Critical Levels - EW analysis - page 73.

Arv1e

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Quote from: chessnut on December 05, 2014, 09:59:15 PM

We are seeing some very bullish price action. Following a corrective zigzag we have a nice primary wave from lows. This must be followed by a move up, probably substantial. given the position of this primary wave, there is a fair chance we are in a minor wave three at the present and could be trending toward 2450 at the time being.

Welcome Back! Grin

Afrikoin

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alan watts is all you need

Quote from: BitCoinNutJob on December 06, 2014, 04:26:05 AM

Quote from: Afrikoin on December 05, 2014, 02:53:55 PM

Did anyone see bulk purchases on stamp at $ 374 ish? just me perhaps overeacting

Yes i saw, there were also bulk buys at bitfinex around the same time

What did you make of it?

I think someone was buying and trying not to get noticed ie noticeably impact the market.

BitCoinNutJob

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Quote from: Afrikoin on December 05, 2014, 02:53:55 PM

Did anyone see bulk purchases on stamp at $ 374 ish? just me perhaps overeacting

Yes i saw, there were also bulk buys at bitfinex around the same time

chessnut

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We are seeing some very bullish price action. Following a corrective zigzag we have a nice primary wave from lows. This must be followed by a move up, probably substantial. given the position of this primary wave, there is a fair chance we are in a minor wave three at the present and could be trending toward 2450 at the time being.

Afrikoin

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alan watts is all you need

Did anyone see bulk purchases on stamp at $ 374 ish? just me perhaps overeacting

RyNinDaCleM

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Legen -wait for it- dary

Quote from: Tzupy on December 04, 2014, 09:45:27 AM

Quote from: RyNinDaCleM on December 02, 2014, 05:39:24 PM

Quote from: Tzupy on December 02, 2014, 01:29:45 PM

I have noticed something, the price movements during the last month, especially in China, look like local versions of a
wave 5 - the rally to 3000CNY, wave A - the correction to 2100CNY, and now what could be developing looks like a wave B,
possibly topping around 2600CNY (or 420$ Bitstamp), which could be a bull trap.

Chart please?

I think it's better to wait for the picture to become clearer before posting a chart.
But someone else had a similar idea: https://bitcointalksearch.org/topic/chart-comparison-882130

Sorry, I just couldn't picture it as you explained it, so I was asking for a visual aid

Tzupy

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Quote from: RyNinDaCleM on December 02, 2014, 05:39:24 PM

Quote from: Tzupy on December 02, 2014, 01:29:45 PM

I have noticed something, the price movements during the last month, especially in China, look like local versions of a
wave 5 - the rally to 3000CNY, wave A - the correction to 2100CNY, and now what could be developing looks like a wave B,
possibly topping around 2600CNY (or 420$ Bitstamp), which could be a bull trap.

Chart please?

I think it's better to wait for the picture to become clearer before posting a chart.
But someone else had a similar idea: https://bitcointalksearch.org/topic/chart-comparison-882130

chessnut

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For the next four days I will be away and might not be able to trade or comment on the market. Dont cling to my analysis if this goes south obviously, as it could.

madmat

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Quote from: chessnut on December 03, 2014, 05:11:40 AM

Quote from: madmat on December 03, 2014, 03:18:37 AM

Where are you chessnut. We miss you in these sideway days.

Im just hibernating, waiting for the beast to move. EW doesnt serve well in the doldrums, I need volatility. Im not going to continue posting charts when I seem to be off at the moment.

OK, is is all i need to know. You keep watching, great. I think we could have some activity tomorrow. Any news from the auction could wake up the beast.

chessnut

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Quote from: madmat on December 03, 2014, 03:18:37 AM

Where are you chessnut. We miss you in these sideway days.

Im just hibernating, waiting for the beast to move. EW doesnt serve well in the doldrums, I need volatility. Im not going to continue posting charts when I seem to be off at the moment.

madmat

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Where are you chessnut. We miss you in these sideway days.

RyNinDaCleM

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Legen -wait for it- dary

Quote from: Tzupy on December 02, 2014, 01:29:45 PM

I have noticed something, the price movements during the last month, especially in China, look like local versions of a
wave 5 - the rally to 3000CNY, wave A - the correction to 2100CNY, and now what could be developing looks like a wave B,
possibly topping around 2600CNY (or 420$ Bitstamp), which could be a bull trap.

Chart please?

Tzupy

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Activity: 2170

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I have noticed something, the price movements during the last month, especially in China, look like local versions of a
wave 5 - the rally to 3000CNY, wave A - the correction to 2100CNY, and now what could be developing looks like a wave B,
possibly topping around 2600CNY (or 420$ Bitstamp), which could be a bull trap.

RyNinDaCleM

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Activity: 2408

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Legen -wait for it- dary

Quote from: podyx on December 01, 2014, 09:24:12 PM

Can we expect this to be a reverse triangle??

IE reversing back up after we have broken down?

That's called a false break

podyx

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Can we expect this to be a reverse triangle??

IE reversing back up after we have broken down?

chessnut

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Quote from: podyx on December 01, 2014, 12:30:14 AM

What happend to going to 3000cny?

I never said it wont happen any more. the bigger picture always dominates the smaller.

podyx

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What happend to going to 3000cny?

chessnut

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This appears to be a triangle breakout. looks like a good thrust will occur to the upside. Id have to assume that we will be range bound from there however.

podyx

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Quote from: podyx on November 29, 2014, 01:22:00 PM

Quote from: chessnut on November 28, 2014, 12:02:35 PM

The very short term count has slightly changed, see here. I do think we need a greater retrace but not necessarily 2260. We might see some incredible strength here.

We have moved in a similar way, do you think we will have another leg down to 2270 before we go up?

chessnut is reading this market really accurate

So where are we headed once we touched 2270-2280?

Chessnut, I'd obviously love to hear your opinion

BitCoinNutJob

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Quote from: wadili89 on November 30, 2014, 01:55:16 AM

Quote from: BitCoinNutJob on November 29, 2014, 04:39:56 AM

Off top of head something like amazon/ebay, full paypal wallet integration or china news/wall street could do this within a few hours, and spark the next bubble.

The good news rise has now reached saturation. Any more integration with payments will put selling pressure which will negate any positive impact.

Rise has to come from some other source, not merchants taking it.

I get your point but i disagree, something like full paypal wallet integration combined with ebay usage and im not selling below say.... $3k - $4k but also would expect much higher prices after if there is no competition/gov stamp out.

The biggest problem with bitcoin is its a pain in the arse to use and unsafe for mainstream.... Why bother. Someone like paypal can solve this at least for a period.

Topic: Critical Levels - EW analysis - page 73. (Read 355110 times)