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Bitcoin technical analysis

  • #2,701
  • Apr 2, 2014 10:13pm Apr 2, 2014 10:13pm
Quoting lady_luck
{quote} Since you are in OZ, i recommend https://www.btradeaustralia.com/ I used them a couple of times and never had any issue. They have some of the lowest commission, it's anonymous, and they answer question in due time.
lady_luck, how are you? hope al fine, where can I buy them from here, USA, thanks in advance.
The Chonchy
  • #2,702
  • Apr 2, 2014 10:15pm Apr 2, 2014 10:15pm
Quoting emptymind
{quote} thanks mate! just throwing darts and guessing your technology is quite impressive you could actually get a target from that slope? crazy good! {image}
good call emptymind.....
The Chonchy
  • #2,703
  • Apr 2, 2014 11:05pm Apr 2, 2014 11:05pm
Quoting chonchy
{quote} Hello Traders, Hello Mr. venzen, How are you Sr. long, good writing out there, congrats, hope yourself and everybody here have a wonderful week, good luck....
hi chonchy! i'm amazed at how low the market is allowing Bitcoin to go! We just wait like waiters, eh?
cryptocurrency everytime
  • #2,704
  • Apr 3, 2014 12:13am Apr 3, 2014 12:13am
Hello to you all. You people on this forum dont know me but I have been following you for about 3 months.I hope you can help me with this question. I was reading on a previous post that the current support for bitcoin has been 425 ;and within the last 24 hours bitcoin stamp price dropped to 419...so it broke through the 425 level.
My question is does that now show that the price will go lower? Like it broke through the bottom. Or is 425 a rough estimate of the bottom...look forward to reading your comments.

Please let me know you guys have so much experience and I l
  • #2,705
  • Apr 3, 2014 2:10am Apr 3, 2014 2:10am
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  • #2,706
  • Apr 3, 2014 2:22am Apr 3, 2014 2:22am
Quoting Long-Bitcoin
Hello to you all. You people on this forum dont know me but I have been following you for about 3 months.I hope you can help me with this question. I was reading on a previous post that the current support for bitcoin has been 425 ;and within the last 24 hours bitcoin stamp price dropped to 419...so it broke through the 425 level. My question is does that now show that the price will go lower? Like it broke through the bottom. Or is 425 a rough estimate of the bottom...look forward to reading your comments. Please let me know you guys have so much...
Around 390 looks like a forgone conclusion now. We may get a 100 pip retrace at that point though.??
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Money Makes Money
  • #2,707
  • Apr 3, 2014 2:23am Apr 3, 2014 2:23am
Quoting Long-Bitcoin
Hello to you all. You people on this forum dont know me but I have been following you for about 3 months.I hope you can help me with this question. I was reading on a previous post that the current support for bitcoin has been 425 ;and within the last 24 hours bitcoin stamp price dropped to 419...so it broke through the 425 level. My question is does that now show that the price will go lower? Like it broke through the bottom. Or is 425 a rough estimate of the bottom...look forward to reading your comments. Please let me know you guys have so much...
market is very dynamic. go down then up and sideways. example... market completing wave 3 now then will probably retrace about 38% to 50% of the decline marking top of 4 and we go down one last time, imo... please follow great traders such as KO, chonchy, LL and other great members
  • #2,708
  • Edited 6:35am Apr 3, 2014 5:49am | Edited 6:35am
POP!

sideways action for a while ...could be triangle or flat................. wave 4 . i think 50% retracement is good resistance

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it is possible wave 5 would fail/truncate (not go beyond wave 3 (we'll have to count 5 waves) so don't wait till last minute to build your position. bitcoin has a history of creating running flat where wave C doesn't end beyond A. that is your signal for explosive up move coming yourway
  • #2,709
  • Edited 11:18am Apr 3, 2014 7:52am | Edited 11:18am
Quoting chonchy
{quote} lady_luck, how are you? hope al fine, where can I buy them from here, USA, thanks in advance.
Hello Chonchy,
I haven't yet lived in the US and buy btc, so I can't say by experience, i mentioned to you https://localbitcoins.com/ it's peer to peer, not always the best prices, but it's legit, may be venzen know of a better website. I am not sure, but I think in the US they will often ask you for ssn, dl or something, I heard a few people using dwolla as a payment getaway. But i think localbitcoin is simpler.

edit : good charts everyone, KO emptymind, Chonchy, seems like you all nailed it I'm a bit sad for my wave 4 triangle tho, after rambling about it since january I'm gonna miss it lol.
Anyone had a look at the LTC chart lately ? It looks like 5wave are already thru doesn't it ?
http://i.imgur.com/bTL902K.png
  • #2,710
  • Apr 3, 2014 11:20am Apr 3, 2014 11:20am
Quoting lady_luck
{quote} Hello Chonchy, I haven't yet lived in the US and buy btc, so I can't say by experience, i mentioned to you https://localbitcoins.com/ it's peer to peer, not always the best prices, but it's legit, may be venzen know of a better website. I am not sure, but I think in the US they will always ask you for ssn, dl or something, I heard a few people using dwolla as a payment getaway. But i think localbitcoin is simpler.
i agree localbitcoins.com is the most straight-forward. I recently discovered an online market place via IRC called #bitcoin-otc. The market has a web of trust system if you want to check the trust rating of the person you're interested in buying from. Here's the portal http://bitcoin-otc.com/

if you're not too familiar with IRC, don't worry, just open this in your browser: https://webchat.freenode.net/#bitcoin-otc
choose a nickname (nick) and login

