Hi everybody, lady_luck, missed you here the past few days. No problem about that - there isn't much going on and sometimes its necessary to step away and do other things while the market wastes time. This PA is really frustrating, but what else can ...

Bitcoin technical analysis

Seems the worst is still to come for this wave down. There are so many ways to count this, but the effort below is my best shot. There are some issues with it because from wave ii to wave iii is a straight textbook impulse with no ABC like the other ...

Bitcoin technical analysis

The same chart as before - I've only adjusted the pink triangles to have their lower apexes on the descending TL. So by this, price doesn't have much time left in the pink triangle. To my eyes it's already behaving differently than it did during ...

Bitcoin technical analysis

I like your analysis, emptymind. Price does seem to be entering a consolidative (base building) phase. From here on I think anything can happen...

Bitcoin technical analysis

emptymind, i just double-checked and the correct date is July 24/25... i think the time scale on the last chart you posted changes in May - look how May, June, July, etc are smaller than the preceding months. Strange

Bitcoin technical analysis

Thank you, weti, and welcome. It's a bit quiet today because most of the regular members are taking time out to chew their nails over the rising price!

Bitcoin technical analysis

nice, what's the light blue number at the Nov/Dec high? it's obscured... also what are these blue numbers? days between peaks?

Bitcoin technical analysis

Hi Masalai, Thanks for adding your voice. I looked at the options and, unfortunately, there is no practical way to limit who posts here. The only way to limit posts is by me specifying that a user should be a either a medium or high impact member ...

Bitcoin technical analysis

i did respond to those reddit comments... to remain zen i think it helps to "talk softly but carry a big stick"! i agree with yourassessment of the increasing risk to be short now... and i think there is a big Bitcoin event in Beijing on May 10th ...

Bitcoin technical analysis

your observation about the triangles is interesting - so there is a pattern in the Fib ratios too... The reason I did those geometric shapes and used color coding instead was to get away from the framework of "measure" and correct count and ...

Bitcoin technical analysis

emptymind, i somehow missed a few posts, so responding to them as i come across them: the red dot... you're right, price didn't go to the pink triangle apex in any of the previous patterns, so there is no reason to believe it will this time... the ...

Bitcoin technical analysis

lady_luck, hi and good morning - you say it all in your post. emptymind, i like your dow explorations - keep going and if you get time also please check what a comparison with another commodity like gold reveals.

Bitcoin technical analysis

Thanks for your comments on my target practice effort... i think i'm getting the hang of how you choose pinion points... i'll keep watching, asking and learning. Your point about Bitcoin shagging around is also something i htought about... it might ...

Bitcoin technical analysis

I think you have a point, but it's always good to have a contingency plan _before_ you need it Thanks for the input, gjgjg, and for the link How is everything with you? Do you use IRC on freenode at all? I sometimes read BitcoinTalk - and a ...

Bitcoin technical analysis

Target Practice KO, please comment! I know the green projection is correct because that's copied from your BTC chart! But the rest... did I even hit target once? or am I just firing shots into a thicket? image

Bitcoin technical analysis

If Bitcoin is making the first wave 2 in the same fractal pattern as the entire previous decline, this is a very interesting thing to happen. I swear, this instrument doesn't stop amazing me!

Bitcoin technical analysis

i just thought of something... i'm really getting a lot of hits for my analysis posted at CryptoCoinsNews. I guess Bitcoin fans really want to know what's happening with price, because my analysis articles just cause a flood of 1000s of people a day ...

Bitcoin technical analysis

Yes, for sure, reversal patterns. At first they didn't look similar to me at all, and then the more i looked, the more similarities between subwave structure i began to see! The only thing that is different about them is that the expanding triangle ...

Bitcoin technical analysis

more detail of price action inside the wedge formed by the decline upper TL and the rising channel support (red)

Bitcoin technical analysis

BTC-e log scale shows another support undercutting the longer term channel support. If the main channel gets breached, i reckon price will be on its way to the low $100s image

Bitcoin technical analysis