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  • #3,121
  • Apr 19, 2014 1:41pm Apr 19, 2014 1:41pm
I'm glad your are saying that, me neither I have no idea of what that means and so many line for nothing. I thought I was just the uneducated one for not getting it. But it's suppose to somehow justify how there is a larger ABC in progress.

I don't believe so. I'm with you with both of your previous chart, according to my previous mistake,I'd have the exact same count and chart.
  • #3,122
  • Apr 19, 2014 1:48pm Apr 19, 2014 1:48pm
Quoting lady_luck
{quote} Good morning everyone Nice charts and chats Venzen, may be just tell her something like : "Tee rak, gu ruk BTC... tum arai.. kitoun, kitoun" Back to the charts,
I recognize some of the words and will try them out and see how she responds


BTC, BTC... wish we could get a handle on the overall count, but it's difficult since we don't have much to work with. I'm glad to see you're wondering about the same questions as me. Just today i recounted from scratch (but now without full history in the absence of "the exchange that shall remain nameless").

Just based on the TLs, I've come up with this for the BTC-e chart. Nevermind the details of the count, what interests me is the upside and downside targets. $2,400 is straight up and look at the way those tops are exactly 234 days (7 months) apart. If the next top prints on 24 July - emptymind mentioned this too - then we're looking at $4,200 - a 2.9mil percent price value increase from when Bitcoin's exchange rate was $0.08 in June 2010. Expressed as an annual percent growth rate it equates to 750,000 % per annum.

Truly amazing and, according to the simple technical analysis done in the chart, it is both plausible and likely I think - not sure the exact date and price will print but it'll change lives.

Why I think this count is close to being correct (Nov 2013 as "I") is because now the degree count for the decline to date makes sense - both in the size and duration of the waves. It's basically a larger version of what happened in April 2013.

BTC-e Daily (logarithmic)

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cryptocurrency everytime
  • #3,123
  • Apr 19, 2014 1:56pm Apr 19, 2014 1:56pm
Quoting emptymind
{quote} good morning LL, i see it... fractal copy! i visited the tradingview link. i couldn't understand it. seems gibberish with wxyies thrown everywhere and hoping for something to stick! i dont know, mumblings of mother, infant... i did not understand
Yeah, that very much resembles the "diary of a madman"

joking, I sometimes chat with DanV and he's good people - i just don't get down with all that wxyxz stuff...

lady_luck, for a moment there I actually thought you saw the meaning in the DanV's TView idea and i got worried -didn't know what to say, because i couldn't make head or tail of it... I guess the part that stood out was that we're going up in a wave B and then coming down in C again... which is kind of what I expect to happen but not in that ABC way he projected it - I haven't seen BTC unfold two consecutive waves to the same height at the largest degree.
cryptocurrency everytime
  • #3,124
  • Edited 2:25pm Apr 19, 2014 2:03pm | Edited 2:25pm
Quoting venzen
{quote} I recognize some of the words and will try them out and see how she responds BTC, BTC... wish we could get a handle on the overall count, but it's difficult since we don't have much to work with. I'm glad to see you're wondering about the same questions as me. Just today i recounted from scratch (but now without full history in the absence of "the exchange that shall remain nameless"). Just based on the TLs, I've come up with this for the BTC-e chart. Nevermind the details of the count, what interests me is the upside and downside targets....

Well, to be honest about July 24, i remember mentioned a few time before (arround january) three scenario, either a bulish spike in february as a "v" to 1500. Or a new "bubble" starting in may" Or last a two year bear market. Look like scenario number 2 is now the only likely one.

So your chart fit the general moves I am now expecting. So is the TF. Great count.

The ABC has already been discussed before, you made a pretty good point earlier today, but my question is about the "II", I understand it suggest a 3-3-5 structure but, here are my remarks :
-wave B seem a bit weak in time proportion with A and C. I've notice countertrend moves are usually at least 2x the length of the trendwise motion ?
-using the same notation system could the "i,ii,iii" before the red dot "C" be also an "abc" structure, now complete ?

edit : Danv can be a good chartist (compare to 99% of the other people on TView) and an honest guy, but he does have labeling issue, i remember a few week back he had an other count were all the (1), 1, i and (i) were flipped,making it really impossible to understand. Second critic, he makes charts to prove his target and doesn't let the drawing give him a target.

EDIT 2 : Also,may be my interpretation is wrong, but if november was "I" and april 3 of I, then if wave III reaches 4000 by july, and wave IV back down to 300, then V and wave I would both be longer than wave III.

