I don't think that he has a clear picture in his mind yet, hence some hedging of responses.
I think that future depends on whether market expects LN to work or not.
Sometimes I think that the whole field became complex a bit too fast.
Sequoias require brush fires to reduce competition and grow to be giants, it's a fact.
If btc goes to 5K, the field would be much simplified, for better or worse, but i am not really calling for these numbers.
For me, 7.7K is enough "heat" already.
Topic: Analysis - page 50. (Read 941567 times)
Quote
In order for the community to understand correctly, it is worthwhile to place thoughts on the current situation.
Volumes do not grow when falling. So while falling from ATN is considered a correction in the form of a bull flag or a pennant or something else.
Critical, I think the level of the beginning of the previous bottom, about 7700. Well, in general, closing in the negative zone of the weekly BB. While we close in the positive zone - everything is good from the bullish point of view.
Volumes do not grow when falling. So while falling from ATN is considered a correction in the form of a bull flag or a pennant or something else.
Critical, I think the level of the beginning of the previous bottom, about 7700. Well, in general, closing in the negative zone of the weekly BB. While we close in the positive zone - everything is good from the bullish point of view.
Anyone know what he's saying? What does weekly BB and ATN stand for?
Many people are saying Bitcoin can go down up to 8,000$ while others say it can go down as much as 5,000$ -6000$ which is really an exciting opportunity to see. Right now Bitcoin is hovering aroung 11,000$ and I am looking at it can go back to 13,000$ level before testing the 10,000$ level again or even below it. Looking at the charts it is still clear that the volume is lacking which is not confirming any signs of reversal.
Actually volume hasn't been that bad. The 3day volume is the second biggest daily bottom candle since $200.
All it takes is for some people who have no interest in Bitcoin and are able to sell Bitcoin to bring the price down some. [This is why I fear 'popularity' the empty hype of a crowd in a market] Volume isnt greatly favouring the downside however just on the basis of previous volatility its very feasible to write in a far more negative Bitcoin price then present.
Just because we spike down to a price it doesnt have to be taken as an absolute negative but all the same I think below 8000 is possible. How long that price exists Im not sure. I would be far more adventurous in outlining downside targets just on the general meta of a Richter graph, we swing up and down quite alot and we have seen great highs so its biased not to expect similar negative action.
Im going back to November pricing, 6523 as a previous Fib level relating to the big Fork in summer. Fibonacci 423% rise I think that was from a point people had previously thought might be the top but was more a stop over months. Above and part of the first leg above, is 7468 or 7500 generally, its a top and also confirmed bottom before we reached the much higher ATH
Thats reasonable targets, Im not bearish or bullish especially. Finding that level and reestablishing it as a bottom would of course be bullish for more positive levels. I think it has to hit a rock bottom level to get more interest.
The alternative scenario is time based not a price sell off. If we settle over Chinese new year that also could be a good levelling and stability to work from.
People are referring to 3k directly as a negative scenario but we probably react to echos of that action since then, since there has been alot more news. I also think we can have surprise to the upside with positive news also, if the mood is especially negative that becomes more probable.
Sideways until early Feb at the earliest ... lucifer is still on track.
seems it is going to test the low 9222 again? did the bull market continue or the bear market begin??
Sideways until early Feb at the earliest ... lucifer is still on track.
The discussion now is about a quote almost 4 weeks ago, before the consolidation advanced. Its an semi-outdated quote and I am not sure why it was brought up again.
I asked about the first option because it is not clear when it gonna hit 70k . If you think that it is useless to speak about that , I guess you have already known the answer.
The point is he has newer posts which detail the way forward with less qualification
Following ML's old posts, new posts, and this thread for the past few months has been nothing short of amazing. In order for me to better understand his teaching, I could either learn Russian or learn TA. For me, learning Russian is impossible but learning TA may be worth a shot, though I realize neither I nor anyone can come close to ML's ways. Nonetheless, I would understand his ways better, and learning TA would serve me better in the long-run anyway. I realize there's ample TA resources, but would like to stick to recommendations that are associated with ML. For instance, ML sometimes has referenced Enky who in turn recommended some books: https://btctrading.wordpress.com/2018/01/02/long-term-update-2018-outlook-with-entropic-methods/#comments. But I haven't yet found ML himself make any recommendations. If so, could someone provide me a link to that information? Thanks.
