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venzen replied May 26, 2014LTCUSD - I just looked... what's happening in that chart? It's clearly in a correction to the upside with those spikes and meandering waves... wonder what that means for BTC? While switching to LTC I also looked at BTCChine and Bitfinex. Their ...
Bitcoin technical analysis
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venzen replied May 26, 2014Good morning, I find this PA fascinating because its the first time i see clear 5 wave counts in the advancing mode. Look how the 3rd and 5th wave require a lot of effort to advance - i think the many AB-ab-etc before each accelerating C wave wastes ...
Bitcoin technical analysis
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venzen replied May 26, 2014If the buyers pile in, i agree, it could cover a lot of distance quickly!
Bitcoin technical analysis
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venzen replied May 26, 2014505
hi lady_luck, I've posted a count, but no idea if it's accurate. This action between 570 and 600 is not clear at all - it may be the topping process is messy, or it'll become clearer later on (after its over!
) ED, maybe... one of the ...Bitcoin technical analysis
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venzen replied May 26, 2014howd'you mean, emptymind? Can you perhaps illustrate how you mean this is a phase transition?
Bitcoin technical analysis
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venzen replied May 26, 2014indeed... the long sideways areas on the chart still elude understanding. Like the one prior to this beanstalk sprouting: i cannot (from an EW perspective) figure out how it fits with what happens before it... if its an ending or a beginning. It ...
Bitcoin technical analysis
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venzen replied May 26, 2014Hehe, it hit the upper TL and I woke up with that sight, first thing
I'm seeing a pattern here that counts quite easily, but the count could be wrong and we top out at the orange 1.618 extension just above 600 and reverse meaningfully - or the ...Bitcoin technical analysis
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venzen replied May 25, 2014KO, btw, why do you see 526 first? You mean a correction before rallying higher?
Bitcoin technical analysis
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venzen replied May 25, 2014i'd expect the PA from 560-600 will be an ending diagonal and then either a complex correction (possibly wave 4) or a reversal to the 300s. The wave structure up from 440 is really well articulated and easier to count than what i've noticed in the ...
Bitcoin technical analysis
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venzen replied May 25, 2014Interesting article by Kyle... I'm not sure what I think about the allegation that bots "artificially hiked the price... OK, so the bots were real, but the other exchanges' price went to similar heights in terms of their price charts and the wave ...
Bitcoin technical analysis
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venzen replied May 25, 2014anyone else getting a major urge to sell around 570 BTCe ? quick quick! its coming right up!
Bitcoin technical analysis
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venzen replied May 25, 2014Ready or Not - i had to be ready... 542 BTCe was a switching point image
Bitcoin technical analysis
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venzen replied May 24, 2014Ha! Ha! Ha!
I laugh in the face of bullish advance!Bitcoin technical analysis
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venzen replied May 24, 2014Sure, KO. I agree about 480. The market is either going to take the HnS bait or forego it in favor of more upside. Seeing that this upmove happened without big money piling in, i suspect the attraction of an obvious $60 short opportunity is going to ...
Bitcoin technical analysis
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venzen replied May 24, 2014Bitstamp Hourly MACD (bottom) warns of a divergence coming, stochastics are grouped flat down. The weekend market will likely seize the technical opportunity and rally - but lacking wider support, take profit near the recent high. The resulting ...
Bitcoin technical analysis
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venzen replied May 24, 2014Morning all, I'm reading back over my posts from yesterday and had to laugh at my ambivalence about where price is going next... Woke up this morning - coffee, yaa baan (home tobacco) and Songs in the Key of Life and the long term log scale chart. I ...
Bitcoin technical analysis