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Bitcoin technical analysis

  • #1,021
  • Jan 6, 2014 7:14am Jan 6, 2014 7:14am
Was experimenting a bit...
Since we had a ED in (c) of a, and c of 1, I changed 1.
Also since we had some triangle in 2, may be double threes could work ?
Wave 3 still being an impulse and in progress (haven't find confirmation of v of 3 yet on macd).
That's just an alt count, still for a wave 5 of I but which would support an higher target (1500) than the previous count.

http://i.imgur.com/RE7ZAKE.png
  • #1,022
  • Jan 6, 2014 7:30am Jan 6, 2014 7:30am
Quoting chonchy
....I'm lock in profits now so let it go where ever he wants...... {image}
What does that mean? Lock in profits? Can you explain that to me how you did this? And how it doesn't matter?

thanks trying to learn!
  • #1,023
  • Jan 6, 2014 7:39am Jan 6, 2014 7:39am
Quoting lady_luck
Was experimenting a bit... Since we had a ED in (c) of a, and c of 1, I changed 1. Also since we had some triangle in 2, may be double threes could work ? Wave 3 still being an impulse and in progress (haven't find confirmation of v of 3 yet on macd). That's just an alt count, still for a wave 5 of I but which would support an higher target (1500) than the previous count. {image}

nice one - looks good! agree with you about 5 of 3 not yet showing in MACD... i reckon we go up again to new highs - this dip was pure profit taking since there is not any sign of bad news out there...
cryptocurrency everytime
  • #1,024
  • Jan 6, 2014 7:40am Jan 6, 2014 7:40am
Quoting venzen
{quote} nice one - looks good! agree with you about 5 of 3 not yet showing in MACD... i reckon we go up again to new highs - this dip was pure profit taking since there is not any sign of bad news out there...
People waking up in the USA
  • #1,025
  • Jan 6, 2014 7:49am Jan 6, 2014 7:49am
Quoting Ozes
{quote} What does that mean? Lock in profits? Can you explain that to me how you did this? And how it doesn't matter? thanks trying to learn!
It means he has brought his stop loss (SL) to break even or better.
Money Makes Money
  • #1,026
  • Jan 6, 2014 7:50am Jan 6, 2014 7:50am
Waiting to see if this turns down again. If so will give my targets for the retrace.
Money Makes Money
  • #1,027
  • Jan 6, 2014 8:07am Jan 6, 2014 8:07am
Quoting KiwiOz
Waiting to see if this turns down again. If so will give my targets for the retrace.
If price gets below 912 I will target 830. 700 is also to be considered. (50% retrace)
Stops in place & off to bed.
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Money Makes Money
  • #1,028
  • Jan 6, 2014 8:15am Jan 6, 2014 8:15am
I got stopped out on the short but the songs remain the same.........

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The Chonchy
  • #1,029
  • Jan 6, 2014 8:21am Jan 6, 2014 8:21am
Quoting Ozes
{quote} What does that mean? Lock in profits? Can you explain that to me how you did this? And how it doesn't matter? thanks trying to learn!
lock in profits means that you are at least 20 pips in profits, so you place a stop in +1 0r +2 pips and let it go ...if price come back you lose nothing, but you can place the stop too close to the entrée or you will lose your chance because of the regular pull backs on every move, specially in consolidation, I like to place my stops with at least 20 pips ahead, but this pair is too volatile, wish is good, I like it, but I will have to adjust my stops a bit more, maybe 30 or so.....but is good, is good to get stop, you get to trade another day, don't lose all your money in one trade, is sicologicly not good, it hurts your feelings, lol

edit: your stop must be 4 pips in profits because in my case is 0.04 cents commission, I don't know your case, adjust accordingly
The Chonchy
  • #1,030
  • Jan 6, 2014 8:39am Jan 6, 2014 8:39am
........What do you guys see in this tree charts, or instruments?......I see a lot of similarities, could they be the same people pulling the strings and retail just got in the way? I mean think about it, the tree of them move similar don't they, so it could be the same elite or banking cartels manipulating the trades, but in this case, the kids that got involve in this particular instrument, the BTC, have change the game for them and now the kids are driving the price up, yeah I'm talking about those rich kids that started mining this in 2008, those are in control now me think, so they are driving the price up, they sold some took some profits and now they are at it again, think about it and let me know what do you think guys and gals.......

