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Bitcoin technical analysis

  • #1,701
  • Jan 20, 2014 7:55am Jan 20, 2014 7:55am
wow, such profit

Venze: Saw your PM. Should be an option in the make file to make static libs.

-s-
BTC FTW
  • #1,702
  • Jan 20, 2014 8:04am Jan 20, 2014 8:04am
Quoting smartypants
wow, such profit Venze: Saw your PM. Should be an option in the make file to make static libs. -s-

thanks SP, the daemon Makefile has a STATIC = True declaration but not the Qt Makefile. Anyhow I can Google this and get it to work, no probs.

Question: would you be interested to CPU mine a coin I created? This is an experiment and I'd like to see how it works before rolling out to the general public. I can host the source code at Github and that way you can compile the daemon locally. I will have to be online simultaneously and provide you with my IP so that you can connect to the genesis block to get started... but this is easily done. Let me know if you're interested.

(If anyone else is interested please drop me a PM or post here)
cryptocurrency everytime
  • #1,703
  • Edited 9:03am Jan 20, 2014 8:52am | Edited 9:03am
Hello everyone, I hope the week-end was good

I wish I'd have anything productive to bring to the table, but I have absolutely no valid count atm.
Everything I could think of is somewhat invalidated by something else, flag by EW, EW count by fib and so on...

Here is how I could see a flag, and the simplest alt count I could get to validate it :
http://i.imgur.com/5WJz7Mk.png
  • #1,704
  • Jan 20, 2014 9:13am Jan 20, 2014 9:13am
Quoting lady_luck
Hello everyone, I hope the week-end was good I wish I'd have anything productive to bring to the table, but I have absolutely no valid count atm. Everything I could think of is somewhat invalidated by something else, flag by EW, EW count by fib and so on... Here is how I could see a flag, but how It doesn't work with the EW count I got : {image}

Hi lady_luck,

Thanks for the chart! That is the most obvious count and sometimes things just are what they are. This correction has been drawn out and shows a good base has been established. I imagine we see a bit more sideways action (maybe a day or two) and then PA and the wave behaviour should visibly change. Months of sideways action doesn't make sense at this time - it feels like something is about to give.

These kind of stories have piled up during the January correction and it's only a matter of time before the stored up energy becomes price advance:

http://www.coinboards.org/thread-new...valley-funding
South Korean Bitcoin Exchange Nets $400k in Silicon Valley funding

BTW, I have been working on my article (not finished yet) - called "Bitcoin: Rethinking Currency and Value" - I think it will be a series of articles and at the moment I'm researching African trade beads... lots of fun!
cryptocurrency everytime
  • #1,705
  • Jan 20, 2014 9:23am Jan 20, 2014 9:23am
That article sound promising ! Hmm rethinking currency and value. So african trade bead, because they are divisible and part of a deflatory economic system ?
  • #1,706
  • Jan 20, 2014 10:08am Jan 20, 2014 10:08am
Quoting lady_luck
That article sound promising ! Hmm rethinking currency and value. So african trade bead, because they are divisible and part of a deflatory economic system ?

very very fascinating:
http://www.ezakwantu.com/Gallery%20T...20Currency.htm

Trade beads stopped being used in Africa in the early 20th century but before that (since the Neolithic) they were widely used from Egypt to every corner of the continent - some beads more valuable than others - and of course the more elaboratethe ornament or costume was the more valuable. So a common practice was to make necklaces and armbands of many beads as a display of wealth and also to store the beads - a beadchain comparable to today's blockchain!

But here is the thing: in some parts (especially Southern Africa and Ghana) where Gold was literally lying around on the land and in alluvial streams, Africans would trade masses of Gold for Indian beads - since the Gold (being plentiful) had no value as currency or as a store of value. The beads (being imported) were scarce and therefore more valuable. But the ultimate store of value was not even beads - it was cattle! So I'm using this as a backdrop for bringing Bitcoin into the picture - as a virtual bead - and also to question the idea of "intrinsic value" which is completely relative and temporary: a few years ago Gold was $200 an ounce then it shot to $1900 and now...? There are interesting answers to interesting questions: What is the relative value of Bitcoin? To whom? And: Cryptocurrency is not one thing with one value - it fulfills different roles (currency, value store, escrow, etc) and those roles add different values in different contexts... a lot to think about and write about! So I am writing the "pilot" article and then the different parts will come later...

a necklace from Tutankamun's tomb:

http://www.ezakwantu.com/Trade%20Bea...ar%20Egypt.jpg
cryptocurrency everytime
  • #1,707
  • Jan 20, 2014 5:47pm Jan 20, 2014 5:47pm
Quoting venzen
{quote} thanks SP, the daemon Makefile has a STATIC = True declaration but not the Qt Makefile. Anyhow I can Google this and get it to work, no probs. Question: would you be interested to CPU mine a coin I created? This is an experiment and I'd like to see how it works before rolling out to the general public. I can host the source code at Github and that way you can compile the daemon locally. I will have to be online simultaneously and provide you with my IP so that you can connect to the genesis block to get started... but this is easily done....
.....I'm in....
The Chonchy
  • #1,708
  • Jan 20, 2014 7:58pm Jan 20, 2014 7:58pm
Quoting chonchy
{quote} .....I'm in....

sure chonchy, give me a few days to figure out how to compile this so people can actually use it. What operating system are you using: Windows? Mac? Linux? If I know this then I can create the mining software and wallet client for you...
cryptocurrency everytime
  • #1,709
  • Jan 20, 2014 9:56pm Jan 20, 2014 9:56pm
April 2013 peak

Worth comparing to current wave action...

chonchy, what do the MA's look like for the April peak - compared to now?

