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Bitcoin technical analysis

  • #2,301
  • Feb 14, 2014 4:35pm Feb 14, 2014 4:35pm
Maybe he means closing wedge?
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  • #2,302
  • Edited 5:49pm Feb 14, 2014 5:36pm | Edited 5:49pm
Quoting Jorsik
Maybe he means closing wedge? {image}
No he does mean symmetrical triangle. Sure, wave 2 can't be a triangle as a whole, but it's B wave can be one. So it still could be a wave 2.
Personally I see 5 of C

We had heaps of DT in 5th lately, and a few possible truncated 5th after extended 3d.
https://www.tradingview.com/x/rHSNVyku/

note : the red number could be the larger count, i'd like to see a triangle from here on to confirm we are in a wave 4. So a lower high (<1000) followed by a higher low (>500)
(edit : myself i still got 820 and 690, coming up with EW)
also just to mention the B between the two DT don't break any rules it's 0.3 of A, and A=C
  • #2,303
  • Feb 15, 2014 5:51am Feb 15, 2014 5:51am
Quoting lady_luck
{quote} No he does mean symmetrical triangle. Sure, wave 2 can't be a triangle as a whole, but it's B wave can be one. So it still could be a wave 2. Personally I see 5 of C We had heaps of DT in 5th lately, and a few possible truncated 5th after extended 3d. {image} note : the red number could be the larger count, i'd like to see a triangle from here on to confirm we are in a wave 4. So a lower high (<1000) followed by a higher low (>500) (edit : myself i still got 820 and 690, coming up with EW) also just to mention the B between the two DT don't...
i agree with your count and reasons for it. If we went by the rulebook then wave C (red) having 3 subwaves means we're in a triangle of some sort.
cryptocurrency everytime
  • #2,304
  • Feb 15, 2014 6:08am Feb 15, 2014 6:08am
Quoting venzen
{quote} i agree with your count and reasons for it. If we went by the rulebook then wave C (red) having 3 subwaves means we're in a triangle of some sort.
Hello,
Are you still working on your new articles ?
Have you seen the PA on gox ? It's doing it's own thing, exactly like BTCHINA when the -almost- exact same thing happened to them in december.
  • #2,305
  • Feb 15, 2014 6:48am Feb 15, 2014 6:48am
Quoting lady_luck
{quote} No he does mean symmetrical triangle. Sure, wave 2 can't be a triangle as a whole, but it's B wave can be one. So it still could be a wave 2. Personally I see 5 of C We had heaps of DT in 5th lately, and a few possible truncated 5th after extended 3d. {image} note : the red number could be the larger count, i'd like to see a triangle from here on to confirm we are in a wave 4. So a lower high (<1000) followed by a higher low (>500) (edit : myself i still got 820 and 690, coming up with EW) also just to mention the B between the two DT don't...
Nice chart L_L.....I have this retracement as an ABC coming in at 565..........This would be a great set up for the next up to around 840 which would be wave 3 of the move from 538. Presuming the overall down move is over.!!!!
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  • #2,306
  • Feb 15, 2014 7:15am Feb 15, 2014 7:15am
Quoting KiwiOz
{quote} Nice chart L_L.....I have this retracement as an ABC coming in at 565..........This would be a great set up for the next up to around 840 which would be wave 3 of the move from 538. Presuming the overall down move is over.!!!! {image}
Care needs to be taken in case this happens......Not likely but best to be on guard.
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  • #2,307
  • Feb 16, 2014 1:59am Feb 16, 2014 1:59am
Well, the best Ponzi scheme ever dropped 80% in one year... only.

I am sure that Venzen will conclude onto the power of the support at 270, but do not forget that Ponzicoin is basically nothing but gambling. Those that bought at 1200 understand very well what I'm saying. And I think the Chinese that wanted to avoid the taxes would find those taxes more advantageous now.
  • #2,308
  • Edited 7:21am Feb 16, 2014 6:55am | Edited 7:21am
Quoting aristotel
Well, the best Ponzi scheme ever dropped 80% in one year... only. I am sure that Venzen will conclude onto the power of the support at 270, but do not forget that Ponzicoin is basically nothing but gambling. Those that bought at 1200 understand very well what I'm saying. And I think the Chinese that wanted to avoid the taxes would find those taxes more advantageous now.
Dear fellow trader,
I am curious to see some of your charts here, you have an opinion, good on you, if you have any technical contribution or if you have some question regarding everything you do not understand, such as : exchanges, charts, elliott wave or any basics you might have trouble with, then you'll find us helpful.
As of pointless statements I am more than certain, you will find more praises among your peers : http://trollboxarchive.com/, it's from an other exchange (spoiler, there isn't only Mtgox!) also you can always share your irrefutable arguments on this BB https://bitcointalk.org/index.php?board=57.0.
I hope this help,


Good morning everyone else,

I've notice, the daily SMA200 was crossed on BTCE on 09/02, on huobi and BTCHINA on17/12, on gox on 13/02. Stamp hasn't yet.
First the daily SMA200 has been very consistent -in all of BTC history- to show the end of major correctives C waves.

