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Topic: Analysis - page 96. (Read 941567 times)

full member
Activity: 127
Merit: 100
January 11, 2017, 02:34:18 PM
From masterlucs Russian thread using google translate

https://m.vk.com/bitcoin_vanga


"This time the pain and it is unlikely in the shortest possible time is expected to continue the feast. Those who did not sell - you'd expect the bottom and a rebound of 62%. More than confident that the level of about 1000 price soon overtake, but further - alas. Rebound is expected to be one of the following below Fibo levels. Of course 524 is highly unlikely, but those higher - quite.

And then we will be long and hard to draw a counter-trend channel (handle). It takes six months to a year.

This Buble something that does not happen that happened in the past and it was my anchor.
1. Before draining noticeably did not shoot light. Usually, it was and it meant the end for a few days.
2. Before any discharge has not been expressed triangle. It is not something that normally - he was always in the 4th wave at him, I was guided in counts as a surveyor on the device.

In general, I am now blind, as this is the Wang. These anchors are used to work as a clock and brought me a lot of money. It's a pity. We seek the following."


I guess I still need that translating. What the hell does that all mean?

Summarizing my translation of that translation here...

a) He's still confident that 1000 will soon be taken, expecting a rebound on one of the fibo levels (not expecting $524, but need to go lower)
b) It will take 6 months to a year to draw a counter trend channel which acts as a handle for the cup
c) ML's observation is that this bubble is acting different compared to past ones
-- before the dump it didn't have as much fomo as expected
-- in the past bubbles, there were no triangles before dumps. its uncommon, it was always a 4th wave though. he used this indicator to determine the top
d) he has no idea what is going on since his indicators he used previously (to determine that this was a bubble) used to bring him a lot of money, and now they don't

Edit: would've been nice if the link to the chart was given too, so here it is. https://www.tradingview.com/x/eWjUoUfC/

What does it mean when the Jedi can no longer see?
legendary
Activity: 1806
Merit: 1164
January 11, 2017, 02:28:31 PM
CryptoWaves 5 days ago predicted another leg down as low as $705 on BitFinex before resuming advance.
full member
Activity: 203
Merit: 151
January 11, 2017, 02:21:40 PM
From masterlucs Russian thread using google translate

https://m.vk.com/bitcoin_vanga


"This time the pain and it is unlikely in the shortest possible time is expected to continue the feast. Those who did not sell - you'd expect the bottom and a rebound of 62%. More than confident that the level of about 1000 price soon overtake, but further - alas. Rebound is expected to be one of the following below Fibo levels. Of course 524 is highly unlikely, but those higher - quite.

And then we will be long and hard to draw a counter-trend channel (handle). It takes six months to a year.

This Buble something that does not happen that happened in the past and it was my anchor.
1. Before draining noticeably did not shoot light. Usually, it was and it meant the end for a few days.
2. Before any discharge has not been expressed triangle. It is not something that normally - he was always in the 4th wave at him, I was guided in counts as a surveyor on the device.

In general, I am now blind, as this is the Wang. These anchors are used to work as a clock and brought me a lot of money. It's a pity. We seek the following."


I guess I still need that translating. What the hell does that all mean?

Summarizing my translation of that translation here...

a) He's still confident that 1000 will soon be taken, expecting a rebound on one of the fibo levels (not expecting $524, but need to go lower)
b) It will take 6 months to a year to draw a counter trend channel which acts as a handle for the cup
c) ML's observation is that this bubble is acting different compared to past ones
-- before the dump it didn't have as much fomo as expected
-- in the past bubbles, there were no triangles before dumps. its uncommon, it was always a 4th wave though. he used this indicator to determine the top
d) he has no idea what is going on since his indicators he used previously (to determine that this was a bubble) used to bring him a lot of money, and now they don't

Edit: would've been nice if the link to the chart was given too, so here it is. https://www.tradingview.com/x/eWjUoUfC/
legendary
Activity: 1358
Merit: 1016
January 11, 2017, 01:59:57 PM
From masterlucs Russian thread using google translate

https://m.vk.com/bitcoin_vanga


"This time the pain and it is unlikely in the shortest possible time is expected to continue the feast. Those who did not sell - you'd expect the bottom and a rebound of 62%. More than confident that the level of about 1000 price soon overtake, but further - alas. Rebound is expected to be one of the following below Fibo levels. Of course 524 is highly unlikely, but those higher - quite.

And then we will be long and hard to draw a counter-trend channel (handle). It takes six months to a year.

This Buble something that does not happen that happened in the past and it was my anchor.
1. Before draining noticeably did not shoot light. Usually, it was and it meant the end for a few days.
2. Before any discharge has not been expressed triangle. It is not something that normally - he was always in the 4th wave at him, I was guided in counts as a surveyor on the device.

In general, I am now blind, as this is the Wang. These anchors are used to work as a clock and brought me a lot of money. It's a pity. We seek the following."


