Author

Topic: Analysis - page 256. (Read 941596 times)

legendary
Activity: 1470
Merit: 1007
June 07, 2014, 03:16:48 PM
Rebound from 340 low more and more looks like impulse. And if so, I think price is currently in 4 of 1 wave from 340 low.

Sorry about no pics, I am away from terminal, civil war is going on here in Ukraine. US and dollar, god damn you. I hope nuclear bombs around pacific and atlantic beach already ticking for all that they'd done in world.

Thanks for the clarification. I thought that much, but a lot of quite competent EW analysts seemed to say that the move didn't look impulsive. so I was doubtful.


Sorry to hear about the trouble Ukraine situation causes to you. It's bad enough to know it affects someone, it's weirder to know it affects people you talk to. I made an attempt to follow it closely earlier this year, mainly over on reddit - r/europe. Someone made this over there, which had me laugh about the whole absurdity a bit at least... (I still don't know what a "protoukr" is, though)
legendary
Activity: 938
Merit: 1013
June 07, 2014, 02:30:35 PM
Rebound from 340 low more and more looks like impulse. And if so, I think price is currently in 4 of 1 wave from 340 low.

Sorry about no pics, I am away from terminal, civil war is going on here in Ukraine. US and dollar, god damn you. I hope nuclear bombs around pacific and atlantic beach already ticking for all that they'd done in world.
full member
Activity: 239
Merit: 100
June 07, 2014, 02:20:24 PM
Continuation

I'm not well versed enough in EW, so I'll have to ask, continuation of the recent upwards move, or a larger corrective trend?
Fairly sure he means a continuation of the upwards move as, if I understand it correctly, a continuation pattern of the bear market would need to be much larger and comprise the entirety of the uptrend.
legendary
Activity: 1470
Merit: 1007
June 07, 2014, 02:07:50 PM
Continuation

I'm not well versed enough in EW, so I'll have to ask, continuation of the recent upwards move, or a larger corrective trend?
legendary
Activity: 938
Merit: 1013
June 07, 2014, 01:43:46 PM
Continuation
full member
Activity: 336
Merit: 100
June 07, 2014, 01:42:31 PM
Triangle 4th appeared since my last post

What do you mean?
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
June 07, 2014, 12:18:04 PM

Here's a 'big picture' EW analysis using Mt.Gox + Bitstamp price data:


Sorry, I wasn't specific enough. I mean analysis zooming in on the particular post-bubble times analogous to where we are now.
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
June 07, 2014, 06:32:30 AM
Out of interest, can anyone give a link to a retrospective Elliot Wave analysis on the previous bubbles?

Here's a 'big picture' EW analysis using Mt.Gox + Bitstamp price data:

donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
June 07, 2014, 05:18:07 AM
We're stuck between Rule of Thirds. (633+666)/2=649.5 Greed will pump it out. There will be a breakout to 700 soon. Barring fud or a huge dump, we should climb to 733 then magic 777.
legendary
Activity: 938
Merit: 1013
June 07, 2014, 04:59:58 AM
Triangle 4th appeared since my last post
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
June 07, 2014, 03:19:09 AM

Don't worry! That's not a valid count anyway.

gizmoh, Y MUST end beyond the end of W unless Y is a triangle. Your (Y) = B is not valid. I can see the rise since $339 as an ABC, but not a wxy.  Smiley

Out of interest, can anyone give a link to a retrospective Elliot Wave analysis on the previous bubbles?
donator
Activity: 2772
Merit: 1019
June 07, 2014, 02:26:38 AM
I still maintain my "cup inside cup" view with good confidence.



we're at the area marked in green.

I think we could go as low as 550 (but that would be stretching it quite a bit) and still have the cup & handle valid.

If this holds, we should rally to the low 800s after potentially dropping to around $600 (not necessarily).
full member
Activity: 336
Merit: 100
June 06, 2014, 07:40:53 PM
Sigh. 2011 just won't die. I guess fundamentals don't matter. It has to go back to 340 and below. There is no other choice.

Sigh.

DanV doesn't follow bitcoin news/fundamentals. He believes news is misleading for the most part and he can get all the fundamentals from the charts.

Is that a DanV chart? If so, I thought he would've known the rules Undecided
Also, if so,  Sorry to gizmoh for grilling ya Tongue

Yeah, it is DanV's chart.

Anyway, looks like head and shoulders forming - where do you guys think it will stop?
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
June 06, 2014, 06:37:25 PM
Sigh. 2011 just won't die. I guess fundamentals don't matter. It has to go back to 340 and below. There is no other choice.

Sigh.

DanV doesn't follow bitcoin news/fundamentals. He believes news is misleading for the most part and he can get all the fundamentals from the charts.

Is that a DanV chart? If so, I thought he would've known the rules Undecided
Also, if so,  Sorry to gizmoh for grilling ya Tongue
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
June 06, 2014, 06:33:09 PM
Sigh. 2011 just won't die. I guess fundamentals don't matter. It has to go back to 340 and below. There is no other choice.

Sigh.

DanV doesn't follow bitcoin fundamentals. He believes news is misleading for the most part and he can get all the fundamentals from the charts.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
June 06, 2014, 06:09:34 PM

Sigh. 2011 just won't die. I guess fundamentals don't matter. It has to go back to 340 and below. There is no other choice.

Sigh.

Don't worry! That's not a valid count anyway.

gizmoh, Y MUST end beyond the end of W unless Y is a triangle. Your (Y) = B is not valid. I can see the rise since $339 as an ABC, but not a wxy.  Smiley
legendary
Activity: 1106
Merit: 1005
June 06, 2014, 05:28:04 PM
it hasn't gone below $645 yet though. Although now that it did break the support line it is slightly more likely to fall back to $630.

I agree. I am watching for a local bottom around the $630 level. There is fib confluence there with this short term triangle bottom. This could be a good base for a leg up past $700, IMO.



plausible, let's hope so
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
June 06, 2014, 04:00:20 PM
it hasn't gone below $645 yet though. Although now that it did break the support line it is slightly more likely to fall back to $630.

I agree. I am watching for a local bottom around the $630 level. There is fib confluence there with this short term triangle bottom. This could be a good base for a leg up past $700, IMO.

legendary
Activity: 1106
Merit: 1005
June 06, 2014, 03:49:29 PM
Support line still holding strong, indicating a 1.85% increase per day if it stays at the lower band.

At the current price that's about $12 per day



Having 10BTC means you could get 3600USD per month potentially tax free Wink

sadly, it has been broken just now, I hope it will recover but it's not looking good at the moment.

Interesting. You were the one who said it would not go below $645 a couple days ago, right? Have you revised that opinion? Cheesy

it hasn't gone below $645 yet though. Although now that it did break the support line it is slightly more likely to fall back to $630.

hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
June 06, 2014, 03:41:15 PM
Support line still holding strong, indicating a 1.85% increase per day if it stays at the lower band.

At the current price that's about $12 per day



Having 10BTC means you could get 3600USD per month potentially tax free Wink

sadly, it has been broken just now, I hope it will recover but it's not looking good at the moment.

Interesting. You were the one who said it would not go below $645 a couple days ago, right? Have you revised that opinion? Cheesy
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