gjgjg, that is exactly the potential scenario. thanks for the illustration and graphic splicing!

Bitcoin technical analysis

emptymind, according to EWP your calculation is valid and highly likely. In fact 1.618 of wave 1 would be the minimum (as you say) but knowing BTC it could be way more. But let's work with the minimum for starters.

Bitcoin technical analysis

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 ...

Bitcoin technical analysis

BTCe 4H The clues of imminent reversal are in the S/R and in MACD (bottom). Unless price can shoot up and clear the previous MACD high, the divergence will enforce a reversal and strong correction to "reset" MACD. This is not an absolute requirement ...

Bitcoin technical analysis

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 ...

Bitcoin technical analysis

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 ...

Bitcoin technical analysis

KO, that's a safe minimum bet - looking at last Oct/November's rally, this is about the point where some upward curving starts. lady_luck's count has held so far and with dswk's resistance zone right here, as well as your magnetic target around 620 ...

Bitcoin technical analysis

hi L_L, I guess your Bitstamp and Bitfinex targets are the same? Yes, the B wave theory is obsolete. The weekend will be interesting for strong moves.

Bitcoin technical analysis

All going on today - I woke up a bear but by lunch I was a bull - sure the rest of you also saw that turn show price wants to shoot again! all of the upside zones and targets that we have been posting are coming into play. It's fast and furious - ...

Bitcoin technical analysis

620 is the first target - anyone? (and then a complete retrace ) i think this wave is going to be big and the corrections could be scary edit: on BTCe it appears this could be an exaggerated B wave before C down, however, Bitfinex has already ...

Bitcoin technical analysis

Well I said I wasn't going to post analysis, but this is just a count with no implied direction or targets. Not on the chart (to the left) is a structure that looks like an A wave or a small impulse up and then a drawn out consolidation to $440. The ...

Bitcoin technical analysis

Well, somebody has to call a degree for Bitcoin's charts. However, SuperCycle sounds very impressive, but the degrees are generally applied according to time span, so a Cycle degree label is for a wave that lasts maybe a decade, and SuperCycle ...

Bitcoin technical analysis

emptymind's count is a good interpretation - and the opposite idea is a prolonged bottoming out process of unknown count - like a wave washing out on the shore... In the latter case we could see price waves reduce in amplitude toward some median at ...

Bitcoin technical analysis

lady_luck, thank you very much for your kind and supportive words. I'm not sure about my objectivity sometimes and I know from experience that is a warning sign to just take a step back. Strong emotion and convictions in the market can lead to ...

Bitcoin technical analysis

Thanks for the charts, KO and emptymind. Namecoin has an odd looking chart doesn't it? It reminds me of the VIX.

Bitcoin technical analysis

there are only 5 of us, so who are the no-nonsense ones? (and where do i fit in the picture?)

Bitcoin technical analysis

thanks KO, i'm here all day!

Bitcoin technical analysis

This is a really emotional moment in the market. Opinions are strong and feelings are running high because everyone has been waiting for this moment all their life I published an article this morning saying that correction was due and that it can ...

Bitcoin technical analysis

It's not a case of "worrying" about them. They are tools and can be interpreted. There is no case on any chart where reversre divergence has not resulted in a reversal. That's a fact, so saying indicators are a waste of time is just not true. look ...

Bitcoin technical analysis

Some indications on the Bitstamp daily chart... image

Bitcoin technical analysis