The bid side has recovered somewhat, 6h PSAR has flipped to bullish, but 15 min MACD looks bearish.
A quadruple top, yikes. Will there be another dump before a strong rebound, that is the question?
Topic: Analysis - page 221. (Read 941582 times)
@Luc
could you please say if this rsi 3D bull div is valid? Until now it seems that this is the first bull div (not hidden) this year
could you please say if this rsi 3D bull div is valid? Until now it seems that this is the first bull div (not hidden) this year
It is indeed valid.
Signal for reversal? Not yet
Lower time frames need to complete their respective structures and rounds of divergence before the 3 day is acknowledged. By that time, the 3 day will no longer have a divergence.
Impulse continues, bear flag triggered.
He posted this over a week ago. I asked if it means we are likely to be at $200 by new year, but he has not replied yet,
where is the master
Standing at $200 with a big net
where is the master
@Luc
could you please say if this rsi 3D bull div is valid? Until now it seems that this is the first bull div (not hidden) this year
could you please say if this rsi 3D bull div is valid? Until now it seems that this is the first bull div (not hidden) this year
Master Luc, I summon thou
Shhhh, dont disturb the Master while he is (hopefully making a) killing off the rouble
Master Luc, I summon thou
No, it just went down to 319.6
Triple bottom @322 ?
Daily chart, from Bitstamp :
Daily chart, from Bitstamp :
Time elapsed between peaks and bottoms in June - August (please excuse small counting errors) compared with current market:
June 1st to June 25th, so 24 days. From 680$ to 557$.
November 13th to November 21st, 8 days. From 454$ to 342$. This was about thrice as fast.
June 25th to July 3rd, so 9 days. From 557$ to 660$.
November 21st to November 25th, so 4 days. From 342$ to 395$. This slowed down to about twice as fast.
July 3rd to August 1st, so 28 days. From 660$ to 557$.
November 25th to December 11th, so 16 days. From 395$ to 340$. This was also about twice as fast.
June 1st to June 25th, so 24 days. From 680$ to 557$.
November 13th to November 21st, 8 days. From 454$ to 342$. This was about thrice as fast.
June 25th to July 3rd, so 9 days. From 557$ to 660$.
November 21st to November 25th, so 4 days. From 342$ to 395$. This slowed down to about twice as fast.
July 3rd to August 1st, so 28 days. From 660$ to 557$.
November 25th to December 11th, so 16 days. From 395$ to 340$. This was also about twice as fast.
Thank you, very interesting.
Since the market moves about twice as fast than in June - August
Thanks for the analysis. I'm curious, how do you measure market speed changes? Given it's fractal nature, it seems to be non-trivial task.Time elapsed between peaks and bottoms in June - August (please excuse small counting errors) compared with current market:
June 1st to June 25th, so 24 days. From 680$ to 557$.
November 13th to November 21st, 8 days. From 454$ to 342$. This was about thrice as fast.
June 25th to July 3rd, so 9 days. From 557$ to 660$.
November 21st to November 25th, so 4 days. From 342$ to 395$. This slowed down to about twice as fast.
July 3rd to August 1st, so 28 days. From 660$ to 557$.
November 25th to December 11th, so 16 days. From 395$ to 340$. This was also about twice as fast.
Since the market moves about twice as fast than in June - August
Thanks for the analysis. I'm curious, how do you measure market speed changes? Given it's fractal nature, it seems to be non-trivial task.Impulse continues, bear flag triggered.
Does this mean you think we will be down to 200 by about new years day?
Since the market moves about twice as fast than in June - August
Thanks for the analysis. I'm curious, how do you measure market speed changes? Given it's fractal nature, it seems to be non-trivial task.It sure was confusing for the last weeks, but it seems to get clearer. I measure time elapsed between peaks and bottoms of the sub-sub-waves or even sub-sub-sub-waves (if recognizable).
If the speed stays twice as fast as June - August - 6th October, then THE bottom could be reached in January instead of February as I guesstimated some time ago.
Since the market moves about twice as fast than in June - August
Thanks for the analysis. I'm curious, how do you measure market speed changes? Given it's fractal nature, it seems to be non-trivial task.It sure was confusing for the last weeks, but it seems to get clearer. I measure time elapsed between peaks and bottoms of the sub-sub-waves or even sub-sub-sub-waves (if recognizable).
If the speed stays twice as fast as June - August - 6th October, then THE bottom could be reached in January instead of February as I guesstimated some time ago.
Since the market moves about twice as fast than in June - August
Thanks for the analysis. I'm curious, how do you measure market speed changes? Given it's fractal nature, it seems to be non-trivial task.
While the waves are poorly defined, my most probable scenario for the near future is a repeat of the August 11 - 17 crash.
Since the market moves about twice as fast than in June - August, I used 12h for the old chart and 6h for the current chart.
To confirm this, 6h MACD divergence and 6h PSAR should turn bearish.
PS. This also supports the bearish scenario.
PS2. 6h PSAR just flipped. 6hMACD divergence still positive (barely).
Since the market moves about twice as fast than in June - August, I used 12h for the old chart and 6h for the current chart.
To confirm this, 6h MACD divergence and 6h PSAR should turn bearish.
PS. This also supports the bearish scenario.
PS2. 6h PSAR just flipped. 6hMACD divergence still positive (barely).
Impulse continues, bear flag triggered.
Good good, got my money ready
Any estimate of target? Sub $200 was a typo, right?
Nobody knows, depends on a level of panic, but below 200 is not impossible.
The double whammy of paypal and microsoft will have sparked enough new big capital interest, to make me assume we've already seen the bottom this year.
It feels like each new positive news is not having enough effect. The downwards pressure over the longer term is quite high.
Impulse continues, bear flag triggered.
Good good, got my money ready
Any estimate of target? Sub $200 was a typo, right?
Nobody knows, depends on a level of panic, but below 200 is not impossible.
The double whammy of paypal and microsoft will have sparked enough new big capital interest, to make me assume we've already seen the bottom this year.
Jump to: