this is from the dow chart above. look closely it is similar to bitcoin
Attached Image
Attached Image
Bitcoin Analysis 22 replies
Bitcoin-Family math and technical analysis 20 replies
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
Dislikedthis is from the dow chart above. look closely it is similar to bitcoin {image} {image}Ignored
Disliked{quote} Yes, for sure, reversal patterns. At first they didn't look similar to me at all, and then the more i looked, the more similarities between subwave structure i began to see! The only thing that is different about them is that the expanding triangle in the Dow has a regular spacing between the waves. And BTC? I think there will be as many names as there are wave counters, but i'm calling it a flat ABC for now - although it looks very contracting triangle-ish to me now... emptymind, you shouldn't worry too much about all of us finding different...Ignored
Dislikedi just thought of something... i'm really getting a lot of hits for my analysis posted at CryptoCoinsNews. I guess Bitcoin fans really want to know what's happening with price, because my analysis articles just cause a flood of 1000s of people a day for a few days. Some of the comments are positive and constructive but there is also a large contingent of trolls as we see them at BTC-e trollbox and tradingview, etc. My concern is that they find us here, because i mostly use the same username at most websites. I like this forum the way it is - we...Ignored
Disliked{quote} Not sure too many BTC mentalists would go to the trouble of signing up here to cause terror, I think they'd probably go for more main stream sites first - and so far none have done so (right?!), and if they did - can't they get banned easily if they are a problem? I vote to wait and see how it goes, if it does start to happen we can always move PS http://newsbtc.com/2014/04/29/love-bitcoin-write/ go for it!Ignored
DislikedTarget Practice KO, please comment! I know the green projection is correct because that's copied from your BTC chart! But the rest... did I even hit target once? or am I just firing shots into a thicket? {image}Ignored
Disliked{quote} G'Day Y'all. Venzen, your target practice is pretty good except for the pink one. Drawing from left to right for a down target you should have the left pinion point lower than the right. hardly ever works the other way around. Good effort with feasible & achievable targets. If we have not bottomed out yet, I am targeting 220 with a solid bounce at 282. If we have bottomed out I cannot see price going below 370.Ignored
Disliked{quote} I also believe that if Bitcoin is to go to heady heights, then wave one (of 3?) when it comes will be quite substantial. Probably around 900. The other scenario to that would be for Bitcoin to shag around ranging between 300 & 1000 for eternity.Ignored
Disliked{quote} i understand cautious, but lets stick to the plan and have confidence in our count and the market channeling. we have to take reasonable risk and believe in our selves. you have a good memory! i was a terrible wave counter at that time in january. i improved greatly or atleast hope i did... im glad you and venzen didn't laugh me out of this threadIgnored
Dislikedlady_luck, hi and good morning - you say it all in your post. emptymind, i like your dow explorations - keep going and if you get time also please check what a comparison with another commodity like gold reveals.Ignored
Dislikedlady_luck, hi and good morning - you say it all in your post. emptymind, i like your dow explorations - keep going and if you get time also please check what a comparison with another commodity like gold reveals.Ignored
Disliked{quote} Thanks We all are master ew in training, it's subjective and interpretative. And it's nice to see that all of us have been finding our personal touch in the past few month. Nice dow chart by the way....Ignored
Disliked{quote} venzen, nice colorful chart... i just want to understand....... none of the previous pink triangles hit their targets at the apex. so why should the last one do that? (im not sure what is the red dot.. is that a target?) this is what i found by chodpaba..... ( not directly... but quoted) {quote} i cheked the dates of some of the lows/highs... quite mostly accurate. maybe using some gann stuff or some other cycle techniq did she say EW is nonsense?!?! that's all i need to know!Ignored