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venzen replied Jun 14, 2014hi all, some longer term log scale charts. BTCChina image Bitstamp image BTCe image
Bitcoin technical analysis
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venzen replied Jun 13, 2014gjgjg, i enjoyed reading your post and another interesting perspective on the auction.
Bitcoin technical analysis
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venzen replied Jun 13, 2014You're brave. That must feel like stepping in front of an oncoming train while catching a falling knife! I felt a sense of awe watching that wave yesterday... it just kept going with great purpose. I cannot bring myself to call direction here. This ...
Bitcoin technical analysis
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venzen replied Jun 13, 2014Interesting perspective on SR... and your assessment of market conditions too. Lots of off-the-beaten-track cooking going on in your worldview kitchen!

Bitcoin technical analysis
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venzen replied Jun 13, 2014The way i see this PA, it's really touch-and-go... could continue dropping into the month end, or (with 3 waves from the top) we may see a wave up above 650 - if it's a B wave then C down will be devastating. If it's the start of wave 5 up then ...
Bitcoin technical analysis
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venzen replied Jun 13, 2014hi lady_luck, Thanks for the link, i read there that the auction doesn't include the accused's coins - some consolation for him, eh? I guess this has some impact on Bitcoin's official status. Combined with a tax directive and SEC decree, btc is ...
Bitcoin technical analysis
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venzen replied Jun 13, 2014Welcome, Rgr1855! None of us really use the orderbook as far as i'm aware. Perhaps one of the traders here has some experience with or tips about L2... In my own experience the orderbook can be deceptive. Sometimes, with a massive layer of orders ...
Bitcoin technical analysis
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venzen replied Jun 13, 2014This SR wallet is empty... Bitcoin Address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH ... perhaps they "transferred" the coins out of that wallet, and if the coins have only been sent to another address, then no exchange was involved... I used the "gribble" ...
Bitcoin technical analysis
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venzen replied Jun 13, 2014Morning KO! That was "swift", wasn't it? Fantastical... let's see what's next.
Bitcoin technical analysis
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venzen replied Jun 11, 2014True, this sideways could go on for weeks - the market is clearly directionless and a range has been established - looks like one of those lulls where it takes a jolt to establish direction again.
Bitcoin technical analysis
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venzen replied Jun 11, 2014NXT has clearly got a dedicated team and the coin offers many services and functions over and above just being a clone. I think it will go far while most of the other gazillion altcoins out there just fade into the mists of time. lady_luck, excuse ...
Bitcoin technical analysis
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venzen replied Jun 11, 2014L_L, thanks for the thorough analysis! I'm expecting one or two more surprises before trend takes direction... These links came via email earlier and I thought you'd be interested: url url ...
Bitcoin technical analysis
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venzen replied Jun 10, 2014The Bitcoin chart is amazing... I like your chart and this seems to be the way things are going. I won't be surprized if price spikes above 700 in a classic exaggerated B-wave fake-out before turning down again.
Bitcoin technical analysis
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venzen replied Jun 10, 2014hi dswk, some meticulous analysis there... what's bothering me visually about this wave up is that it looks incomplete to the upside - just like the previous wave looked incomplete to the down... does any change to that gartley butterfly perhaps ...
Bitcoin technical analysis
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venzen replied Jun 10, 2014Hi KiwiOz, Bitcoin's got me on a rollercoaster - one minute analysis looks down, the next it's "What if this thing makes another blast up before correcting?" I don't know what to expect but anxiously wait for BTC to take ANY direction!

Bitcoin technical analysis
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venzen replied Jun 8, 2014As I'm looking at the charts this morning it looks to me like trend is turning down... keeping an eye on this possibility.
Bitcoin technical analysis
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venzen replied Jun 8, 2014you said it all, lady_luck. All I'd like to add is to mention the phenomenon whereby MACD shows different relative momentum at different timeframes. Some degrees are better analyzed at 15min and larger degree waves at 1hr or 4hrs, etc. For this ...
Bitcoin technical analysis
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venzen replied Jun 8, 2014hi tostaky06, hey, you suggested the poll but you haven't voted yet?

Yes, Bitcoin itself is "Magic" and i learnt today that there actually is no bitcoin data structure... there are no objects called "bitcoin" being passed between buyers ...Bitcoin technical analysis
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venzen replied Jun 7, 2014yes, i removed the bulk of that post but glad you saw it. We've communicated all of those thoughts and theories before (in December and January) and I believe there is a "magic ingredient" to Bitcoin - the details of which I don't want to discuss in ...
Bitcoin technical analysis