after breakout of downtrend.... we get retest of this line.... sometimes old school ways are best image

Bitcoin technical analysis

running flat gives hint of powerful up move image

Bitcoin technical analysis

im expecting a powerful wave 5 spike to 680. commodities style! we shall see!

Bitcoin technical analysis

i was LOL at that C wave. it was comical image

Bitcoin technical analysis

get well soon venzen!

Bitcoin technical analysis

makes sens.......... so we are either 4 or 2.......... in both cases market go up? is that what you're saying

Bitcoin technical analysis

i like it..... i call it the rocket to the moon and achieve stable orbit pattern (future of bitcoin?)

Bitcoin technical analysis

amazing venzen! im speechless please paste a parabolic curve under. i will like it more

Bitcoin technical analysis

good morning LL, i see it... fractal copy! i visited the tradingview link. i couldn't understand it. seems gibberish with wxyies thrown everywhere and hoping for something to stick! i dont know, mumblings of mother, infant... i did not understand ...

Bitcoin technical analysis

take the distance covered from the end of wave e all the way to wave 3 and add it to wave 4......... we get our target for wave 5 548-339.79)+470 = 678.21 (wave 5 target . it will extend) image

Bitcoin technical analysis

wave 3 is just a little over 161.8% ...so it is of normal size compared to wave 1. wave 5 should extend because 1&3 didn't image

Bitcoin technical analysis

this is my wave 3 target for this 1st wave 502.5-472.81 )*.618+ 496.7=515.04 so wave 3 will be approx 261.8% of wave 1..... 519.12 (if it touch 519)

Bitcoin technical analysis

image

Bitcoin technical analysis

it was never a commodity in the sense that it is not consumed by industry. it is mostly being hoarded by people who recognise it is a wealth asset and are happy to buy it dirt cheap. i just think the system is a scam and is setup by elites who must ...

Bitcoin technical analysis

if it was an expanding triangle your wave ii should take out your B wave at 709.99 if im not mistaken but didn't

Bitcoin technical analysis

venzen, i looked at your chart above. it is invalidated by your wave i being shorter than iii wave i should be the longest 279.87 vs 358.38 that isn't a diagonal!

Bitcoin technical analysis

this is my count so far image

Bitcoin technical analysis

old school image

Bitcoin technical analysis

image my style of trading is looking for a recent bottom such as the 255 and count 5 waves up. everything else is academic i leave it to historians right now, gold is traded as a commodity which obviously it is not. once gold is ...

Bitcoin technical analysis

thank you venzen for your detailed reply. i will need some days to read it and understand... but just a small note on direction. LL and I are doing quite well nailing all the directional moves. And i wouldn't be wasting my time with EW if i ...

Bitcoin technical analysis