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Bitcoin technical analysis

  • #2,981
  • Apr 15, 2014 3:22pm Apr 15, 2014 3:22pm
Quoting lady_luck
{quote} If you meant ii of 3, yes it can fit a triangle, but it look better as an ending diagonal within in c Also stamp is now flirting with 508.. {image}
ending diagonal. never thought of that. must take a look at it more closer some time later
  • #2,982
  • Apr 15, 2014 3:36pm Apr 15, 2014 3:36pm
Quoting emptymind
{quote} 512 could be B wave........ my C wave invvalidated.... but didn't have confidence in it because of being too early {image}
How many waves is their in your B ? On H1, i can see 5.. Also it's close to 90% of "A" that's pretty rare ?
About the ED, I think you did mentioned it the other day, you asked if it was even legal that the extended 5th of C was doing one.
  • #2,983
  • Apr 15, 2014 3:42pm Apr 15, 2014 3:42pm
Quoting lady_luck
{quote} How many waves is their in your B ? On H1, i can see 5.. Also it's close to 90% of "A" that's pretty rare ? About the ED, I think you did mentioned it the other day, you asked if it was even legal that the extended 5th of C was doing one.
B wave can even be higher than 515. it's called expanded flat or irregular
yes ,, ED usually at 5th waves and C waves
  • #2,984
  • Apr 15, 2014 3:52pm Apr 15, 2014 3:52pm
the B wave is very strong. but the C wave has to complete first.............. that shows market has huge energy and wants to go up so wave 5 will extend (atleast my count)

structure is 3-3-5
  • #2,985
  • Apr 15, 2014 4:04pm Apr 15, 2014 4:04pm
Quoting lady_luck
{quote} How many waves is their in your B ? On H1, i can see 5.. Also it's close to 90% of "A" that's pretty rare ? About the ED, I think you did mentioned it the other day, you asked if it was even legal that the extended 5th of C was doing one.
im not sure... which part of B? its supposed to be 3 waves
  • #2,986
  • Apr 15, 2014 4:11pm Apr 15, 2014 4:11pm
expanded flat! rare!
Attached Image


"
These type of corrections often confuse and surprise traders in that they see wave A complete as a 3 wave move against the trend followed by price moving beyond the origin of wave A making them believe the correction has ended and price will continue in the direction of the trend only to be met with a swift 5 wave move against the trend again to complete the structure.
Here is a real market example that features a bearish trend."
  • #2,987
  • Apr 15, 2014 4:14pm Apr 15, 2014 4:14pm
Here, I see 5 waves so it don't feel like a B to me ...
But it work out with the triangle and wave (i) of v of 3...

http://i.imgur.com/Xrv4HSI.png
  • #2,988
  • Apr 15, 2014 4:18pm Apr 15, 2014 4:18pm
Quoting lady_luck
Here, I see 5 waves so it don't feel like a B to me ... {image}
my A is to the left (not the low)
  • #2,989
  • Apr 15, 2014 4:27pm Apr 15, 2014 4:27pm
Quoting emptymind
{quote} my A is to the left (not the low)
Oh yeah, sorry, I misplaced it, but i still see an extra wave either way ...
I might be wrong but well I guess we'll know soon What the highest it can go for you before it gets invalidated as a B wave ? Because 527 now..
  • #2,990
  • Apr 15, 2014 4:54pm Apr 15, 2014 4:54pm
G'mornin all.......I think it is about to roll over. A 2nd attack to the top is often seen.
emptymind. I like your 458 retrace target. I get the same so long as we start down now.
See the top 2 blue target lines. The lower one was the actual target. The upper one the extreme target. Price often comes back up to the 1st target before the real retrace.
Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh1.png Size: 37 KB
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  • #2,991
  • Apr 15, 2014 5:02pm Apr 15, 2014 5:02pm
Quoting KiwiOz
G'mornin all.......I think it is about to roll over. A 2nd attack to the top is often seen. emptymind. I like your 458 retrace target. I get the same so long as we start down now. See the top 2 blue target lines. The lower one was the actual target. The upper one the extreme target. Price often comes back up to the 1st target before the real retrace. {image}
The other possibility is that this will be a minor abc retrace with the major ABC ending at 388.
Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh1.png Size: 36 KB
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  • #2,992
  • Apr 15, 2014 5:15pm Apr 15, 2014 5:15pm
Quoting KiwiOz
{quote} The other possibility is that this will be a minor abc retrace with the major ABC ending at 388. {image}
Bitstamp different top structure but should have same result...
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 48 KB
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  • #2,993
  • Apr 15, 2014 5:19pm Apr 15, 2014 5:19pm
Quoting KiwiOz
{quote} Bitstamp different top structure but should have same result... {image}
Interesting PA differences on Btc-e & Bitstamp.......If you take the spike out of Btc-e you end up with the same top structure as Bitstamp.??????
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  • #2,994
  • Apr 15, 2014 6:17pm Apr 15, 2014 6:17pm
strong signs that Wall Street is getting ready to move in

