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Topic: Analysis - page 43. (Read 941579 times)

legendary
Activity: 1806
Merit: 1521
February 15, 2018, 05:21:22 PM
Masterluc has just posted something very cryptic, I am afraid even Russian native speakers may have problems decoding.

Дecятoчкa мoя, cepeбpянaя
Ha зoлoтoм блюдe пocтaвлeннaя!

Google translate:

Ten of my, silver
On a gold platter set!

My take it he celebrate tens and says that it paves the way to much higher numbers. But some people think it was a prediction of btc/ltc ratio, lol. Wonder what you make out of it. I wish our revered prophet was a bit more specific. On the other thing, crossing 10k, and so vigorously, cannot be a bad thing Wink.

Pretty sure he wouldn't mention LTC if he wiped it off his ass.

Yep, definitely not about LTC. The master doesn't give a shit about altcoins. I take it as a celebration of $10k; I wouldn't read too much into it. Remember, he called for a bounce to $13k, leaving open the possibility for a larger correction (and even lower lows, though his preference was a for a triangle).

My take is the same as before. There should be major resistance at the last consolidation / breakdown level, $11k-13k. I expect significant pullback off that area. If it gets real choppy and a sideways consolidation develops, altcoins will probably do well.
legendary
Activity: 3108
Merit: 1531
yes
February 15, 2018, 05:13:07 PM
It sounds as if the whiskey was good (and he is happy with where we are now after the 'correction' TM...)
newbie
Activity: 28
Merit: 1
February 15, 2018, 04:49:38 PM

Pretty sure he wouldn't mention LTC if he wiped it off his ass.

I know Wink. But other than that, I am not that sure what he means.
legendary
Activity: 2016
Merit: 1259
February 15, 2018, 04:17:36 PM
Masterluc has just posted something very cryptic, I am afraid even Russian native speakers may have problems decoding.

Дecятoчкa мoя, cepeбpянaя
Ha зoлoтoм блюдe пocтaвлeннaя!

Google translate:

Ten of my, silver
On a gold platter set!

My take it he celebrate tens and says that it paves the way to much higher numbers. But some people think it was a prediction of btc/ltc ratio, lol. Wonder what you make out of it. I wish our revered prophet was a bit more specific. On the other thing, crossing 10k, and so vigorously, cannot be a bad thing Wink.

Pretty sure he wouldn't mention LTC if he wiped it off his ass.
newbie
Activity: 28
Merit: 1
February 15, 2018, 03:02:53 PM
Masterluc has just posted something very cryptic, I am afraid even Russian native speakers may have problems decoding.

Дecятoчкa мoя, cepeбpянaя
Ha зoлoтoм блюдe пocтaвлeннaя!

Google translate:

Ten of my, silver
On a gold platter set!

My take it he celebrate tens and says that it paves the way to much higher numbers. But some people think it was a prediction of btc/ltc ratio, lol. Wonder what you make out of it. I wish our revered prophet was a bit more specific. On the other thing, crossing 10k, and so vigorously, cannot be a bad thing Wink.
legendary
Activity: 1596
Merit: 1061
Smile
February 15, 2018, 12:52:31 PM
Any updates? Is he still claiming 10k for the rest of the year ?

think of it like this

what is happening with blockchain tech in the next year - boom


i dont think there is any coin out there (with good developers) that will lose, everyone winning



this is where it gets interesting

double that with a failing bank, stock, financial system and you might get a scenario where - camera film (FIAT) was dumped and digital cameras (CRYPTO) flew off the shelf

this well could be a transference of our financial system
member
Activity: 242
Merit: 14
February 15, 2018, 09:39:54 AM
Any updates? Is he still claiming 10k for the rest of the year ?
legendary
Activity: 1596
Merit: 1061
Smile
February 08, 2018, 03:10:29 PM

hope the bottom $6000 is reach . the triangle will take almost one year to complete??

Alts may take the lead during that time and Bitcoin will stay in shadows until Lightning Network is fully adopted.

sounds like the plan, alts to rally, sideways for bitcoin, then flip those alts, moon time

newbie
Activity: 45
Merit: 0
February 08, 2018, 04:30:55 AM

hope the bottom $6000 is reach . the triangle will take almost one year to complete??

Alts may take the lead during that time and Bitcoin will stay in shadows until Lightning Network is fully adopted.
hero member
Activity: 843
Merit: 1001
February 07, 2018, 07:20:36 PM
Latest from masterluc's account @ vk.com (google translated)



direct url: https://vk.com/wall-130254204_9481

Zooming the graph:



hope the bottom $6000 is reach . the triangle will take almost one year to complete??
legendary
Activity: 1288
Merit: 1087
February 07, 2018, 06:32:35 PM
Also, I get the April and November run-ups mixed up, but I recall Huobi becoming extremely influential on the market in 2013. Analysts had no choice but to pay attention to China. In fact, I recall Masterluc pointed to an overlap on Huobi's chart that signified that the bubble was over. (It was) So I wouldn't attribute everything to Gox.

china wasn't really much of a factor in april. by november gox was taking a firm backseat to china which is why the willy bot stuff doesn't feel like the definitive factor. i think bitstamp overtook gox during that run up too.

i guess gox could still be thought of as the place that sparked all of 2013 but by the end of it real money was leading.
legendary
Activity: 1806
Merit: 1521
February 07, 2018, 06:25:00 PM
wasn't april 2013 full gox? i dunno if i'd trust any figures from a market so much under gox's control. 2011 maybe as its issues were known when it was bought but it was still early days. by 2013 its actions must've been heavily affected by those missing coins.

