Attachments: Bitcoin technical analysis

Bitcoin technical analysis

#3,721
May 13, 2014 2:14pm May 13, 2014 2:14pm

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

Thank you venzen and lady-luck.......

anybody heard anything about this mysterious company stock?

is anybody a member of this Motley Fool company?

should I buy a membership? 14 cents a day.......

http://www.fool.com/video-alert/stoc...9&u=1310247718

The Chonchy

#3,722
May 13, 2014 2:19pm May 13, 2014 2:19pm

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

Quoting lady_luck

Disliked

{quote} Yes, happy mother day to everyone and their family

Ignored

Hope you had a wonderful day Lady-luck with your family also......

The Chonchy

#3,723
May 13, 2014 2:21pm May 13, 2014 2:21pm

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

Quoting venzen

Disliked

{quote} hey, chonchy! mi amigo! donde has estado todo este tiempo mal hombre! hope you're well and come join us again soon. we kept your place - it is still here just where you left it.

Ignored

being busy venzen with work, baseboards, crown moldings, painting, doing all faces of construction almost, no time to sleep almost, lol, but I come around and say hello once in a while........good luck to all of you here, love you all......

The Chonchy

#3,724
May 13, 2014 2:22pm May 13, 2014 2:22pm

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

Quoting dswk

Disliked

{quote} Still the same view : {image}

Ignored

Hey dswk, how are you, long time no see you, throw me a line on Skype when you have a chance or an e-mail, I need to talk to you and do some......good luck trading BTC....

The Chonchy

#3,725
May 13, 2014 10:35pm May 13, 2014 10:35pm

emptymind
| Joined Dec 2013 | Status: Trader | 457 Posts

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#3,726
May 14, 2014 12:03am May 14, 2014 12:03am

venzen
Joined Jul 2011 | Status: good | 4,295 Posts

Quoting emptymind

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{image}

Ignored

Wow! Great chart, emptymind! Please elaborate!

cryptocurrency everytime

#3,727
May 14, 2014 12:08am May 14, 2014 12:08am

venzen
Joined Jul 2011 | Status: good | 4,295 Posts

Quoting chonchy

Disliked

Thank you venzen and lady-luck....... anybody heard anything about this mysterious company stock? is anybody a member of this Motley Fool company? should I buy a membership? 14 cents a day....... http://www.fool.com/video-alert/stoc...9&u=1310247718

Ignored

chonchy, i had a look at this and autonomous cars are clearly the future. I'm already all-in with Bitcoin, so won't invest. Seems like a good opportunity but i just don't know enough about cars and the regulation that surrounds them in the US. You mentioned this idea last year, so you clearly got your finger on the pulse. Good Luck!

cryptocurrency everytime

#3,728
Edited 12:30am May 14, 2014 12:16am | Edited 12:30am

venzen
Joined Jul 2011 | Status: good | 4,295 Posts

I mentioned EurJpy yesterday and here are the charts I was referring to. They were both created last year, so out of date and a bit messy and the counts would be different if I could relabel, but they're embedded in the images already.

What I think is interesting is the way EJ approaches it's lows - obviously different from BTC - but another perspective.

Longterm (at Aug 2013):

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Approaching the 4 April 2013 stimulus announcement... I thought it would initially drop to 117 (at the time i somehow believed C had to be equal or longer than A!

) but it only spiked down to the low 119s before spending about 15 hours in non-stop advance.

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cryptocurrency everytime

#3,729
May 14, 2014 12:23am May 14, 2014 12:23am

venzen
Joined Jul 2011 | Status: good | 4,295 Posts

And Gold, which I think shares the most similarities with the BTC chart. The first chart has a longer term inset to show the corrective action that doesn't show on the TradingView chart.

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This is just slice from the daily chart above... it could just as easily have been the 2012 - June 2014 BTC chart!

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$Click to Enlarge Name: XAU_w_log_BTCfractal_14May2014.png Size: 12 KB$

cryptocurrency everytime

#3,730
May 14, 2014 12:54am May 14, 2014 12:54am

venzen
Joined Jul 2011 | Status: good | 4,295 Posts

Quoting lady_luck

Disliked

{quote} Haha, for me, it's the fear of btc being stuck in one of the circle of hell, and the punishment of watching PA ever moving between 410 and 440 for the rest of eternity... EDIT: I sometime see BTCe, stamp and previously gox moving in divergent direction, but it was after a sharp move when PA was about to meet a LL (lower low, not me ). Now that I think of it, we did just move from 446 to 438, and lately that's sharp !

Ignored

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cryptocurrency everytime

#3,731
May 14, 2014 4:48am May 14, 2014 4:48am

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Gold is showing signs of heading North.........Wonder if Bitcoin will follow..??

Money Makes Money

#3,732
May 14, 2014 7:53am May 14, 2014 7:53am

venzen
Joined Jul 2011 | Status: good | 4,295 Posts

Quoting KiwiOz

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Gold is showing signs of heading North.........Wonder if Bitcoin will follow..??

Ignored

KO, I had a look and notice Gold has some headroom in the longer term TF indicators (H4 and up), but short-term its overbought. I have no reliable analysis for Gold but based on Bitcoin's painfully slow advance I think it might be a fakeout to the upside and then a drop.

