Analysis - page 256. | Bitcointalksearch.org

oda.krell

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Quote from: masterluc on June 07, 2014, 03:30:35 PM

Rebound from 340 low more and more looks like impulse. And if so, I think price is currently in 4 of 1 wave from 340 low.

Sorry about no pics, I am away from terminal, civil war is going on here in Ukraine. US and dollar, god damn you. I hope nuclear bombs around pacific and atlantic beach already ticking for all that they'd done in world.

Thanks for the clarification. I thought that much, but a lot of quite competent EW analysts seemed to say that the move didn't look impulsive. so I was doubtful.

Sorry to hear about the trouble Ukraine situation causes to you. It's bad enough to know it affects someone, it's weirder to know it affects people you talk to. I made an attempt to follow it closely earlier this year, mainly over on reddit - r/europe. Someone made this over there, which had me laugh about the whole absurdity a bit at least... (I still don't know what a "protoukr" is, though)

masterluc

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Rebound from 340 low more and more looks like impulse. And if so, I think price is currently in 4 of 1 wave from 340 low.

Sorry about no pics, I am away from terminal, civil war is going on here in Ukraine. US and dollar, god damn you. I hope nuclear bombs around pacific and atlantic beach already ticking for all that they'd done in world.

JustAnotherSheep

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Quote from: oda.krell on June 07, 2014, 03:07:50 PM

Quote from: masterluc on June 07, 2014, 02:43:46 PM

Continuation

I'm not well versed enough in EW, so I'll have to ask, continuation of the recent upwards move, or a larger corrective trend?

Fairly sure he means a continuation of the upwards move as, if I understand it correctly, a continuation pattern of the bear market would need to be much larger and comprise the entirety of the uptrend.

oda.krell

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Quote from: masterluc on June 07, 2014, 02:43:46 PM

Continuation

I'm not well versed enough in EW, so I'll have to ask, continuation of the recent upwards move, or a larger corrective trend?

masterluc

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Continuation

Bitcoin_is_here_to_stay

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Quote from: masterluc on June 07, 2014, 05:59:58 AM

Triangle 4th appeared since my last post

What do you mean?

T.Stuart

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One Token to Move Anything Anywhere

Quote from: Dalmar on June 07, 2014, 07:32:30 AM

Here's a 'big picture' EW analysis using Mt.Gox + Bitstamp price data:

Sorry, I wasn't specific enough. I mean analysis zooming in on the particular post-bubble times analogous to where we are now.

Dalmar

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Life is short, practice empathy in your life

Quote from: T.Stuart on June 07, 2014, 04:19:09 AM

Out of interest, can anyone give a link to a retrospective Elliot Wave analysis on the previous bubbles?

Here's a 'big picture' EW analysis using Mt.Gox + Bitstamp price data:

cbeast

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Let's talk governance, lipstick, and pigs.

We're stuck between Rule of Thirds. (633+666)/2=649.5 Greed will pump it out. There will be a breakout to 700 soon. Barring fud or a huge dump, we should climb to 733 then magic 777.

masterluc

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Triangle 4th appeared since my last post

T.Stuart

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One Token to Move Anything Anywhere

Quote from: RyNinDaCleM on June 06, 2014, 07:09:34 PM

Don't worry! That's not a valid count anyway.

gizmoh, Y MUST end beyond the end of W unless Y is a triangle. Your (Y) = B is not valid. I can see the rise since $339 as an ABC, but not a wxy.

Out of interest, can anyone give a link to a retrospective Elliot Wave analysis on the previous bubbles?

molecular

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I still maintain my "cup inside cup" view with good confidence.

we're at the area marked in green.

I think we could go as low as 550 (but that would be stretching it quite a bit) and still have the cup & handle valid.

If this holds, we should rally to the low 800s after potentially dropping to around $600 (not necessarily).

Bitcoin_is_here_to_stay

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Quote from: RyNinDaCleM on June 06, 2014, 07:37:25 PM

Quote from: Dalmar on June 06, 2014, 07:33:09 PM

Quote from: windjc on June 06, 2014, 02:00:23 PM

Sigh. 2011 just won't die. I guess fundamentals don't matter. It has to go back to 340 and below. There is no other choice.

Sigh.