PS: when it comes to larger cycle, i think i might begin to get mad too, soon i'll start posting much, much more crazy charts lol
-
  • #3,125
  • Edited 2:16pm Apr 19, 2014 2:06pm | Edited 2:16pm
amazing venzen! im speechless

please paste a parabolic curve under. i will like it more
  • #3,126
  • Apr 19, 2014 2:24pm Apr 19, 2014 2:24pm
Quoting lady_luck
{quote} Well, to be honest about July 24, i remember mentioned a few time before (arround january) three scenario, either a bulish spike in february as a "v" to 1500. Or a new "bubble" starting in may" Or last a two year bear market. Look like scenario number 2 is now the only likely one. The ABC has already been discussed before, you made a pretty good point earlier today, but my question is about the "II", I understand it suggest a 3-3-5 structure but, here are my remarks : -wave B seem a bit weak in time proportion with A and C. I've notice countertrend...
Yes, that wave B is going to cost me some peaceful sleep. Especially since it doesn't show on the other exchanges' charts. I just figured that ignoring it doesn't solve the problem so I came up with the only fitting label i can place there and then that kind of forced the rest of wave C down to the end of II. There are some definite issues with that spike down and labeling it "B".

I tried making it the end of the decline as "II" but then the subsequent action is what? I dunno... I'm going to give it some time.

Could the final C wave down be a 3-wave structure and complete? Yes, that very same structure exists at the end of the April decline - that long curving C wave down with subwaves 5-3-5. Much as I try to avoid it - that looks like a W-X-Y - how else to label it? And BTC often ends a correction with a 3-wave C - which freaks me out a little bit - but it's there and I'd like to understand it because it's unorthodox. I've shown it to another wave counter and he obviously got freaked out too because he just dismissed it as an ill-formed triangle and mumbled something about tulips!

I'm all for this decline being over, but I'm getting serious deja vu all over again with these upward fakeouts that then meander sideways for a few days before dropping to a new low. The main signal I'm waiting for is for price to break above the upper resistance TL that has capped this decline. When it does that I'll cut my hedge and add it to my long position to $680. However, there is no convincing evidence that the decline is over and that lower bright blue TL attracts price everytime, so i'm anticipating another visit.

Remember, remember the 5th of November... I mean, remember the BTC "double-tap"?
cryptocurrency everytime
  • #3,127
  • Apr 19, 2014 2:28pm Apr 19, 2014 2:28pm
Quoting emptymind
amazing venzen! im speechless please paste a parabolic curve under. i will like it more
you mean under that price projection? How about an "Elliptical Curve" as in ECDSA

Well, I'm being as conservative as possible, $2400 and $4200 as upside targets are very likely but it will likely break above the TL and print a large number with lots of zeroes
cryptocurrency everytime
  • #3,128
  • Apr 19, 2014 2:39pm Apr 19, 2014 2:39pm
You guys are not going to believe this - it is so gross - but i have to share it with someone... Saturday night, alone at home:

I went away to the country side for Thai New Year this past weekend and I developed this pain in my right ear.

Got back home and went to the pharmacy and they gave me some "Yaa" (medicine) - twice a day after meals.

Well, 3 days later and the pain became like a knife in my head... today my ear started oozing blood and I made a saline solution and flushed my ear with a syringe... and what comes out?

a MAGGOT!



That is possibly worse than when I had a jigga worm in my foot in Mozambique... God Dammit! Euuwgh!!!
cryptocurrency everytime
  • #3,129
  • Apr 19, 2014 2:46pm Apr 19, 2014 2:46pm
I found this chart earlier when i was searching googl images for "EW strange patterns"

nice

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cryptocurrency everytime
  • #3,130
  • Apr 19, 2014 2:55pm Apr 19, 2014 2:55pm
Quoting venzen
You guys are not going to believe this - it is so gross - but i have to share it with someone... Saturday night, alone at home: I went away to the country side for Thai New Year this past weekend and I developed this pain in my right ear. Got back home and went to the pharmacy and they gave me some "Yaa" (medicine) - twice a day after meals. Well, 3 days later and the pain became like a knife in my head... today my ear started oozing blood and I made a saline solution and flushed my ear with a syringe... and what comes out? a MAGGOT! ...
Did you go scuba diving or swim in river water lately ? Could be as well from songkran if you got water and babypowder thrown at you, with as bonus a fruit fly larva...
What color was it ?

