donated a well-deserved 0.1Ƀ @KiwiOz for an awesomely interesting thread... keep up the good work guys =)
- #2,902
- Apr 14, 2014 4:21am Apr 14, 2014 4:21am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Money Makes Money
- #2,903
- Apr 14, 2014 5:23am Apr 14, 2014 5:23am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Money Makes Money
- #2,905
- Apr 14, 2014 5:44am Apr 14, 2014 5:44am
Hey Guys n Gals whaddayathinkofthis..... http://www.coindesk.com/bitcoin-vigi...on-coin-theft/
- #2,907
- Apr 14, 2014 6:36am Apr 14, 2014 6:36am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Money Makes Money
- #2,909
- Edited 10:08am Apr 14, 2014 9:38am | Edited 10:08am
Hello 
KO, congratulation on first donation, well deserved
Their is a lot a five wave structures on every TF (on M5 you can even see ((i))... of (i)...), if it doesn't break the upper TL (540) i guess it could do one of those double triangle Emptymind mentioned, but in my humble this look good. Also got the macd signature of a wave iii.
http://i.imgur.com/vyIk1l0.png
Also, near the upper trend-line (see KO chart) of the "triangle" -and estimate upper target for wave iii of 3- lay at 548 a very important (previous) support, which is now a resistance with the fib 0.382 of the whole correction.
http://i.imgur.com/ujKSDui.png
So that gonna be the moment of truth, if it's a wave 3, these resistance should be ignore with an impulse, otherwise,will have to revise this count.
KO, congratulation on first donation, well deserved
Their is a lot a five wave structures on every TF (on M5 you can even see ((i))... of (i)...), if it doesn't break the upper TL (540) i guess it could do one of those double triangle Emptymind mentioned, but in my humble this look good. Also got the macd signature of a wave iii.
http://i.imgur.com/vyIk1l0.png
Also, near the upper trend-line (see KO chart) of the "triangle" -and estimate upper target for wave iii of 3- lay at 548 a very important (previous) support, which is now a resistance with the fib 0.382 of the whole correction.
http://i.imgur.com/ujKSDui.png
So that gonna be the moment of truth, if it's a wave 3, these resistance should be ignore with an impulse, otherwise,will have to revise this count.
- #2,910
- Apr 14, 2014 12:39pm Apr 14, 2014 12:39pm
Who wants to do a technical analysis on this chart?
A (Proof of Stake) cryptocurrency that can't be mined and dumped.
http://razorsforex.blogspot.com/2014...-of-stake.html
A (Proof of Stake) cryptocurrency that can't be mined and dumped.
http://razorsforex.blogspot.com/2014...-of-stake.html
- #2,911
- Apr 14, 2014 1:40pm Apr 14, 2014 1:40pm
Who wants to do a technical analysis on this chart?
Alt world feel like the Clone Wars. Have you seen all those copy paste of Auroracoin, free Israel, free spain, free Karpeles from their shackle, blah blah, pre-mined, gave away. And all those full anonymity, instant stuff coming out ? Don't get trapped.
- #2,914
- Apr 14, 2014 3:11pm Apr 14, 2014 3:11pm
Hello
i believe this is the start of new bull market. wave e is done.
my chart show wave 5 (of 3)extended and is ending diagonal. is that even legal?!
- #2,916
- Apr 14, 2014 3:28pm Apr 14, 2014 3:28pm
{quote} hello LL, our charts are similar with some minor difference. i like your macd signature... will be divergence with 5 i believe this is the start of new bull market. wave e is done. my chart show wave 5 (of 3)extended and is ending diagonal. is that even legal?!
Hello
Yeah, I like your count, I was just expecting this wave 3 to have quiet some strength, and to last for an other couple of days, may be challenge the 540 area. That's why I choose a smaller degree.
Yes it's legal
When it comes to diagonal triangle, wave 1 and A are often leading diagonal, and wave 5 and C would be ending diagonals. Even if it's a subminuette, or the extension of an extension, or within a triangle.So, is your target for wave 3 still around 640 ?
- #2,917
- Apr 14, 2014 4:19pm Apr 14, 2014 4:19pm
{quote} Hello
ok i calculated the wave 5 target for this current wave 3... of course only approx because i don't know have the exact wave 4 numbers....475-397.16) *.618 + 452 = 501.3. wave 3 will be just a few points more than the previous wave 1 impulse... quite weak! our hope is for wave 5 to extend. if it does extend strongly it usually can do 100% of waves 1 thru wave 3........... so just rough estimate wave 5 can reach 622 . if it's not that strong. then a "normal" 560
- #2,918
- Apr 14, 2014 4:55pm Apr 14, 2014 4:55pm
{quote}thanks, i can't believe how difficult it's getting to label impulse waves. crazy! market tries so hard to confuse us... ok i calculated the wave 5 target for this current wave 3... of course only approx because i don't know have the exact wave 4 numbers....475-397.16) *.618 + 452 = 501.3. wave 3 will be just a few points more than the previous wave 1 impulse... quite weak! our hope is for wave 5 to extend. if it does extend strongly it usually can do 100% of waves 1 thru wave 3........... so just rough estimate wave 5 can reach 622 . if it's...
Also makes sens with what you said before, since this whole up move "I" could be a leading diagonal, it's wave 3 can be weak.
- #2,919
- Apr 14, 2014 8:24pm Apr 14, 2014 8:24pm
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Hello
I like both set ups from you & emptymind. However, just to keep us all from getting caught in a trap I have drawn up an alternative to be wary of.
Possible ABC setup that ends right on the trend line & the support resistance you spotted. Either way I cannot get more than 535 before a decent retracement which I guess on your counts would be wave 4 with 5 going to 600. IF the bottom is really in then 600 would be wave 1 of 5......
Meanwhile watch for this present retracement. It could go down to 425 & maybe even 410 if it gets excited. That's not to say it won't just keep on up from here.....
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