Here is my current thought on where we possibly might be
Topic: Analysis - page 88. (Read 941579 times)
Who is bitcoin vanga and why is everyone talking about it here? The fact is, nobody knows shit, it's a big fat gamble what's going on. ETF passes: We go high, ETF doesn't pass, people use it as an excuse to dump and get some short positions filled... that's all. The point is, what are you going to do?
I don't want to lose my bitcoin trying to make more bitcoin.
I don't want to lose my bitcoin trying to make more bitcoin.
ML`s stance is very interesting: he does not care at all about EFT, Chinese gov`s "bans", Bitfinex hacks and so on. He is trying to apply Elliot Wave theory to BTC
Some people think TA is the only relevant evaluation of future price action and "fundamentals" such as the ones you outline are just an excuse for people to justify price action taking place. I have a hard time seeing it that way.
Yeah, last time his prediction has failed. He predicted $700 and instead we jumped up to almost $1.300.
The question is: has ML ever failed twice consecutively? AFAK the answer is no. But I`m only Hero member. Legendary members must have a long history following ML`s predictions...
The question is: has ML ever failed twice consecutively? AFAK the answer is no. But I`m only Hero member. Legendary members must have a long history following ML`s predictions...
He has been right a few times with quite stunning accuracy but he also clearly talks his own book in instances where the market moves against him IMO.
Who is bitcoin vanga and why is everyone talking about it here? The fact is, nobody knows shit, it's a big fat gamble what's going on. ETF passes: We go high, ETF doesn't pass, people use it as an excuse to dump and get some short positions filled... that's all. The point is, what are you going to do?
I don't want to lose my bitcoin trying to make more bitcoin.
I don't want to lose my bitcoin trying to make more bitcoin.
ML`s stance is very interesting: he does not care at all about EFT, Chinese gov`s "bans", Bitfinex hacks and so on. He is trying to apply Elliot Wave theory to BTC
Yeah, last time his prediction has failed. He predicted $700 and instead we jumped up to almost $1.300.
The question is: has ML ever failed twice consecutively? AFAK the answer is no. But I`m only Hero member. Legendary members must have a long history following ML`s predictions...
The question is: has ML ever failed twice consecutively? AFAK the answer is no. But I`m only Hero member. Legendary members must have a long history following ML`s predictions...
Who is bitcoin vanga and why is everyone talking about it here? The fact is, nobody knows shit, it's a big fat gamble what's going on. ETF passes: We go high, ETF doesn't pass, people use it as an excuse to dump and get some short positions filled... that's all. The point is, what are you going to do?
I don't want to lose my bitcoin trying to make more bitcoin.
I don't want to lose my bitcoin trying to make more bitcoin.
Bitcoin_Vanga aka Masterluc is bullish. Enjoy his recent chart:
https://vk.com/bitcoin_vanga?z=photo-130254204_456239103%2Falbum-130254204_00%2Frev
https://vk.com/bitcoin_vanga?z=photo-130254204_456239103%2Falbum-130254204_00%2Frev
oh f- ! Sell signal ?? Regarding its last call which was a buy signal:
So if it goes higher from here Master's chart is invalidated?
Bitcoin_Vanga aka Masterluc is bullish. Enjoy his recent chart:
https://vk.com/bitcoin_vanga?z=photo-130254204_456239103%2Falbum-130254204_00%2Frev
https://vk.com/bitcoin_vanga?z=photo-130254204_456239103%2Falbum-130254204_00%2Frev
So I was right about it being bullish 
guess it was a coin flip. My last look I think OBV indicates its strength from volume is not exceeding the high from year beginning. However now I think about it, the exchanges are split and I lack a proper chart to volume and so indicators are not anywhere near accurate 
Is the market big enough that someone has that data and is considering volume consolidated, Im sure someone is
MFI includes volume btw. RSI cant be used singularly
guess it was a coin flip. My last look I think OBV indicates its strength from volume is not exceeding the high from year beginning. However now I think about it, the exchanges are split and I lack a proper chart to volume and so indicators are not anywhere near accurate Is the market big enough that someone has that data and is considering volume consolidated, Im sure someone isAren't you that guy who sold at $900 because of the 'overbought RSI'? lol
MFI includes volume btw. RSI cant be used singularly
I'm actually still reading it. I skimmed over it quickly when I saw it and decided it was worth reading. I just wanted to get it here to this forum for others to read while I'm reading it.
Lots of good and valid points too, but the mind set feels a little 2013 to me overall in terms of perception of market maturity. I'm sure it is still being gamed and ravaged like mad, but something outside the bubble the same old suspects are locked in is brewing.
