Topic: Rally Analysis - page 3. (Read 6129 times)
Fibonacci levels show a channel from $350 to $390 with strong overhead resistance at $430 on Bitstamp:
Hi op and other fellas. This thread is giving away lots of good info.
From what I see any attempt of going beyond 390 on finex failed. If we break that then we can go where koryu said.
From what I see any attempt of going beyond 390 on finex failed. If we break that then we can go where koryu said.
correction looks healthy and very similar to the last one.
10d ma holds since end of september, could be important for the next wave.
my guess we will go to the upper bb again 420+
10d ma holds since end of september, could be important for the next wave.
my guess we will go to the upper bb again 420+
Let's sum up something:
we were at 236$ on October 5th and then an upward movement started. A slow but steady one.
We reached 300$ on October 23rd and that is where "big" players started playing. And then...well you all know we had a pump up to 500$
Then we reached the bottom of 351$ during the recent dump and now we're battling to reach 400$ again.
My question is whether we are going to hit 400$ soon or not. Or we will be going up and down in the range between 350/400$
we were at 236$ on October 5th and then an upward movement started. A slow but steady one.
We reached 300$ on October 23rd and that is where "big" players started playing. And then...well you all know we had a pump up to 500$
Then we reached the bottom of 351$ during the recent dump and now we're battling to reach 400$ again.
My question is whether we are going to hit 400$ soon or not. Or we will be going up and down in the range between 350/400$
I think we'll hit $400 in a few hours. Hopefully it'll creap up slowly then on.
Let's sum up something:
we were at 236$ on October 5th and then an upward movement started. A slow but steady one.
We reached 300$ on October 23rd and that is where "big" players started playing. And then...well you all know we had a pump up to 500$
Then we reached the bottom of 351$ during the recent dump and now we're battling to reach 400$ again.
My question is whether we are going to hit 400$ soon or not. Or we will be going up and down in the range between 350/400$
we were at 236$ on October 5th and then an upward movement started. A slow but steady one.
We reached 300$ on October 23rd and that is where "big" players started playing. And then...well you all know we had a pump up to 500$
Then we reached the bottom of 351$ during the recent dump and now we're battling to reach 400$ again.
My question is whether we are going to hit 400$ soon or not. Or we will be going up and down in the range between 350/400$
Are you talking about the medium trend of the price? Is it better to apply the year line to longer period, such as 5 year graph?
China gives very few fucks about first sell off (LTC)
We're going up and that is what it is. This was a great sell off point, only to make a moon easily in our near future.
thanks 
some more bullish indicators:
today the 365 day moving average changed to increasing. the 50d ma crossed 365d ma after the golden cross.
200ma is on its way up to 365ma for another cross.
some more bullish indicators:
today the 365 day moving average changed to increasing. the 50d ma crossed 365d ma after the golden cross.
200ma is on its way up to 365ma for another cross.
Keep writing OP , it'll be a rally to the ATH 
Thanks for the insight! Great to have another analysis thread to follow
Welcome to my rally analysis thread
I said a while ago, if we go through the upper line of the yearly channel we have a chance for a real rally and then its time to get excited and analyze the new situation.
So let's go...
What happened before?
What now? The "fomo" channel was not sustainable. We are looking for a new support line.
I expect one of this:
360: part of the yearly channel, already tested, triangle is forming on it right now. could be already the low.
340: yearly channel, heavy support expected
320: we already tested this few days ago, I dont think we can fall below it.
I expect 360 was already the lowest and we go up again from here but 340 could happen, 320 is very unlikely.
next posts to come:
- possible long term patterns
- gold-bitcoin anti-correlation / correlation
- why is bitcoin demand increasing
- good and bad news comparison
disclaimer: I am not an expert in ta. I hold bitcoin and am long term bullish.
I said a while ago, if we go through the upper line of the yearly channel we have a chance for a real rally and then its time to get excited and analyze the new situation.
So let's go...
What happened before?
What now? The "fomo" channel was not sustainable. We are looking for a new support line.
I expect one of this:
360: part of the yearly channel, already tested, triangle is forming on it right now. could be already the low.
340: yearly channel, heavy support expected
320: we already tested this few days ago, I dont think we can fall below it.
I expect 360 was already the lowest and we go up again from here but 340 could happen, 320 is very unlikely.
next posts to come:
- possible long term patterns
- gold-bitcoin anti-correlation / correlation
- why is bitcoin demand increasing
- good and bad news comparison
disclaimer: I am not an expert in ta. I hold bitcoin and am long term bullish.
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