IRC is a bit geek-oriented but there are good help pages to at wikipeia to get you started - or post here and ask for help.
cryptocurrency everytime
  • #2,711
  • Apr 3, 2014 1:20pm Apr 3, 2014 1:20pm
Quoting venzen
{quote} hi chonchy! i'm amazed at how low the market is allowing Bitcoin to go! We just wait like waiters, eh?
it is low but it may go lower, this is just a pull back me think, I will put more money in the acc and buy more, because like all of you say, it will eventually go up some time.....dcramer16 is rite on that me think, he is investing in BTC not trading, long term investor, I like that, when it goes to 1500 he will be a happy camper and will be able to build a fence around his state......
The Chonchy
  • #2,712
  • Apr 3, 2014 1:23pm Apr 3, 2014 1:23pm
Quoting lady_luck
{quote} Hello Chonchy, I haven't yet lived in the US and buy btc, so I can't say by experience, i mentioned to you https://localbitcoins.com/ it's peer to peer, not always the best prices, but it's legit, may be venzen know of a better website. I am not sure, but I think in the US they will often ask you for ssn, dl or something, I heard a few people using dwolla as a payment getaway. But i think localbitcoin is simpler. edit : good charts everyone, KO emptymind, Chonchy, seems like you all nailed it I'm a bit sad for my wave 4 triangle...
thanks l_l I will look into it, thanks a lot.....
The Chonchy
  • #2,713
  • Apr 3, 2014 1:25pm Apr 3, 2014 1:25pm
Quoting venzen
{quote} i agree localbitcoins.com is the most straight-forward. I recently discovered an online market place via IRC called #bitcoin-otc. The market has a web of trust system if you want to check the trust rating of the person you're interested in buying from. Here's the portal http://bitcoin-otc.com/ if you're not too familiar with IRC, don't worry, just open this in your browser: https://webchat.freenode.net/#bitcoin-otc choose a nickname (nick) and login IRC is a bit geek-oriented but there are good help pages to at wikipeia...
thanks venzen, let me see if I can get some BTC to see if I can buy more at 297 wish is I think the last hurdle, the yellow line looks appealing for the sharks to get in but it may bounce up at the 297 again.....we will see how she rolls.......

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The Chonchy
  • #2,714
  • Edited 2:02pm Apr 3, 2014 1:35pm | Edited 2:02pm
Quoting venzen
{quote} hi chonchy! i'm amazed at how low the market is allowing Bitcoin to go! We just wait like waiters, eh?
......For all I know this puppy can just drop to 200 in a spike and go back up for all the sharks waiting to buy, like us, I mean look at it in the past, that is what it has done before, so following the pattern, is due for that maneuver again....It may go very well to the red ema 100 and bounce up like a yoyo....like my good friend smikester sai, what a great pair to trade.......for all I know, I sai again, 425 is a buy, 297 is a buy and 175 or 200 is another buy,........buy all...

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The Chonchy
  • #2,715
  • Apr 3, 2014 2:00pm Apr 3, 2014 2:00pm
Quoting chonchy
{quote} lady_luck, how are you? hope al fine, where can I buy them from here, USA, thanks in advance.
COINBASE would be the easiest way to buy BTC in US. Maybe you are worried about leaking your real identity to IRS? Then that's a different story. China is still a paradise to buy BTC nowadays, you can deposit within an hour and get BTC withdrawn within a few minutes and they never report to IRS.
  • #2,716
  • Apr 3, 2014 2:01pm Apr 3, 2014 2:01pm
Quoting kingtour
{quote} COINBASE would be the easiest way to buy BTC in US. Maybe you are worried about leaking your real identity to IRS? Then that's a different story. China is still a paradise to buy BTC nowadays, you can deposit within an hour and get BTC withdrawn within a few minutes and they never report to IRS.
BTW, BTC in HUOBI, OKCOIN or BTCCHINA are on sale now, 2-5% cheaper. Welcome.
  • #2,717
  • Apr 3, 2014 2:09pm Apr 3, 2014 2:09pm
Quoting kingtour
{quote} COINBASE would be the easiest way to buy BTC in US. Maybe you are worried about leaking your real identity to IRS? Then that's a different story. China is still a paradise to buy BTC nowadays, you can deposit within an hour and get BTC withdrawn within a few minutes and they never report to IRS.
thanks Kingtour, nah what I want to buy is so little the IRS won't even bother with, what I want to buy, may even come from donations if the thread keep growing like it is.......thanks for the tip...
The Chonchy
  • #2,718
  • Apr 3, 2014 2:12pm Apr 3, 2014 2:12pm
What I like to see this instrument doing is the blue box consolidation before the rally, again here bet wing 425 and 297, if it do that again, I'm all in on a spike down...


but this may take some time, so trade the small charts like KiwiOz said....


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The Chonchy
  • #2,719
  • Apr 3, 2014 2:43pm Apr 3, 2014 2:43pm
Quoting kingtour
{quote} BTW, BTC in HUOBI, OKCOIN or BTCCHINA are on sale now, 2-5% cheaper. Welcome.
kingtour, how do i buy from okcoin? i don't know chinese. thanks
  • #2,720
  • Edited 3:27pm Apr 3, 2014 3:10pm | Edited 3:27pm
this is the final wave 5. the correction which started at 1163 will be over! atleast thats what i think
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509.98 - 416.11 )*.618 - 465 = 406.98 (wave 5 target)

if wave 5 is weak maybe it will stop at ,.....
509.98 - 416.11 )*.382 - 465 = 429!!!!! possible truncated/failed wave 5!!!! be careful!

i believe correction will be over!!!!!!!!!!!
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