Greetings from a hot island in the Andaman sea. I have to put a fan on my laptop to spare it's useful life today!
Great analysis, discussions and rants! Glad to read everyone's posts over morning coffee and see the BTCUSD bouncing as strongly as it has. Unfortunately for those so eagerly buying in it seems we may indeed be heading down again. I cannot count the action since the low as a 1st wave and it has all the psychological characteristics (and wave pattern) of a 4th wave. A triangle would have been good, but so far a potential zigzag which subsequently may be the A wave of a larger triangle. Patience, I keep reminding myself.
@chonchy - thanks for the pics and respect to your trade. Stone masonry is a fine craft and your work is exempliary. Your grandson resembles you a lot, grandpapi !
@lady_luck - thanks for feeding back on my count. Also, thanks for pointing out the difference between a Ponzi (pyramid) scheme and the Bitcoin domain. Bitcoin is not centrally issued (mined) so there is no-one who stands to gain from an eventual depletion of willing buyers and active trade by the likes of us (retail traders) and the various Wall Street ETFs springing up ensures a liquid market. A glance at the rapidly changing MtGox orderbook dispells the notion that this is a buy-and-hold tulip bulb scheme.
@aristotel - fair game - a friendly bet: you say it's doomed. I say it's going to break to new highs, come down, go higher again!
@smartypants - great to know we have another techno-geek onboard! I've been trying to find the Bitcoin source code... have you had a look at that? BTW - what's your IT specialist field? (unless you're a jack-of-all like me) and what's 1337?
@Mel - glad to have your EW experience here. The current run up is deceptive in it's strength... do you think it may well hit that upper TL in your chart? I see no news to catalyze a sell-off and the orderbook does not reveal institutional activity (yet), so this may just be a bull trap, classic 4th wave happening here. Your thoughts..?
Talking about "Patience" - I am going to practice that virtue right now by taking a few hours out to swim on this cooker of a day!
Great analysis, discussions and rants! Glad to read everyone's posts over morning coffee and see the BTCUSD bouncing as strongly as it has. Unfortunately for those so eagerly buying in it seems we may indeed be heading down again. I cannot count the action since the low as a 1st wave and it has all the psychological characteristics (and wave pattern) of a 4th wave. A triangle would have been good, but so far a potential zigzag which subsequently may be the A wave of a larger triangle. Patience, I keep reminding myself.
@chonchy - thanks for the pics and respect to your trade. Stone masonry is a fine craft and your work is exempliary. Your grandson resembles you a lot, grandpapi !
@lady_luck - thanks for feeding back on my count. Also, thanks for pointing out the difference between a Ponzi (pyramid) scheme and the Bitcoin domain. Bitcoin is not centrally issued (mined) so there is no-one who stands to gain from an eventual depletion of willing buyers and active trade by the likes of us (retail traders) and the various Wall Street ETFs springing up ensures a liquid market. A glance at the rapidly changing MtGox orderbook dispells the notion that this is a buy-and-hold tulip bulb scheme.
@aristotel - fair game - a friendly bet: you say it's doomed. I say it's going to break to new highs, come down, go higher again!
@smartypants - great to know we have another techno-geek onboard! I've been trying to find the Bitcoin source code... have you had a look at that? BTW - what's your IT specialist field? (unless you're a jack-of-all like me) and what's 1337?
@Mel - glad to have your EW experience here. The current run up is deceptive in it's strength... do you think it may well hit that upper TL in your chart? I see no news to catalyze a sell-off and the orderbook does not reveal institutional activity (yet), so this may just be a bull trap, classic 4th wave happening here. Your thoughts..?
Talking about "Patience" - I am going to practice that virtue right now by taking a few hours out to swim on this cooker of a day!
cryptocurrency everytime
elite of my people 