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The Chonchy
  • #1,031
  • Jan 6, 2014 8:55am Jan 6, 2014 8:55am
Quoting chonchy
........What do you guys see in this tree charts, or instruments?......I see a lot of similarities, could they be the same people pulling the strings and retail just got in the way? I mean think about it, the tree of them move similar don't they, so it could be the same elite or banking cartels manipulating the trades, but in this case, the kids that got involve in this particular instrument, the BTC, have change the game for them and now the kids are driving the price up, yeah I'm talking about those rich kids that started mining this in 2008,...

I'm not too sure so I'm going to give random number until i find the right figure, but it's something like that : 100 people control 25% of btc (>10000 per), 10000 control 25% of btc (>100 per). So basically 10100 people control 50% of the btc market nowadays.
I think nowadays there is only 500 people with more than 1000btc, and 1000btc doesn't move the market.

So do you mean that we went from a domination of "banking cartel" to "computer kid cartel" ? Well Satoshi described btc as the ultime capitalist social experiment, so yes their is definitely this irony of being able to get back at the institution. To me that's what p2p stand for.

Note : I really need to verify my sources for numbers and quotes
  • #1,032
  • Jan 6, 2014 9:19am Jan 6, 2014 9:19am
Quoting lady_luck
{quote} I'm not too sure so I'm going to give random number until i find the right figure, but it's something like that : 100 people control 25% of btc (>10000 per), 10000 control 25% of btc (>100 per). So basically 10100 people control 50% of the btc market nowadays. I think nowadays there is only 500 people with more than 1000btc, and 1000btc doesn't move the market. So do you mean that we went from a domination of "banking cartel" to "computer kid cartel" ? Well Satoshi described btc as the ultime capitalist social experiment, so yes their is...
...Well in a way the kids cartel started the whole thing but I think the banking cartel, that think faster than any fast kid on the block, and believe me they do, when it comes to finances, they think fast (the banking cartel) so imagine that I can't beat you so I join you, and after I saw this buildings in Hong Kong with this 3M liquid gel cooling systems and all that, I think the "Kids Cartel" got infiltrated by the "Banking Cartel" me think, and then that is why I think this is also being manipulated, I mean they have the money to buy it, on the side and control the market as they do control the gold, silver and the dollar and every fiat currency out there, they control it all, so why not control this, they bought a huge amount in other's people name and now with their evil minds control this instrument too, but retail is closing in, so we will see how this end, I see a massive increase in action with BTC in the next few weeks......maybe I'm wrong but something big is about to happen, and if the apocalyptic people start panicking and start buying gold and silver and BTC, we will see the tree going parabolic up, and that maybe the transfer of wealth that everybody is talking about, no more fiat, but with the same people controlling the gold silver and BTC, same dog, different collar, or do you think they are going to allow outsiders to control the world, is war first baby,

edit: when JPMorgan die, it was told that it was the richest man in the world, later on we find out that The Rothschild family was the owner of 80% of JPMorgan capital, lol......so they could may well be the owners of those other 50% of BTC but in other's peoples names.......who know's
The Chonchy
  • #1,033
  • Jan 6, 2014 9:40am Jan 6, 2014 9:40am
Quoting chonchy
{quote} ...Well in a way the kids cartel started the whole thing but I think the banking cartel, that think faster than any fast kid on the block, and believe me they do, when it comes to finances, they think fast (the banking cartel) so imagine that I can't beat you so I join you, and after I saw this buildings in Hong Kong with this 3M liquid gel cooling systems and all that, I think the "Kids Cartel" got infiltrated by the "Banking Cartel" me think, and then that is why I think this is also being manipulated, I mean they have the money to buy...
Only thing is bitcoin wallet are public, within the top 10, you have Satoshi and 1000000 btc, then DPR/fbi with 175000btc, the sheepmarketscam with 100000btc, satoshidice may be 200000btc, butterflylab 150000btc, and a few exchanges flirting with a private capital approximating 100000btc. That should account for the first 25%.
Then you have a lot of early adopter, hackers, ex SR sellers, early miner with 50000btc. And only then come a bunch of wallet with around 10000btc that can be attribute to hedge fund, investment firm and the following. But those are already in the second 25% the part with 10000 people.
  • #1,034
  • Jan 6, 2014 9:43am Jan 6, 2014 9:43am
.......Any body have this same spike on gold?

