- #4,123
- Edited 2:05pm Jun 15, 2014 1:38pm | Edited 2:05pm
- Joined Jul 2011 | Status: good | 4,295 Posts
price finds a path among repellants and magnetic perimeters of circlar shapes that bubble around the cyan attractor.
edit: if i wasn't so tired, i'd draw that attractor higher so the advance top hits it's magnetic core dead-center.
edit2: oh, and 5 at yesterday's low could also be labeled 3 with 4 now in progress
edit: if i wasn't so tired, i'd draw that attractor higher so the advance top hits it's magnetic core dead-center.
edit2: oh, and 5 at yesterday's low could also be labeled 3 with 4 now in progress
Inserted Video
cryptocurrency everytime
- #4,127
- Jun 15, 2014 6:54pm Jun 15, 2014 6:54pm
- | Commercial User | Joined Sep 2013 | 2,501 Posts
{quote} As I see it...{image} {image} {image}
Sometimes the truth hurts..
Never mind. Totally bias views are never receptive to alternate views.
Money Makes Money
- #4,128
- Edited 9:54pm Jun 15, 2014 9:34pm | Edited 9:54pm
- Joined Jul 2011 | Status: good | 4,295 Posts
{quote} Oohhhh dear !!!!!! Emptymind has started ignoring me......He does not want to see alternative views to his own. tsk tsk.
emptymind explain yourself at once. Ignoring someone in the Forex Factory forums is a drastic last resort generally reserved for trolls. Ignoring someone in this small thread where we've shared views, analysis and humour for months is way out of order. Ignoring KiwiOz is a strange thing to do. KO has an excellent track record of analysis and of being a good humored person and positive force in the group.
emptymind, surely your hand slipped and you would like to clarify? (Jeesh, if it was intentional.. makes me wonder who else you would like to ignore... but can't)
cryptocurrency everytime
- #4,129
- Edited 10:12pm Jun 15, 2014 9:52pm | Edited 10:12pm
- Joined Jul 2011 | Status: good | 4,295 Posts
cryptocurrency everytime
- #4,130
- Jun 15, 2014 10:35pm Jun 15, 2014 10:35pm
- Joined Jul 2011 | Status: good | 4,295 Posts
cryptocurrency everytime
- #4,131
- Jun 15, 2014 10:47pm Jun 15, 2014 10:47pm
- Joined Jul 2011 | Status: good | 4,295 Posts
KiwiOz, is this what you're getting too? Or do you still have some targets remaining below? I remember you mentioned 465...
cryptocurrency everytime
- #4,132
- Jun 15, 2014 11:47pm Jun 15, 2014 11:47pm
- | Commercial User | Joined Sep 2013 | 2,501 Posts
KiwiOz, is this what you're getting too? Or do you still have some targets remaining below? I remember you mentioned 465... {image}
Your chart...Yes & No.....The thing is with any system including MLs & EWs, you can find fairly accurate targets but the market has to move in that direction for them to be hit. A change in direction & you have to find targets on that horizon. Pays to have targets in both directions & be prepared to switch form bull to bear as the occasion demands. I personally am a Bear with cloven hooves & horns..
465 now revised to 450. IF I have got it right..
Money Makes Money
- #4,133
- Jun 16, 2014 1:30am Jun 16, 2014 1:30am
- Joined Jul 2011 | Status: good | 4,295 Posts
{quote} Hi venzen...Lol. don't worry about emptymind. He's just got his nose outa joint "cos I keep coming up with alternative scenarios. Probably slacked off 'cos most have come true so he doesn't want to see any more.
hehehe, your bearish alternative scenarios are distracting us from keeping focus on the upside, eh?
I like the count on your second chart, mainly because it just "looks right" and also because I've been searching for circular patterns in the chart and more downside fits the current scenario (chart below). Now, circlular trendlines are very subjective and the most obvious ones don't necessarily have the greatest influence on PA. On the chart below you can see there are some smaller and medium sized circle perimeters evident during the correction, but I'm just roughly trying to find the major influence that is repelling price.
