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Bitcoin technical analysis

  • #2,381
  • Feb 21, 2014 6:30pm Feb 21, 2014 6:30pm
Quoting KiwiOz
{quote} 280.............Sorry, but that's the way it looks unless something drastically "GOOD" happens soon. {image}
And I believe you too, 99.999% of the time when you say what you think is going to happen, it happens. If I only learned 1 thing in the last 2 months of being a part of this tread, it would be to listen to you very closely. I only wish I had half your knowledge to contribute to this thread!
  • #2,382
  • Feb 21, 2014 6:43pm Feb 21, 2014 6:43pm
Quoting KiwiOz
{quote} 280.............Sorry, but that's the way it looks unless something drastically "GOOD" happens soon. {image}
I had an other question, the larger triangle from the ATH to the LL, is there any rule about the number of point of contact required, and at what % of the apex the breakout is most-likely ?
Because EW triangle are different, that same triangle, and I think Emptymind and Venzen could confirm it for me, we would see a d wave up from here.
  • #2,383
  • Feb 21, 2014 8:46pm Feb 21, 2014 8:46pm
Interesting.........
http://www.coindesk.com/has-company-...x-withdrawals/
Money Makes Money
  • #2,384
  • Feb 21, 2014 8:50pm Feb 21, 2014 8:50pm
Quoting dcramer16
{quote}And I believe you too, 99.999% of the time when you say what you think is going to happen, it happens. If I only learned 1 thing in the last 2 months of being a part of this tread, it would be to listen to you very closely. I only wish I had half your knowledge to contribute to this thread!
Thanks mate but my knowledge is no greater than yours. I just go by the "Techs" shut my eyes & pray...Lol..
Hopefully for all people holding bitcoins good news will come & prove me wrong. I won't mind 'cos I don't own bitcoins, only trade them forex style.
Money Makes Money
  • #2,385
  • Feb 21, 2014 8:53pm Feb 21, 2014 8:53pm
Quoting lady_luck
{quote} I had an other question, the larger triangle from the ATH to the LL, is there any rule about the number of point of contact required, and at what % of the apex the breakout is most-likely ? Because EW triangle are different, that same triangle, and I think Emptymind and Venzen could confirm it for me, we would see a d wave up from here.
Hi L_L can you post a chart so I can see what you mean.?? Then I can analyse it my way & see what I come up with...Cheers
Money Makes Money
  • #2,386
  • Feb 21, 2014 9:05pm Feb 21, 2014 9:05pm
The yellow line is a super strong support line. Maybe we see 700...????????
Attached Image (click to enlarge)
Click to Enlarge Name: download (1).png Size: 72 KB
Money Makes Money
  • #2,387
  • Feb 21, 2014 11:56pm Feb 21, 2014 11:56pm
Finally, I am posting a chart...lol
Saw it on another thread and thought it looked interesting. Although the predictions were a bit low for Dec!

Hopefully I have finally contributed something useful to this tread...
Attached Image (click to enlarge)
Click to Enlarge Name: bitchart.jpg Size: 248 KB
  • #2,388
  • Feb 22, 2014 2:03am Feb 22, 2014 2:03am
Quoting dcramer16
Finally, I am posting a chart...lol Saw it on another thread and thought it looked interesting. Although the predictions were a bit low for Dec! Hopefully I have finally contributed something useful to this tread... {image}
Yeah, right!!! This presumes the everlasting trend. It has never happened, but "this time is different!"
  • #2,389
  • Feb 22, 2014 2:43am Feb 22, 2014 2:43am
Hi there guys, when does bitcoin expire? with my broker, gox will close on 1st of march...does that sound about right? or is it different for everybody else?
  • #2,390
  • Feb 22, 2014 3:01am Feb 22, 2014 3:01am
Quoting viitrader
Hi there guys, when does bitcoin expire? with my broker, gox will close on 1st of march...does that sound about right? or is it different for everybody else?

Expire.????????????????

