Topic: Analysis - page 301. (Read 941596 times)

As another noob to TA I'd like to know as well.

I keep looking at this
https://www.tradingview.com/e/M1ZPd859/
and wondering what's wrong with it.

To me it says $3000 by Jan is too bullish but $3000 by July is too bearish..

What makes you think this will happen?

Due to waves I have bought back in at these beautiful $700 prices and await the final euphoric spike due to push us above $3000 in late January.

Ferdinand’s assassination was not the cause of WWI.
Due to waves I have bought back in at these beautiful $700 prices and await the final euphoric spike due to push us above $3000 in late January.

I don't make trading decisions based on news )) Never, ever. News follow waves, not visa versa.

If you scroll back topic you will see first warning from me was previous higher high overlap from China on 01 Dec. Sold there about 70%. Second confirmation I got when price hit negative BB zone on China 05 Dec. This is outstanding. Sold all other coins on rebounce. Then hourly sma200 was failed on retest from bottom. This insured me completely. And I wrote about bubble end.

No  mystery here. TA and observance.

Have a look at 2008. Gold DOWN, stocks DOWN.

Then just GTFO.

I am indifferent. 

Long and painful decline. Are you happy?

waveaddict, thanks for observations. Actually main trading decisions were on patterns you pointed to.

Ok, I fear i am coming across of some sort of random antagonist in this thread. So let me clarify...

I have read back on all of masterluc's analysis and for the most part its highly impressive, cohesive and has tracked my sentiments much more time than not. So mad respect there.

However, his latest prediction that we are entering a multi-year bear market is based on the EW theory that he is extrapolating on a logarithmic chart since the beginning of BTC on the markets.

Luc's short term predictions are awesome.

But here is what I believe is happening with this long term prediction. First, we have to suppose that the EW theory is the correct theory to judge BTC long term growth chart. It very well may not be. In fact, there is a really good chance that its not. There is a strong argument that the EW theory for BTC and the S-curve adoption graph are incompatible with each other.

So, I think what is happening with masterluc, is that he is stuck to a EW theory. Now that theory says we are going down for a long time. This flies in the face of the adoption curve and what we are seeing in the REAL world with adoption, eco-system, etc. So Luc has to justify a possible scenario that would make this seemingly ridiculous theory seem plausible. So he answers to this that the stock market is a bubble and when that pops it will spiral effect BTC to the downside. Although this statement flies in the face of what we have seen from investment commodities during stock market down turns.

Now, I guess if the entire US system failed then BTC could be down for several years.

But suggesting that the US economy and/or the stock market will create the EW theory scenario is, in my opinion, simply a concoction of masterlucs imagination.

ORLY? So gold did not go up during the last stock downturn and financial banking crisis?

Making false EW readings does not mean that EW failed. If EW was straight forward and precise, it wouldn't be a theory.

I'm not even going to respond to your second statement because you clearly have not looked at a commodity chart in a long time. People flee commodities and stocks and flock towards cash and bonds during market downturns. The only exception would be during a highly inflationary period which we are not in.