https://www.tradingview.com/chart/BTCUSD/G0GvA6K2-Some-more-pain-or-some-more-gain/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish
Topic: Nights Watch by Afrikoin - page 39. (Read 303310 times)
Good day to everyone,
May 30 2017; BTCUSD In A Pullback That May Not Be Over Yet
We posted a few updates last week for Bitcoin and highlighted a reversal to lower levels. So far there was a nice deep pullback which we firstly thought it may come to an end soon, but after reviewing daily and intraday structure, we think that there can be more weakness or at least sideways price action within current environment. We see wave four which based on time compared to wave 2 may not be over yet. Also bounce on intraday chart from 1840 did not convince me so be careful with this ongoing "bubble". But after all.. what is a market bubble? For me it's something that has to do with "crowd psychology". But if everyone things its a "bubble" then this bubble may not be over yet. Markets normally breaks when its least expected...
source : https://www.tradingview.com/chart/BTCUSD/ukNYlp4n-May-30-2017-BTCUSD-In-A-Pullback-That-May-Not-Be-Over-Yet/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish
May 30 2017; BTCUSD In A Pullback That May Not Be Over Yet
We posted a few updates last week for Bitcoin and highlighted a reversal to lower levels. So far there was a nice deep pullback which we firstly thought it may come to an end soon, but after reviewing daily and intraday structure, we think that there can be more weakness or at least sideways price action within current environment. We see wave four which based on time compared to wave 2 may not be over yet. Also bounce on intraday chart from 1840 did not convince me so be careful with this ongoing "bubble". But after all.. what is a market bubble? For me it's something that has to do with "crowd psychology". But if everyone things its a "bubble" then this bubble may not be over yet. Markets normally breaks when its least expected...
source : https://www.tradingview.com/chart/BTCUSD/ukNYlp4n-May-30-2017-BTCUSD-In-A-Pullback-That-May-Not-Be-Over-Yet/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish
Afrikoin,
thanks, that is very helpful for reference. According to:
"Wave 5 usually ends inside the windows of 62% of 0-3 and equal to 0-3 added to wave 4."
That would give us about 2600 USD per bitcoin on Bitstamp, do I understand it correctly? And thank you again.
thanks, that is very helpful for reference. According to:
"Wave 5 usually ends inside the windows of 62% of 0-3 and equal to 0-3 added to wave 4."
That would give us about 2600 USD per bitcoin on Bitstamp, do I understand it correctly? And thank you again.
Hey there!
great call!
seems you got this right! or close enough ie $2750 on stamp
Could you show us how you worked it out?
#Bitcoin's push higher still looks healthy via Cup & Handle forming. Break of $2,200 on @bitfinex targets $2,500. $BTCUSD
https://twitter.com/ToneVays/status/869248705341292547
https://twitter.com/ToneVays/status/869248705341292547
Here is a six hour bitcoin/usd chart at Bitstamp with Bollinger Bands and RSI. Note how each time price has touched the lower BB there was a buy signal. The fact that price is above the 20 MA (middle band) is very bullish. Price target is $2600 at the upper BB. RSI is moving up but not oversold yet. Looking good.
https://bitcoinnewsmagazine.com/wp-content/uploads/2015/09/screenshot-bitcoinwisdom.com-2017-05-29-15-40-54.png
https://bitcoinnewsmagazine.com/wp-content/uploads/2015/09/screenshot-bitcoinwisdom.com-2017-05-29-15-40-54.png
Thanks.
Similar but different indicator: https://bitcointalksearch.org/topic/m.19262261
Afrikoin I am curious were you long bitcoin and profited at all from the run up from $891 to $2760? Or been in cash the whole time?
PS: still a bitcoiner
PS2: watching how price approaches August 1
What are we waiting for on August 1?
https://medium.com/@jimmysong/bitcoin-uasf-and-skin-in-the-game-7695031c5689
Here is a six hour bitcoin/usd chart at Bitstamp with Bollinger Bands and RSI. Note how each time price has touched the lower BB there was a buy signal. The fact that price is above the 20 MA (middle band) is very bullish. Price target is $2600 at the upper BB. RSI is moving up but not oversold yet. Looking good.
Some resolution on the block size debate?
Afrikoin I am curious were you long bitcoin and profited at all from the run up from $891 to $2760? Or been in cash the whole time?
cash. i could have got in at $1120 when the 5 wave move up had just started, but i didnt think it would go as far as it did. I was still in "wave B" mode.
So i found another coin that was pumping, and came across $etc
traded from $6.5 - $7 to $21
So i am not too disappointed.
Im looking at this bounce, if it has the legs to bounce back, I'll go in.
But then, ive been looking at alts like $etc and $ltc, and they seem to have higher % upside for speculative trades.
so i am not too disappointed.
Plan on putting some profits from alts into BTC and ride any wave that comes.
PS: still a bitcoiner
PS2: watching how price approaches August 1
What are we waiting for on August 1?
its confusing
which is typical when price can break in either direction
no clear signal yet
which is typical when price can break in either direction
no clear signal yet
Do you think we will see the break by the end of this week?
Price will certainly retest all time high eventually anyway, but considering the circumstances stagnation/consolidation lasting for weeks is not on the table or you have other idea, Afrikoin?
The last couple of times we had sharp correction (20%+) short time price development was dictated by external factors ie. news.
its confusing
which is typical when price can break in either direction
no clear signal yet
which is typical when price can break in either direction
no clear signal yet
The current move is looking Healthy?
Ore not? What Did i miss..
Ore not? What Did i miss..
4H chart is not looking healthy.
Any updates?
How is the chart doing ? I think we Will surge in price And go down beceause its red again.
I think iT is a trap for going up ??
How is the chart doing ? I think we Will surge in price And go down beceause its red again.
I think iT is a trap for going up ??
im going with down
I sure hope we don't drop to May 2016 levels
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