Inserted Video
Next target maybe ...
Bitcoin Analysis 22 replies
Bitcoin-Family math and technical analysis 20 replies
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
Disliked{quote} i think the blue count "looks" right... the idea that there was a weakening of downtrend and then a gradual rise and the waves are building bigger and bigger - it seems like the amplitude (or degree?) of each wave is increasing. It'll be interesting to see what the correction from around 620 does - whether it retraces deeply or just bounces off the ascending channel and continues...Ignored
Disliked{quote} Thanks, I also prefer the blue count, and the reason you are giving are exactly why Although, I've notice two interesting things (surprisingly adding up to 1 by fib) First is about wave 1, it's more clear on altcoins and LTC(even on the daily) or wave i of BTC, the corrective wave 2 tend to end at fib .764 .With that logic we could may be make sens of april move to 540 on BTC ? The second thing is about the BTC structure, we are waiting for an overlap to help situate ourselves. But the structure remind me a lot of 2011, a succession of...Ignored
Dislikedim no a fan of indicators but the weekly macd is setting up for the mother of all rallys. {image} LL, venzen and others... are you going to fight the trend all the way to 8K+? and also fight the market cycles too? impressively stubborn you both are!Ignored
Disliked{quote} hi emptymind, I'm not fighting - it might seem like i'm doing that - but I'm hedged both ways in this market, because there are many ambigious signals. I'd believe the rally has legs if we can clear the ATH. Seems stubborn, I know, but the the chart and cold logic forces me to play BTC this way this time. There will be other rallies and other corrections. But I have to believe my analysis - and respect this market and my trading funds. Cycle theory and past behaviour is not the core of my method. Catching a contra-indicated rally on a "maybe"...Ignored
Dislikedi understand many of you want the market to prove itself and take out the ATH at 1163. but that actually already happened at the cycle degree level at 259.34. the market already took out that high which proves we are in an extended wave (III) trend / channel... if you look at my cycle degree labels. we can already show the minimum target for wave III (cycle degree) is 5256. that is where wave I equal wave III in size according to ewp that is the minimum. this is a conservative target because wave three in general are atleast 161.8% of wave one in...Ignored
Disliked{quote} Good morning from Thailand, lady_luck, 30 degrees at 8am and the cicadas are announcing a cooker of a day! No-doubt the sky will be filled with popcorn clouds by 3pm and thunder showers all night tonight. The 2011 chart gives a lot of insight. As well as what LTCUSD is doing the past few weeks. The bearish scenario is very much alive - maybe not for a lower low but for a protracted consolidation around 440. This wave up is impressive but it does not have the shape or accompanying indicators of a BTC advance.Ignored
Dislikedi understand many of you want the market to prove itself and take out the ATH at 1163. but that actually already happened at the cycle degree level at 259.34. the market already took out that high which proves we are in an extended wave (III) trend / channel... if you look at my cycle degree labels. we can already show the minimum target for wave III (cycle degree) is 5256. that is where wave I equal wave III in size according to ewp that is the minimum. this is a conservative target because wave three in general are atleast 161.8% of wave one in...Ignored
Disliked{quote} If I may emptymind, based on your chart, a correction is still possible to the magnitude of what the others were saying, I believe (I crudely adjusted your chart below to illustrate what I mean - assuming the support line is as reliable at holding the previous 'breeches' as it is now - I copy pasted an old breach from Nov'13 in blue). A spike out of the support line you drew, if similar to previous ones, would hit around 350/400 (?). Im not used to looking at log charts Just to note Im not taking sides and see potential for both scenarios,...Ignored
Disliked{quote} Hello, Yes I remember those days, it must be even worst in the islands. I hope your electricity survived. About a coming consolidation at 440, I'm afraid it already happened with the sideway. And I believe it's now a very significant support level. As of resetting the indicators, it sometime happen in stranger ways, an other sideway with daily candle closing constantly below the previous O/C would do the same, isn't it ? Either way finally got my 660 on bitfinex, so I should be short, or sitting it out, but i can't see that a wave v is thru......Ignored
Disliked{quote} L_L, hot and then rain all afternoon - cooling everything down - and my electricity held. I think we have the ending of this amazing wave putting in at smaller and smaller degrees. The last 4-5 days' action from 550 (on Bitfinex because thats the chart I have handy) looks like a fractal of the entire wave from near 410. This last segment should be wave 5 and then a correction is due, but i agree with you: it could go well into the 700s still. How it corrects will be very interesting and I hope we can stock up on some cheap longs down...Ignored
Disliked{quote} I was looking at KO chart, if this is a C, then it's already more than equal to A (A=C=630), so next and ultimate target is 1.6 or 740 If this is wave v of 3, then yes, 680 to 730. About the coming correction, if it's a wave 4 I won't expect it lower than .764 or .618 at best. If this is the top of wave I of the advance, then 540 would be my target for wave II We'll know the top of v or whatever is there when LTC spikes edit : I know i'm bashing it with NXT, but It's been really good to me since last time i mentioned, now third market cap,...Ignored