The discussion now is about a quote almost 4 weeks ago, before the consolidation advanced. Its an semi-outdated quote and I am not sure why it was brought up again.
I asked about the first option because it is not clear when it gonna hit 70k . If you think that it is useless to speak about that , I guess you have already known the answer.
The discussion now is about a quote almost 4 weeks ago, before the consolidation advanced. Its an semi-outdated quote and I am not sure why it was brought up again.
We are currently moving with scenario #1. The Bitcoin price fell from 20k to 10k - already happened. Now BTC will consolidate for a bit longer, before going to the moon.
He means this wedge?
I actually do not see this quote on at vanga.vk. Where did this quote originate from?
https://vk.com/bitcoin_vanga?w=wall-130254204_5929
So here I see further options:
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
I have a hard time understanding all 3 of those points to be honest. LOL
Man he knows a lot of non russian people are reading his posts.
Maybe he should start writing bilingual as google translator obviously sucks.
You need to understand TA if you want to understand the post content. As someone who understands TA and doesn't speak Russian, everything he said makes perfect sense. He chooses to share his outlook on the price, and now you're placing demands on him to write in his non-native language to satisfy your needs?
Can you explain the first option for people who dont understand TA at all ?
So here I see further options:
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
I have a hard time understanding all 3 of those points to be honest. LOL
Man he knows a lot of non russian people are reading his posts.
Maybe he should start writing bilingual as google translator obviously sucks.
You need to understand TA if you want to understand the post content. As someone who understands TA and doesn't speak Russian, everything he said makes perfect sense. He chooses to share his outlook on the price, and now you're placing demands on him to write in his non-native language to satisfy your needs?
I actually do not see this quote on at vanga.vk. Where did this quote originate from?
So here I see further options:
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
I have a hard time understanding all 3 of those points to be honest. LOL
Man he knows a lot of non russian people are reading his posts.
Maybe he should start writing bilingual as google translator obviously sucks.
You need to understand TA if you want to understand the post content. As someone who understands TA and doesn't speak Russian, everything he said makes perfect sense. He chooses to share his outlook on the price, and now you're placing demands on him to write in his non-native language to satisfy your needs?
So here I see further options:
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
I have a hard time understanding all 3 of those points to be honest. LOL
Man he knows a lot of non russian people are reading his posts.
Maybe he should start writing bilingual as google translator obviously sucks.
So here I see further options:
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
Consolidation for a month or two. I am actually confused by what he means by #2. Does he mean breakout towards 70k in a month?
So here I see further options:
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
1. The giant triangle from 20k to 10k (+/- maybe a little lower) - with a further exit under 70k. Well, or some kind of consolidation - a flag, a wedge, a pennant ... A month or two
2. The classic output bitcoin from the bear trap is bluntly up. At 70k. Up to a month
3. Deep correction to strong levels 2-5k. A few years. And up to 100k +
I am confused about first option. Does he mean consolidation will continue for two months or we are gonna hit 70k within 2 months ?
He has a website that details his methods if you want to learn. Looks very complicated, like advanced calculus combined with finance.
https://btctrading.wordpress.com/technical-background
How do you know this is Masterluc's blog? I've never seen this before
I forgot actually because I found it last night. All I remember was scrolling deep down in his current blog and found that website. Let me see if I can retrace my steps.
Just read some about the blog. It has been predicted in that blog August of last year that bitcoin will rise to $15,000.
https://twitter.com/Bitcoin_Trading
Enky Nakamura
@Bitcoin_Trading
Bitcoin Trader
btctrading.wordpress.com
Joined June 2009
great analysis, been following for years
He has a website that details his methods if you want to learn. Looks very complicated, like advanced calculus combined with finance.
https://btctrading.wordpress.com/technical-background/
https://btctrading.wordpress.com/technical-background/
How do you know this is Masterluc's blog? I've never seen this before
I forgot actually because I found it last night. All I remember was scrolling deep down in his current blog and found that website. Let me see if I can retrace my steps.
Just read some about the blog. It has been predicted in that blog August of last year that bitcoin will rise to $15,000.
He has a good method's that will help those newly people in bitcoins.
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