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Bitcoin technical analysis

  • #1,501
  • Jan 15, 2014 9:41am Jan 15, 2014 9:41am
Quoting lady_luck
That's interesting, i'm gonna look into this KST. Seems pretty good at calling top and bottom. So everything seems to confirm the "d" and "e",
Yeah, so much so it's making me feel uncomfortable... where's the trick?

I'm going create an "expectation buffer" like this: IF 'd' happens as expected and then 'e' also happens as expected THEN i will start thinking about the upside possibilities and the height of wave 'a' as some kind of measure for targets further up. BUT until I see 'e' in place and see PA go above the upper triangle TL... I'm just going to keep telling myself "It's not 100% sure". For now it seems 'd' may target 856 (BTC-e). MtGox has just climbed above 950 again so we may get some motion now
cryptocurrency everytime
  • #1,502
  • Jan 15, 2014 9:48am Jan 15, 2014 9:48am
May be we are just getting closer to the february return of luck ?

Also I had a question, I've notice that it seems that Mt.Gox took back the lead in PA, then huobi then stamp and btc-e. Does that sound correct to you ?
  • #1,503
  • Jan 15, 2014 10:02am Jan 15, 2014 10:02am
Quoting lady_luck
May be we are just getting closer to the february return of luck ? Also I had a question, I've notice that it seems that Mt.Gox took back the lead in PA, then huobi then stamp and btc-e. Does that sound correct to you ?

i don't know what is "normal" - if you know what i mean? I noticed this morning that Bitstamp had higher volume than MtGox - eventhough MtGox still had the higher price. So suddenly we have Huobi in the game and they're doing lots of volume (not sure how much but they moved price over the weekend) and now there are rumblings of Russia wanting to pass legislation that will impact cryptocurrency. I used to believe BTC-e was based in Russia, but aparently they're in Bulgaria so I don't expect much impact from whatever Russia has to say...

Hmmm, i just looked at the volumes on Kitco and they have Bitstamp, BTC-e and MtGox in 3rd position for volume... no Huobi, because, of course, Kitco is American and Huobi is Communist Chinese and (say in a Nixon voice) "Dang! these yellow bastards are taking over the god-dang world!" - so no figures from Red China there!

http://www.kitco.com/finance/bitcoin/
cryptocurrency everytime
  • #1,504
  • Edited 10:30am Jan 15, 2014 10:19am | Edited 10:30am
A bit of change in the US economic dinosaur guard, first woman to lead fed. http://www.pbs.org/newshour/bb/busin...len_01-07.html
May be insignificant, yet, a will for some change. It could open some doors on other boards. Which could mean some new perspectives on a few 21st century things... like BTC.
  • #1,505
  • Jan 15, 2014 10:34am Jan 15, 2014 10:34am
Quoting lady_luck
A bit of change in the US economic dinosaur guard, first woman to lead fed. http://www.pbs.org/newshour/bb/busin...len_01-07.html May be insignificant, yet, positive will to change. It could open some doors on other boards. Which could mean some new perspectives on a few 21st century things... like BTC.

Indeed. But as always we have to beware of co-option - whereby some people (whether women or from minority groups) actually further the objectives and institutionalized power structures of the majority bosses. However, let's give her the benefit of the doubt. True, it's a positive development whichever way one looks at it.
cryptocurrency everytime
  • #1,506
  • Edited 11:42am Jan 15, 2014 10:47am | Edited 11:42am
As much as having a woman is great, I was more looking as the retirement of her predecessor.
If the same thing were to be reproduce elsewhere, it might bring a general change in the economics leaders.
Whether or not the new elite is from minority doesn't matter. As you said, the general line stays unchanged.
But pushing to retirement a few old-timers -surely unable to ever get BTC- that's not bad
And if in the process we can make a few step forward, in the general direction of equality for minorities, even better
  • #1,507
  • Jan 15, 2014 11:42am Jan 15, 2014 11:42am
Quoting lady_luck
As much as having a woman is great, I was more looking as the retirement of her predecessor. If the same thing were to be reproduce elsewhere, it might bring a general change in the economics leaders. Whether or no the new elite is from minority doesn't matter. As you said, the general line stays unchanged. But pushing to retirement a few old-timers -surely unable to ever get BTC- that's not bad And if in the process we can make a few step forward, in the general direction of equality for minorities, even better

Well said, there is more benefit than one in the change-over!
cryptocurrency everytime
  • #1,508
  • Jan 15, 2014 11:52am Jan 15, 2014 11:52am
OK, I'm calling it a day. I enjoyed the conversation lady_luck. Good Luck to you and see you tomorrow.
cryptocurrency everytime
  • #1,509
  • Edited 1:14pm Jan 15, 2014 12:02pm | Edited 1:14pm
Thank you, right back at you, good chat and charts Hopefully february luck came early and this triangle will unfold nicely !

