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  • #4,041
  • Jun 3, 2014 1:40pm Jun 3, 2014 1:40pm
Quoting venzen
{quote} hmm yes... The wave action that you've put inside a cyan rectangle... this is the mystery wave for me. I agree it should be demarkated and labelled "2" like that until we (perhaps) figure it out... sometimes it seems like its part of the decline (but making a lower low) and other times it looks like its a long triangle or corrective combination (and part of wave 2) before wave 3 sprouts like a magic bean from the ground! That's also the structure I have been labelling AB ab... but i think i might have to revise that idea... for now, as you...
Yeah, kinda starts as an ending diagonal wave C, but aborted by a triangle during wave iv and then finished by a truncated fifth.

Edit : good night Venzen
  • #4,042
  • Jun 3, 2014 7:39pm Jun 3, 2014 7:39pm
Good morning, lady_luck!

Nothing much changed so no new conclusions.... let's see what Asia does with price today.

Some years ago I came up with a way of creating really long (but easily repeatable) passwords. I thought most people used the same technique, but some research into password generation methods showed that my technique is apparently underutilized. I call it "motor memory" and what it is, is that one applies a pattern to the keyboard without thinking about what characters you type - sort of like when you fill a web form with "junk" data: asdasdasd

I've written an article about it and would appreciate some feedback. Is this technique too difficult? Does the article convey it well?

Any suggestions are welcome because I'm not ego attached to my writing (as with my trades!) - it's the idea that should shine through.

http://www.cryptocoinsnews.com/news/...ase/2014/06/03
cryptocurrency everytime
  • #4,043
  • Edited 8:11pm Jun 3, 2014 8:01pm | Edited 8:11pm
Quoting venzen
Good morning, lady_luck! Nothing much changed so no new conclusions.... let's see what Asia does with price today. Some years ago I came up with a way of creating really long (but easily repeatable) passwords. I thought most people used the same technique, but some research into password generation methods showed that my technique is apparently underutilized. I call it "motor memory" and what it is, is that one applies a pattern to the keyboard without thinking about what characters you type - sort of like when you fill a web form with "junk" data:...
It's a pretty cool method. I should do so when the character limit is small. Your histogram with the blaster is pretty fun too.
Only issue would be when you re using a different keyboard or your android app, you'd have to build different muscle memory.
It could get quickly complicated if you use various password on various website.

Usually i use some sort of passphrases in relation to the website. Sometime with foreign words, symbol and number.
EX : On a cooking blog i'd do "LadyLuckLuvBag8$"

An other good trick is to configure a personalize keyboard layout file on an USB.

You also can consider tricking the hacker, by using a simple and identical password on everything that doesn't matter. So when they try the same variation it freezes your account.
Or wasting their time by having a bogus BTCe account link to your principal email.


It depends what kind of internet user are you, to what are you the most expose and what type of attack are the more likely (bruteforce, keylogger, shared files, public wifi, trojan...). There is endless possibility of countermeasure.
  • #4,044
  • Jun 3, 2014 8:22pm Jun 3, 2014 8:22pm
L_L, thanks for the feedback - i'll respond now...

Are you witnessing this drop? Well done to us for anticipating it and for correctly identifying a pattern - even if we don't understand the larger context yet...

BTCChina has dropped right out of the main channel lines I see - this might redefine them - or break the uptrend, let's see:

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cryptocurrency everytime
  • #4,045
  • Jun 3, 2014 9:03pm Jun 3, 2014 9:03pm
Quoting lady_luck
{quote} It's a pretty cool method. I should do so when the character limit is small. Your histogram with the blaster is pretty fun too. Only issue would be when you re using a different keyboard or your android app, you'd have to build different muscle memory. It could get quickly complicated if you use various password on various website. Usually i use some sort of passphrases in relation to the website. Sometime with foreign words, symbol and number. EX : On a cooking blog i'd do "LadyLuckLuvBag8$" An other good trick is to configure a personalize...
Thanks again for your detailed response!

The smartphone interface caused me some headscratching.... the technique only works with keyboard and hands!

Eventually I came up with a solution which uses an existing but little used app, namely the Password Manager. My idea is that the user creates a single massively secure password using "motomem" as part of it and this passphrase unlocks the password manager app. The password manager app can generate 64 and 128 char length random character strings which are more secure than anything the human brain can memorize. The app is on both desktop and smartphone and can be synced between the two. Still... reproducing the "motomem" passphrase on the smartphone (to unlock the password manager) presents a challenge, so I hope I can think of a smart solution before next week!

The idea that our passphrase scheme is a formula for creating a complex string from basic components will be in the next article. However, as you mention about countermeasures, once an attacker (via keylogger, SSL heartbleed, etc) can see just one of our passphrases, they (or a botnet) can deduce the formula and work on brute forcing our other passphrases. Using a password manager gets rid of our passphrase scheme generated passwords for most logins, but ultimately we are going to need at least three heavy weight passphrases: One for our desktop login, one to unlock our smartphone, and one for our password manager lock.

