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The effect of a stock market correction/crash on cryptos? 4 replies

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Is Bitcoin about to crash?

  • #161
  • Jan 22, 2018 4:11am Jan 22, 2018 4:11am
Looks like the retest of Tuesdays' fake break is holding. Heading north ?
Don't wait for the wind, take to the oars.
  • #162
  • Jan 22, 2018 4:18am Jan 22, 2018 4:18am
Hi all!
I have been through thread and I liked the way how everyone is sharing their review about the Cryptocurrency
In my opinion, this is not the period will crash down it will come to a bit low peaks and would sudden take its all-time high after few months it would come in the list of PUMP and DUMP currency.
  • #163
  • Jan 22, 2018 4:29am Jan 22, 2018 4:29am
Quoting mag00
Who do not know ... ... there is a report on criptocurrencies another point of view ... Bitcoin : quarterly, monthly and weekly timeframe trend: lt=quaterly (N), mt=monthly (L) ... Neutral under 12160,20 (@close monthly bar), bt=WEEKLY timeframe (Neutral)... LONG over 17754$ ...SHORT under 13105.90$ (@close weekly bar) cycles: lt (DowN), mt (DowN), bt (DowN) P.S. (to download for free for a certain period of time) https://www.cicliemercati.it/cryptoraiderreport
Who do not know ...
... there is a report on criptocurrencies

another point of view ...
(is a follow trend view (for buy & holders: weekly timeframe is the minor one))

Bitcoin : quarterly, monthly and weekly timeframe

trend:
lt=quaterly (N),
mt=monthly (N)
bt=WEEKLY timeframe(Sell)... Neutral @touch 15456,85

cycles: lt (DowN), mt (DowN), bt (TerMinating)


P.S.
(to download for free for a certain period of time)
https://www.cicliemercati.it/wp-cont...der-report.pdf
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #164
  • Jan 22, 2018 5:44am Jan 22, 2018 5:44am
BTC falling back a bit. Again, this 50% fib level at 080 will be a test.
  • #165
  • Jan 22, 2018 5:49am Jan 22, 2018 5:49am
Quoting johnnathan
Hi all! I have been through thread and I liked the way how everyone is sharing their review about the Cryptocurrency In my opinion, this is not the period will crash down it will come to a bit low peaks and would sudden take its all-time high after few months it would come in the list of PUMP and DUMP currency.
Hi johnnathan,

BTC has already crashed, as for me a near 60% precipitous fall from the highs is a crash whichever way one looks at it. the discussion now is whether it is going to fall some more, or head back up. At the moment, the jury is out.
  • #166
  • Jan 22, 2018 7:26am Jan 22, 2018 7:26am
50% has gone. 10,000 once again awaits, and this will be a massive test for BTC this afternoon if the price gets through the 61.8%.
  • #167
  • Jan 22, 2018 10:07am Jan 22, 2018 10:07am
Ha! Ha! Ha! Go out and about in the real world, come back 4 hours later, check up on cyber space and Bitcoin is not sure of itself. Looks like it wants to test the low of the fake break of last Wednesday. Will it hold ?
Don't wait for the wind, take to the oars.
  • #168
  • Jan 23, 2018 1:13am Jan 23, 2018 1:13am
BTC found support on the 76.4% plotted from the 17th Jan low, but as I type it's hanging on by its finger nails and a break to new lows would come as no surprise this morning. It's in the balance!
  • #169
  • Jan 23, 2018 2:58am Jan 23, 2018 2:58am
Nice rejection of the 76.4%, so out of the woods for now.
  • #170
  • Jan 23, 2018 3:22am Jan 23, 2018 3:22am
Quoting cat
Nice rejection of the 76.4%, so out of the woods for now.
just some "last" buyers trying to move price up...they will be smushed in no time.

Do you trade BTC live account?
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #171
  • Jan 23, 2018 3:27am Jan 23, 2018 3:27am
Quoting Trader-Waldo
{quote} just some "last" buyers trying to move price up...they will be smushed in no time. Do you trade BTC live account?
i do
  • #172
  • Jan 23, 2018 3:51am Jan 23, 2018 3:51am
Quoting Trader-Waldo
{quote} just some "last" buyers trying to move price up...they will be smushed in no time. Do you trade BTC live account?
With a 100 pip spread? RU joking!

This is just TA for those who are interested. I am primarily a Dax and GJ trader.

