thanks venzen, i shall try to learn more about gold. hello LL, thanks... regarding ew being subjective. yes, i only believe it's subjective in small degree counts such as 15min, 5min, 1hr, or even daily.... but when looking at a chart from a ...

Bitcoin technical analysis

comparing bitcoin and dow counts image

Bitcoin technical analysis

i just want to say bitcoin is part of the global community. what happens when the dow starts to nose dive to 6K to complete its wave 4 ? where does all that cash go to hide? the us dollar is under pressure too so nobody want to stay in dollars... ...

Bitcoin technical analysis

yes regular spacing for dow. in bitcoin its still an expanding triangle but the e wave is more stretched out imo and the d wave is above the b wave so it confirms its expanding. i think its just one of the deceptive market patterns. if all markets ...

Bitcoin technical analysis

don't be scared... its just expanding triangle bros image

Bitcoin technical analysis

this is from the dow chart above. look closely it is similar to bitcoin image image

Bitcoin technical analysis

LL, you were asking how... please take a look at the dow chart i just created.... look at the move from 1000 to 10000. that is what bitcoin will do in this wave III but in a more accelerated way. dow took i dont know 18 years or so... in bitcoin ...

Bitcoin technical analysis

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 ...

Bitcoin technical analysis

btc-e chart... image

Bitcoin technical analysis

i just don't understand venzen with the 100 target or other low numbers. it doesn't make sens if you are following elliott wave. market is in a trending mode. in a large degree wave 3. if anyone count the waves it shows very clearly where and what ...

Bitcoin technical analysis

thanks a lot, i just typed: plot bitstamp so i give most of the credit to gnuplot for making me look good remember what you said "Don't take any action in the market unless you're 100% certain of the outcome". im sure it applies from an ewp ...

Bitcoin technical analysis

nice observation venzen. i agree i like the title... you forgot to add your name for the TL work

Bitcoin technical analysis

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 ...

Bitcoin technical analysis

good morning LL, welcome back colega . all i know is don't leave your laptop on the bed, the vents can get blocked or something i don't know where you get all that stuff from... you seem to be well informed about all subjects! i've searched for ...

Bitcoin technical analysis

there is someone playing games with bitstamp. all other exchanges are behaving well. image

Bitcoin technical analysis

image this is a reversal pattern. here on the 2h chart 3 bottoms.... each time lower than previous and also 2 tops.... the last top must be higher than the previous top shown reversal! this is a reversal pattern but on a larger time frame (daily). ...

Bitcoin technical analysis

thanks! to my eyes there is nothing unbelievable about it. if you compare the above dow chart with bitcoin. the numbers are similar. -------------wave 1---------------------------wave 2-------------wave 3 ...

Bitcoin technical analysis

i created this bitstamp chart in gnuplot to show 6K isn't far away and with a little more effort 100K is also a short distance away. just use your thumb and index finger to measure wave 1 and reposition at wave 2... that's 100% of wave 1 which you ...

Bitcoin technical analysis

the market is ready and primed for such a move only at this time of the cycle. we've calculated (thanks kingtour) how it's possible to reach 100K level. the market has a green light to do this from technical prespective. this isn't a joke. i believe ...

Bitcoin technical analysis

yes. seems good level for wave 2 retracement

Bitcoin technical analysis