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Topic: Critical Levels - EW analysis - page 18. (Read 355110 times)

legendary
Activity: 1260
Merit: 1002
November 15, 2015, 09:14:16 AM
Just did

im not buying anything until it goes below 300.
280 is a good threshold imo.
legendary
Activity: 2002
Merit: 1040
November 15, 2015, 09:00:07 AM
Just did
legendary
Activity: 2170
Merit: 1094
November 15, 2015, 06:31:17 AM
Intermediate abc seems to be building with Okcoin positioning net long by 59%



Shouldn't this have broken by now?
legendary
Activity: 924
Merit: 1001
November 14, 2015, 02:42:39 PM
looking impartial at present. Its hard to say which way this triangle should go but the form is getting better.

legendary
Activity: 1540
Merit: 1003
alan watts is all you need
November 14, 2015, 10:36:25 AM
Intermediate abc seems to be building with Okcoin positioning net long by 59%


good call.

looks like below $300 will work well to shake out weak ones.


edit

would it be correct to conclude bitcoin takes a double dip to properly rebound of a bottom?
legendary
Activity: 924
Merit: 1001
November 14, 2015, 01:49:42 AM
Intermediate abc seems to be building with Okcoin positioning net long by 59%

legendary
Activity: 2156
Merit: 1070
November 12, 2015, 02:59:10 AM
Clearly this was an abc, either wave II species or wave B species. It may carve further lows but once broken out it should retrace at least 62% of the decline.



Is your confirmation of "broken out" that trendline in your chart?
legendary
Activity: 924
Merit: 1001
November 12, 2015, 01:59:44 AM
Clearly this was an abc, either wave II species or wave B species. It may carve further lows but once broken out it should retrace at least 62% of the decline.

legendary
Activity: 1386
Merit: 1009
November 10, 2015, 06:00:16 PM
I guess something subtle has changed in Bitcoin trading mechanics, and chessnut hasn't adjusted yet. I believe that even with all the proper TA, there's still some intuition attached to determining probabilities of various outcomes.

Please elaborate on (bold)
Nevermind, I guess fortif78 has formulated it better. Anyway, I'm not very sure I'm right Grin Gotta get some sleep.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
November 10, 2015, 05:54:52 PM
How about this EW analysis:

Grand scheme of things


And a more close look:


Looking forward to your comments :-)

How would you count that blue I?

Typically, what happens is a declining volume throughout the correction, however, impulsive moves (C-waves included) will always have a rising volume, so a blanket statement like "B has declining volume" isn't exactly right. There is also another variable here. Time frame, or the scale of data being analyzed. This (what I still believe to be) B is a much larger scale than the one you have in your box, so the time frame must also change to accommodate it. Over all, everything since January has been declining volume with a spike in the last rise for a potential C. I also think there is a good chance it was only 3 of C, hence the large spike in volume, and we'll see more upside with a lower volume for a divergence signalling the top. Lets wait and see how things go in this down tick before I say moon
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
November 10, 2015, 05:47:25 PM
Meh it broke downwards :-(

Don't fret! That just means it'll all be over sooner Wink



What exactly do you mean?

Instead of up then down before up, we go down then get the up sooner.
Notice his chart showed a corrective move heading up, implying that more down would come after. However, as we see, it is just going down now, and since this whole movement off $5xx is more of the corrective nature, there should be more up once this finishes. Of course this can all change if we get enough down to make larger moves out of it, but it doesn't seem to be the case yet. For now, I'll say to be happy if we find good support at/above $300 and begin to move up from there in an impulsive fashion
member
Activity: 111
Merit: 10
November 10, 2015, 05:41:21 PM
How about this EW analysis:

Grand scheme of things


And a more close look:


Looking forward to your comments :-)
member
Activity: 98
Merit: 10
November 10, 2015, 05:31:22 PM
I guess something subtle has changed in Bitcoin trading mechanics, and chessnut hasn't adjusted yet. I believe that even with all the proper TA, there's still some intuition attached to determining probabilities of various outcomes.

Please elaborate on (bold)

What's there to elaborate? He just means being in tune with the market.
legendary
Activity: 1540
Merit: 1003
alan watts is all you need
November 10, 2015, 04:55:33 PM
I guess something subtle has changed in Bitcoin trading mechanics, and chessnut hasn't adjusted yet. I believe that even with all the proper TA, there's still some intuition attached to determining probabilities of various outcomes.

Please elaborate on (bold)
legendary
Activity: 1386
Merit: 1009
November 10, 2015, 04:36:17 PM
I guess something subtle has changed in Bitcoin trading mechanics, and chessnut hasn't adjusted yet. I believe that even with all the proper TA, there's still some intuition attached to determining probabilities of various outcomes.
newbie
Activity: 53
Merit: 0
November 10, 2015, 02:07:29 PM
Meh it broke downwards :-(

Don't fret! That just means it'll all be over sooner Wink



What exactly do you mean?
newbie
Activity: 57
Merit: 0
November 10, 2015, 01:43:55 PM
At this point in time the triangle seems to have taken aim to the upside. good form. This might not be the beginning of bullish continuation but bullish none the less.

img removed

Chestnut called the triangle end before it ended!
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
November 10, 2015, 12:10:23 PM
Meh it broke downwards :-(

Don't fret! That just means it'll all be over sooner Wink
legendary
Activity: 1260
Merit: 1002
November 10, 2015, 10:47:18 AM
Meh it broke downwards :-(

meh. EW.
member
Activity: 111
Merit: 10
November 10, 2015, 10:34:45 AM
Meh it broke downwards :-(
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