Topic: Analysis - page 271. (Read 941563 times)

Yep, because bitcoin is just a stock.

Stocks are done

Bitcoin should eventually follow if the correlation is to continue

Haha very awesome picture

Can't happen before the 31st, the market is completely terrified of the Chinese deadline and there can be no real take off before that.

пoxoжe нe взлeтит

in the meanwhile in an exchange near by  ...

Finally a chart that makes sense 

Funny, an ending diagonal is also in formation on the dow transports

http://www.directupload.net/file/d/3509/8p6yfg38_png.htm

it`s a bad drawn graph,not according to TA-Rules

This one is by professionals:

http://en.wikipedia.org/wiki/Irving_Fisher

Irving Fisher was perhaps the first celebrity economist, but his reputation during his lifetime was irreparably harmed by his public statements, just prior to the Wall Street Crash of 1929, claiming that the stock market had reached "a permanently high plateau."

Stock market crash of 1929

The stock market crash of 1929 and the subsequent Great Depression cost Fisher much of his personal wealth and academic reputation. He famously predicted, three days before the crash, "Stock prices have reached what looks like a permanently high plateau." Irving Fisher stated on October 21 that the market was "only shaking out of the lunatic fringe" and went on to explain why he felt the prices still had not caught up with their real value and should go much higher. On Wednesday, October 23, he announced in a banker’s meeting "security values in most instances were not inflated." For months after the Crash, he continued to assure investors that a recovery was just around the corner. Once the Great Depression was in full force, he did warn that the ongoing drastic deflation was the cause of the disastrous cascading insolvencies then plaguing the American economy because deflation increased the real value of debts fixed in dollar terms. Fisher was so discredited by his 1929 pronouncements and by the failure of a firm he had started that few people took notice of his "debt-deflation" analysis of the Depression. People instead eagerly turned to the ideas of Keynes. Fisher's debt-deflation scenario has since seen a revival since the 1980s.

 

A part of me agrees with this chart wholly. very reasonable and well proportioned.

'few cars'? Are you totaling one each day?

So, its still too risky for you to buy in?

I'm 20% still =) Bought few cars =)

Interesting, other EW specialists have come out with a similar opinion as yours. Like DanV on tradingview: https://www.tradingview.com/v/mfpi2W6F/ . He's talking about a 'Flat Wave' and a 3-3-5 correction going on with a top around 1150 to 1300+ withing the next couple of weeks from now and then a serious correction down. I'm not really sure I understand and believe all of that, but I thought the resemblance with your EW analysis was interesting and was wondering what your thoughts were on this.

Wow. Are we to assume you are back into bitcoins now?

Welcome back, btw. And Happy new year to you too.

i'm having trouble drawing this. 

where is the top of subwave 1 in this formation?

do you have ~ targets for throw-over?

thanks.

Welcome back, lucif!

The bearish impulse had been destroyed by last lower high. This doesn't cancel bearish scenario, but creates a possibility of additional bullish leg up in form of zig-zag (not impulse). I mentioned this possible move when I was 80% out of bitcoins.