Strangely, now, It doesn't show any coin leaving gox to be sold elsewhere. It seems that people on gox are not really trying to sell by fear or to cash out. And also even at those low prices nobody seems to want to buy.
Which is interesting.
The USDvolume is up to 3x higher on other exchanges than on gox, BTC are being bought. But not a 200 on GOX, but at 600+ everywhere else.
It's kind of if a consensus has decided to use their coins to kill Gox by dropping the price to zero. And that's seems easy to do.

edit : LTC is still doing an interesting thing, no volume, and seems closer in pattern to Stamp than to BTCE, so really Gox is probably about to shut down.
  • #2,309
  • Feb 16, 2014 7:22am Feb 16, 2014 7:22am
Quoting lady_luck
{quote} Dear fellow trader, I am curious to see some of your charts here, you have an opinion, good on you, if you have any technical contribution or if you have some question regarding everything you do not understand, such as : exchanges, charts, elliott wave or any basics you might have trouble with, then you'll find us helpful. As of pointless statements I am more than certain, you will find more praises among your peers : http://trollboxarchive.com/, it's from an other exchange (spoiler, there isn't only Mtgox!) also you can always...
Actually there is a blog somewhere... under.
I behave like a Ponzi alarm device.

We can concentrate on the user "aristotle", but -1000$ per Ponzicoin seems to be much more interesting.
  • #2,310
  • Feb 16, 2014 7:47am Feb 16, 2014 7:47am
the way I see bitcoin chart - it will drop down to nearly 0 within about 10 days. it is worth only as much as people are willing to pay for it, and they are willing to pay less. once it drops to about 1$ per coin I will buy 100 or so and will wait for what happens - sooner or later somebody will fart that it is a future of economy and it will go up again, just to rip off more people.
at the moment i see it goes down in a very regular way
On my way to financial independence - if others can do it - I can do it
  • #2,311
  • Edited 8:32am Feb 16, 2014 8:17am | Edited 8:32am
Quoting aristotel
{quote} I behave like a Ponzi alarm device.

Sorry that's pretty funny
No drama, we are all trader here, we all have the tools and capacity to profit either way.
We are not only believers and sheep, 1200-->400-->1100-->200-->500-->200 is like a dreamed paradise for us !
  • #2,312
  • Feb 16, 2014 8:41am Feb 16, 2014 8:41am
Quoting lady_luck
{quote} Sorry that's pretty funny No drama, we are all trader here, we all have the tools and capacity to profit either way. We are not only believers and sheep, 1200-->400-->1100-->200-->500-->200 is like a dreamed paradise for us !

I bet it is like paradise, once you use leveraged cfds rather than the wallets. but still with this sort of movements you need to be careful with mm
On my way to financial independence - if others can do it - I can do it
  • #2,313
  • Feb 16, 2014 8:47am Feb 16, 2014 8:47am
Quoting Eur Usd
{quote} I bet it is like paradise, once you use leveraged cfds rather than the wallets. but still with this sort of movements you need to be careful with mm
To be honest with those larger swing, you don't need leverage, as you said it's risky, if i'm right 50% of the time, with 100%-300% swings like those, you only need to catch a one or two swings to double your investment. Which at the end give it a better RR ratio than most forex pair.
  • #2,314
  • Feb 16, 2014 1:18pm Feb 16, 2014 1:18pm
someone please pull the plug on gox. shoot it in the head. enough is enough

L_L i get it now.... triangles are allowed in wave 2s but not as a whole. could be a wave B or X.....

the C wave was an expanding diagonal on bitstamp? wave 1234 were unusually tiny in proportion to the diagonal
  • #2,315
  • Feb 16, 2014 1:51pm Feb 16, 2014 1:51pm
Quoting emptymind
someone please pull the plug on gox. shoot it in the head. enough is enough
Oh, that ? Let me know when and I'm in !
It just make it so much harder to analyze the charts when their is a major technical reason why they are no in sync.
  • #2,316
  • Feb 16, 2014 2:54pm Feb 16, 2014 2:54pm
What's up guys? Been watching the Olympics and mining dogecoin and potcoin :-) Crazy with Mt. Gox, did not have mollahs to pick up some cheap btc.
BTC FTW
  • #2,317
  • Feb 16, 2014 5:08pm Feb 16, 2014 5:08pm
Quoting infinitus
{quote} Strange, isn't it? On the picture you can see the recent transactions in both EURO and USD with their time-stamp. Looks like that the Germans, Europeans or generally their customers are stupid enough to buy BTC right now for 469 Euro, when they would be able to buy it with only 320 USD (that is around 234 EURO) They pay double LOL


LOL What bastards!!! Now they have taken down the way to pay for BTC with USD. Only the EURO way is left.


Everyone now is trying to make as much money as possible. Kind of unorderly situation right now.........
  • #2,318
  • Feb 16, 2014 5:25pm Feb 16, 2014 5:25pm
Hi all,

I new to bitcoin but not in forex
How you trade bitcoins with fundamental analysis?
  • #2,319
  • Feb 16, 2014 7:27pm Feb 16, 2014 7:27pm
Quoting Herful
Hi all, I new to bitcoin but not in forex How you trade bitcoins with fundamental analysis?
Lol....No news GO short...Bad news GO short....Good news GO short... Just the way it is at the moment....
Looking at all the different charts.( thats another Matter that needs to be rectified) it would appear to be all down hill for a few days yet.
Gox down to 100 Btc-e down under 400 & Bitstamp down to around 450. Sheeeeesh.....
Money Makes Money
  • #2,320
  • Feb 16, 2014 7:31pm Feb 16, 2014 7:31pm
Quoting KiwiOz
{quote} Lol....No news GO short...Bad news GO short....Good news GO short... Just the way it is at the moment.... Looking at all the different charts.( thats another Matter that needs to be rectified) it would appear to be all down hill for a few days yet. Gox down to 100 Btc-e down under 400 & Bitstamp down to around 450. Sheeeeesh.....
I find it hard to believe Gox traders are the sole reason for the low low gox prices. I think there is a lot of GOX manipulation going on to bring the price down so they won't have to pay out at higher prices. If they ever do pay out at all......
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