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Bitcoin technical analysis

  • #2,101
  • Feb 6, 2014 10:16pm Feb 6, 2014 10:16pm
Quoting KiwiOz
{quote} I think there is a lot to what you say. I would not be buying anymore until the bottom is confirmed.
Must be close to your red MA now chonchy. This little BIT ch is in a hurry to get somewhere.
Money Makes Money
  • #2,102
  • Feb 7, 2014 2:25am Feb 7, 2014 2:25am
Holy toledo It's smashed all my targets. Iv'e had to go to the Daily chart to get another target...........
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Money Makes Money
  • #2,103
  • Feb 7, 2014 4:18am Feb 7, 2014 4:18am
Wave 3 of C
Attached Image
  • #2,104
  • Feb 7, 2014 4:35am Feb 7, 2014 4:35am
Quoting KiwiOz
Holy toledo It's smashed all my targets. Iv'e had to go to the Daily chart to get another target........... {image}
if A = C then we should atleast reach 306

in my chart A is 787 points (1242-455) and B at 1093.7............... so minimum A=C gives 306 as a target
Attached Image
  • #2,105
  • Feb 7, 2014 4:58am Feb 7, 2014 4:58am
Quoting emptymind
{quote} if A = C then we should atleast reach 306 in my chart A is 787 points (1242-455) and B at 1093.7............... so minimum A=C gives 306 as a target {image}
Wow that's a huge call. I'm not prepared to call below 570 at this time. If it is to go lower I think a major retrace at around 570 will be expected.
Money Makes Money
  • #2,106
  • Feb 7, 2014 5:31am Feb 7, 2014 5:31am
hello everyone

Venzen, I'd be interested by your count on LTC/USD,
Attached Image (click to enlarge)
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(no need to chart if you don't feel like I just wonder what wave you think is in progress)
I found the ltc pairs behavior was very interested during this wave down. They didn't do exactly as usual.

Also, It seems now the exchanges are getting back in sync. price/volume/leading.
On the daily and weekly we are starting to see a spike in volume, and the damage being limited on btc-e and stamp is positive.
It does really feel like this was Gox agony.
  • #2,107
  • Feb 7, 2014 5:36am Feb 7, 2014 5:36am
Anyone read this.??

Mt. Gox Halts ALL Bitcoin Withdrawals, Price Drop Follows
Money Makes Money
  • #2,108
  • Feb 7, 2014 6:02am Feb 7, 2014 6:02am
Quoting KiwiOz
Anyone read this.?? Mt. Gox Halts ALL Bitcoin Withdrawals, Price Drop Follows
Yeah, no surprise. I think everyone is more-so expecting Gox to disappear from the landscape, so it wont affect much the prices when it happens.
  • #2,109
  • Feb 7, 2014 8:05am Feb 7, 2014 8:05am
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  • #2,110
  • Feb 7, 2014 9:00am Feb 7, 2014 9:00am
Quoting KiwiOz
Holy toledo It's smashed all my targets. Iv'e had to go to the Daily chart to get another target........... {image}
i like the way you labeled A and B.......... i shall steal it for my count.... i had giant 1 and giant 2 which looked a little silly
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  • #2,111
  • Feb 7, 2014 9:19am Feb 7, 2014 9:19am
What a day! That is strong movement and it was pretty relentless. My regret is that I cut my hedge too soon and failed to get make much profit on the way down. Although we had targets posted and the potential for downside was there, my bullish outlook clouded my practical judgment and i was not prepared for such a strong move.

Yep, Mt Gox... I had just managed to pester them (2 emails per day for 2 weeks) into verifying my account with all required documents submitted when they responded today with "documents processed - verification denied" and a new set of criteria for verification! On digging in the support pages i found the notice that all withdrawals are suspended until the 10th anyway. They say they have a technical issue to sort out, but i think it's a financial issue in disguise and they might shock the market (up or down) on Monday.

Lot's to discuss and I'll get to answering posts tomorrow - interesting LTCchart, L_L

Plenty work to complete and running out of hours before sleep interferes with my day...
cryptocurrency everytime
  • #2,112
  • Feb 7, 2014 11:10am Feb 7, 2014 11:10am
Russia bans Bitcoin (and cryptocurrencies)
http://www.cryptocoinsnews.com/2014/...ptocurrencies/

Cryptocurrency Business: Poor Customer Service Rife
http://www.cryptocoinsnews.com/2014/...tomer-service/
cryptocurrency everytime
  • #2,113
  • Feb 7, 2014 1:23pm Feb 7, 2014 1:23pm
It corrected. good, this is a good thing. I think it needed to do this.
  • #2,114
  • Feb 7, 2014 2:04pm Feb 7, 2014 2:04pm
Quoting KiwiOz
Anyone read this.?? Mt. Gox Halts ALL Bitcoin Withdrawals, Price Drop Follows
Maybe it's a good time to buy it on the dip
May the Probability be with you!
  • #2,115
  • Feb 7, 2014 2:24pm Feb 7, 2014 2:24pm
Quoting Trademunity
{quote} Maybe it's a good time to buy it on the dip
i would wait for wave C to finish first....... 770 - ((969.4-651.71)*.618)= 573 (end of wave 3)....... look for retracement of about 38.2% typical for wave 4
969.4 - 573 ) *.382 = 724
calc wave 5 using above estimated numbers
724 - (1038.2 - 573)*.618 = 436 (buy around this number)...
  • #2,116
  • Feb 7, 2014 2:31pm Feb 7, 2014 2:31pm
Been lurking this thread for awhile now... Really enjoying reading all of your way over my head EW analysis.

Lots to learn... but wanted to say thanks!!

Masalai
  • #2,117
  • Feb 7, 2014 5:05pm Feb 7, 2014 5:05pm
Quoting Masalai
Been lurking this thread for awhile now... Really enjoying reading all of your way over my head EW analysis. Lots to learn... but wanted to say thanks!! Masalai
Join the que mate. A lot of EW is over my head too. My Ew is the basics of the basics..Without my DeMark line I would be completely lost.
Money Makes Money
  • #2,118
  • Feb 7, 2014 5:05pm Feb 7, 2014 5:05pm
Anyone know why OIL jumped up to $100.??
Money Makes Money
  • #2,119
  • Feb 7, 2014 6:01pm Feb 7, 2014 6:01pm
Quoting KiwiOz
Anyone know why OIL jumped up to $100.??
technically here's why....

http://www.forexfactory.com/showthre...77#post7268077
news wise no idea, maybe because winter Olympics started and imminent terrorist attack in Sochi....who knows..
Wooooohooooo or Boooooohooooo
  • #2,120
  • Feb 7, 2014 6:21pm Feb 7, 2014 6:21pm
Holy Crap! Mt Gox's price is below BTC-e. Amazing...
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