user100000
Long

wave a of 5 update

BITFINEX:BTCUSD   Bitcoin / Dollar
404 16 5
market has completed wave (i) & (ii) of a. ( iii             ) will take us to 280-315. the general pattern is a zigzag to the top of this diagonal
Yesterday's pounding after the high at 245 was scary. The bulls defend from 220 though, so I think you're right. The only way to make money now is up!
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user100000 rivet.popper
that was the wave ii. they are usually unpleasant
+1 Reply
user100000 user100000
notice how the market found support at wave four of lower degree
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rivet.popper user100000
Yes it keeps coming back down to around 223 and always failing to break through.
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I don't understand the zigzag you gave to the right of the chart. Is this to scale? Because the timing of reaching 409 by Feb 9th has changed then.
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user100000 rivet.popper
it's not to scale. it's just so i don't get lost counting and hopefully you find it helpful too
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rivet.popper user100000
Ok, many thanks for the help!
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be carefull with that hopium! smoking to much gets you REKT™ pretty fast!
-3 Reply
mirmiri62 viajero
If you can show your idea instead of laughing to others when you have no other talent to show :-)
+1 Reply
Are you ever bearish?
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user100000 MoonTrader
"Are you ever bearish? "

i could be a little bearish at 409 for the wave 2 correction
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MoonTrader user100000
Just saying, every idea you've ever posted has been bullish and they're usually wrong.
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rivet.popper MoonTrader
Every trader using TA is usually wrong anyway. TA at its best can only recount history. It can never tell you what the future holds.
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MoonTrader rivet.popper
Right, but most traders can use both bearish and bullish ideas in their TA, not just one or the other. user10000's TA never seems to be open to any bearish possibilities.
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rivet.popper MoonTrader
I think it's because he's an investor, not a trader. The timing may be off, but the long-term play is bullish.
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I think the schedule might have to be moved forward by two or three days. Beginning Feb. 11th, Greek banks will no longer be able to use gov't bonds to borrow. Meaning the EU has effectively begun to cut them off because they know they won't pay back ever. Meaning EU is on track to implosion, since once Greece leaves, Spain, Ireland, Italy and Portugal will all be using the same tactic to either get debt relief or leave the Eurozone.

The showdown (countdown) begins: http://www.nytimes.com/2015/02/05/business/tsiprasis-optimistic-for-a-solution-to-bailout-terms-for-greece.html?ref=topics&_r=0
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