Topic: Analysis - page 233. (Read 941563 times)
you know the answer
Yes, but hard break down through 360 would add more odds to bears. It will harm bullish picture much.
Any chance we're seeing a regular flat correction playing out since 417?
Here is a potential
So the most optimistic bullish move should look like this:
- up to ~430
- back to sma20
- up to sma200
And if so, it would be an impulse and so probably reversal. So 400 level breakout is important now.
- up to ~430
- back to sma20
- up to sma200
And if so, it would be an impulse and so probably reversal. So 400 level breakout is important now.
Running fine so far. But there is a some threat of another leg down from here.
Deflation is spreading!
http://www.bloomberg.com/news/2014-10-17/butter-prices-tumble-most-in-18-years-as-imports-climb.html
http://www.bloomberg.com/news/2014-10-17/butter-prices-tumble-most-in-18-years-as-imports-climb.html
so the natural thing did just win against money printing ?
Gold prices are getting very close to production prices.
Economy will survive somehow nevertheless.
Who is "out of reality" : world's rulers.
Heavily on cocaine and in rainbow dreams of achieved Recovery.
Their future is bleak.
It can decouple although from gold soon...
We are entering new wave of Deflation, with CBs worldwide having empty guns.
So there should be bank crashes, exchanges' failures, "paper" gold's trading issues etc
In such situation BTC can go up quite a lot...
This time it might become worse than it was in 2008-2009
We are entering new wave of Deflation, with CBs worldwide having empty guns.
So there should be bank crashes, exchanges' failures, "paper" gold's trading issues etc
In such situation BTC can go up quite a lot...
This time it might become worse than it was in 2008-2009
Actually xbt follows gold now. And gold follows opposite to dxy (dollar).
So xbt is now officially goes opposite to US dollar.
So xbt is now officially goes opposite to US dollar.
very interesting insight! So if this correlation holds, we should expect some kind of bounce short term, then additional weakness medium term (since it seems dxy is expected to go higher and gold lower in the following months) and thereafter, when hopefully the dollar collapses for good, the final, epic trip to the moon
by the way a big thank you for one of the most valuable analysis threads out there.
Gold prices are getting very close to production prices.
Stocks feel bad, gold bounces, xbt bounces.
Gold prices are getting very close to production prices. There isnt any room to go down. They will just shut mines down and creat demand.
Actually xbt follows gold now. And gold follows opposite to dxy (dollar).
So xbt is now officially goes opposite to US dollar.
So xbt is now officially goes opposite to US dollar.
Stocks feel bad, gold bounces, xbt bounces.
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This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.
This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.
That's not possible. 500$ is a reasonable target for the peak of the first sub-wave of wave 1. After that there must be corrections.
I have some doubts that a price level of 450$ - 750$ is going to be sustainable for many months during wave 1 and corrective wave 2, we'll see.
You think the bottom is in too?
I have serious doubts.
I try to keep an open mind. Both bullish and bearish scenarios are still possible, but the latest developments favor the bullish one.
6 days ago I said that it will take 10 - 15 days until the market will decide a clear direction. It may take longer.
If the bulls manage to conquer a high enough level and then defend a support level of 300+ when the corrections will come, then the bottom was 275.
It depends what you are looking for : are you waiting for the big wave? Buy now! Do you want to speculate on the short term price and you think it will go down again? Wait a little bit to buy
Volume suggests h&s triggering, which should send price back to daily 200 sma forming even larger inverse h&s
I love fractal patterns. So powerful!
I'm quite confident the V-shaped bottom on October 6th marked a trend reversal.
On fundamentals: I see an uptik in individual influencial investors and even politicians talking their btc-books. Only a matter of time until XBT is mentioned in popular newsletters. It'll work. At some point when price keeps rising the sheep will flock in panicked by price-driven media attention. The short chickens come home to roost in a frenzy... fuel for the rocket.
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This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.
This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.
That's not possible. 500$ is a reasonable target for the peak of the first sub-wave of wave 1. After that there must be corrections.
I have some doubts that a price level of 450$ - 750$ is going to be sustainable for many months during wave 1 and corrective wave 2, we'll see.
You think the bottom is in too?
I have serious doubts.
I try to keep an open mind. Both bullish and bearish scenarios are still possible, but the latest developments favor the bullish one.
6 days ago I said that it will take 10 - 15 days until the market will decide a clear direction. It may take longer.
If the bulls manage to conquer a high enough level and then defend a support level of 300+ when the corrections will come, then the bottom was 275.
Say what? Weekly and daily ADX show reversal. "V" formation on charts is a reversal struct. Price closed back inside weekly bb and in positive daily BB zone.
We may expect some bounce (1-2 months) into 500-600 area. But I am skeptic about further bullish move. Wake me up at 500, I'll post next analysis.
We may expect some bounce (1-2 months) into 500-600 area. But I am skeptic about further bullish move. Wake me up at 500, I'll post next analysis.
Nice summary. Pretty close to my own expectations, that are (vaguely): first, a rise out of the bottom that confuses the bears. So far, volume is there to support it. Then, when it looks like we're back in a full bull market (~600, maybe), either volume keeps up and we actually *are* going into a real bull market, or, like in May/June, volume fizzles out again and we top out, entering another downwards slide, slow first, then accelerating.
You think the bottom is in too? This is an interesting trifecta of bullishness - Luc/Oda/Tzupy
My head is spinning.
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This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.
This is pretty much what I was thinking and thats why I was surprised luc was saying we are going to 500. If we are going to 500 then we could be going much further quite quickly.
That's not possible. 500$ is a reasonable target for the peak of the first sub-wave of wave 1. After that there must be corrections.
I have some doubts that a price level of 450$ - 750$ is going to be sustainable for many months during wave 1 and corrective wave 2, we'll see.
You think the bottom is in too?
I have serious doubts.
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