Attachments: Bitcoin technical analysis

Bitcoin technical analysis

#2,881
Apr 13, 2014 8:01pm Apr 13, 2014 8:01pm

Taffy
| Joined Apr 2014 | Status: Trader | 386 Posts

Sorry, I don't as I don't use Tech Analysis much. I'm a bit of an agnostic when it comes to MACD, Flags and such like LOL! :nerd:. I use Fundies a lot. My Boss uses your Forum for info to trade BTC and he believes the MT4 signals, most of which are fake, sadly. OTOH, the Vice-Boss uses this thread's Tech Analysis on BTC and she makes truckloads!! So, just goes to prove that success is in the "art" of interpretation.

BTW, this thread is a fantastic resource and give s a lot of good stuff on BTC. Keep up the good work

#2,882
Edited 8:21pm Apr 13, 2014 8:05pm | Edited 8:21pm

lady_luck
| Joined Dec 2013 | Status: Trader | 498 Posts

Quoting KiwiOz

Disliked

Here's a Bitstamp chart. Take a look at my numbering 3 & 4....What if they were relabeled 1 & 2. Thinking on a BIG time scale.????????? {image}

Ignored

I'm not sure I understand what you mean. Is your question more about the price target for 4, and would it be more possible if it was 2 ? Or did you mean that the whole correction make more sens as a wave 2 because of the lengh ?

#2,883
Apr 13, 2014 8:12pm Apr 13, 2014 8:12pm

lady_luck
| Joined Dec 2013 | Status: Trader | 498 Posts

Quoting Taffy

Disliked

Sorry, I don't as I don't use Tech Analysis much. I'm a bit of an agnostic when it comes to MACD, Flags and such like LOL! :nerd:. I use Fundies a lot. My Boss uses your Forum for info to trade BTC and he believes the MT4 signals, most of which are fake, sadly. OTOH, the Vice-Boss uses this thread's Tech Analysis on BTC and she makes truckloads!! So, just goes to prove that success is in the "art" of interpretation. BTW, this thread is a fantastic resource and give s a lot of good stuff on BTC. Keep up the good work .

Ignored

Hello Taffy,
Welcome here

Personally I'm a bit from the church of news follow prices (got a sermon every other week), I think fundamentals are visible from within the chart. I think a good enough analyst could deduce a lot from the BTC chart (without having ever heard of it) about the nature of BTC (the deflatory, currency and commodity characteristics are pretty clear in the PA).

KO -you Rockstar'- you need to start adding a BTC donation address in your signature

#2,884
Apr 13, 2014 8:37pm Apr 13, 2014 8:37pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Quoting lady_luck

Disliked

{quote} I'm not sure I understand what you mean. Is your question more about the price target for 4, and would it be more possible if it was 2 ? Or did you mean that the whole correction make more sens as a wave 2 because of the lengh ?

Ignored

No I just mean looking at the BIG picture, Is the wave 4 really wave 2.???
Cos if it is wave 3 will be a bloody beauty......

Money Makes Money

#2,885
Apr 13, 2014 8:42pm Apr 13, 2014 8:42pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Quoting lady_luck

Disliked

{quote} Hello Taffy, Welcome here Personally I'm a bit from the church of news follow prices (got a sermon every other week), I think fundamentals are visible from within the chart. I think a good enough analyst could deduce a lot from the BTC chart (without having ever heard of it) about the nature of BTC (the deflatory, currency and commodity characteristics are pretty clear in the PA). KO -you Rockstar'- you need to start adding a BTC donation address in your signature

Ignored

Is that for me to donate elsewhere or for doting followers & hero worshipers to donate to me. If the latter, I will only accept FULL bitcoins. Hahaaaaaaaaa

Money Makes Money

#2,886
Apr 13, 2014 8:46pm Apr 13, 2014 8:46pm

lady_luck
| Joined Dec 2013 | Status: Trader | 498 Posts

Quoting KiwiOz

Disliked

{quote} No I just mean looking at the BIG picture, Is the wave 4 really wave 2.???

Ignored

I think it would make more sens. But I don't have any compelling argument. Like Venzen said before, April could have been a minor and november a minute. Then surely 1-2.

edit : For followers to give to you

I mean sure, feel free to redistribute to us after if you wanna

But you should, you are putting some 90% proof analysis out here and may be sometime if you get too many follower it might start messing with your own trading, so why not ?

edit 2 : fifth wave are beautiful too

diagonals and extended 5 can be pretty

#2,887
Apr 13, 2014 8:50pm Apr 13, 2014 8:50pm

kingtour
| Joined Mar 2014 | Status: Trader | 59 Posts

Quoting KiwiOz

Disliked

{quote} Hi kingtour.....I am no EW expert but I am sure the rule is wave 3 "Cannot be the shortest" It can shorter than wave 1. (very rare) or wave 5, but not both..Very often you see an extended wave 5 much longer than wave 3. Hope that makes sense...Cheers.

Ignored

In the blue case wave 1 is longer than 3, so wave 5 must be shorter than 3.... does this make sense?

#2,888
Apr 13, 2014 8:51pm Apr 13, 2014 8:51pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Quoting lady_luck

Disliked

{quote} I think it would make more sens. But I don't have any compelling argument. Like Venzen said before, April could have been a minor and november a minute. Then surely 1-2.

Ignored

Yeah. it's worth considering. Especially with so many predicting 2000+, 100000,1000000.............Gotta get over the present ban the bitcoin hurdle first. Gov'ts & banks are obviously scared $$itless at the thought of altcoins taking over the world.

Money Makes Money

#2,889
Apr 13, 2014 8:56pm Apr 13, 2014 8:56pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Quoting kingtour

Disliked

{quote} In the blue case wave 1 is longer than 3, so wave 5 must be shorter than 3.... does this make sense?

Ignored

Yes that does make sense. Anyone else notice this. I didn't, but then I don't look for these things. Maybe if I brush up on EW then combine "Perfect EW analysis with my system I might get rich...........

Anyway Kintour good thinking.. keep it up & keep posting.

Money Makes Money

#2,890
Apr 13, 2014 9:16pm Apr 13, 2014 9:16pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

This what I mean. PURE speculation but it would bring wave 5 to 2000 nicely. If this is wave 2 it is very messy & prolonged which would make wave 4 short & sweet...........

Something to keep in mind for the future. looking at the weekly that would culminate around the end of 2015.....

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#2,891
Apr 13, 2014 9:51pm Apr 13, 2014 9:51pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Bitcoin Donation address added to signature as requested by millions........

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#2,892
Apr 13, 2014 10:16pm Apr 13, 2014 10:16pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

This retracement is maybe not over yet. redrew my lines & found it can go to 423 & still fall over to make new lows. Gone long again targeting 423........

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#2,893
Apr 13, 2014 10:18pm Apr 13, 2014 10:18pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

I see 23 traders viewing this thread at the moment & only 3 are members. Come on in guys in gals. Join in the fun.........

Money Makes Money

#2,894
Apr 13, 2014 10:58pm Apr 13, 2014 10:58pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Quoting KiwiOz

Disliked

This retracement is maybe not over yet. redrew my lines & found it can go to 423 & still fall over to make new lows. Gone long again targeting 423........ {image}

Ignored

Bit early. Looks keen on the Daily pivot first.

Money Makes Money

#2,895
Apr 13, 2014 11:51pm Apr 13, 2014 11:51pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Quoting KiwiOz

Disliked

This retracement is maybe not over yet. redrew my lines & found it can go to 423 & still fall over to make new lows. Gone long again targeting 423........ {image}

Ignored

Wow. that was quick..

.....What the hell kicked that off..?????

Money Makes Money