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The Chonchy
  • #1,035
  • Jan 6, 2014 9:50am Jan 6, 2014 9:50am
Quoting lady_luck
{quote} Only thing is bitcoin wallet are public, within the top 10, you have Satoshi and 1000000 btc, then DPR/fbi with 175000btc, the sheepmarketscam with 100000btc, satoshidice may be 200000btc, butterflylab 150000btc, and a few exchanges flirting with a private capital approximating 100000btc. That should account for the first 25%. Then you have a lot of early adopter, hackers, ex SR sellers, early miner with 50000btc. And only then come a bunch of wallet with around 10000btc that can be attribute to hedge fund, investment firm and the following....
yes they are public but who is Satoshi? Satoshi could very well be another JPMorgan of the elite.......or a friend of a friend, remember that supoustly this was created first by Tomas Edison back in the days, and maybe they allow this Satoshy to implement it with a twist, who knows ah? and who is going to investigate? the FBI, the biggest crooks that confiscated the biggest wallet, lol
The Chonchy
  • #1,036
  • Jan 6, 2014 9:51am Jan 6, 2014 9:51am
somebody is up to something, some body dump a bunch of gold to make this spike down......ah?

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The Chonchy
  • #1,037
  • Jan 6, 2014 9:55am Jan 6, 2014 9:55am
Quoting chonchy
{quote} yes they are public but who is Satoshi? Satoshi could very well be another JPMorgan of the elite.......or a friend of a friend, remember that supoustly this was created first by Tomas Edison back in the days, and maybe they allow this Satoshy to implement it with a twist, who knows ah? and who is going to investigate? the FBI, the biggest crooks that confiscated the biggest wallet, lol
I don't know, only thing sure about the guy is that he mined his own stash and that nothing has move in or out of his wallets since. So if he was part of a price manipulation conspiracy, he would be yet to start.
  • #1,038
  • Jan 6, 2014 10:23am Jan 6, 2014 10:23am
Quoting lady_luck
{quote} I don't know, only thing sure about the guy is that he mined his own stash and that nothing has move in or out of his wallets since. So if he was part of a price manipulation conspiracy, he would be yet to start.
so, or either he is very rich and don't need to use his BTC to pay his bills or he have a back door......after all he is the creator of all this, ah sounds like a very smart fellow, some what like a bankster's mind kind of fellow, lol financial wizards, I'm watching too many movies, lol
The Chonchy
  • #1,039
  • Jan 6, 2014 10:26am Jan 6, 2014 10:26am
so it was in deed the red ema on the 30M that 888 target for the down move, oh well I got stop and then kept going ah, oh well rinse and repeat......
The Chonchy
  • #1,040
  • Edited 10:42am Jan 6, 2014 10:30am | Edited 10:42am
Quoting chonchy
{quote} so, or either he is very rich and don't need to use his BTC to pay his bills or he have a back door......after all he is the creator of all this, ah sounds like a very smart fellow, some what like a bankster's mind kind of fellow, lol financial wizards, I'm watching too many movies, lol
Thing is, if he were to cash out some btc, he would be in for tax evasion and all that. So as long as I'm ready to believe that Satoshi is a group of individual, they can't be part of the financial institution. This kind of secret always get out, imagine the scandal ! "X bank behind the creation of BTC" or "X governmental consortium are Satoshi ; helping fraud in the nation". No, Satoshi can be many people, but not part of the system, and up to now, the risk of cashing out his stash is too big. I(edit : great typo, obviously not I, he)'ll have to wait for BTC to be somewhat regulated by government, and hope for the best
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