Get outa bed chonchy n L_L Youv'e missed half the fun........
Money Makes Money
- #2,963
- Edited 7:55am Apr 15, 2014 7:26am | Edited 7:55am
in commodities (bitcoin is commodity and currency at same time....... wave 5 is usually the most powerful just an example look at gold 1980 chart. it spiked maybe 10 times the length of the widest part of the triangle. in our case that may translate to a target of over 8000. if you thought wave 3 was parabolic. wave 5 is going to be a vertical line! 
some calcs...
if wave 5 travels same distance as wave 1+wave 3...... target is 1163*1+ 339.79= 1502
at 161.8 fib extension target is 1163*1.618+ 339.79= 2,221.524
at 200% fib..................................1163*2+ 339.79= 2,665.79
at 261.8% .................................1163*2.618+ 339.79=3,384.524
at 300%....................................1163*3+ 339.79=3,828.79
.
.
.
. try all the way until maybe 7.618
1163*7.618+ 339.79= 9,199.524 (extreme parabolic)
so wave 5 can extend to any of the above targets........
that is why it is good to study the duration between spikes....... i believe i gave you the date some posts ago... (see you there at 8000)
some calcs...
if wave 5 travels same distance as wave 1+wave 3...... target is 1163*1+ 339.79= 1502
at 161.8 fib extension target is 1163*1.618+ 339.79= 2,221.524
at 200% fib..................................1163*2+ 339.79= 2,665.79
at 261.8% .................................1163*2.618+ 339.79=3,384.524
at 300%....................................1163*3+ 339.79=3,828.79
.
.
.
. try all the way until maybe 7.618
1163*7.618+ 339.79= 9,199.524 (extreme parabolic)
so wave 5 can extend to any of the above targets........
that is why it is good to study the duration between spikes....... i believe i gave you the date some posts ago... (see you there at 8000
) 
- #2,965
- Apr 15, 2014 8:18am Apr 15, 2014 8:18am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Money Makes Money
- #2,967
- Apr 15, 2014 9:03am Apr 15, 2014 9:03am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Money Makes Money
- #2,968
- Apr 15, 2014 9:04am Apr 15, 2014 9:04am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Money Makes Money
- #2,969
- Edited 10:17am Apr 15, 2014 9:22am | Edited 10:17am
Get outa bed chonchy n L_L Youv'e missed half the fun........
edits :
@ KO, gold charts are great, Venzen always looked into DJIA for some inverted reciprocity.
. wave 5 is usually the most powerful just an example look at gold 1980 chart. it spiked maybe 10 times the length of the widest part of the triangle. in our case that may translate to a target of over 8000. if you thought wave 3 was parabolic. wave 5 is going to be a vertical line!
@emptymind, i think this PA is still on track with my yesterday chart : http://i.imgur.com/xTyYALl.png
Bitstamp would do the same as BTC-e on wave v of 3, and break the upper TL/resistance
BTC-e might fall short on the v and end barely above the top of wave iii
Interesting differences, that says a lot about who are the users of both exchanges, bitstamp more bearish/fear driven/less users/more big holder, and BTCe more young/greed driven/more traders/smaller amounts.
If we go below 464 before tomorrow then wave 3 is over and we'll see 420. Otherwise I'm expecting 560-600 on both exchanges.
LTC/BTC : usually this pair is stable or decline during wave 1 to 3 of BTCUSD, which was true again so far. I'm expecting the ratios and other altcoin to go up during the v and then even strongly during 5. A spike there, is an other "empirical" confirmation to look for.
- #2,971
- Apr 15, 2014 11:04am Apr 15, 2014 11:04am
{quote} Mhhhh... morning *stretch*. * coffee and cigarette*, what just happened ? edits : @ KO, gold charts are great, Venzen always looked into DJIA for some inverted reciprocity. {quote} True, I think April was a wave 5, there was two "blips" on the way in 2012, the first one look like September 2013 and the second one in august remind me a lot of november 2013. Wave 5 can be sexy too
we have 2 counts now... we'll see what happens 
- #2,972
- Apr 15, 2014 11:15am Apr 15, 2014 11:15am
{quote} good morning LL, your chart makes sens when look at it from longer time frame; sometimes we miss the big picture if we look too closely. i like how your I,II,III,... are sort of moving inside a channel. If this is correct and wave 3 isn't over yet a good target would be 161.8% of wave 1 (439.5-339.79)*1.618 + 397.16=558.49 (good target for your wave 3).
Thanks
If so, wave ii was relatively complex then this iv should be more simple.Hmm, ltcusd just made a move. Wave b, I assume. This should resolve soon
- #2,975
- Apr 15, 2014 4:08pm Apr 15, 2014 4:08pm
{quote} What do you think about this triangle ? {image}
and we need to spend more time in wave 4.... you're triangle is nearly finished! tooo early compared to wave 2 time spent
(i understand you have a different count --- i see your iii)
- #2,976
- Edited 4:44pm Apr 15, 2014 4:29pm | Edited 4:44pm
{quote} i guess it's possible but not painful enough ...we need to shakeout the weak hands.. we shall see!
But, LTCUSD is doing something, may be heading toward 16.8. Huobi is being divergent too, pointing up. May be Kingtour got an other count for that, but it looks like an ED, probably v of 3 ?
I don't know about "weak hand", I think they've been left with cash in their hand, in the 350 area, waiting for whatever the new bad hype in china about to happen is. May be now is when those "weak hand" gonna buy in, not sell.
- #2,980
- Edited 5:28pm Apr 15, 2014 5:17pm | Edited 5:28pm
Oh well, I could have just waited for the PA to move, 512 now.. i guess new question is, how high ? I still got 560 and also 600. And hmm.. 16.8 on LTC. Looking at other exchange and even more LTCUSD and LTCBTC is a bit of juggling between alt count and sanity. But their is some interesting implicit rules to it. It's all empirical, like looking at news or the mood in other forums, but it's a good tool to use once in a while.