Maybe so, but the fact remains that the demand still existed. Whether or not the Willy bot was manipulating us, people were still buying at those prices. Considering where the price is now, it seems totally irrelevant, doesn't it?

Also, I get the April and November run-ups mixed up, but I recall Huobi becoming extremely influential on the market in 2013. Analysts had no choice but to pay attention to China. In fact, I recall Masterluc pointed to an overlap on Huobi's chart that signified that the bubble was over. (It was) So I wouldn't attribute everything to Gox.
legendary
Activity: 1260
Merit: 1008
February 07, 2018, 12:06:23 PM
Latest from masterluc's account @ vk.com (google translated)



direct url: https://vk.com/wall-130254204_9481

Zooming the graph:

hero member
Activity: 1022
Merit: 725
February 07, 2018, 05:21:19 AM


Damn, you prediction were so good, I'm gonna follow you right now;)

Can you lend your crystal ball for a few month ?
legendary
Activity: 3108
Merit: 1531
yes
February 07, 2018, 01:52:36 AM
April 2013 was an unintended fork, I believe, that was quickly resolved by the devs. I can remember because it saved my hide (I anticipated a further dive down and was about to miss the train).
No, the unintended Fork was around February and it dipped to around 23 USD.

Thanks for refreshing my memory.
legendary
Activity: 1806
Merit: 1521
February 06, 2018, 06:23:43 PM
If we allow for some slippage and the price holds in this region, the scenario of ML may not be invalid after all. We shall see ...  Roll Eyes

No need. It's my opinion that the internal waves cannot be counted yet. There is no invalidation in an EW sense, except that his preferred count was probably wrong. Like I said, it was too early to count anyway. It was bound to be wrong.

Look at the structure from April 2013. Notice the immediate >80% drop in price that came after the top. Structurally, I see very little difference between these two fractals.

I think he's right that this was the first leg down in a corrective. It could be Wave A of a triangle as he points out. It could be W in a WXY where Y is a higher low (this is the most common structure these days; triangles rarely happen anymore). Or we could be a looking at a zig zag. A zig zag seems unlikely given Bitcoin's historic price action.
legendary
Activity: 3892
Merit: 4331
February 06, 2018, 06:11:23 PM
according to the younger history of Bitcoin after a new ATH the former ATH was tested again.

https://i.imgur.com/I9cdMXG.png

I noticed something else: in both 2013 peaks on the weekly charts we retested the exact value of the last weekly green candle.
This time, though, we went straight down. If the pattern repeats, we ought to repeat the last weekly green at about $18958.
That would be fun, but I give it a low probability.

Less important: I don't think that on the long term charts you should think about intraday values, just the closing ones.
On a closing basis, after $240 peak in April 2013, it bottomed at 68.36, about twice as high as the prior ATH.

Another point: it is not clear yet if we would have a second peak like in 2013 or not. It is possible, but less likely.
member
Activity: 115
Merit: 10
February 06, 2018, 05:21:16 PM
April 2013 was an unintended fork, I believe, that was quickly resolved by the devs. I can remember because it saved my hide (I anticipated a further dive down and was about to miss the train).

So no 100k just messing around with 10k for a year? I’ll go and do something else then.

100k is not ruled out, but the scenario is that such a run up won't happen soon. So packing up, leaving and doing something nice with our life the next period is not a bad idea. Bitcoin will do fine.
No, the unintended Fork was around February and it dipped to around 23 USD. April 2013/was when GOX had a downtime and then 10 minute trading lags and then artificial downtime again while stamp was still trading Wink
legendary
Activity: 3108
Merit: 1531
yes
February 06, 2018, 05:14:27 PM
April 2013 was an unintended fork, I believe, that was quickly resolved by the devs. I can remember because it saved my hide (I anticipated a further dive down and was about to miss the train).

So no 100k just messing around with 10k for a year? I’ll go and do something else then.

100k is not ruled out, but the scenario is that such a run up won't happen soon. So packing up, leaving and doing something nice with your life the next period is not a bad idea. Bitcoin will do fine.
legendary
Activity: 1288
Merit: 1087
February 06, 2018, 04:59:46 PM
What about April 2013?

wasn't april 2013 full gox? i dunno if i'd trust any figures from a market so much under gox's control. 2011 maybe as its issues were known when it was bought but it was still early days. by 2013 its actions must've been heavily affected by those missing coins.
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