Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
rpietila
on 23/05/2014, 07:27:03 UTC
Where is this flashcrash Rpetila predicted lol

Perhaps you would do better by actually reading what I predicted and when:

I predict a crash to $300-$350 in 7 days.

Based on the remarkable similarities in these 2 charts:

Double bottom at $2 in 2011.
Our progress so far in the bottoming process.

Somebody with more visual tools could clarify and present the case. I will have to explain:

2011:
- 3 RED weeks ending with a flashcrash to $4
- 2 GREEN weeks recovery
- 4 RED weeks ending in a flashcrash to $2
- GREEN-RED-GREEN pattern in recovery
- another flashcrash to $2.

2014:
- 4 RED weeks ending with a flashcrash to $400
- 2 GREEN weeks recovery
- 4 RED weeks ending in a flashcrash to $340
- GREEN-2 REDS-GREEN pattern in recovery
- ?

(to be found out in 7 days.... Wink )

I hope you're prediction is on target, Risto. I have one last large buy to conduct next week and some even cheaper coins would sweeten the pot.  Wink Cheesy

It is not a troll, it is something that I just found in the charts. Count for yourself. If the pattern continues one moor week, it means that there'll be a capitulation crash this week. And then 7 weeks of going up, all the way to $650.

So my prediction is 650 in the end of June. The crash is optional. The trolls in the other thread did not want to hear the real meaning (as usual).

Chart showing all.

Emphasis original (except the red). The fact that we did not visit sub-400's as scheduled, is itself the strongest possible evidence that the pattern is broken and we are going up. The prediction "650 in the end of June" looks conservative after seeing a few days of nice action.