Crypto wallets in all their forms: brainwallets, BIP32 cold storage, regular encrypted wallet... these are best secured with a password manager generated random string, like:

?!vLs+!9G!Md`$-7bi}#W6]T4fhU4sCE

(According to "password security" research, such a passphrase should take 44,000 years to crack using current technology - much better than the most popular weak password "ninj4" - which takes a few minutes for a brute force app to find!)

I'm going to have to come up with an accompanying motomem passphrase method for smartphone - the fact that Android has Swype helps in this regard, doesn't it? iPhone must have something equivalent.
cryptocurrency everytime
  • #4,046
  • Jun 3, 2014 9:22pm Jun 3, 2014 9:22pm
Quoting KiwiOz
Well bugga me dead. For the last 3 weeks I have been drawing my lines off the wrong anchor points. Bugga bugga.The made me do it. No excuses & my apologies to all. No wonder I was calling for a retracement early. Here are the correct lines. The green ones are the wrong lines. Well not so much wrong, they do show the waves but not the ultimate target. Sorry folks. Mind you.!! A 50% retrace still comes back to 550 Now I'm off to bed in shame.. {image}
KO, well, we do our best here with no guarantees and no threat of hanging.

We're also free to make mistakes and to flip from bear to bull and back as we please.

Using Fib extensions as a matter of course, any analyst can see higher and lower targets than the ones you find with magnetic magic. And we all know to trade our own chart, so in my book you have noting to apologize for or to feel ashamed about. The fact that you do feel responsible for your analysis shows that you're a Scholar and a Gentleman

I'm sure all your fans (including yours truly) would be interested in seeing these revised targets get hit sooner rather than later so we can become crypto millionaires and meet around the globe for chats over tea
cryptocurrency everytime
  • #4,047
  • Edited Jun 4, 2014 1:48am Jun 3, 2014 10:44pm | Edited Jun 4, 2014 1:48am
BTCe 15 min

No verdict here. It could be a wave 4 consolidating into a wedge before busting north through the TL from the ATH. Or it could be the start of a larger decline - only breaking the green lower channel TL decisively will signal that.

Interesting ABCs - here's an unorthodox way of counting without breaking any rules - although other counts are possible and equally valid. The conventional count would be (from the first high): 3 then 4 then 5 at the last high and ABC down.

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cryptocurrency everytime
  • #4,048
  • Edited 3:07am Jun 4, 2014 2:36am | Edited 3:07am
Attached Image


Quoting KiwiOz
{quote} Yeah I know.. I meant wave 3 not (3) But your (3) is where I put the 5.. At 770. hope that makes sense. Cheers.
right, my wave (3) isn't drawn to scale; it's far above the ATH...
  • #4,049
  • Jun 4, 2014 9:39am Jun 4, 2014 9:39am
Hello everyone

Venzen,
I think your method is great for securing a wallet or password manager. I don't use one, so I was thinking more in general.
Do you think that bruteforce is useless with something like Btce ?
For mostkeylogger using the virtual keyboard usually do the trick.
So the real threat would be more SSL...

About the PA, assuming it's a wave ii, we could see an other blue box ? So may be 660 and back to 620 before an HH ?
Unfortunatly if this has been working so far, next wave should be a new structure.
Good job for yesterday
  • #4,050
  • Edited 1:55pm Jun 4, 2014 1:32pm | Edited 1:55pm
Quoting lady_luck
Hello everyone Venzen, I think your method is great for securing a wallet or password manager. I don't use one, so I was thinking more in general. Do you think that bruteforce is useless with something like Btce ? For mostkeylogger using the virtual keyboard usually do the trick. So the real threat would be more SSL... About the PA, assuming it's a wave ii, we could see an other blue box ? So may be 660 and back to 620 before an HH ? Unfortunatly if this has been working so far, next wave should be a new structure. Good job for yesterday
lady_luck,

Thank you very much! If you like it, then that means it's okay

Another blue box? My thoughts exactly. By the pattern sequence on your chart, I think the green circle must first complete and this is the pattern that gives us the "dragon's mouth" (alligator snout) - sideways consolidation, then a snap up to form a horn-shaped wave - and drop... The drop is usually... well, a C wave! How far will it drop? Either retrace most of the wave up or just down to the channel trendline and then it's back to the blue box and the start of the next sequence - that's what i see, and you?

