattern can't hold forever. What's different now is that the giant wedge is closing so we have to either break up or down out of it soon. Also if I understood EW theory correctly the latest move down to $160 marks the final impulse wave 5 of the current bearish cycle. Some EW theorists (not all though) don't think wave 5 has completely finished yet and we will see one more downward move to retest the low or go a bit lower and only then see a true reversal, but personally I would be very surprised if we see that happening after today.

Altcoin Agent

hero member

Activity: 798

Merit: 500

Sovryn - 300-500% APY on USDT Deposit

Quote from: masterluc on January 26, 2015, 04:48:15 AM

Market is full on surprises.

Now that we're talking, first of all Thanks for all your insights.

Secondly, at what price level in the next week or so would you say with certainty "We're in an uptrend again!" ?

masterluc

legendary

Activity: 938

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Market is full on surprises. I received a lot of opposite signals last week. One tells about bottoming, other about further bearishness. My mind is blowing.

Altcoin Agent

hero member

Activity: 798

Merit: 500

Sovryn - 300-500% APY on USDT Deposit

Quote from: masterluc on January 26, 2015, 04:13:23 AM

If this wedge will blow up it will be epic

Because if it DOES blow, it will mark the end of the downtrend that's been in action since the all time high of $1200, right ?

What's different now though ? Everything that looked promising since the ATH have been bull traps.

masterluc

legendary

Activity: 938

Merit: 1013

If this wedge will blow up it will be epic

Topic: Analysis - page 210. (Read 941563 times)