I read that thing and want those 15min back. Imo its crap.
glad someone else said it first ... but phew, I started reading and then skipped a bit, skipped a bit more faster and skipped straight to the conclusion ... he could have just said "i think bitcoin is going down" in a tweet ... or what did I miss?
A good read in my opinion. ALL TRADERS SHOULD READ THIS: https://medium.com/@PureLogic/is-the-great-cryptosphere-reset-coming-bitcoin-and-cryptocurrencies-a6b5bd716d43#.p8oguxf6u
Some valid points but the author seems to lack appreciation of how far into mainstream bitcoin has entrenched itself. Overall negative article, not sure its worth the 10-15 mins it takes to read it.
Spent several of my valuable minutes reading your crap and clicking your link. That post from luc with the EW update is 2months old and not valid any more. His prediction of 9500 is from last year and still valid but nothing new. Don't waste our time. Thought the master had a new update.
Aren't you that guy who sold at $900 because of the 'overbought RSI'? lol
On the russian forums, masterluc is saying this could be wave 3 of (i) 3?
Or just part of the supercycle wave 3. Google translate is hard to understand.
Long term he is predicting $9500, from extrapolation of previous bubbles, and is saying this move will go far.
Seems very clearly bullish
https://www.tradingview.com/chart/BTCUSD/fvhCAiH9-EW-development/
OR. We are in wave 5 of a new pace of trend. Might be 1600 for top.
Or just part of the supercycle wave 3. Google translate is hard to understand.
Long term he is predicting $9500, from extrapolation of previous bubbles, and is saying this move will go far.
Seems very clearly bullish
https://www.tradingview.com/chart/BTCUSD/fvhCAiH9-EW-development/
OR. We are in wave 5 of a new pace of trend. Might be 1600 for top.
Spent several of my valuable minutes reading your crap and clicking your link. That post from luc with the EW update is 2months old and not valid any more. His prediction of 9500 is from last year and still valid but nothing new. Don't waste our time. Thought the master had a new update.
On the russian forums, masterluc is saying this could be wave 3 of (i) 3?
Or just part of the supercycle wave 3. Google translate is hard to understand.
Long term he is predicting $9500, from extrapolation of previous bubbles, and is saying this move will go far.
Seems very clearly bullish
https://www.tradingview.com/chart/BTCUSD/fvhCAiH9-EW-development/
OR. We are in wave 5 of a new pace of trend. Might be 1600 for top.
Or just part of the supercycle wave 3. Google translate is hard to understand.
Long term he is predicting $9500, from extrapolation of previous bubbles, and is saying this move will go far.
Seems very clearly bullish
https://www.tradingview.com/chart/BTCUSD/fvhCAiH9-EW-development/
OR. We are in wave 5 of a new pace of trend. Might be 1600 for top.
BTCe Actual 2013 ATH broken:
https://bitcoinwisdom.com/markets/btce/btcusd
Use 3 week resolution, its a beautiful sight!
You mean 3 day resolution?https://bitcoinwisdom.com/markets/btce/btcusd
Use 3 week resolution, its a beautiful sight!
Edit: Either way is a beautiful sight.
Meant 1 week.
BTCe Actual 2013 ATH broken:
https://bitcoinwisdom.com/markets/btce/btcusd
Use 3 week resolution, its a beautiful sight!
You mean 3 day resolution?https://bitcoinwisdom.com/markets/btce/btcusd
Use 3 week resolution, its a beautiful sight!
Edit: Either way is a beautiful sight.
Thanks for the good translation. Even though I got the gist of the message from the Afrikoin thread, it's much better this way. Can I tip you some bitcoins?
You're welcome. You can tip if you feel like it, I now have an address in my profile Even though I got the gist of the message from the Afrikoin thread, it's much better this way. Can I tip you some bitcoins?
BTCe Actual 2013 ATH broken:
https://bitcoinwisdom.com/markets/btce/btcusd
Use 3 week resolution, its a beautiful sight!
https://bitcoinwisdom.com/markets/btce/btcusd
Use 3 week resolution, its a beautiful sight!
I must say, though, that something like this HAS happened before. In november 2015: There too was a top weekly candle with a long wick (the only difference is that the weekly candle was green then and not it's red). If we finally break $1140 Bitstamp, I will agree on this being unprecedented.
$1142 was broken.
Will we break $1163 is the question?
yes we will!
As a teaser though :p
I must say, though, that something like this HAS happened before. In november 2015: There too was a top weekly candle with a long wick (the only difference is that the weekly candle was green then and not it's red). If we finally break $1140 Bitstamp, I will agree on this being unprecedented.
$1142 was broken.
Will we break $1163 is the question?
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