BTC-e H4

http://ubuntuone.com/4GRrn7QQNxm45gZvrOTb1G

MtGox H4

http://ubuntuone.com/5lN8EqXCi63ZsyGfWAXMu8
cryptocurrency everytime
  • #1,710
  • Jan 21, 2014 12:19am Jan 21, 2014 12:19am
Quoting venzen
{quote} sure chonchy, give me a few days to figure out how to compile this so people can actually use it. What operating system are you using: Windows? Mac? Linux? If I know this then I can create the mining software and wallet client for you...
......Windows 8 I think venzen, not sure, computer illiterate, lol
The Chonchy
  • #1,711
  • Jan 21, 2014 12:23am Jan 21, 2014 12:23am
Quoting venzen
April 2013 peak Worth comparing to current wave action... chonchy, what do the MA's look like for the April peak - compared to now? BTC-e H4 {image} MtGox H4 {image}

.....My charts don't go that far to april venzen sorry... only November....

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh4.png Size: 55 KB
The Chonchy
  • #1,712
  • Jan 21, 2014 12:29am Jan 21, 2014 12:29am
....still range bound here.......but 4H is turning slowly for the up, the rest is ready, so buckle up......

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh4.png Size: 44 KB
The Chonchy
  • #1,713
  • Jan 21, 2014 1:22am Jan 21, 2014 1:22am
Quoting chonchy
{quote} ......Windows 8 I think venzen, not sure, computer illiterate, lol

OK, thanks, if it is Windows then I'll have to compile a Windows version for you, so please wait for that because I don't have Windows and will have to find out how to do that... it's needed anyway, but please just be patient
cryptocurrency everytime
  • #1,714
  • Jan 21, 2014 1:23am Jan 21, 2014 1:23am
Quoting chonchy
{quote} .....My charts don't go that far to april venzen sorry... only November.... {image}

OK, no problem, I'll check it on tradingview.com, what are your EMA periods?
cryptocurrency everytime
  • #1,715
  • Jan 21, 2014 1:40am Jan 21, 2014 1:40am
Quoting venzen
{quote} OK, thanks, if it is Windows then I'll have to compile a Windows version for you, so please wait for that because I don't have Windows and will have to find out how to do that... it's needed anyway, but please just be patient

.....No problem venzen take your time, thanks in advance.......


we were going down but shoot back up, the pressure is for the up side me think, to go over that 23.6 fibo, did you see that spike a few minutes ago?
The Chonchy
  • #1,716
  • Jan 21, 2014 1:52am Jan 21, 2014 1:52am
Quoting venzen
{quote} OK, no problem, I'll check it on tradingview.com, what are your EMA periods?

I have an exponential moving average blue period 5, one ema choco period 30, and one ema red 100, that is it, when tree of them are in sync is a strong signal for me of price going in one direction or the other, but is very discretionary and I couldn't trade without them, wouldn't know how, MACD and RSI help me a lot, rite now 4H is the boomer, if 4H turn for the up it will break out north, is what I'm hoping to get ready of the longs at the heights up there at 880, so I can buy lower if allow......but this 4H have to align up wish is going to take some time me think, it may go for the magenta line first to take force to go up, we will see.......we are stuck on those two ema's the blue 5 and the red 100.....let it get out of there......

Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh4.png Size: 44 KB
The Chonchy
  • #1,717
  • Jan 21, 2014 1:55am Jan 21, 2014 1:55am
......hello dswk, how are you? long time no see you......how are things with you this new 2014? hope all fine......
The Chonchy
  • #1,718
  • Jan 21, 2014 2:17am Jan 21, 2014 2:17am
......it looks like dswk didn't see me, how are you KiwiOz what do you see today? I see more down......
The Chonchy
  • #1,719
  • Jan 21, 2014 2:22am Jan 21, 2014 2:22am
Quoting chonchy
{quote} .....My charts don't go that far to april venzen sorry... only November.... {image}
Hey chonchy. To get your charts back to the past........
1. Click on the Zoom out icon top of chart.
2. Right click on chart...Properties...common...untick auto scroll...
You can the drag the chart back as far as you want.
Go back & tick autoscroll later.

Cheers
Money Makes Money
  • #1,720
  • Jan 21, 2014 2:32am Jan 21, 2014 2:32am
Quoting chonchy
......it looks like dswk didn't see me, how are you KiwiOz what do you see today? I see more down......
Me too. I see 780.. Only above 850 will change my Bear appetite for a beef burger........
Attached Image
Money Makes Money
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