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    • emptymind replied Jun 15, 2014

      minor waves: wave 0 = 420.27 wave 1 = 683.26 wave 2 = 538.38 wave 3 = ? because the market broke the 548 level then the whole move to 683.26 becomes minor wave 1 which is even more bullish than before. im glad this happened as it frees up more ...

      Bitcoin technical analysis
    • emptymind replied Jun 1, 2014

      i understand many of you want the market to prove itself and take out the ATH at 1163. but that actually already happened at the cycle degree level at 259.34. the market already took out that high which proves we are in an extended wave (III) trend ...

      Bitcoin technical analysis
    • emptymind replied Jun 1, 2014

      im no a fan of indicators but the weekly macd is setting up for the mother of all rallys. image LL, venzen and others... are you going to fight the trend all the way to 8K+? and also fight the market cycles too? impressively stubborn you both are!

      Bitcoin technical analysis
    • emptymind replied May 31, 2014

      i believe intermediate wave (3) will extend and take out the top at 1163 but we have to switch to natural log to calculate the targets. it is reasonable for wave (3) to be 261.8% of wave (1) wave (0) = 339.79 wave (1) = 548 wave (2) = 420.27 ...

      Bitcoin technical analysis
    • emptymind replied May 29, 2014

      the magnitude of bitcoin moves is forcing me to label the waves that way. i can't call the top at 1163 minor wave 3 or minute wave iii. most correct is primary wave (circle) 3..... the previous top at 259 was primary wave (circle) 5 and also ...

      Bitcoin technical analysis