Bitcoin technical analysis | Page 74 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

BTC/USD

Similar Threads

Bitcoin-Family math and technical analysis 21 replies

Bitcoin Analysis 22 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

Attachments: Bitcoin technical analysis
Exit Attachments

Bitcoin technical analysis

  • #1,461
  • Jan 14, 2014 12:02am Jan 14, 2014 12:02am
Quoting chonchy
{quote} I think is the fear of being left out, lol, people don't want to lose the imminent train going north, me think......

Yes, if i observe my own emotions - I trade in fear of missing the Big One northbound train to the promised land, but when price goes down I relax and then start feeling greedy for more lows so I can buy more BTC at cheaper prices. I believe most people are in this psychological state. That's why the chart for BTC looks exactly like Gold. The greed is for lower prices and the fear is of missing out on the upside - as you say. This is the key to understanding BTC i think
cryptocurrency everytime
  • #1,462
  • Jan 14, 2014 1:32am Jan 14, 2014 1:32am
Quoting venzen
{quote} Yes, if i observe my own emotions - I trade in fear of missing the Big One northbound train to the promised land, but when price goes down I relax and then start feeling greedy for more lows so I can buy more BTC at cheaper prices. I believe most people are in this psychological state. That's why the chart for BTC looks exactly like Gold. The greed is for lower prices and the fear is of missing out on the upside - as you say. This is the key to understanding BTC i think
...In deed it is, in deed it is my friend.....
The Chonchy
  • #1,463
  • Jan 14, 2014 1:35am Jan 14, 2014 1:35am
Quoting venzen
Good morning all Tulip Heads! Excuse me, I woke up to an email discussion with a friend about Gold, Bitcoin and Incredibly Grand SuperDuper Cycle degree in Elliott Wave Principle! Jokes all morning and we were laughing about the fact that in the New Normal, Elliotticians are now the herd instead of being the contrarians. Hell, even Bloomberg now do Elliott Wave analysis! So, as these things go - as soon as the majority cotton on to an idea, it will change it's DNA specifically to fool that new herd mentality! I propose that Gold and Bitcoin...

Good Morning......

Attached Image (click to enlarge)
Click to Enlarge Name: tulips.jpg Size: 129 KB
The Chonchy
  • #1,464
  • Jan 14, 2014 2:57am Jan 14, 2014 2:57am
Quoting chonchy
{quote} Good Morning...... {image}

Good morning! I don't like tulips - I love them!

I felt some confidence returning and I cut my hedge down there at 800. So far it's looking good but we may have a triangle in progress, so these same lows will be revisited.... let's see.
cryptocurrency everytime
  • #1,465
  • Jan 14, 2014 3:04am Jan 14, 2014 3:04am
Quoting venzen
{quote} Good morning! I don't like tulips - I love them! I felt some confidence returning and I cut my hedge down there at 800. So far it's looking good but we may have a triangle in progress, so these same lows will be revisited.... let's see.
my daily triangle is intact, I think I got out for nothing, it broke a little bit but went back up after that, so I took a loss for nothing but thanks to you leverage change, I managed to level up........but I think the daily triangle is the same, holding....
The Chonchy
  • #1,466
  • Jan 14, 2014 3:29am Jan 14, 2014 3:29am
Two paths for PA

http://ubuntuone.com/1kBJy6LCTcvdGYEfkF8PVc
cryptocurrency everytime
  • #1,467
  • Jan 14, 2014 3:38am Jan 14, 2014 3:38am
Quoting chonchy
{quote} my daily triangle is intact, I think I got out for nothing, it broke a little bit but went back up after that, so I took a loss for nothing but thanks to you leverage change, I managed to level up........but I think the daily triangle is the same, holding....

That's good to know that we are riding the market again - and not the other way round!

