Panic Selling incoming from weak hands I guess
Topic: Analysis - page 312. (Read 941563 times)
Panic Selling incoming from weak hands I guess
Edit: thoughts from anyone who's not a fuckwad?
Agreed. I apologise, I shouldn't come on the forums when I'm pissed and in a bad mood.
It should be possible to track the movement of such a large sum to the exchanges.
But I still don't know how, do you?
There is a whole topic on that subreddit with a guy dedicated to tracking it.
It should be possible to track the movement of such a large sum to the exchanges.
But I still don't know how, do you?
Looks like it broke up again on all exchanges... If it goes past the ATH now its going to go ballistic. It was a remarkably ugly wedge, it may be a trap.
Any thoughts on this count?
Interesting, I saw similar analysis yersteday. What is timescale, Han?
do we have a cup and handle forming right now?
It all depends on the strength of the next wave down. I was not impressed by the selling in the latest sell off which only reached $970. It remains to be seen whether we touch the prevoius sell off low of $840. This next wave down could easily be the next entry point before another big surge.
970 on mtgox or bitstamp... the latest dip on bitstamp was to sub 950
It all depends on the strength of the next wave down. I was not impressed by the selling in the latest sell off which only reached $970. It remains to be seen whether we touch the prevoius sell off low of $840. This next wave down could easily be the next entry point before another big surge.
That's rather harsh. If Han's count is correct and we completed five waves up it would not be unreasonable for the corrective three waves down to end at 454, which was the wave iv low by his count.
Edit: thoughts from anyone who's not a fuckwad?
Any thoughts on this count?
Just another Garbage Chart?
You've got the blue lines going up, and the red lines going down, so you've got that convention right. You've even made the blue line going up from $470 *thicker* than the others which is just a stroke of genius. Apart from that it's garbage and you would_appear_to_be_wrong. So your prediction is we hit $470 on the 6th?
You think it'll eventually retest support or consolidate at 5000 CNY?
I don't like this overlap happened on btcchina
Good points. Ever since bitcoin price hit $1000 some friends are now finally asking for advice on buying bitcoin. Not many though.
Friends ask about bitcoin, say that they should buy a bit but really really few actually do it (none that I know).
Most of the people that asked me about it find that it is complicated, nerdy stuff. Bitcoin has appeared four times in different local news sources and not a single bad article though so that might change. Although I have to agree that actually getting bitcoins is more complicated than it should.
Good points. Ever since bitcoin price hit $1000 some friends are now finally asking for advice on buying bitcoin. Not many though.
Friends ask about bitcoin, say that they should buy a bit but really really few actually do it (none that I know).
Most of the people that asked me about it find that it is complicated, nerdy stuff. Bitcoin has appeared four times in different local news sources and not a single bad article though so that might change. Although I have to agree that actually getting bitcoins is more complicated than it should.
Good points. Ever since bitcoin price hit $1000 some friends are now finally asking for advice on buying bitcoin. Not many though.
Where will the rally end?
https://i.imgur.com/I7HHt7w.jpg
This is the most probable place the rally will stop (in my opinion). Considering the strength of the rally, there will probably be an overshoot. The scale on the graph is in log so even though it looks like the rally is soon to end we are talking about a substantial increase from here on. Depending on how fast/slow the rally continues and if there is a strong corrective wave between here and the top the range would be between 2200 and 2500. With overshot, higher.
The rally have to continue to such levels. After Primary 3 there need to be enough "legroom" downwards to Primary 4 so that it doesn't break the wave count.
I also think the mood backs this up. Media is still primarily focusing on bubble, ponzi, pyramid, scam, "you will lose your money", "the government will stop it", "its deflationary" talk. The price is rising on a wall of worry. Even though reddit and the forum postings look positive I cant get rid of the underlying nervousness: is this for real? is this really happening? "There will be an incredible smack down any second"
Early adopter who "get it" are however getting aboard, hence the buying pressure. I don't think there are many regular papa Joes, family type people, non-techies invested yet, they are rare which is why they are upvoted or in the news when it happens. Some of those people will come in and drive Primary 5 to obscene levels next year.
It is getting very close to the point where you will have people come to you for advice how to buy bitcoin that you talked about bitcoin to in the past. The amount of wallets created every day suggest mass adoption with exponential growth.
Don't loose your cool and sell when the smack down comes, the next leg up is going to be the grandest for bitcoin so far, this is just warming up.
https://i.imgur.com/I7HHt7w.jpg
This is the most probable place the rally will stop (in my opinion). Considering the strength of the rally, there will probably be an overshoot. The scale on the graph is in log so even though it looks like the rally is soon to end we are talking about a substantial increase from here on. Depending on how fast/slow the rally continues and if there is a strong corrective wave between here and the top the range would be between 2200 and 2500. With overshot, higher.
The rally have to continue to such levels. After Primary 3 there need to be enough "legroom" downwards to Primary 4 so that it doesn't break the wave count.
I also think the mood backs this up. Media is still primarily focusing on bubble, ponzi, pyramid, scam, "you will lose your money", "the government will stop it", "its deflationary" talk. The price is rising on a wall of worry. Even though reddit and the forum postings look positive I cant get rid of the underlying nervousness: is this for real? is this really happening? "There will be an incredible smack down any second"
Early adopter who "get it" are however getting aboard, hence the buying pressure. I don't think there are many regular papa Joes, family type people, non-techies invested yet, they are rare which is why they are upvoted or in the news when it happens. Some of those people will come in and drive Primary 5 to obscene levels next year.
It is getting very close to the point where you will have people come to you for advice how to buy bitcoin that you talked about bitcoin to in the past. The amount of wallets created every day suggest mass adoption with exponential growth.
Don't loose your cool and sell when the smack down comes, the next leg up is going to be the grandest for bitcoin so far, this is just warming up.
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