Extracted from http://www.coindesk.com/whither-price-bitcoin/
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  • #2,995
  • Apr 15, 2014 6:42pm Apr 15, 2014 6:42pm
Quoting KiwiOz
strong signs that Wall Street is getting ready to move in Extracted from http://www.coindesk.com/whither-price-bitcoin/
Hello Ko
Great charts, I have the same target for the next wave down. 464 or 406. But i'm still thinking up for a tiny bit more first.
Yeah I think the idea of a bottom is getting more and more convincing. I wonder what changes (besides a potential increase in value) wallstreet will bring us.

By the way, have you had difficulties to copy paste chart from tradingview here lately ? [img][/img has't been working properly for me
  • #2,996
  • Apr 15, 2014 8:31pm Apr 15, 2014 8:31pm
Quoting lady_luck
{quote} Hello Ko Great charts, I have the same target for the next wave down. 464 or 406. But i'm still thinking up for a tiny bit more first. Yeah I think the idea of a bottom is getting more and more convincing. I wonder what changes (besides a potential increase in value) wallstreet will bring us. By the way, have you had difficulties to copy paste chart from tradingview here lately ? [img][/img has't been working properly for me
Howdy L_L...Wall street may convince more players to participate & also bring more platforms into play which would be a good thing as it may reduce the commissions & spreads.
Copy paste.. I take a snap shot then save it to the desk top then upload from there.
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  • #2,997
  • Apr 15, 2014 8:37pm Apr 15, 2014 8:37pm
Quoting lady_luck
{quote} Hello Ko Great charts, I have the same target for the next wave down. 464 or 406. But i'm still thinking up for a tiny bit more first. Yeah I think the idea of a bottom is getting more and more convincing. I wonder what changes (besides a potential increase in value) wallstreet will bring us. By the way, have you had difficulties to copy paste chart from tradingview here lately ? [img][/img has't been working properly for me
464 & 406 are around 38% & 74% retraces. Love it when Fib's work in with my lines........
The move up was 50% of the move down from 700.
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  • #2,998
  • Apr 15, 2014 11:05pm Apr 15, 2014 11:05pm
Quoting KiwiOz
{quote} 464 & 406 are around 38% & 74% retraces. Love it when Fib's work in with my lines........ The move up was 50% of the move down from 700.
Bitstamp still going up. Bitstamp trend line at 570.........Btc-e revisiting yesterdays top. Will have to redraw the retrace....
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  • #2,999
  • Apr 16, 2014 3:19am Apr 16, 2014 3:19am
it looks like wave 3 is over. LL's count seems to make more sens than my old one. i added the ending diagonal idea for wave 5. it is now breaking the uptrend line so wave 4 is in progress ...should retrace 38.2 to 50% of wave 3.
it is close to the ideal wave 3 target of 558 (439.5-339.79)*1.618 + 397.16) which is 161.8% of wave 1
Attached Image (click to enlarge)
Click to Enlarge Name: up this.png Size: 20 KB
  • #3,000
  • Apr 16, 2014 5:11am Apr 16, 2014 5:11am
New thread started. It's to succour my EGO.........
http://www.forexfactory.com/showthread.php?p=7410157
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