Let's be patient here - too much funny business going on and the waves are small and changeable. I have no doubt we will get clear signals when the time is right.
cryptocurrency everytime
  • #1,468
  • Jan 14, 2014 3:44am Jan 14, 2014 3:44am
Tulips used to make me think of Dutch girls in clogs and big wheels of cheese, but recently I've really come to admire them... Look how beautiful:
http://www.iwallscreen.com/stock/tul...-wallpaper.jpg
cryptocurrency everytime
  • #1,469
  • Jan 14, 2014 3:46am Jan 14, 2014 3:46am
... and these Tatooine Sunset coloured ones - I would pay a lot of money for those... maybe 0.1BTC

http://greatlakesgazette.files.wordp...dmill_1487.jpg
cryptocurrency everytime
  • #1,470
  • Jan 14, 2014 2:40pm Jan 14, 2014 2:40pm
Quoting dcramer16
But here's my very very basic nontechnical analysis of what's to come for the early part of the week. Businesses have had all weekend to discuss among themselves the success that Overstock saw the first day they started taking bitcoins. $130,000 in revenue I think. I think today and tomorrow we will see more companies talking about jumping on the bandwagon which should drive the price up some. Probably not a lot, but depends on which companies announce. The wildcard will be if there is any bad news coming out of China, that always throws a monkeywrench...
Well geez, I called it wrong, no surprise here! All the good news to come out after the weekend and we're just limping along. I guess I give too much credit to good news! Watching those charts today is just depressing, LOL
  • #1,471
  • Edited 6:43pm Jan 14, 2014 5:34pm | Edited 6:43pm
Good evening,

While I don't have anything to add regarding fib and EW (great counts by the way Venzen).
Since the TL from the december bottom appeared broken, I was looking at the median move since then.

My a,b,c have nothing to do with any labeling it's just some key points that confirm the median, I'd like to bring attention to them. And to the two yellow circle, breaking "d" would be very bullish now, when "e" would be an even stronger reversal.
Also, the actual PA is stuck between two very strong SMA, daily 20 as support and hourly 100 as resistance.
All of these very strong support/resistance seems to be now converging toward the apex.

I'm pretty excited to see how it will play out.

http://i.imgur.com/2L2RAta.png
  • #1,472
  • Jan 14, 2014 6:57pm Jan 14, 2014 6:57pm
few days ago we had discussion about wave degrees and how long they last.

I said, that sometimes, for example primary degree last some months, but othertimes years


here is a rough estimation of the durations of the degrees


subminuette - minutes

minuette - hours

minute - days

minor - weeks

intermediate - weeks to months

primary - months to years

cycle - one year to decades


supercycle - 40-100 years

grand supercycle - centuries



hope that helps
  • #1,473
  • Jan 14, 2014 7:16pm Jan 14, 2014 7:16pm
....This is what I see........

a triangle inside a triangle.......

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdm5.png Size: 41 KB
The Chonchy
  • #1,474
  • Edited 7:36pm Jan 14, 2014 7:22pm | Edited 7:36pm
Quoting venzen
... and these Tatooine Sunset coloured ones - I would pay a lot of money for those... maybe 0.1BTC {image}

my tulips are growing.......but I can't show a pic here because forex factory shrink the pics to 2.0 instead of getting a bigger server.......
The Chonchy
  • #1,475
  • Jan 14, 2014 7:39pm Jan 14, 2014 7:39pm
...let see what happens here, what ever happens here I will take action but I think we are not over with the consolidation yet....so we will keep ranging.......

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdm5.png Size: 41 KB
The Chonchy
  • #1,476
  • Jan 14, 2014 7:53pm Jan 14, 2014 7:53pm
.......I Think we are going up.............

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdm5.png Size: 41 KB
The Chonchy
  • #1,477
  • Jan 14, 2014 8:36pm Jan 14, 2014 8:36pm
......I'm long here.....and add one more.....it broke all triangles to the north, tithe stop.......

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdm5.png Size: 41 KB
The Chonchy
  • #1,478
  • Jan 14, 2014 8:54pm Jan 14, 2014 8:54pm
Quoting chonchy
.......I Think we are going up............. {image}
Yes chonchy. Up we go. At least to the triangle top, & maybe on up n up.
Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh1.png Size: 43 KB
Money Makes Money
  • #1,479
  • Jan 14, 2014 10:54pm Jan 14, 2014 10:54pm
Quoting KiwiOz
{quote} Yes chonchy. Up we go. At least to the triangle top, & maybe on up n up. {image}

very good call KiwiOz, very good call.......
The Chonchy
  • #1,480
  • Jan 14, 2014 10:59pm Jan 14, 2014 10:59pm
Quoting chonchy
.......I Think we are going up............. {image}
Great call chonchy. Thanks for the heads up. I might not have got in so early otherwise......
Money Makes Money
7 traders viewing now