The dragon may have closed its mouth already, but the current action looks indecisive - the bulls have tried a few times to reach 700 without success and it feels like the bears are planning an attack. I'm going to join them because the prospect is a stairstep decline to 500.

edit: if this is 5 waves up in one degree, then price will now leave the channel - in fact, it's already breached the lower TL on most exchanges, but that didn't stop additional attempts for 700. I'm leaving the possibility open that this is only wave 3 complete - that we're in wave 4 - and that a more intense wave 5 up follows, but it doesn't seem likely - the bullish energy is apparently depleted.
cryptocurrency everytime
  • #4,051
  • Edited 2:54pm Jun 4, 2014 2:21pm | Edited 2:54pm
Quoting lady_luck
Hello everyone Venzen, I think your method is great for securing a wallet or password manager. I don't use one, so I was thinking more in general. Do you think that bruteforce is useless with something like Btce ? For mostkeylogger using the virtual keyboard usually do the trick. So the real threat would be more SSL...
"Brute force" password discovery is aided by ever increasing computing power and networks of powerful computers owned by all kinds of people and organisations. Bitcoin mining is basically a brute force discovery of a suitable hash for a block - that's a 64 character length string and it must start with a certain amount of zeroes (something like 6 or 7). It requires a few billion tries and, even so, a block hash solution is found every 10 mins! So password cracking is trivial by comparison.

If one has 2-factor authentication, then bruteforce is impractical, because every password guess must also be accompanied by a matching authenticator guess. However, there is a false sense of security with 2-factor auth, because the additional Authenticator PIN makes it seem "safe" to have a weak password. Yet, the password should never be weak - and should be a random string of mixed characters wherever possible. Here's why:

2-factor auth means that it is too difficult for an online malignant to crack the password by bruteforce - because they must guess twice. However, the SSL you mention is a weakness (not so much since it was fixed), because if someone snoops your password, then it is easy to turn a bruteforce attack on the Authenticator part which is just a few numbers and easily cracked - although complicated by the changability built into Google Authenticator. The real threat is that, if an attacker has your password, then that's pretty bad, but if your passwords are created using a "formula" like most people use: word + number + symbol, like gmail007! then you're in trouble because they go to your Blockchain.info wallet and tell the bruteforce app to try blockchain007! and bcwallet007! and so on... So it's about finding your formula. 2 Factor auth just makes individual break-ins impractical. However, they will go where you don't have 2-Factor...

Nevermind SSL, think about the guys who work in the IT department of the exchange... they can promise the world but simply store your password in plaintext in their database and 1) use or sell customer login details when they're ready to relocate to the Caribbean, and 2) through no fault of their own have their database compromised and then the attacker has all customer login details or wallet private keys.

2 factor authentication is desireable, but ultimately, don't keep much money in online wallets. No one knows who BTCe is, but even if we did - like everyone knew Karpeles and Gox - they can act unethically regardless. The average crypto startup is run by amateurs and generally the type of people who are attracted to cryptocurrency are, well, you know what i mean: Bitcoin has no legal representative body, no specific laws and no punitive action. Open a field like this to all comers - and what would one expect?
cryptocurrency everytime
  • #4,052
  • Jun 4, 2014 3:05pm Jun 4, 2014 3:05pm
I don't really trust exchanges, but I've figured, I could be more safe by not moving coins. And spreading them around.
My email are also pretty safe, with specific ip, 2fa and sms verification and I use a different one everywhere.
On exchanges password + 2fa + email confirmation + withdrawing password, and I'm not too worried.
Even if my computer were to be compromised I would be ok. Same if one of my exchanges were to get in trouble, it would be just a small loss.
Security is good, but I also figure it need to be balanced with real life issue. Such as the coffee on the laptop, or the android in the toilet.
Because I do download a lot of file, my biggest worry is always remote access to my computer, so when last month my laptop broke, even for myself it was very hard to login on my account from a different computer and get the cash to buy a new one
I can't even imagine the nightmare if I couldn't retrieve the HDD...

EDIT : with only 3 attempt for the password before freezing the account, I assume even trying variation of let's say a Facebook password found by bruteforce, It wouldn't work ?



Regarding PA, I'm with you. I'm thinking, may be the lowest point has already been reach ?
What would go against this idea is how shallow those ccorrecion are for wave 1/2 and i/ii. The counterargument i'd have is the 2010 to 2011 chart, were wave 1/2 never corrected below .5

http://i.imgur.com/ZDmEfqn.png
  • #4,053
  • Jun 4, 2014 3:39pm Jun 4, 2014 3:39pm
Quoting lady_luck
I can't even imagine the nightmare if I couldn't retrieve the HDD... EDIT : with only 3 attempt for the password before freezing the account, I assume even trying variation of let's say a Facebook password found by bruteforce, It wouldn't work ? Regarding PA, I'm with you. I'm thinking, may be the lowest point has already been reach ? What would go against this idea is how shallow those ccorrecion are for wave 1/2 and i/ii. The counterargument i'd have is the 2010 to 2011 chart, were wave 1/2 never corrected below .5 {image}
Your security is very good. Regarding HDD fears, you just need a backup scheme i'd say.

