Topic: price is gunna start slyding hard down to 130. - page 3. (Read 2259 times)
bitcoin channel seems to think its headed to 70
I think this could still go either way. We could resume the upwards trend from the last days or slide down to 120 to 130 in several waves over the next days.
edit: the next hour or so is critical. if we go down, this is probably part of a larger corrective wave pattern which will continue for a few days, if we go up, this was just a smaller corrective wave to the upwards trend.
edit: the next hour or so is critical. if we go down, this is probably part of a larger corrective wave pattern which will continue for a few days, if we go up, this was just a smaller corrective wave to the upwards trend.
Nice call... IMO recent selling is on high volume with slow accumulation back up... Old skoolers are cashing out...
ya and the fear of it oing below 100 soon. your prob right. the ones that have held for so long are about to sell out
ok .... one more prediction. the current bounce is a dead cat bounce it will fall again and touch 101.10 but not lower. masive support at 101. the fake wall at 160.00 at bitstamp will move onec we see it drop hard. once we see this double dip we will see a nice rise to 130. then a few sell offs but ultamatly they will be bear traps and the price will be at 150 once s
is up and running again
in no time.
edit woops i ment wall at 106...not 160 my bad
is up and running again
in no time.
edit woops i ment wall at 106...not 160 my bad
I think this could still go either way. We could resume the upwards trend from the last days or slide down to 120 to 130 in several waves over the next days.
edit: the next hour or so is critical. if we go down, this is probably part of a larger corrective wave pattern which will continue for a few days, if we go up, this was just a smaller corrective wave to the upwards trend.
edit: the next hour or so is critical. if we go down, this is probably part of a larger corrective wave pattern which will continue for a few days, if we go up, this was just a smaller corrective wave to the upwards trend.
Nice call... IMO recent selling is on high volume with slow accumulation back up... Old skoolers are cashing out...
That was a pretty good prediction 
well this is getting interesting, 106 low so far 
definitely further down than anticipated, but all in one continuous movement. I'm with thetimeisnow on this one, hit 100 support and bounce back up. then wild swings for a while.
definitely further down than anticipated, but all in one continuous movement. I'm with thetimeisnow on this one, hit 100 support and bounce back up. then wild swings for a while.
Just curious as to why you feel it is going to fall? Thanks!
patterns....and i have seen this movie before. but i called it
it went down farther than i thought it would though. haha. prob go to just above 100 and bounce up big. like to 150 again.
sr IS hurting bitcoins. make no mistake
I don't buy the "order of things" theory, like Finobacci, etc. Technical analysis can be effective because traders with big pockets understand it and believe it will be effective.
Elliott waves are not about convincing all the traders, they are trying to predict the whole crowd psychology. Whether they are effective or not is another discussion, though
Elliott Waves are just too complex and subjective. Technical analysis is all about convincing people to buy and sell at given moments: there is no future to predict, only human decisions of traders. Make it complex and traders won't understand it, therefore won't follow it. Technical analysis should be simple: trends and support/resistance lines plus some technical patterns.
Just curious as to why you feel it is going to fall? Thanks!
Also known as idiot waves?
See bottom left part of chartMissed that part
Also known as idiot waves?
See bottom left part of chartThis is the usual slide on holidays/weekends.
It is indeed down now to 130 already.
Are you confident that it will go to 120?
Seems quite likely to me that we will see 121-123. But honestly, the 125 support could also be the end. What's more important, is that the last wave should consist of a five wave pattern, which means that after the next small upward movement, the following slide should be the last (of this pattern, what happens then depends on the larger scale. But I assume we won't drop further down, for now). It is indeed down now to 130 already.
Are you confident that it will go to 120?
This is the usual slide on holidays/weekends.
It is indeed down now to 130 already.
Are you confident that it will go to 120?
It is indeed down now to 130 already.
Are you confident that it will go to 120?
What's your rationale for that prediction?
Elliott Waves.Also known as idiot waves?
129.13 and falling.
130 is still ok
What's your rationale for that prediction?
Elliott Waves.http://i.imgur.com/p0LLtjA.png
I have to correct myself on the timespan, though. This is going a little faster than I thought. At this pace, it will be over today.
What's your rationale for that prediction?
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