so i'm wondering. it seems many are expecting the next bubble rally to take off shortly... next couple weeks or months. and i am not saying that it'll happen or it won't. but i wonder, for those of you that expect this to come soon... what kind of price movement would dissuade you? what support level, or support trend line, would it take for you to revise your prediction, if broken?
0 or lower 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27546. (Read 26711452 times)
May 27, 2014, 08:09:35 PM
May 27, 2014, 08:00:37 PM
May 27, 2014, 07:54:07 PM
so i'm wondering. it seems many are expecting the next bubble rally to take off shortly... next couple weeks or months. and i am not saying that it'll happen or it won't. but i wonder, for those of you that expect this to come soon... what kind of price movement would dissuade you? what support level, or support trend line, would it take for you to revise your prediction, if broken?
May 27, 2014, 07:51:22 PM
Just a gut feeling, but I think we're going to revisit the 550-560 range here soon...
May 27, 2014, 07:40:19 PM
Wow.
4 pages of Jorge discussions. Amazing, simply fucking amazing.
Is there a way to ignore posts with related words? Like the word "Jorge" for example.
Would be great.
4 pages of Jorge discussions. Amazing, simply fucking amazing.
Is there a way to ignore posts with related words? Like the word "Jorge" for example.
Would be great.
May 27, 2014, 07:12:02 PM
Hey guys,
we have the 3d EMA crossing at last. Celebrate!
we have the 3d EMA crossing at last. Celebrate!
May 27, 2014, 07:02:52 PM
Looks like the next 12-48 hours will test this rally's local support line.
If that support fails, then the next stop is the 2013 support.
If that support fails, then the next stop is the 2013 support.
May 27, 2014, 07:00:38 PM
May 27, 2014, 06:27:37 PM
Pump and dump.
how many times do you post that? Every hour?You will be the first one I put on ignore...
repeat untill 0
May 27, 2014, 06:22:16 PM
Pump and dump.
how many times do you post that? Every hour?You will be the first one I put on ignore...
May 27, 2014, 06:14:39 PM
on "noise from trend" i disagree. 15m is the lowest i will use that i consider to have acceptable noise/signal ratio. to each his own. the lines only cut through wicks to the extent that they are minor violations. precision is not the purpose -- to reiterate again, i am looking at the shape of the formation. i have fibs on my regular charts, i do not normally chart on wisdom, but we had tagged .786 before falling out of the wedge, which also contributed to my thinking that more down is coming.
like you said, who knows.
Yeah but you know...
there is strict moderate and lax when accepting the support and resistance of trend lines....
then there is just ignoring them entirely and drawing a shape.
I think both of you have valid arguments. There is a case to be made for us going down to 520-550. There is a case to be made for us seeing 600+ before 560.
I am split in the middle here. I will probably buy back more at 520-550 or 600+.
I do think we are getting pretty heavy at this current top. We look like we will probably close the daily candle back under the upper bollinger band, which often means more downside first.
But there is no clear picture, only what people want to see.
May 27, 2014, 06:12:50 PM
on "noise from trend" i disagree. 15m is the lowest i will use that i consider to have acceptable noise/signal ratio. to each his own. the lines only cut through wicks to the extent that they are minor violations. precision is not the purpose -- to reiterate again, i am looking at the shape of the formation. i have fibs on my regular charts, i do not normally chart on wisdom, but we had tagged .786 before falling out of the wedge, which also contributed to my thinking that more down is coming.
like you said, who knows.
Yeah but you know...
there is strict moderate and lax when accepting the support and resistance of trend lines....
then there is just ignoring them entirely and drawing a shape.
who is ignoring them entirely? it was just sloppily drawn. i find it difficult to see how one could deny that this is a wedge, and that the trend line was clearly broken to the downside.
it seems pretty clear to me looking at this that we retraced the high of 597. that doesnt look bullish to me.
May 27, 2014, 06:07:08 PM
on "noise from trend" i disagree. 15m is the lowest i will use that i consider to have acceptable noise/signal ratio. to each his own. the lines only cut through wicks to the extent that they are minor violations. precision is not the purpose -- to reiterate again, i am looking at the shape of the formation. i have fibs on my regular charts, i do not normally chart on wisdom, but we had tagged .786 before falling out of the wedge, which also contributed to my thinking that more down is coming.
like you said, who knows.
