Topic: Analysis - page 98. (Read 941567 times)
retest of $1000 round number and broken green channel. nothing more so far.
Does EW explain this bloodbath? L we really need to hear from you!
Thanks for coming by and giving us an update Masterluc.
As always greatly appreciated!
As always greatly appreciated!
holy shit woke up w bitfinex at 1005$ good thing i didn't sell anything.
You'll never see 1000+ unless the artificial tps limit is lifted.
That is a bold statement. Quoted for posterity.
You'll never see 1000+ unless the artificial tps limit is lifted.
That is a bold statement. Quoted for posterity.
Sounds logical, oda.krell.
I could go along with that. So, it sounds like Coinbase and Poloniex for U.S.
Thanks for your input.
I could go along with that. So, it sounds like Coinbase and Poloniex for U.S.
Thanks for your input.
Just one quick aside, in reply to the two posts above, then I'll respect this thread again for what it is: the temple of luc ;)
Volume analysis has always been tricky in this market, and I've struggled with it for a long time. I also believe it only became more difficult since most of the volume shifted to the low/no fee exchanges. Direct comparisons between e.g. finex and BTCChina or OKCoin are out of the question for me, so I wouldn't simply average over all volume equally. However, I also go back on what I said & believed a year or so ago: that volume analysis should mainly focus on the big two or three USD "high fee" exchanges. That is (and was) rather naive of me, I can see now.
These days, I look at volume a) through a weighted average across ~5 exchanges, and b) by a kind of min/max 'snapshot' across exchanges, e.g. if a clear volume picture emerges on one, better two of the major exchanges I track, then I assume/believe that this is roughly equivalent to the same volume picture emerging on the single relevant exchange back in the day.
/2cents
Volume analysis has always been tricky in this market, and I've struggled with it for a long time. I also believe it only became more difficult since most of the volume shifted to the low/no fee exchanges. Direct comparisons between e.g. finex and BTCChina or OKCoin are out of the question for me, so I wouldn't simply average over all volume equally. However, I also go back on what I said & believed a year or so ago: that volume analysis should mainly focus on the big two or three USD "high fee" exchanges. That is (and was) rather naive of me, I can see now.
These days, I look at volume a) through a weighted average across ~5 exchanges, and b) by a kind of min/max 'snapshot' across exchanges, e.g. if a clear volume picture emerges on one, better two of the major exchanges I track, then I assume/believe that this is roughly equivalent to the same volume picture emerging on the single relevant exchange back in the day.
/2cents
if you want to regard volume for your analysis you have to make an average accross exchange. Volume has been leaving bitstamp since a while now (in the favor of chinese exchange which are fees free), so it is not accurate to compare volume with the past when more traders where trading on this platform.
Excellent point, Sandman. Thank you very much for commenting, Sir. Much appreciated. Any particular Chinese exchange you recommend for volume analysis? Okay, I see your EDIT. Thanks again, bro.
A bone to chew on for a while.
[img]https://www.tradingview.com/x/8oYWRNHN/[/img
[img]https://www.tradingview.com/x/8oYWRNHN/[/img
if you want to regard volume for your analysis you have to make an average accross exchange. Volume has been leaving bitstamp since a while now (in the favor of chinese exchange which are fees free), so it is not accurate to compare volume with the past when more traders where trading on this platform.
EDIT: latter is hard since volume figures on chinese exchange are flawed (take your own bid as ex).
don't know if should sell some right now and buy lower or just hold my coins. Despite is falling I don't see it falling that much. If you sell at 948$ you might win nothing/very small profit from the buy back
I like what we're seeing at the moment on the weekly. We have broken out to begin our next leg up to $991 before a correction in my opinion. Could we go higher than $991 before a correction? Absolutely!
The next few weeks will be interesting indeed.
EDIT: The first couple of sentences in the largest note on my chart was actually for the previous candle. We just started a new weekly candle.
The next few weeks will be interesting indeed.
EDIT: The first couple of sentences in the largest note on my chart was actually for the previous candle. We just started a new weekly candle.
So cup 'n handle breakout brings the $9800 prediction into play now right?
9800 is the final destination of 3rd wave. c&h target is nearly starting point. It'll be a long trip.So will this trip take 2, 3 or 4 years?
Long term bullish picture looks good. Need wait until december.
I like these arcs so far. However need some more downside...
I like these arcs so far. However need some more downside...
*Thundering applause*
9800$ for historical 3 is not so much. Why so bearish, master?
Probably because he is trying to be conservative
So cup 'n handle breakout brings the $9800 prediction into play now right?
9800 is the final destination of 3rd wave. c&h target is nearly starting point. It'll be a long trip. 
So cup 'n handle breakout brings the $9800 prediction into play now right?
I'm confused too. Waited ages for an update and get sorry I'm in a Russian forum. $9800 sounds ok for me though!
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