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    • emptymind replied Apr 17, 2014

      wave 3 is done........... market still working on wave 4 then 5. a little early for bottom please label your chart or atleast crop it so it's easier for us to understand .thanks! i use microsoft paint looks like you are using non ...

      Bitcoin technical analysis
    • emptymind replied Apr 16, 2014

      it looks like wave 3 is over. LL's count seems to make more sens than my old one. i added the ending diagonal idea for wave 5. it is now breaking the uptrend line so wave 4 is in progress ...should retrace 38.2 to 50% of wave 3. it is close to the ...

      Bitcoin technical analysis
    • emptymind replied Apr 15, 2014

      expanded flat! rare! image " These type of corrections often confuse and surprise traders in that they see wave A complete as a 3 wave move against the trend followed by price moving beyond the origin of wave A making them believe the ...

      Bitcoin technical analysis
    • emptymind replied Apr 15, 2014

      i don't look at other markets. it's hard enough keeping track of one market,,,,,,,,,,,, i have a small problem with your count............. i just looked at 1H time frame and your wave II (i believe) is where a triangle is. i read somewhere that ...

      Bitcoin technical analysis
    • emptymind replied Apr 15, 2014

      i guess it's possible but not painful enough ...we need to shakeout the weak hands.. we shall see! and we need to spend more time in wave 4.... you're triangle is nearly finished! tooo early compared to wave 2 time spent (i understand ...

      Bitcoin technical analysis
    • emptymind replied Apr 15, 2014

      good morning LL, your chart makes sens when look at it from longer time frame; sometimes we miss the big picture if we look too closely. i like how your I,II,III,... are sort of moving inside a channel. If this is correct and wave 3 isn't over yet a ...

      Bitcoin technical analysis
    • emptymind replied Apr 15, 2014

      in commodities (bitcoin is commodity and currency at same time....... wave 5 is usually the most powerful just an example look at gold 1980 chart. it spiked maybe 10 times the length of the widest part of the triangle. in our case that may translate ...

      Bitcoin technical analysis