Topic: Analysis - page 97. (Read 941582 times)
Didn't ML predict this drop in January? I am pretty sure I saw that somewhere.
780 would be a fail - sell on retrace.
Until daily sma 20 and upper weekly BB holds - thats okay imho
Until daily sma 20 and upper weekly BB holds - thats okay imho
Currently below the weekly BB. 36 hours to get back above before the close.
Do you mean drawing as in deliberately creating the pattern?
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.
Any thoughts, Luc?
780 would be a fail - sell on retrace.
Until daily sma 20 and upper weekly BB holds - thats okay imho
Until daily sma 20 and upper weekly BB holds - thats okay imho
Currently below the weekly BB. 36 hours to get back above before the close.
Are we drawing the handle of the 3-year cup & handle by any chance?
780 would be a fail - sell on retrace.
Until daily sma 20 and upper weekly BB holds - thats okay imho
Until daily sma 20 and upper weekly BB holds - thats okay imho
Thanks Luc.
We'll probably stay in the blue channel though, don't you think ? unless some kind of catastrophe happens, it seems like a little correction of the recent spike is just that ; a correction on the way up.
My idea : not very EW I think, but what you often see with resistance, if price bounces off the resistance level a few times and THEN breaks through; the move is even , more powerful. So when we do break $1200, it should be fireworks...
We'll probably stay in the blue channel though, don't you think ? unless some kind of catastrophe happens, it seems like a little correction of the recent spike is just that ; a correction on the way up.
My idea : not very EW I think, but what you often see with resistance, if price bounces off the resistance level a few times and THEN breaks through; the move is even , more powerful. So when we do break $1200, it should be fireworks...
True. And there is often a "backtest" in other traditional markets (happens alot in gold). BTC hits 1400-1500, retest 1200, then explodes up.
Right price almost recover to 1000 again and for next few days it will go steady, expect to explode by 20th this month and latter then we will have some big event that will be influencing the price change. I just hope this wont be backfired at the end.
Thanks Luc.
We'll probably stay in the blue channel though, don't you think ? unless some kind of catastrophe happens, it seems like a little correction of the recent spike is just that ; a correction on the way up.
My idea : not very EW I think, but what you often see with resistance, if price bounces off the resistance level a few times and THEN breaks through; the move is even , more powerful. So when we do break $1200, it should be fireworks...
We'll probably stay in the blue channel though, don't you think ? unless some kind of catastrophe happens, it seems like a little correction of the recent spike is just that ; a correction on the way up.
My idea : not very EW I think, but what you often see with resistance, if price bounces off the resistance level a few times and THEN breaks through; the move is even , more powerful. So when we do break $1200, it should be fireworks...
True. And there is often a "backtest" in other traditional markets (happens alot in gold). BTC hits 1400-1500, retest 1200, then explodes up.
Longs got crushed just below the Bitcorn ultimate ATHs in USD (1163 on Stamp and 1175 Finex). It seems totally expected given the quick price rise of the last week coupled with the euphoria of approaching ATH, people went margin long. Some whale(s) simply took advantage and made a killing.
IMO we will be back over 1k USD in a day or two and the Honey Badger will continue to do what it does best.
IMO we will be back over 1k USD in a day or two and the Honey Badger will continue to do what it does best.
retest of $1000 round number and broken green channel. nothing more so far.
so are we forming the handle yet?
Guys, isn't this just a normal correction? Just some people taking profits ?
yeah, profit-taking plus some panic. I'd like to explain it that way, but the sheer size of the selloff fuels some fear that it might be something fundamental we don't yet know about.
It might also be "manipulation" in the sense that a break of the ATH had to be avoided at all cost and a sell-off was triggered by heavy shorting and/or pure selling of coins acquired earlier by adversaries with intention to harm bitcoin (or just simply market participants who want to move price their way). We've seen this happen before at critical points. On the other hand of course: critical points have much power, also to the downside if they are rejected. Market was extremely overbought, so this might just be market mechanics after all.
In the end it doesn't matter and this thing will just be a mere blip in bitcoins chart.
one possible theory: https://bitcointalksearch.org/topic/m.17410080
Guys, isn't this just a normal correction? Just some people taking profits ?
yeah, profit-taking plus some panic. I'd like to explain it that way, but the sheer size of the selloff fuels some fear that it might be something fundamental we don't yet know about.
It might also be "manipulation" in the sense that a break of the ATH had to be avoided at all cost and a sell-off was triggered by heavy shorting and/or pure selling of coins acquired earlier by adversaries with intention to harm bitcoin (or just simply market participants who want to move price their way). We've seen this happen before at critical points. On the other hand of course: critical points have much power, also to the downside if they are rejected. Market was extremely overbought, so this might just be market mechanics after all.
In the end it doesn't matter and this thing will just be a mere blip in bitcoins chart.
^
Guys, isn't this just a normal correction? Just some people taking profits ?
yeah, profit-taking plus some panic. I'd like to explain it that way, but the sheer size of the selloff fuels some fear that it might be something fundamental we don't yet know about.
It might also be "manipulation" in the sense that a break of the ATH had to be avoided at all cost and a sell-off was triggered by heavy shorting and/or pure selling of coins acquired earlier by adversaries with intention to harm bitcoin (or just simply market participants who want to move price their way). We've seen this happen before at critical points. On the other hand of course: critical points have much power, also to the downside if they are rejected. Market was extremely overbought, so this might just be market mechanics after all.
In the end it doesn't matter and this thing will just be a mere blip in bitcoins chart.
Guys, isn't this just a normal correction? Just some people taking profits ?
Idk man, this crash just doesn't look good.
let´s just hope this wasn´t insider knowledge dumping. because the news must be very bad then.
Idk man, this crash just doesn't look good.
Huobi often freezes when there are strong moves. At least OKCoin is functional when this happens.
and whats up with huobi? it has frozen numbers for 2+ hours.
Thanks Luc.
We'll probably stay in the blue channel though, don't you think ? unless some kind of catastrophe happens, it seems like a little correction of the recent spike is just that ; a correction on the way up.
My idea : not very EW I think, but what you often see with resistance, if price bounces off the resistance level a few times and THEN breaks through; the move is even , more powerful. So when we do break $1200, it should be fireworks...
We'll probably stay in the blue channel though, don't you think ? unless some kind of catastrophe happens, it seems like a little correction of the recent spike is just that ; a correction on the way up.
My idea : not very EW I think, but what you often see with resistance, if price bounces off the resistance level a few times and THEN breaks through; the move is even , more powerful. So when we do break $1200, it should be fireworks...
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