That, combined with an (approximate) descending triangle, seem to be some pretty damn strong bearish signals if validated
Topic: Analysis - page 264. (Read 941563 times)
Looks like your inverted cup n' handle is becoming a likelier possibility, luc
That, combined with an (approximate) descending triangle, seem to be some pretty damn strong bearish signals if validated
That, combined with an (approximate) descending triangle, seem to be some pretty damn strong bearish signals if validated
Been a while since we've seen anything in this thread.
I'll just leave this here....
I'll just leave this here....
IMO the inverted cup and handle scenario can only happen if Chinese exchanges would be shut down by their government.
In such a case, most coins from China would be cashed out on Western exchanges, and the result would be a death spiral
similar to the one seen on MtGox before shutting down. If Chinese exchanges will keep operating, this bear market is going
to take a long time to fully deflate. Looking at Huobi, the bottom of the first sub-wave after wave B is significantly higher than
the bottom of corrective wave A, so Huobi is for now less bearish than Bitstamp, maybe there's still some demand in China.
In such a case, most coins from China would be cashed out on Western exchanges, and the result would be a death spiral
similar to the one seen on MtGox before shutting down. If Chinese exchanges will keep operating, this bear market is going
to take a long time to fully deflate. Looking at Huobi, the bottom of the first sub-wave after wave B is significantly higher than
the bottom of corrective wave A, so Huobi is for now less bearish than Bitstamp, maybe there's still some demand in China.
What do others think of Luc's inverted cup and handle suggestion?
Its a dream. No fucking way is that going to happen.
Worst case scenarios is another dip into the low 500s, but we will not be seeing sub 500 again.
Hey guys, first time posting but I've been following this thread for about 4 months. Let me say thank you to all of you who contribute analysis.
What do others think of Luc's inverted cup and handle suggestion? And, where do you think we might see a bottom?
What do others think of Luc's inverted cup and handle suggestion? And, where do you think we might see a bottom?
How about inverted cup and handle? )
Interesting thought, there!
How about inverted cup and handle? )
LOL!
Putin's the devil.
Putin's the devil.
This one's for lucif...
maybe 200$ cheap coins??
that would just work so fine for me (and a lot of people i presume)
According to my nooby historic comparative analysis $400 should be the local bottom/end of wave C. But then again I'm surprised (and a tad bit disappointed) it only stayed there for such a short amount of time. Perhaps a revisit and even breaking lower is possible if this retrace is seen as subwave 2/3? that would just work so fine for me (and a lot of people i presume)
Get your cheap coins while it is down here. May go lower in next few weeks but don't expect $100 prices to ever come again for any meaningful amount of time.
maybe 200$ cheap coins??
that would just work so fine for me (and a lot of people i presume)
I don't know whether gox opened btc outstream or not. But if it will open, all cheap coins (bought with $100+) will arrive into other exchanges where price is much higher. Think about it.
Sure some will, but not all. Most of these people are now realizing how risky it is to leave money on exchanges and learning their lesson so many will also be going to cold storage.
I think it will be a wash.
Bitcoin being deflationary means the price over months and years is destined to go up even if in the short term we are going down.
Bitcoins on sale! Just remember we started the month at above $800 now we are in the mid to low $500 area.
There is more and more bitcoins in circulation everyday so it is inflationary but there is more and more people that adopt it so I also think that the price will go straight up again at some point in the next 10months
Everything is suppose to be fine in Europe and in the States, it is suppose to be a recovery; when everyone understand there is no recovery and when Janet Yellen will declares QE infinity, the Dollar will plunge and Bitcoin will rise; tens of thousands are not out of the question in recent future
I don't know whether gox opened btc outstream or not. But if it will open, all cheap coins (bought with $100+) will arrive into other exchanges where price is much higher. Think about it.
Sure some will, but not all. Most of these people are now realizing how risky it is to leave money on exchanges and learning their lesson so many will also be going to cold storage.
I think it will be a wash.
Bitcoin being deflationary means the price over months and years is destined to go up even if in the short term we are going down.
Bitcoins on sale! Just remember we started the month at above $800 now we are in the mid to low $500 area.
Depends who was buying them. If people who just care to take fast fiat profit are, then they'll dump.
I'd probably sell some at 400-500% profit but I'd surely keep some of those 100$ coins.
I'd probably sell some at 400-500% profit but I'd surely keep some of those 100$ coins.
I don't know whether gox opened btc outstream or not. But if it will open, all cheap coins (bought with $100+) will arrive into other exchanges where price is much higher. Think about it.
Sure some will, but not all. Most of these people are now realizing how risky it is to leave money on exchanges and learning their lesson so many will also be going to cold storage.
I don't know whether gox opened btc outstream or not. But if it will open, all cheap coins (bought with $100+) will arrive into other exchanges where price is much higher. Think about it.
Get your cheap coins while it is down here. May go lower in next few weeks but don't expect $100 prices to ever come again for any meaningful amount of time.
This bullish continuation triangle on bitstamp looks less and less vital
Seems to me a drop to SMA200 on Stamp is getting more likely. Support line of the triangle has been slightly pierced, price is persistently staying there and the candles are getting more squeezed. Given the insignificant distance I suspect a downwards breakout would carry enough momentum to at least short term pierce SMA200 as well, possibly towards bottom or close to it as a repeat of April post-crash patterns.
Would love if some more competent analyst could confirm with actual TA and not just this nonsense
edit: Pic for clearer conveyance of meaning
Would love if some more competent analyst could confirm with actual TA and not just this nonsense
edit: Pic for clearer conveyance of meaning
How high is SMA200 this week? 450USD/BTC?
EDIT: Sorry, wrote reply before charts were visible.
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