......dropping, dropping, just like you say venzen people like to buy low so they wait to buy, they took profits up there and now they wait to buy low again and like they did a lot of money last time, now they take it easy, let it drop to 551 again........I will buy there, the lower trend line of the channel is holding, so it will go back up me think........
{quote} You are the best venzen rite on the money 800 and bounce back up, this instrument is going no were but....... {image} unless my head I mean my house is upside down....{image}
wave 1 of C looks complete... look for a wave 2 bounce/retrace of 50% or 61.8% of the drop. wave 3 could be 2.618 times of wave 1 {image}
.......I really can understand this charts, can you explain them to me venzen? thanks in advance
- you can begin to study it at elliottwave.com
Dump of Bitcoin related news from the past 3 hours: some good, some bad, some ugly - scan the list to get an idea of sentiment and open (in browser tabs) the one or two that catch your eye: New York Bitcoin Fund raises 65m in two months - operation founder http://www.vcpost.com/articles/19636...on-founder.htm 12 December 2013 London streetfood vendor sells first Bitcoin Burger http://www.cbronline.com/news/social...burger-4144872...
{quote} Not to rain into the parade, but all signs of a mania, or at least occurences, which normally happen in a wave 5
{quote} Thanks venzen,for this news and for all the EW info, I appreciate it, so I need to study some more, I though I was finish with studying, lol, so emptymind is correct, my apologies for my ignorance and thanks........ ......Well I see a triangle here on 5M ready to pop any minute now a range bet wing 61.8 and 50 is intact so let see who gives first {image}
{quote} Unmistakable triangle - look at the 3 wave zigzags swinging between the upper and lower TLs... small note (but important): a triangle's TLs are drawn across the highs and low extremes like you've done - but that lowest point on your chart is not used as a low when drawing TLs - always use the next low. When you do it like that, notice how it is making a horizontal TL at the bottom - USUALLY that shows the direction it's going to break out to!
would you care to tell me how is the lower trend line drown?, and wish timeframe is best for this analysis, thanks in advance.........
{quote} chonchy, the more I am dealing with this, day after day, the more I am seeing the implications: this thing (crypto-currency) is changing the world - the genie is out the bottle and can't go back. I am realizing this: Right now, no-one actually needs a central bank like they did a few months ago - they could vanish like a noodle - and their mass-produced money with them - and it wouldn't plunge the world into the middle-ages. In a way, you can buy everything you need with crypto-currency: food, clothes and shelter. In this sense the game...