Just made a chart were pretty much every different colored count are interchangeable, and can switch from one to an other.
Hope it make sens
http://i.imgur.com/eEPcZDU.png
  • #3,131
  • Apr 19, 2014 3:08pm Apr 19, 2014 3:08pm
Quoting venzen
I found this chart earlier when i was searching googl images for "EW strange patterns" nice {image}
i like it..... i call it the rocket to the moon and achieve stable orbit pattern
(future of bitcoin?)
  • #3,132
  • Apr 19, 2014 3:29pm Apr 19, 2014 3:29pm
Quoting lady_luck
{quote}...Just made a chart were pretty much every different colored count are interchangeable, and can switch from one to an other. Hope it make sens {image}
makes sens.......... so we are either 4 or 2.......... in both cases market go up? is that what you're saying
  • #3,133
  • Apr 19, 2014 3:31pm Apr 19, 2014 3:31pm
get well soon venzen!
  • #3,134
  • Apr 19, 2014 3:34pm Apr 19, 2014 3:34pm
Quoting lady_luck
{quote} Did you go scuba diving or swim in river water lately ? Could be as well from songkran if you got water and babypowder thrown at you, with as bonus a fruit fly larva... What color was it ? Just made a chart were pretty much every different colored count are interchangeable, and can switch from one to an other. Hope it make sens {image}
About the maggot, I'm trying to recall... i was swimming in a pool with lots of creepy crawlies... kids were throwing water at me wherever i went for 2 days... not sure... but hope that's how i got it - the alternative scenario of it crawling into my ear while i was sleeping is horrible. I'd rather not sleep then. It's white and smaller than a normal fly larva... but why would it eat my flesh? uuhhhh...

Anyhow, with the chart - nice labelling - that should cover about every possible outcome and give us different angles of degree and label as price unfolds!

You're familiar with Thai culture... how so?

This temple song is called "Magical protection from 10 directions" - i need it - but it's for everybody else too.

Inserted Video
cryptocurrency everytime
  • #3,135
  • Edited 4:05pm Apr 19, 2014 3:40pm | Edited 4:05pm
Quoting emptymind
{quote} makes sens.......... so we are either 4 or 2.......... in both cases market go up? is that what you're saying
Yes, but my real point was, unless we can limit the option for what I label IV, (2), 2, we can't say for sure what was April, and by extension november.
That low is the key.
Not enough data before 2012 to work our way until april's top.
And not enough data in the april and november corrective wave to work a count backward.
If we could decipher the low I mentioned, may be we can get a key.
I noticed, this key point is also very similar to the point i mentioned early on the current chart, for that I would tend toward the blue count.

Quoting venzen
{quote} About the maggot, I'm trying to recall... i was swimming in a pool with lots of creepy crawlies... kids were throwing water at me wherever i went for 2 days... not sure... but hope that's how i got it - the alternative scenario of it crawling into my ear while i was sleeping is horrible. I'd rather not sleep then. It's white and smaller than a normal fly larva... but why would it eat my flesh? uuhhhh... Anyhow, with the chart - nice labelling - that should cover about every possible outcome and give us different angles of degree and label as price unfolds! You're familiar with Thai culture... how so? This temple song is called "Magical protection from 10 directions" - i need it - but it's for everybody else too. http://www.youtube.com/watch?v=70vYRv597-0
As long as you were around dirty water it's good news Maggots enjoy dead tissue (from an ear canal infection for example) very much, then stagnating water and the country side hygiene would do the rest in catching a parasite.
I also had a partner from SE asia, I've been spending about two years there, mostly in Isaan and surrounding countries.
  • #3,136
  • Apr 19, 2014 4:01pm Apr 19, 2014 4:01pm
i was LOL at that C wave. it was comical
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  • #3,137
  • Apr 19, 2014 4:43pm Apr 19, 2014 4:43pm
im expecting a powerful wave 5 spike to 680. commodities style! we shall see!
  • #3,138
  • Apr 19, 2014 6:55pm Apr 19, 2014 6:55pm
Quoting lady_luck
{quote} KO, i have a question, it's a bit of translation thing, you say "speed bump" quiet often and I'm never sure what you mean exactly by that. Is it the target where you expect the price a bounce before resuming a move in the same direction ? Or is it where the point of confirmation of an accelerate move in that direction ?
Hi L_L......yes that is what I mean. The same thing applies where you see me draw A line seemingly in thin air. These "targets" appear on smaller time frames to the ones I have posted. Usually on a 5 to 30 min chart.
Money Makes Money
  • #3,139
  • Apr 19, 2014 7:05pm Apr 19, 2014 7:05pm
Quoting venzen
{quote} I recognize some of the words and will try them out and see how she responds BTC, BTC... wish we could get a handle on the overall count, but it's difficult since we don't have much to work with. I'm glad to see you're wondering about the same questions as me. Just today i recounted from scratch (but now without full history in the absence of "the exchange that shall remain nameless"). Just based on the TLs, I've come up with this for the BTC-e chart. Nevermind the details of the count, what interests me is the upside and downside targets....
Hi venzen......Where did you get this chart.?/ It shows details no other chart I can find has...
Money Makes Money
  • #3,140
  • Apr 19, 2014 8:05pm Apr 19, 2014 8:05pm
Quoting lady_luck
{quote} Did you go scuba diving or swim in river water lately ? Could be as well from songkran if you got water and babypowder thrown at you, with as bonus a fruit fly larva... What color was it ? Just made a chart were pretty much every different colored count are interchangeable, and can switch from one to an other. Hope it make sens {image}
Yours too L_L.. My daily chart 1st half is nothing like yours & venzen's..
Attached Image (click to enlarge)
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