Yeah but you know...
there is strict moderate and lax when accepting the support and resistance of trend lines....
then there is just ignoring them entirely and drawing a shape.
May 27, 2014, 06:00:39 PM
May 27, 2014, 05:59:48 PM
2 things jump out here
1. 15 min is too short to separate noise from trend, it just can't be done.
2. Your trend lines cut through candles and wicks all over the place anyway.
To get a seinsible view of the support and resistance of the run itself (ignoring previous support and resistance)
you need to run a 4 hour chart
[snip]
Furthermore to see how the correction is performing inline with the bull run you need to run fib retracements on it
[snip]
and look at volume
nothing to me suggests that we will see any kind of real test of the run until about 640
but who knows really.
on "noise from trend" i disagree. 15m is the lowest i will use that i consider to have acceptable noise/signal ratio. to each his own. the lines only cut through wicks to the extent that they are minor violations. precision is not the purpose -- to reiterate again, i am looking at the shape of the formation. i have fibs on my regular charts, i do not normally chart on wisdom, but we had tagged .786 before falling out of the wedge, which also contributed to my thinking that more down is coming.
like you said, who knows.
May 27, 2014, 05:52:35 PM
Its obviously a W bottom - will breakout soon 
chart?
the bounce up from the 550/551 level seems like a correction to me. looks like we might head down from here. what do you guys think?
If you are NOT trolling, you seem to be too short term, in your thinking/charting.
i am saying that the bounce = corrective in formation. this suggests that the dominant direction is down. it has nothing to do with short term/long term, but rather the formation of the waves.
http://www.elliottwave.net/educational/basictenets/basics3.htm
yes but you are on a 15 min chart
here is the same formation on a 2hr chart. the length of the candles will not change the characteristics of the formation. will it? i don't think so.
2 things jump out here
1. 15 min is too short to separate noise from trend, it just can't be done.
2. Your trend lines cut through candles and wicks all over the place anyway.
To get a seinsible view of the support and resistance of the run itself (ignoring previous support and resistance)
you need to run a 4 hour chart
Furthermore to see how the correction is performing inline with the bull run you need to run fib retracements on it
and look at volume
nothing to me suggests that we will see any kind of real test of the run until about 640
but who knows really.
May 27, 2014, 05:43:26 PM
Its obviously a W bottom - will breakout soon
chart?
the bounce up from the 550/551 level seems like a correction to me. looks like we might head down from here. what do you guys think?
If you are NOT trolling, you seem to be too short term, in your thinking/charting.
i am saying that the bounce = corrective in formation. this suggests that the dominant direction is down. it has nothing to do with short term/long term, but rather the formation of the waves.
http://www.elliottwave.net/educational/basictenets/basics3.htm
yes but you are on a 15 min chart
here is the same formation on a 2hr chart. the length of the candles will not change the characteristics of the formation. will it? i don't think so.
May 27, 2014, 05:37:14 PM
Its obviously a W bottom - will breakout soon
chart?
the bounce up from the 550/551 level seems like a correction to me. looks like we might head down from here. what do you guys think?
If you are NOT trolling, you seem to be too short term, in your thinking/charting.
i am saying that the bounce = corrective in formation. this suggests that the dominant direction is down. it has nothing to do with short term/long term, but rather the formation of the waves.
http://www.elliottwave.net/educational/basictenets/basics3.htm
yes but you are on a 15 min chart
May 27, 2014, 05:28:24 PM
Its obviously a W bottom - will breakout soon
chart?
the bounce up from the 550/551 level seems like a correction to me. looks like we might head down from here. what do you guys think?
If you are NOT trolling, you seem to be too short term, in your thinking/charting.
i am saying that the bounce = corrective in formation. this suggests that the dominant direction is down. it has nothing to do with short term/long term, but rather the formation of the waves.
http://www.elliottwave.net/educational/basictenets/basics3.htm
May 27, 2014, 05:24:55 PM
QuickCoin is a great way of doing this. You can send 3 times per minute to people who have a FB account but have not even heard of Bitcoin. I will send to all my FB friends..
[/quote]
And Risto now has 1000 FB friends.
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