Hmmm that's strange... Triangle broke up 8h ago on LTC/USD and LTC/CNY while still intact everywhere on BTC.
And at the same time I got LTC/BTC as possibly going down. Weird...

http://i.imgur.com/JBUZci8.png
  • #1,510
  • Edited 4:10pm Jan 15, 2014 1:54pm | Edited 4:10pm
Oh waow !
http://www.americanbanker.com/issues...1064928-1.html
Quote
"We had a gathering of internal and external experts and interested people to learn more about virtual currencies, including Bitcoin," says Mary Eshet, a spokeswoman for the $1.5 trillion-asset Wells Fargo.

http://www.coindesk.com/french-senat...tal-currencies
Quote
The French authorities see digital currencies as a kind of competition between powerful economies like the USA, Germany and UK, and feel a need for France to catch up.
Making bitcoin illegal is not an option and there seems to be genuine innovation behind it. That said, they do not know yet what to do next or how it could be regulated.


Current triangle going to an end, and the good news follow.
So, now my previous observation make total sens.
  • #1,511
  • Jan 15, 2014 9:57pm Jan 15, 2014 9:57pm
Quoting lady_luck
A bit of change in the US economic dinosaur guard, first woman to lead fed. http://www.pbs.org/newshour/bb/busin...len_01-07.html May be insignificant, yet, a will for some change. It could open some doors on other boards. Which could mean some new perspectives on a few 21st century things... like BTC.
lady, the lady Is chosen by the president that is imposing an insurance to all people that can't afford one, so imagine, if you can't afford an insurance how are you going to pay it willingly, but of course Mr Obama was appoint into office by this insurance company's who paid billions in getting him in office so we may as well use him to cover for all the innocents souls that go to the hospital with no insurance and leave the insurance company hanging, cause most of the times the hospital is own by the same insurance company, and how lady_luck this lady is going to change anything if she is being paid by the devil himself ( the Rothschild's and the Rockefeller's ) those who own the federal reserve pay their chairman's or chairlady's.......me think, so no, no change only Obama care....lol
The Chonchy
  • #1,512
  • Jan 15, 2014 10:08pm Jan 15, 2014 10:08pm
there is indecision in the market, me think, so I will get out of this 3 lots as soon as possible, I don't like what I see on the 5M chart, so I place a stop or target at a few pips over the entrée wish is 4 pips wish I consider a lot, but I don't know anybody else that offer less, do you? as you can see all chart are up but 5M so if 5M cross for the up and sync with the rest we may go up but I see the uncertainty in the air........so be careful, it could be a trap and drop some more, maybe even visit 833 again........

Attached Image (click to enlarge)
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The Chonchy
  • #1,513
  • Jan 16, 2014 1:14am Jan 16, 2014 1:14am
.........Still here, ranging on a 15M chart.......

Attached Image (click to enlarge)
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The Chonchy
  • #1,514
  • Jan 16, 2014 1:52am Jan 16, 2014 1:52am
Ok 5M is up, we are in zync it should go up anytime now........

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdm5.png Size: 44 KB
The Chonchy
  • #1,515
  • Jan 16, 2014 2:51am Jan 16, 2014 2:51am
we keep ranging, no good, we may fall again down.....

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdm5.png Size: 45 KB
The Chonchy
  • #1,516
  • Jan 16, 2014 5:39am Jan 16, 2014 5:39am
Quoting chonchy
we keep ranging, no good, we may fall again down..... {image}
and down we went........good we can buy lower......
The Chonchy
  • #1,517
  • Jan 16, 2014 6:03am Jan 16, 2014 6:03am
Quoting chonchy
{quote} and down we went........good we can buy lower......
we are crossing down on all small time frames, I don't know if to buy here or wait for lower and lose the train, maybe, scale in is the best bet...
The Chonchy
  • #1,518
  • Jan 16, 2014 6:21am Jan 16, 2014 6:21am
Quoting chonchy
{quote} we are crossing down on all small time frames, I don't know if to buy here or wait for lower and lose the train, maybe, scale in is the best bet...

hi chonchy,

yes, price is like a cat on a hot tin roof. I can't say where it's going to stop - 825? 820? 800? But one thing is sure: it's running out of indicator space to the downside... it may shoot up from whatever low it puts in here...

Does you analysis show potential to carry on lower down below 800?
cryptocurrency everytime
  • #1,519
  • Jan 16, 2014 6:21am Jan 16, 2014 6:21am
....no trade but I'm risking a small lot north......
The Chonchy
  • #1,520
  • Jan 16, 2014 6:35am Jan 16, 2014 6:35am
Quoting chonchy
....no trade but I'm risking a small lot north......
me too, adding 0.1BTC to my long position as soon as it looks like a bottom is in.

BTW - i was reading your posts all day, but not responding because I want to get a lot of writing done to earn more BTC. Price was really fighting between 835 and 845, eh? Such busy little waves makes me think we are coming to the end of this correction...
cryptocurrency everytime
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