your chart looks bullish. are you saying you believe 548 is wave 1?

Bitcoin technical analysis

there isn't enough history in the btc chart so i don't think it works very well on smaller degrees. i tried it on the recent move to 1163. my count is: image wave 1 : 45 - 170.28 wave 2 : 63 wave 3 : 1163 actual top wave 1 range: 5.137444141- ...

Bitcoin technical analysis

just for my own research and to double check if kingtour's calculations make sens... i found an old DOW chart at ewprediction with his labeled wave counts. i was interested if i could estimate where wave 3 would top if i was there in 1948 for ...

Bitcoin technical analysis

image

Bitcoin technical analysis

the odds are impossible for 2 leading diagonals in a row of different degrees. market saying both are wave 1. i'll change my count if it invalidates. also what are the chances of wave D (in my expanding triangle big picture) ends up slightly above ...

Bitcoin technical analysis

image

Bitcoin technical analysis

i need to repeat how kingtour did the calculation and also need a minimum target for wave 3 start of wave 1 = 2.0401 (number is different to kingtour. i used this number because that was mtgox number) wave 1 = 259.34 (this is bitstamp number... not ...

Bitcoin technical analysis

long post! i need some time to read it...... i will tell you my way of knowing when the correction is over. if you get 5 waves down then immediately get 5 waves up ..........two impulses back to back (down then up) and also market moves up thru the ...

Bitcoin technical analysis

that arithmetic calculation is fine and great with short term chart use but it will fail if you try it on semi-log charts on longer time frames.. i respectfully disagree that it is only a "visual trick".......... on longer term chart or exponential ...

Bitcoin technical analysis

excellent kingtour. that's exactly what i wanted......... im mainly interested in adding 161.8% to the yellow wave 2. thank you... that is the usual limits of wave 3................. so 100K is very possible because wave 3 are usually 161.8% of wave ...

Bitcoin technical analysis

the yellow 3 i estimate over 20K sometime on the "magical" date....... but i need an accurate calculation of my math problem above. if you just copy the blue line and paste it at 45 which would mean 100% extension you can imagine where that level ...

Bitcoin technical analysis

im fine thanks! i get what you're saying... we need to breakout of the trend line first.... but i am never sure of what the market will do next so i guess i should never trade according to your senile friend

Bitcoin technical analysis

venzen, i remember LL saying most of the fib retracement and extension tools are not programmed correctly and mostly deal with arithmetic results... if you use such tools on semi-log chart it will not produce correct result. that is why i need to do ...

Bitcoin technical analysis

thank you kingtour, i tried to follow your instructions but the results don't look right just eye balling the chart... it should be really high number... i think what i have is called a semi-log chart or a log-lin type of chart. means logarithmic ...

Bitcoin technical analysis

hello everyone... does anyone know how to calculate fibonacci extension for a log scale chart i need to calculate an extension of some range on my log scale chart like this calculator (but not arithmetic result!) url input a, b, c............ but ...

Bitcoin technical analysis

i like bitcoins because it was the first cryptocurrency to appear and gained my trust

Bitcoin technical analysis

yes i do remember, sorry i haven't had the chance to look at the examples. but i have no doubt what you say is true.

Bitcoin technical analysis

im not leveraged because im not smart enough to anticipate every move the market makes and i do not trust the bitcoin exchanges. i own "physical" bitcoins, as you say, so that i can sleep at night slovenia, russia........ are these places ...

Bitcoin technical analysis

image wave 3 should make it to minimum 452.16-424)*1.618+433.08 = 478.6 maybe wave 5 will extend if 3 was of normal size everyone is waiting for one last "drop" i noticed... but please ask yourselves, has the market ever done what was expected?... ...

Bitcoin technical analysis

for the people who do not like WXY.... image

Bitcoin technical analysis