I guess I still need that translating. What the hell does that all mean?
hero member
Activity: 665
Merit: 500
January 11, 2017, 01:53:31 PM
From masterlucs Russian thread using google translate

https://m.vk.com/bitcoin_vanga


"This time the pain and it is unlikely in the shortest possible time is expected to continue the feast. Those who did not sell - you'd expect the bottom and a rebound of 62%. More than confident that the level of about 1000 price soon overtake, but further - alas. Rebound is expected to be one of the following below Fibo levels. Of course 524 is highly unlikely, but those higher - quite.

And then we will be long and hard to draw a counter-trend channel (handle). It takes six months to a year.

This Buble something that does not happen that happened in the past and it was my anchor.
1. Before draining noticeably did not shoot light. Usually, it was and it meant the end for a few days.
2. Before any discharge has not been expressed triangle. It is not something that normally - he was always in the 4th wave at him, I was guided in counts as a surveyor on the device.

In general, I am now blind, as this is the Wang. These anchors are used to work as a clock and brought me a lot of money. It's a pity. We seek the following."
hero member
Activity: 723
Merit: 503
January 11, 2017, 01:17:05 PM
ML also said bottom of the cup could be 50% from the top, we going there it seems. btw, gg to the guys who made the 1K calls here a few months ago!
ImI
legendary
Activity: 1946
Merit: 1019
January 11, 2017, 12:55:54 PM
780 seems holding well。

If I was a bear/dumper or whatever who wants a crash, I'd be shooting all my powder to get below 780.

Jepp, and if you were a bull/pumper or whatever who wants to moon, you'd be shooting all your powder to get above 780.

And now you see why we have such a nice volume at the moment.  Wink
donator
Activity: 2772
Merit: 1019
January 11, 2017, 12:51:02 PM
780 seems holding well。

If I was a bear/dumper or whatever who wants a crash, I'd be shooting all my powder to get below 780.

It's the critical point that decides wether we wait a couple of months or a year to break the ATH.
legendary
Activity: 1456
Merit: 1000
January 11, 2017, 12:19:27 PM
Apologies I am not ML and apologies for bumping this.


I just have to ask here, didn't ML predict a dump in January and this means we are on course.

Is the dump bullish in ML's mind?

I can't seem to find the beginning of the year prediction.

I cant see how a dump can be Bullish.  He has said in the past that as long as 780 holds nothing changes in terms of his prediction.
hero member
Activity: 843
Merit: 1001
January 11, 2017, 09:53:37 AM
780 seems holding well。
legendary
Activity: 1358
Merit: 1016
January 11, 2017, 09:30:28 AM
Apologies I am not ML and apologies for bumping this.


I just have to ask here, didn't ML predict a dump in January and this means we are on course.

Is the dump bullish in ML's mind?

I can't seem to find the beginning of the year prediction.
sr. member
Activity: 502
Merit: 251
January 06, 2017, 09:36:49 PM
c&h allows down to 50% of cup height deep
that would be around 500$

On Stamp, 1160 high to 150 cup bottom....is 655
newbie
Activity: 5
Merit: 0
January 06, 2017, 08:05:30 PM
c&h allows down to 50% of cup height deep
that would be around 500$
legendary
Activity: 938
Merit: 1013
January 06, 2017, 03:16:30 PM
c&h allows down to 50% of cup height deep
donator
Activity: 2772
Merit: 1019
January 06, 2017, 02:25:43 PM
Are we drawing the handle of the 3-year cup & handle by any chance?


probably if 780 fail. then need to wait another half year of consolidation

What do you mean with "if 780 fail"? If price goes below 780? If so, wouldn't that invalidate the cup & handle because it retraced too much? How deep can it go for the 3-year c&h to still be valid in your opinion?

And what if 780 holds? Could still be cup & handle, no?
legendary
Activity: 938
Merit: 1013
January 06, 2017, 11:53:42 AM
Are we drawing the handle of the 3-year cup & handle by any chance?


probably if 780 fail. then need to wait another half year of consolidation
donator
Activity: 2772
Merit: 1019
January 06, 2017, 10:50:36 AM
and how long would it take to form that handle?

In my opinion using "rule of thumb" timings from "traditional markets" is misguided in bitcoin. Bitcoin has gotten a lot slower, but it still behave much quicker than other, more established markets. Especially when in panic mode like now.

That said, in cup & handle examples I've seen the handle is usually 1/10th to sometimes even 1/2 of the cup itself in time. So a quick handle (days) like this for a 3 year cup would surely be exceptional, but I wouldn't rule the pattern out because of this.

sr. member
Activity: 574
Merit: 251
January 06, 2017, 10:44:03 AM
and how long would it take to form that handle?

donator
Activity: 2772
Merit: 1019
January 06, 2017, 10:32:27 AM
retest of $1000 round number and broken green channel. nothing more so far.

so are we forming the handle yet?

Are we drawing the handle of the 3-year cup & handle by any chance?


I think that's exactly what is happening. But I don't know what I'm talking about.

If so, we'd have to go down not much more than $800 (1/3rd of the runup from bottom to rim) and then break out on volume. That'd be bullish as fuck, of course.
donator
Activity: 2772
Merit: 1019
January 06, 2017, 10:29:55 AM
Do you mean drawing as in deliberately creating the pattern?

No, I didn't mean to imply intention. If I would I would probably use "painting" (as in "painting the tape")
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