Anyone seen any news. Gox just shot up fro 97 to 135.?????
Money Makes Money
  • #2,391
  • Feb 22, 2014 3:15am Feb 22, 2014 3:15am
Quoting KiwiOz
The yellow line is a super strong support line. Maybe we see 700...???????? {image}
Strong bounce off that support line. Lets see where it goes from here.
Money Makes Money
  • #2,392
  • Feb 22, 2014 3:17am Feb 22, 2014 3:17am
Quoting KiwiOz
{quote} Expire.???????????????? Anyone seen any news. Gox just shot up fro 97 to 135.?????
yeah price expire date 01/03/14 !... don't you have that on your platform?
  • #2,393
  • Feb 22, 2014 3:49am Feb 22, 2014 3:49am
Quoting viitrader
{quote} yeah price expire date 01/03/14 !... don't you have that on your platform?
No.What platform are you using.?
Money Makes Money
  • #2,394
  • Feb 22, 2014 3:59am Feb 22, 2014 3:59am
Quoting KiwiOz
{quote} No.What platform are you using.?
plus 500, its 24/7 trading bitcoin but has a monthly expire date. Many other brokers have the same, just unsure of the date.
  • #2,395
  • Feb 22, 2014 5:46am Feb 22, 2014 5:46am
Quoting viitrader
{quote} plus 500, its 24/7 trading bitcoin but has a monthly expire date. Many other brokers have the same, just unsure of the date.
Yeah.. Have sent email off to double check but it means you have to close all bitcoin trades at months end or they will be automatically closed for you.
Just need to remember it & close all bitcoin trades then start new trade next day.
Money Makes Money
  • #2,396
  • Feb 22, 2014 6:25am Feb 22, 2014 6:25am
Quoting viitrader
{quote} plus 500, its 24/7 trading bitcoin but has a monthly expire date. Many other brokers have the same, just unsure of the date.
Plus 500 not with Gox anymore, now with Btc-e. You can see by the price.
Money Makes Money
  • #2,397
  • Feb 22, 2014 6:42am Feb 22, 2014 6:42am
Good morning everyone,

Kiwioz, I meant for triangle in general with your method I'm trying to understand to get a better read at your charts

Dcramer16, the chart you posted is interested from mathematical perspective, people think it applies to emerging new technologies better than linear and other log models.

Aristotel, the charts from Dcramer16 is based on a sig function, so could you please explain to me why a positive derivative model doesn't apply as a charting tool ?

PA, I still see an impulse wave up from here, it's tiny and only clear on T15, could go to 670... We might even see a good news or two if we get there
  • #2,398
  • Feb 22, 2014 7:02am Feb 22, 2014 7:02am
Quoting lady_luck
Good morning everyone, Kiwioz, I meant for triangle in general with your method I'm trying to understand to get a better read at your charts Dcramer16, the chart you posted is interested from mathematical perspective, people think it applies to emerging new technologies better than linear and other log models. Aristotel, the charts from Dcramer16 is based on a sig function, so could you please explain to me why a positive derivative model doesn't apply as a charting tool ? PA, I still see an impulse wave up from here, it's tiny and only clear...
Good morniing L_L....Or for me Good night. 11pm here & I'm off to bed.
Triangle.......By the look of the larger triangle we could well go close to 700 as you say. The major support line we have just bounced off is crucial I think. A break & hold below & down we go. Should have that answer in next 24hrs.. Will have a quick look in the morning (9hrs) before going off to Bowls for the day......Cheers
Money Makes Money
  • #2,399
  • Feb 22, 2014 8:15am Feb 22, 2014 8:15am
I think we pretty have the same perspective.
I have 3 key level (from more-likely to less-likely) :

-530, if it were to break now, it would invalid my black triangle, and this being a wave 4 of a lesser degree, actual 3-3-5 structure, if so next would be 670-710, then 590.
-then it would be the blue ray and count, with an impossible overlap of the april ATH at 256, making this a wave I-II of a new cycle, actual 5-3-5 structure, if so next would be 330 then 760 then 280.
-then it would be the red count, or Prechter count, with a historical wave (I)-(II).. If so <rather not say>

Not sure how clear it is on this, but i tried to made it as readable as possible, trying to show how key level would be triggering larger wave count.
https://www.tradingview.com/x/Bd0VrzyQ/
edit : log scale*

Also that's why your yellow line and 530 was also crucial to me, and I was double checking your opinion yesterday, because if it breaks now it would trigger a whole larger wave count.
  • #2,400
  • Feb 22, 2014 11:10am Feb 22, 2014 11:10am
Quoting lady_luck
{image} Look like an impulse

So definitely impulse, wave iii of 3 in progress. Top of wave 3 should be 670. Wave 5 at 710, if extended 760.
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