no idea, seems like buyers pushed it to the upper TL and then took profit on failure to break out...

Bitcoin technical analysis

Taffy, thanks for posting. The fundamentals vs sentiment vs technical issue is open to debate. Very few, if any, of us apply candle stick analysis. But technical analysis applies strongly to Bitcoin as you'll see from reading the pages in this ...

Bitcoin technical analysis

Bitstamp H1 image

Bitcoin technical analysis

very good! here's a clip from the "making of..." that song (KO, mind your Magnetic Monkey doesn't fright) video

Bitcoin technical analysis

Ayeh, I think BTC has two typical behaviours in this situation... it's either going to spike up and then drop like a stone, or it could start making a downtrend at an awkward angle to the preceding horizontal band it painted. I also remember seeing ...

Bitcoin technical analysis

i see BTC-e is also starting to feel the current going over the falls now...

Bitcoin technical analysis

thats very essential and nice

Bitcoin technical analysis

hi people... busy coding today... one eye on the price chart... yawn! KO, looking at your longterm target projections i began wondering - have there ever been instances at market top or bottom where price does not complete the final magnetic line ...

Bitcoin technical analysis

hi emptymind, road to damascus ... bright light... lady_luck and I discussed this yesterday... most of the BTC markets passed through the decline TL, descended along it for safety and then made a lower high. So either the reaction will come on ...

Bitcoin technical analysis

textbook expanded flat! - some wave counters say these are more common in the market than regular flats (where B is lower than the starting point of A)

Bitcoin technical analysis

I'm going to look at that over coffee in the morning (well, after some sleep ) I like your reasoning with wave 4 and wave B - because it's true these complicated and/or confused waves cannot be advance - so they must be corrective and soon to be ...

Bitcoin technical analysis

related to your 4-ii labels, here's another version (let's agree that the exact labels are not significant - you know how i like counting abc) - my "b" is your "4" and my "B" is your "ii". image the "seahorse" pattern in each light blue box is the ...

Bitcoin technical analysis

Thanks for drawing... amazing that your illustration is exactly what i understood from your first explanation... The last dotted line where the same pattern is repeating on a smaller fractal scale... i think this is significant. Looking at the chart ...

Bitcoin technical analysis

I just checked that on the chart and its true in the major corrective waves and most of the minor corrections elsewhere in the wave... The geometry is easier to understand and see (now you've pointed it out) than repeated attempts at counting. It's ...

Bitcoin technical analysis

i see your point about cryptsy and bter and must agree - even blockchain.info is good for that - but their sheer size makes them vulnerable, don't you think? I imagine blockchain.info is an easy target for DDoS and other attacks... Right... slow ...

Bitcoin technical analysis

On Bitstamp it look slike a contracting triangle since the 28th, but drawing TLs either side of the BTC-e PA makes the last wave break the TL in several places... unless wave D is still in progress and must put in a last leg down? Same thing for ...

Bitcoin technical analysis

BTC-e are OK because I'm already invested there and it's been incident free so far. Bitfinex are OK because they're in China, they've been competent in the short time i've used them, and the fact that they vary the leverage they offer means I could ...

Bitcoin technical analysis

Hi Ilikefx, As far as I know Forex Factory does not have trade explorer links to the Bitcoin exchanges that we've been using to trade here. At least, not for my own trade accounts. Even so, and take this in the professional context I intend, I don't ...

Bitcoin technical analysis

Hi L_L Glad you posted this because, it's definitely time I start rationalizing my BTC and using compartments in different physical and virtual locations. You make a good point about "safe" locations and compartments. In the end, I think we will ...

Bitcoin technical analysis

a sign... exhaustion gap on this last candle as the market grasps at the 1.618 extension in three subwaves... this has caused MACD (at the bottom) to over-reach and form a reverse diverge (HH in MACD not confirmed by a HH in price). Stochastics ...

Bitcoin technical analysis