Topic: Yet another analyst :) (Read 269579 times)
Continue here. Say all good bye to lucif.
S&P probable top - this time non-confirmation on the A/D line, which is the first top we've had since 2009 with this. Also hindenburg omens and titanic up the wazoo, this is pretty rare.
Does this mean Bitcoin will follow? I don't know, but 'tis the season for crashes coming (September, October)
Does this mean Bitcoin will follow? I don't know, but 'tis the season for crashes coming (September, October)
There is a possible explanation for the whales to keep buying: if they buy up to 125, there are 14k plus resistance, lets say 20k total.
At that point we could enter a positive feedback loop, with just 50k BTC available on Gox. If the flow of BTC from outside Gox
is going to be lower than the local depletion, we might see 180 $. Otherwise, the last whale buy didn't make sense to me.
At that point we could enter a positive feedback loop, with just 50k BTC available on Gox. If the flow of BTC from outside Gox
is going to be lower than the local depletion, we might see 180 $. Otherwise, the last whale buy didn't make sense to me.
Who else thinks so?
I know we're at $115 now, but the continuous touching of all my overbought indicators make it hard for me to take a long position. However, btc was solidly overbought for weeks on the run-up to $266.
Same here, seems a lot of risk... just remember a 3days ago we were 6k BTC to 99.
If we break $110, I will eat my feet.
Good short position here in my opinion.
Good short position here in my opinion.
I know we broke $110 (it was more of an "around" here statement anyway, and I have eaten many feet since then)... but it still hasn't broken by much, and I continue to think this is a good time to sell BTC.
Who else thinks so?
I think we will break $115 soon.
This is clearly an interesting point. If we break $115 for good it can go quite a way over the next days/weeks, summer or not. If we bounce off $115 I still wont turn bearish (we need to break $90 for me to even think about that).
Don't know wether I would go long now if I wasn't already, it seems risky... the fundamentals are sound but not bright, so mood can swing with the controversial news background.
Who else thinks so?
I know we're at $115 now, but the continuous touching of all my overbought indicators make it hard for me to take a long position. However, btc was solidly overbought for weeks on the run-up to $266.
I think we will break $115 soon.
This count looks active still, especially with reverse H&S pattern. But I'd stay away from trading in this triangle, as August was always bearish in Bitcoin.
If we break $110, I will eat my feet.
Good short position here in my opinion.
Good short position here in my opinion.
I know we broke $110 (it was more of an "around" here statement anyway, and I have eaten many feet since then)... but it still hasn't broken by much, and I continue to think this is a good time to sell BTC.
Who else thinks so?
I think we will break $115 soon.
If we break $110, I will eat my feet.
Good short position here in my opinion.
Good short position here in my opinion.
I know we broke $110 (it was more of an "around" here statement anyway, and I have eaten many feet since then)... but it still hasn't broken by much, and I continue to think this is a good time to sell BTC.
Who else thinks so?
Wow, one cent difference from the previous $115.01 top! Is it technically still viable the wave 2 of C???
I don't understand how to read these analyst graphs. Can someone explain
http://www.babypips.com/school/
I don't understand how to read these analyst graphs. Can someone explain
Troubles w/ trend identification in the end of consolidation triangle are normal. That is why it is wise to stay away of trading here. But my honor is my enemy. 10k is not much minus because plus was 14k.
Daily MACD cross is a crap. Lost almost $10k during last month of triangle resolutions. Not much, but not nicely. Did mama said me don't trade in triangles... FUCK.
Need to wait until trend show itself.
Need to wait until trend show itself.
hehe, I guess we trade in very different categories if 10k isn't much.
Care to explain how triangle resolutions & MACD CO work together here? Or should have worked.
I had little trouble identifying tradeable subtrends since the beginning of July. When in doubt, assuming a bias of upward resolution, based on a number of slower indicators, worked well for me. That drastically changed with the August 8th drop. the main reason: mtgox and bitstamp are disconnected in a way that I've rarely seen before. I can't make sense of it :/
Daily MACD cross is a crap. Lost almost $10k during last month of triangle resolutions. Not much, but not nicely. Did mama said me don't trade in triangles... FUCK.
Need to wait until trend show itself.
Need to wait until trend show itself.
Get out of this thread please. Thanks.
This is lucif's thread, a wave-thread, and if lucif doesn't want the nature of the waves to be discussed, no problem. But that is not your business. Thanks.
IMO its a TA thread where one of the most important topic is trends, no necesarilly the metaphysics of waves as in the end of the world talk. There are threads for that, here i think we should stick to the Technical Aspects of bitcoin market waves.
Get out of this thread please. Thanks.
This is lucif's thread, a wave-thread, and if lucif doesn't want the nature of the waves to be discussed, no problem. But that is not your business. Thanks.
Get out of this thread please. Thanks.
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