I began with a £200 account, so haven't built it up to the levels where I can blow thousands on a losing trade unfortunately.
  • #173
  • Jan 23, 2018 4:46am Jan 23, 2018 4:46am
Quoting cat
{quote} With a 100 pip spread? RU joking! This is just TA for those who are interested. I am primarily a Dax and GJ trader. I began with a £200 account, so haven't built it up to the levels where I can blow thousands on a losing trade unfortunately.
me too. I just joined to you in TA....you started good threads.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #174
  • Jan 23, 2018 5:11am Jan 23, 2018 5:11am
Quoting Trader-Waldo
{quote} me too. I just joined to you in TA....you started good threads.
Thank You, and you are welcome on any of them.
  • #175
  • Jan 23, 2018 10:00am Jan 23, 2018 10:00am
76.4% fibonacci level from the Jan 17th low has held for today. Price may now rise back up to the H2 100sma at 11,750, and then onto the 200ema at 12,680. From either of these, it can roll over again, but for me it is significant that today's support held.
  • #176
  • Jan 23, 2018 11:04am Jan 23, 2018 11:04am
Quoting mag00
{quote} Btc (D) the news is that ... it could be a fifth (@9189) if the ... ... climb will be over 47% (to be confirmed) it is advisable to wait for the trendline break P.S. (TP 21.4k) {image}
Btc (D)

two anomalies:

i) the alpha of the dynamic support of "presumed" fifth wave (1st of bull market) is ...
... lower than that of the third one

ii) Rmi breaks through the 40% level
(which is support for a bull market)

P.S.
(maybe ...) (be = break even)
Attached Image (click to enlarge)
Click to Enlarge Name: Btc (D).png Size: 58 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #177
  • Jan 23, 2018 11:21am Jan 23, 2018 11:21am
Quoting mag00
{quote} Btc (D) two anomalies: i) the alpha of the dynamic support of "presumed" fifth wave (1st of bull market) is ... ... lower than that of the third one ii) Rmi breaks through the 40% level (which is support for a bull market) P.S. (maybe ...) (be = break even) {image}
What does it mean in simple English?
  • #178
  • Jan 23, 2018 11:34am Jan 23, 2018 11:34am
Quoting honesttrader
{quote} What does it mean in simple English?
Reminds me of a passage in the first chapter of a book I read when I was a lad - ' My early life ' by Winston Churchill...

Churchill relates a story about the discursive game his Latin teacher played:

‘This is a Latin grammar.’ [The teacher] opened [the textbook] at a well-thumbed page. ‘You must learn this,’ he said, pointing to a number of words in a frame of lines …
What on earth did it mean? Where was the sense of it? It seemed absolute rigmarole to me. However, there was one thing I could always do: I could learn it by heart …
‘Have you learnt it?’ he asked.
‘I think I can say it, sir,’ I replied; and I gabbled it off.
He seemed so satisfied with this that I was emboldened to ask a question …
‘But,’ I repeated, ‘what does it mean?’
‘Mensa means a table,’ he answered.
‘Then why does mensa also mean O table,’ I enquired, ‘and what does O table mean?’ …
“O table,—you would use that in addressing a table, in invoking a table.’
‘But I never do,’ I blurted out in honest amazement.
‘If you are impertinent, you will be punished, and punished, let me tell you, very severely,’ was his conclusive rejoinder.
Such was my introduction to the classics from which, I have been told, many of our cleverest men have derived so much solace and profit …
  • #179
  • Edited 1:39pm Jan 23, 2018 11:36am | Edited 1:39pm
Quoting honesttrader
{quote} What does it mean in simple English?
Hey honesttrader,

technically ...

the slope (alpha) of the three UPwaves (1st=17%,3rd=47%,5th=42%) should ...
... increase progressively
(the higher volatility would occur in the fifth part of wave)

while in the RMI indicator the 40% level always ...
... supports the uptrend
(60% is the resistance of the downtrend)


P.S.
it is always a ...
... point of view of mine

(the bearish break of January 16 is evident ...
(if I'm not wrong ...)
of the ema34 & ma50)
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #180
  • Jan 23, 2018 12:01pm Jan 23, 2018 12:01pm
Quoting mag00
{quote} Hey honesttrader, technically ... the slope (alpha) of the three UPwaves (1st=17%,3rd=47%,5th=42%) should ... ... increase progressively (the higher volatility would occur in the fifth part of wave) while in the RMI indicator the 40% level always ... ... supports the uptrend (60% is the resistance of the downtrend) P.S. it is always a ... ... point of view of mine (the bearish break of January 16 is evident ... (if I'm not wrong ...) of the ema34 & ma50
Good analysis. It would help if you would mention the prices too along with your analysis
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