DanV doesn't follow bitcoin news/fundamentals. He believes news is misleading for the most part and he can get all the fundamentals from the charts.

Is that a DanV chart? If so, I thought he would've known the rules Undecided

Also, if so, Sorry to gizmoh for grilling ya Tongue

Yeah, it is DanV's chart.

Anyway, looks like head and shoulders forming - where do you guys think it will stop?

RyNinDaCleM

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Legen -wait for it- dary

Quote from: Dalmar on June 06, 2014, 07:33:09 PM

Quote from: windjc on June 06, 2014, 02:00:23 PM

Sigh. 2011 just won't die. I guess fundamentals don't matter. It has to go back to 340 and below. There is no other choice.

Sigh.

DanV doesn't follow bitcoin news/fundamentals. He believes news is misleading for the most part and he can get all the fundamentals from the charts.

Is that a DanV chart? If so, I thought he would've known the rules Undecided

Also, if so, Sorry to gizmoh for grilling ya Tongue

Dalmar

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Life is short, practice empathy in your life

Quote from: windjc on June 06, 2014, 02:00:23 PM

Sigh. 2011 just won't die. I guess fundamentals don't matter. It has to go back to 340 and below. There is no other choice.

Sigh.

DanV doesn't follow bitcoin fundamentals. He believes news is misleading for the most part and he can get all the fundamentals from the charts.

RyNinDaCleM

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Legen -wait for it- dary

Quote from: windjc on June 06, 2014, 02:00:23 PM

Quote from: gizmoh on June 06, 2014, 07:54:12 AM

https://www.tradingview.com/v/qm7cnu9V/

Sigh. 2011 just won't die. I guess fundamentals don't matter. It has to go back to 340 and below. There is no other choice.

Sigh.

Don't worry! That's not a valid count anyway.

gizmoh, Y MUST end beyond the end of W unless Y is a triangle. Your (Y) = B is not valid. I can see the rise since $339 as an ABC, but not a wxy.

zimmah

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Quote from: CEG5952 on June 06, 2014, 05:00:20 PM

Quote from: zimmah on June 06, 2014, 04:49:29 PM

it hasn't gone below $645 yet though. Although now that it did break the support line it is slightly more likely to fall back to $630.

I agree. I am watching for a local bottom around the $630 level. There is fib confluence there with this short term triangle bottom. This could be a good base for a leg up past $700, IMO.

plausible, let's hope so

CEG5952

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Buy and sell bitcoins,

Quote from: zimmah on June 06, 2014, 04:49:29 PM

it hasn't gone below $645 yet though. Although now that it did break the support line it is slightly more likely to fall back to $630.

I agree. I am watching for a local bottom around the $630 level. There is fib confluence there with this short term triangle bottom. This could be a good base for a leg up past $700, IMO.

zimmah

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Quote from: CEG5952 on June 06, 2014, 04:41:15 PM

Quote from: zimmah on June 06, 2014, 03:42:08 PM

Quote from: boumalo on June 06, 2014, 03:37:59 PM

Quote from: zimmah on June 06, 2014, 12:33:54 PM

Support line still holding strong, indicating a 1.85% increase per day if it stays at the lower band.

At the current price that's about $12 per day

Having 10BTC means you could get 3600USD per month potentially tax free Wink

sadly, it has been broken just now, I hope it will recover but it's not looking good at the moment.

Interesting. You were the one who said it would not go below $645 a couple days ago, right? Have you revised that opinion? Cheesy

it hasn't gone below $645 yet though. Although now that it did break the support line it is slightly more likely to fall back to $630.

CEG5952

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Buy and sell bitcoins,

Quote from: zimmah on June 06, 2014, 03:42:08 PM

Quote from: boumalo on June 06, 2014, 03:37:59 PM

Quote from: zimmah on June 06, 2014, 12:33:54 PM

Support line still holding strong, indicating a 1.85% increase per day if it stays at the lower band.

At the current price that's about $12 per day

Having 10BTC means you could get 3600USD per month potentially tax free Wink

sadly, it has been broken just now, I hope it will recover but it's not looking good at the moment.

Interesting. You were the one who said it would not go below $645 a couple days ago, right? Have you revised that opinion? Cheesy

Topic: Analysis - page 256. (Read 941563 times)