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Bitcoin technical analysis

  • #2,941
  • Apr 15, 2014 4:19am Apr 15, 2014 4:19am
Quoting KiwiOz
A sigh of all the good things to come......... http://www.coindesk.com/btc-china-la...ional-markets/
great but someone please explain......... how do i BUY bitcoins from this picaso machine?! that's what i want to do!

sending bitcoins is not a problem!

BUYing is
  • #2,942
  • Apr 15, 2014 4:47am Apr 15, 2014 4:47am
Quoting emptymind
{image} zooming in on wave 5 of 3........... quite unusual to have strong wave 5 after an extended wave 3 (300% of 1)
Sorry to spoil the party...BUT.????????????
Attached Image (click to enlarge)
Click to Enlarge Name: btcusddaily.png Size: 42 KB
Money Makes Money
  • #2,943
  • Apr 15, 2014 4:54am Apr 15, 2014 4:54am
Quoting KiwiOz
{quote} Sorry to spoil the party...BUT.???????????? {image}
i don't think so! coming wave 5 going to spike thru your upper purple downtrend line. i dare you to go short. cheers

why do you think they created wave e? to tell us the correction is over!...... nothing repeats again and again forever as you your chart shows
  • #2,944
  • Apr 15, 2014 5:13am Apr 15, 2014 5:13am
Quoting emptymind
{quote} i don't think so! coming wave 5 going to spike thru your upper purple downtrend line. i dare you to go short. cheers why do you think they created wave e? to tell us the correction is over!...... nothing repeats again and again forever as you your chart shows
I hope you are right, but I am prepared to go either way........has to be a retrace about now..How far back do you think it will go.??
Money Makes Money
  • #2,945
  • Apr 15, 2014 5:19am Apr 15, 2014 5:19am
wave 5 isn't done yet... it may extend 100% of waves 1 thhru wave 3......... giving a target of 531.......... wel'll have to see what happens..

the natural support is to go back to wave 4 of a lesser degree................... so bottom around 453

we may have 2 extentions back to back............. wave 3 extended and now wave 5 may also extend!!!!!!!!!!! super rare!
  • #2,946
  • Apr 15, 2014 5:22am Apr 15, 2014 5:22am
Quoting KiwiOz
{quote} I hope you are right, but I am prepared to go either way........has to be a retrace about now..How far back do you think it will go.??
Interesting...Btc-e hit 540........Bitstamp is only now getting to 514..??
Money Makes Money
  • #2,947
  • Apr 15, 2014 5:24am Apr 15, 2014 5:24am
Quoting emptymind
wave 5 isn't done yet... it may extend 100% of waves 1 thhru wave 3......... giving a target of 531.......... wel'll have to see what happens.. the natural support is to go back to wave 4 of a lesser degree................... so bottom around 453 we may have 2 extentions back to back............. wave 3 extended and now wave 5 may also extend!!!!!!!!!!! super rare!
You must be using Bitstamp charts.??
Money Makes Money
  • #2,948
  • Apr 15, 2014 5:29am Apr 15, 2014 5:29am
Quoting KiwiOz
{quote} You must be using Bitstamp charts.??
Perhaps I would be best to so also for posting so we are all quoting the same numbers.?
Daily chart shows Bitstamp has not reached the trend line yet.
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 80 KB
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  • #2,949
  • Apr 15, 2014 5:30am Apr 15, 2014 5:30am
On Btc-e. Litecoin was 35 mins later than Bitcoin getting to the target..??????
Money Makes Money
  • #2,950
  • Apr 15, 2014 5:32am Apr 15, 2014 5:32am
yes i like use chart as close to cash as possible. no leverage. leverage always destorts a chart ...
  • #2,951
  • Apr 15, 2014 5:54am Apr 15, 2014 5:54am
Quoting KiwiOz
{quote} Interesting...Btc-e hit 540........Bitstamp is only now getting to 514..??
so many spikes with btc-e! stop hunting?
the 102 spike down was the funniest and most illegal
  • #2,952
  • Apr 15, 2014 5:58am Apr 15, 2014 5:58am
breaking out KO...?!
Attached Image (click to enlarge)
Click to Enlarge Name: u8.png Size: 20 KB

i just looked at the btce daily
  • #2,953
  • Apr 15, 2014 6:17am Apr 15, 2014 6:17am
Quoting KiwiOz
{quote} Perhaps I would be best to so also for posting so we are all quoting the same numbers.? Daily chart shows Bitstamp has not reached the trend line yet. {image}
if you look at a longer term log chart. it definatly isnt a wave 2... feels very wave 4 . and a triangle is wave 4 signature. it's not even allowed in a wave 2
  • #2,954
  • Apr 15, 2014 6:18am Apr 15, 2014 6:18am
Quoting emptymind
breaking out KO...?!{image} i just looked at the btce daily
It depends on where you draw the lines. The blue lines are the most believable to me..
Attached Image (click to enlarge)
Click to Enlarge Name: btcusddaily.png Size: 41 KB
Money Makes Money
  • #2,955
  • Apr 15, 2014 6:20am Apr 15, 2014 6:20am
Quoting KiwiOz
{quote} It depends on where you draw the lines. The blue lines are the most believable to me.. {image}
true, but i usually connect the B and D points (in a triangle)
  • #2,956
  • Apr 15, 2014 6:31am Apr 15, 2014 6:31am
For your reference, this is the HUOBI chart. Some challenge is coming.

Attached Image (click to enlarge)
Click to Enlarge Name: HUOBI.png Size: 435 KB
  • #2,957
  • Apr 15, 2014 6:37am Apr 15, 2014 6:37am
Quoting kingtour
For your reference, this is the HUOBI chart. Some challenge is coming. {image}
Cheers mate..Pity I can't get Houbi on Tradingview..
Money Makes Money
  • #2,958
  • Apr 15, 2014 6:37am Apr 15, 2014 6:37am
Quoting kingtour
For your reference, this is the HUOBI chart. Some challenge is coming. {image}
I sold 5% of my coins to respect this trend line. I expect a break out following a moderate drop.
  • #2,959
  • Apr 15, 2014 6:39am Apr 15, 2014 6:39am
Quoting emptymind
{quote} if you look at a longer term log chart. it definatly isnt a wave 2... feels very wave 4 . and a triangle is wave 4 signature. it's not even allowed in a wave 2
I think you are right..Pity cos that restricts wave 5 to only 1400. Presuming the bottom has been found.
Attached Image (click to enlarge)
Click to Enlarge Name: download (1).png Size: 53 KB
Money Makes Money
  • #2,960
  • Apr 15, 2014 6:42am Apr 15, 2014 6:42am
Quoting emptymind
{image} zooming in on wave 5 of 3........... quite unusual to have strong wave 5 after an extended wave 3 (300% of 1)
Not really. 3 is only moderately extended, and 4 is super big compared to 1,2, and 3. In this case, there is a fair chance that 5 will be the real extended wave.
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