Wave 5 or wave C | Bitcointalksearch.org

MatTheCat

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Quote from: kireinaha on November 21, 2013, 02:03:13 PM

It would be a new phenomena in the trend of rallies and mini bubbles if bitcoin were to rise again to massive levels after a 50% one day drop in value this week. For that reason I think we`re in a bull trap now, so we`re on the B wave now, or the bullish `return to normal` phase.

IMO, too many new investors were burned by the bumpy ride this week, and it will take a few weeks for them to regain their nerve, if they come back at all. Also, prices are still too high to attract many new investors at this stage. The psychological barrier of buying `one coin` should not be underestimated. I think this little rally will lose steam and we should drop by a good margin this weekend.

That was a fucking good on the money answer and in it, you totally captured my psychology.

I wish I read that before dipping my toes in and buying just 2 coins (at a cost of $1500).

Xer0

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Activity: 826

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°^°

Quote from: antimattercrusader on November 21, 2013, 05:32:54 PM

Even a broken clock is correct twice per day.

2 / 86400000000000 nanoseconds = 0.0000000000023%

Take that for what it's worth.

why nanoseconds?

most clocks dont move second hand permanenty,
so there are 2x1 second a day,
where you expect the clock to be right

2 / (24 * 60 * 60) * 100 = 0.023‰

mvidetto

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I'm not buying this wave 5 business I was under the impression were about to hit a C...

HeliKopterBen

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This is a fourth wave sideways correction. One more leg up imo.

windjc

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Quote from: miztaziggy on November 21, 2013, 01:47:34 PM

So what's the general consensus here?

Are the yellow circles points 5 and B and now we will see a massive drop, or, are they 3 and 4 and we are about to see an explosion?

I think its mostly like the 5th C wave, also known as C.5

windjc

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Merit: 1070

Quote from: kireinaha on November 21, 2013, 02:03:13 PM

It would be a new phenomena in the trend of rallies and mini bubbles if bitcoin were to rise again to massive levels after a 50% one day drop in value this week. For that reason I think we`re in a bull trap now, so we`re on the B wave now, or the bullish `return to normal` phase.

IMO, too many new investors were burned by the bumpy ride this week, and it will take a few weeks for them to regain their nerve, if they come back at all. Also, prices are still too high to attract many new investors at this stage. The psychological barrier of buying `one coin` should not be underestimated. I think this little rally will lose steam and we should drop by a good margin this weekend.

Yeah this has never happened before.

Except, of course, in March. Roll Eyes

You, my bearish friend are going to feel the rath of $1000 BTC in less than 9 days.

antoineph

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funnily enough, that's also true of astrological readings.

proudhon

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EW analysis is awesome because when a movement doesn't fit one possible predicted EW pattern, we can clearly see, after the fact, it perfectly fit another.

wachtwoord

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Quote from: Teal Deer on November 21, 2013, 08:04:50 PM

Can someone explain to this noob what the different waves are/mean?

Tea leaves

Teal Deer

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Can someone explain to this noob what the different waves are/mean?

wachtwoord

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Quote from: btcprice on November 21, 2013, 07:54:57 PM

Quote from: voyagr on November 21, 2013, 05:55:22 PM

wave 3 was the rise from 200+ usd to 900+ usd, followed by a clear correction and retrace which is 4. Now, we're in the final leg = 5.

What usually happens after the final leg = 5?

I think something with Luna.

btcprice

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Quote from: voyagr on November 21, 2013, 05:55:22 PM

wave 3 was the rise from 200+ usd to 900+ usd, followed by a clear correction and retrace which is 4. Now, we're in the final leg = 5.

What usually happens after the final leg = 5?

voyagr

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wave 3 was the rise from 200+ usd to 900+ usd, followed by a clear correction and retrace which is 4. Now, we're in the final leg = 5.

antimattercrusader

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Even a broken clock is correct twice per day.

2 / 86400000000000 nanoseconds = 0.0000000000023%

Take that for what it's worth.

sgbett

legendary

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Quote from: bitcoin carpenter on November 21, 2013, 02:09:50 PM

I agree
If btc go past 1000 I'll buy back what I sold at a 30% loss.
But unless btcchina starts pulling this market back up all I see is mt gox users buying because they don't know how to get there money back to the us

Once they feel safe I believe we will go back down
Then again I'm almost always wrong

When there was a $100+ gap I would have agreed - now that bitstamp is only $20 away, I think those times are over.

I am thinking (perhaps) naively, that now the senate has approved, gox should have much better chance of getting a decent partnership(s?) with US banks.

Then there is just SEPA to sort out. Not sure what the problem there is, as bitstamp seem to be just fine.

Tzupy

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Wave C with some 8 million $ bids more than 'normal', maybe it will morph into a supportive sub-wave, we'll know tomorrow.

bitcoin carpenter

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I agree
If btc go past 1000 I'll buy back what I sold at a 30% loss.
But unless btcchina starts pulling this market back up all I see is mt gox users buying because they don't know how to get there money back to the us

Once they feel safe I believe we will go back down
Then again I'm almost always wrong

notme

legendary

Activity: 1904

Merit: 1002

Quote from: kireinaha on November 21, 2013, 02:03:13 PM

It would be a new phenomena in the trend of rallies and mini bubbles if bitcoin were to rise again to massive levels after a 50% one day drop in value this week. For that reason I think we`re in a bull trap now, so we`re on the B wave now, or the bullish `return to normal` phase.

IMO, too many new investors were burned by the bumpy ride this week, and it will take a few weeks for them to regain their nerve, if they come back at all. Also, prices are still too high to attract many new investors at this stage. The psychological barrier of buying `one coin` should not be underestimated. I think this little rally will lose steam and we should drop by a good margin this weekend.

We are either on the verge of C, or 5 is already in progress. At least a small C is more likely IMO, and it's extent will tell us a lot about what the next few weeks hold.

kireinaha

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Activity: 350

Merit: 253

It would be a new phenomena in the trend of rallies and mini bubbles if bitcoin were to rise again to massive levels after a 50% one day drop in value this week. For that reason I think we`re in a bull trap now, so we`re on the B wave now, or the bullish `return to normal` phase.

IMO, too many new investors were burned by the bumpy ride this week, and it will take a few weeks for them to regain their nerve, if they come back at all. Also, prices are still too high to attract many new investors at this stage. The psychological barrier of buying `one coin` should not be underestimated. I think this little rally will lose steam and we should drop by a good margin this weekend.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: miztaziggy on November 21, 2013, 01:47:34 PM

So what's the general consensus here?

Are the yellow circles points 5 and B and now we will see a massive drop, or, are they 3 and 4 and we are about to see an explosion?

Neither circle can be 4. 4 is a down wave.

Topic: Wave 5 or wave C (Read 2000 times)