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emptymind replied Apr 3, 2014market is very dynamic. go down then up and sideways. example... market completing wave 3 now then will probably retrace about 38% to 50% of the decline marking top of 4 and we go down one last time, imo... please follow great traders such as KO, ...
Bitcoin technical analysis
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emptymind replied Apr 2, 2014wave 3 target: 444.25 - (494.98 - 430.41)* .618 = 404.3 image
Bitcoin technical analysis
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emptymind replied Apr 2, 2014don't be discouraged! we are really close to bottom (340 or KO's 330)..... i've been buying and accumulating all the way down to build my position for the next cycle.... i am somewhat familiar with how elliott waves work, but still accumulate ...
Bitcoin technical analysis
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emptymind replied Apr 2, 2014thanks mate! just throwing darts and guessing
your technology is quite impressive you could actually get a target from that slope? crazy good! image Bitcoin technical analysis
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emptymind replied Apr 2, 2014i think wave 3 should be 261.8% of wave 1 so target for 3 is 395 wave 1 = 509.98 - 472.12 = 37.86 points 494.98 (wave 2) - 37.86 * 2.618 = 395.86 image
Bitcoin technical analysis
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emptymind replied Apr 2, 2014i think wave 2 is done.... standard 61% retracement...... image
Bitcoin technical analysis
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emptymind replied Apr 1, 2014are you saying the big C wave is over? or wave4 still in progress? thanks
Bitcoin technical analysis
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emptymind replied Apr 1, 2014wave 4 didn't take much time compared to 2 but retraced nearly 38% which is standard for 4 image
Bitcoin technical analysis
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emptymind replied Apr 1, 2014zooming in on wave 5....... i recalculate target and get nearly same number i get from the bigger picture i posted earlier since both targets are similar. it is hhigh probability market go there (710 - 436) *.618 - 509.98 = 340 wave 3 below looks ...
Bitcoin technical analysis
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emptymind replied Mar 30, 2014Sure, LL, your labels look right.... try to set aside some extra labels to make sure it reach 342
i think it's a wave 4. flats (3-3-5) are common and do occur in wave 4. c waves aren't very strong within flats. usually end just below wave ...Bitcoin technical analysis
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emptymind replied Mar 30, 2014why everyone make things so complicated with diagonal, triangles, wedge... here look how simple it is... i even calculate the wave 5 target too.... 710 - (995-400)*.618 = 342 most likely bottom image
Bitcoin technical analysis
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emptymind replied Mar 22, 2014What you say makes sense re gox. I think we can also dismiss BTC-e as a kind of manipulative stop hunting. A real market would never recover in such a short time if the spike down was for real.
Bitcoin technical analysis
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emptymind replied Mar 22, 2014Hey LL, i see what you mean. the chart looks plausible, but why is everyone ignoring what happened to btc-e & gox charts. both exchanges invalidated what many think is a wave 4 currently unfolding.
Bitcoin technical analysis
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emptymind replied Mar 22, 2014look at how similar the charts look ...history repeating image
Bitcoin technical analysis
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emptymind replied Mar 12, 2014if you belive this whole structure is a wave 4 then a abcde looks ok... but if you belive this whole thing is wave 2 then it would invalidate a triangle because it's not allowed to have triangles as a whole in wave 2 as you explained it to me some ...
Bitcoin technical analysis
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emptymind replied Mar 12, 2014Hi LL, looks like very bullish wave 1,2 and lower degree 1,2.... because wave 1 and wave 4 overlap so i don't think it's the same degree..... another clue is the usual 61.8% retracement for wave 2 Do you have a different count? image
Bitcoin technical analysis
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emptymind replied Feb 27, 2014pls take a look at 1987 dow chart. something similar in time compared to what happened to bitcoin. it was climbing for 4 years and corrected in about 2 months........ image closeup of correction....... image i could not see anything fractaly ...
Bitcoin technical analysis
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emptymind replied Feb 25, 2014what if it was all the same degree and not the nested degrees that many thought. venzen chart was great but maybe it never was that complicated. bitcoin completed a 5 wave up move and a major abc correction. look at how the market returns naturally ...
Bitcoin technical analysis