This is Bitfinex
Bitfinex doesn't have much price history, so I initially looked at MtGox and based the position of the large red "no go area" on what I saw in the Gox chart:
MtGox - "Access Denied" (Only the Righteous shall pass)
As for the current move up, there seems to be strong momentum, so i'd expect at least 620 or 635 to be achieved. On the fundamental and news side, the SR issue must be creating some jitters via the news and also uncertainty during the next 2 weeks of bidding and announcements. A relief rally is bound to follow, eh?
cryptocurrency everytime
- #4,134
- Edited 2:42am Jun 16, 2014 1:57am | Edited 2:42am
- Joined Jul 2011 | Status: good | 4,295 Posts
I just added an obvious circular repellant to the same Finex chart posted before.
My placement may be inaccurate, but the presence of and influence exerted by these "things" is undeniable. Look for instance how during 2013 price bumps up against the perimeter of the circle until it finds clear air and rallies. And the influence keeps being felt well into the Dec 2013 correction and beyond.
Using this phenomenon for price forecasting is dubious but we can make some vague deductions. My guess is price will move under and around the big purple "go-away" that this correction has been bumping against. I don't know if i drew it correctly (it may be too big) and I don't have a method - its inexact "right look" stuff. If it's vaguely correct then we're going to be tracing sideways for another year... But eh-eh!?
Exsqueeze me? A year?! "It must be wrong", i initially thought - "if not I need another daily bread instrument to trade..." but then again, if it can retain the range of the past 6 months then this is actually a great prospect - i really dislike trading bull rallies - the bullish energy is just too manic for my spirit - i usually end up getting jitters from the height and exit positions prematurely on almost every wave
My placement may be inaccurate, but the presence of and influence exerted by these "things" is undeniable. Look for instance how during 2013 price bumps up against the perimeter of the circle until it finds clear air and rallies. And the influence keeps being felt well into the Dec 2013 correction and beyond.
Using this phenomenon for price forecasting is dubious but we can make some vague deductions. My guess is price will move under and around the big purple "go-away" that this correction has been bumping against. I don't know if i drew it correctly (it may be too big) and I don't have a method - its inexact "right look" stuff. If it's vaguely correct then we're going to be tracing sideways for another year... But eh-eh!?
Exsqueeze me? A year?! "It must be wrong", i initially thought - "if not I need another daily bread instrument to trade..." but then again, if it can retain the range of the past 6 months then this is actually a great prospect - i really dislike trading bull rallies - the bullish energy is just too manic for my spirit - i usually end up getting jitters from the height and exit positions prematurely on almost every wave
cryptocurrency everytime
- #4,135
- Jun 16, 2014 2:40am Jun 16, 2014 2:40am
- Joined Jul 2011 | Status: good | 4,295 Posts
finex again
apologies if i'm over-egging the pudding, but here's an perfect fit i got (using the TV fib circle tool) by drawing a line from the Nov top through the recent top. I continued dragging the line until i found a fit. The result is a good fit.
So price is grappling with the perimeter at 600 and if it can get above, would presumably head for the next perimeter up. If rejected - back down to 550 or 500
apologies if i'm over-egging the pudding, but here's an perfect fit i got (using the TV fib circle tool) by drawing a line from the Nov top through the recent top. I continued dragging the line until i found a fit. The result is a good fit.
So price is grappling with the perimeter at 600 and if it can get above, would presumably head for the next perimeter up. If rejected - back down to 550 or 500
cryptocurrency everytime
- #4,138
- Jun 16, 2014 3:42am Jun 16, 2014 3:42am
- Joined Jul 2011 | Status: good | 4,295 Posts
cryptocurrency everytime
- #4,139
- Jun 16, 2014 4:12am Jun 16, 2014 4:12am
I not really care the money i can earn with my invest (maybe a little), i think Bitcoin could change our life more than what we want to spend. Chart analysis it's just like a show that can confirm the world will be ready for really good change
And i agree with you, i love "opposing view", i told you i like read you despite you re little bit to bear for me I can't change the world, but i can see BTC does it ^^
And i hope the fed will burn, and Bernank/Yellen/Draghi and all of their team will go in jail ...
And i agree with you, i love "opposing view", i told you i like read you despite you re little bit to bear for me
I can't change the world, but i can see BTC does it ^^And i hope the fed will burn, and Bernank/Yellen/Draghi and all of their team will go in jail ...
{quote} ...Clicking on "Ignore" next to the name of a valued team member says to the group: "I'm annoyed with this analysis! What do you think about that?". As the custodian of the thread I will apply the available sanction to preserve the tone around here. There is money and people's livelihoods at stake.
Edit: oh wait, he's ignoring 83 others too, guess Im not so special!