The lowest point could have been reached already, but to get confirmation I'm going to give it another day to see if that lower TL gets challenged again. For now it seems PA is moving higher, either in the cyan rectangle consolidation or in subwave d of A down.

Speak again in the morning... Good Luck today!

edit: yes, 3 tries and it's frozen! so snooping (via SSL, trojan, etc) must be the preferred way.
cryptocurrency everytime
  • #4,054
  • Jun 4, 2014 11:14pm Jun 4, 2014 11:14pm
Is that an alligator in the water?
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cryptocurrency everytime
  • #4,055
  • Edited 3:26am Jun 5, 2014 3:10am | Edited 3:26am
Attached Image

wave 0 = 420.27
wave 3 = 683.53
wave 4 = 621.86

if wave 5 is 100% of waves 1 to 3 we get a target of (ln(683.53)-ln(420.27))+ln(621.86)=1,011.39
if wave 5 is 161.8% of waves 1-3 we get a target of (ln(683.53)-ln(420.27))*1.618+ln(621.86)=1,366.03 (i like this for wave (3)......then sideways for wave (4) and then a violent move to cycle degree wave III... minimum 5256 because cycle degree wave III must be larger than cycle degree wave I
  • #4,056
  • Edited 9:44am Jun 5, 2014 9:11am | Edited 9:44am
Quoting venzen
Is that an alligator in the water? {image}
Morning
Yep, and I think we are now doing the tiny vertical part of the purple circle that follow the blue box.
Looking at LTC, it peaks and bottom in sync with BTC, so the wave involve are the same. LTC has reach the maximum fib retracement for this structure. And didn't do an HH before. So I'm eliminating every count with a wave 3/4 or iii/iv.
The wave 1/2, i/ii scenario is still the best so far.
When I gave a bunch of targets for this retracement a few days ago, 630 was my favorite target for this count. And the alligator snout C ended exactly there.
So now, if LTC move from 11 with the next wave up, it would definitely confirm my hypothesis.


edit : and meanwhile in the magic land of NXT, 0.00016 last night, 1million usd of volume, and their is still a wave five to come From EW perspective it reminds me a lot of LTC "birth chart" from march 13'.
  • #4,057
  • Jun 5, 2014 1:27pm Jun 5, 2014 1:27pm
Quoting lady_luck
{quote} Morning Yep, and I think we are now doing the tiny vertical part of the purple circle that follow the blue box. Looking at LTC, it peaks and bottom in sync with BTC, so the wave involve are the same. LTC has reach the maximum fib retracement for this structure. And didn't do an HH before. So I'm eliminating every count with a wave 3/4 or iii/iv. The wave 1/2, i/ii scenario is still the best so far. When I gave a bunch of targets for this retracement a few days ago, 630 was my favorite target for this count. And the alligator snout C ended...
Yes, to go vertical now would be about right, but it looks like a large triangle is playing out. I keep expecting the launch, but PA is taking it's time! I can't keep my eyes open for this anymore, so see you tomorrow

Great news about NXT and well done for spotting the opportunity!
cryptocurrency everytime
  • #4,058
  • Jun 5, 2014 1:50pm Jun 5, 2014 1:50pm
Quoting venzen
{quote} Yes, to go vertical now would be about right, but it looks like a large triangle is playing out. I keep expecting the launch, but PA is taking it's time! I can't keep my eyes open for this anymore, so see you tomorrow Great news about NXT and well done for spotting the opportunity!
Thanks, it became a sold for me when understanding the concept took me a good month, and it seemed as complicated, unappreciated and marginal as BTC was back in the days. Now gotta try not to do the mistake I made with either BTC or LTC, and instead try to hold.

On BTC, I'm waiting for a flat line around 660, something visible on H4/H6. If we are right it could "launch" toward 770-850 after that ?
  • #4,059
  • Jun 5, 2014 7:39pm Jun 5, 2014 7:39pm
Quoting lady_luck
{quote} Thanks, it became a sold for me when understanding the concept took me a good month, and it seemed as complicated, unappreciated and marginal as BTC was back in the days. Now gotta try not to do the mistake I made with either BTC or LTC, and instead try to hold. On BTC, I'm waiting for a flat line around 660, something visible on H4/H6. If we are right it could "launch" toward 770-850 after that ?
Hi lady_luck,

Everything is in place for the launch. If price breaks below the uptrendline we might see a prolonged sideways or even change of trend - small possibility - but mustn't be ignored, altho going by the pattern until now, prolonged consolidation is more likely imo.
cryptocurrency everytime
  • #4,060
  • Jun 6, 2014 3:27am Jun 6, 2014 3:27am
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