However, advice heeded and I have BTCe stops in place just above $450

cryptocurrency everytime

#3,733
Edited 8:38am May 14, 2014 8:12am | Edited 8:38am

venzen
Joined Jul 2011 | Status: good | 4,295 Posts

BTC is really pushing it to the last millimeter with this advance. If it crawls through the descending TL it may have the clear air to start advancing...

However, I'm going to stand like a soldier... it appears this is the last extended leg of a C wave before price drops away from this area. If by some miracle it defies the overbought indicator signals and divergence, well then that'll be a lesson worth studying. Pice has made no advance since the 1st of the month (2 weeks ago) and its approaching the resistance that has smacked it down everytime for 5 months in an exhausted and overbought wave that has managed to eek out $12 since it started 3 days ago.

To me this whole setup looks like an ending and not a beginning in progress. Price is back to fighting with the 200 MA after being decisively rejected by the 1000 MA a few days ago.

Bitstamp Hourly (with BTC-e superimposed in cyan)

edit: btw, the green MA is 1000 period, red = 200 MA

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cryptocurrency everytime

#3,734
May 14, 2014 9:07am May 14, 2014 9:07am

emptymind
| Joined Dec 2013 | Status: Trader | 457 Posts

Quoting venzen

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{quote} Wow! Great chart, emptymind! Please elaborate!

Ignored

hello venzen, thanks! you've got some great charts too. i need to catchup with your way of thinking

we are all familiar with the peak to peak cycle. the charts are based on hurst cycle and show more cycles of smaller and larger duration. we found the light green cycle which is the 32.8week cycle (see upper right key). notice how the smaller cycles form the larger ones and larger ones form even bigger cycle...... please take a look at the yellow cycle of 15.1 month. the move in progress is going to be same magnitude as the april peak. two major cycles (yellow and light green) targeting july

please note the usual way is to do trough to trough cycle analysis and not peak to peak. but peaks seems to be syncronised so i thought it was a good idea

i post below charts to give a full picture and logscaled it to make it easier to see... i don't know how to join them

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#3,735
May 14, 2014 9:57am May 14, 2014 9:57am

venzen
Joined Jul 2011 | Status: good | 4,295 Posts

Quoting emptymind

Disliked

{quote} hello venzen, thanks! you've got some great charts too. i need to catchup with your way of thinking we are all familiar with the peak to peak cycle. the charts are based on hurst cycle and show more cycles of smaller and larger duration. we found the light green cycle which is the 32.8week cycle (see upper right key). notice how the smaller cycles form the larger ones and larger ones form even bigger cycle...... please take a look at the yellow cycle of 15.1 month. the move in progress is going to be same magnitude as the april peak. two...

Ignored

emptymind, this is great! I need some time to study your charts carefully and will feedback. It'll also be interesting to see if there is a through-to-trough cycle at work, and maybe it gives clues for the bottom of this decline?

cryptocurrency everytime

#3,736
May 14, 2014 10:19am May 14, 2014 10:19am

lady_luck
| Joined Dec 2013 | Status: Trader | 498 Posts

Quoting venzen

Disliked

{quote} {image}

Ignored

Nice drawing

I think we will have to see 448 <stamp>, 440<btce> or 10.6 <ltc>, before we move any further... Would that still fit within your TL ?
This is so slow, poor Smeagol cooking in the meantime

#3,737
May 14, 2014 10:43am May 14, 2014 10:43am

emptymind
| Joined Dec 2013 | Status: Trader | 457 Posts

this is a trough to trough hurst cycle analysis as requested. 43 week cycle and other smaller cycles show the bottom is already "in". pls take a look at the wave II (april 12?). the cycles show exactly where and why it crashed. there were 5 cycles all ending at that exact time.

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#3,738
May 14, 2014 2:06pm May 14, 2014 2:06pm

lady_luck
| Joined Dec 2013 | Status: Trader | 498 Posts

Quoting emptymind

Disliked

this is a trough to trough hurst cycle analysis as requested. 43 week cycle and other smaller cycles show the bottom is already "in". pls take a look at the wave II (april 12?). the cycles show exactly where and why it crashed. there were 5 cycles all ending at that exact time. {image} {image} {image}

Ignored

Cool

I'm interested in the two greens and the cyan on your thru to thru.
What kind of choices do you have for the anchors of each cycle ?

Only the first two points ?
If so, can you put them on the 20thaugust 2012 and see what happen ?

Or do you choose the orange one first and then it automatically subdivide ?
If so, could you move it to 26th of september 2013 and see what happen ?

Sorry for asking, I just can't find this indicator on tview.

#3,739
May 14, 2014 6:56pm May 14, 2014 6:56pm

chonchy
Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts

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Quoting venzen

Disliked

{quote} chonchy, i had a look at this and autonomous cars are clearly the future. I'm already all-in with bitcoin, so won't invest. Seems like a good opportunity but i just don't know enough about cars and the regulation that surrounds them in the us. You mentioned this idea last year, so you clearly got your finger on the pulse. Good luck!

Ignored

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