no problem abt the TL work - i posted it, so that part is clear - but wanted to acknowledge your log chart plotting work - nice clear chart! There is a chance price could drop below the TL toward the lower 100s in a TL "underthrow" but we'll have to ...

Bitcoin technical analysis

Now that you point it out, i see what you mean... but wouldn't the triangles just progressively get smaller or something? I don't think i understand what you mean by "the next triangle to respect that" ... sorry i'm also tired so not too bright ...

Bitcoin technical analysis

This is a BTC-e 4 hour chart and I tried to be as simple as possible. Perhaps some of the trendlines aren't needed. Very interesting... the pattern is quite obvious and doesn't need explanation - the function of each instance of, say, the pink ...

Bitcoin technical analysis

good to see you lady_luck. Oh no... it's always a disaster when you suddenly lose a piece of technology - that's when you realize how much you rely on it - and how much of your life is in there! So good to have you back and glad you could get the ...

Bitcoin technical analysis

I really like the part where my leveraged Bitcoin trades cash out on your chart! It's feasible although unbelievable. Great that you made the chart - and with an open source tool - and looking at it i see the upside potential, however, it ...

Bitcoin technical analysis

emptymind, I was going to answer your question, but by the time i clicked <quote> you had edited i also sometimes add or remove content, so that's same-same... here goes anyway: If Bitcoin goes to 100k, i'll be so happy, i'll probably fall down ...

Bitcoin technical analysis

yes, either 548 is wave (i) to the upside or wave (iv) of C of the decline. either way, i expect the decline to complete in five waves (either a higher low tipping in favor of 548 being wave (i), or else a new low which should be the market bottom) ...

Bitcoin technical analysis

A lot going on at the present area on the chart and price is running up against the 200 MA as well as the Bollinger band mid-line. In the next few hours price will reach a crossing of the dotted yellow downtrend TL as well as a long-term support ...

Bitcoin technical analysis

Thanks for the update and enjoy your holiday!

Bitcoin technical analysis

emptymind, the result of this maths is very interesting, may be worth looking for other 1st and 3rd wave relationships in the BTC chart history. So, "e" is a constant?

Bitcoin technical analysis

emptymind, i think you should look at a larger timeframe chart and see that we are in a massive, i mean MASSIVE downtrend channel like few commodities in the history of charts and markets have ever exhibited. Not only on this chart is a count of ...

Bitcoin technical analysis

No, it's not like that! What I am saying (according to my teacher, Clive Roffey's insight) is that one delays one's decision to open a trade to a moment of highest probability. A five subwave A wave and a 1st wave are indistinguishable Given that ...

Bitcoin technical analysis

i calc it like this: distance of base wave: 259.34 - 2.0401 = 257.3 extension of base wave: 257.3 * 1.618 = 416.3 The fib maths doesn't change because the log scale chart is just a different visual representation - the y-axis (price) value remains ...

Bitcoin technical analysis

guys, the way i understand log scale is that it is merely distorting the y axis, but the maths remains the same - plotting in logscale doesn't change the value of a price point - it'll be 300 (for example) on both arithmetic and log scale, so Fib ...

Bitcoin technical analysis

Thanks for the update KO, and enjoy the trip! Sometimes its surprizingly good to be disconnected from the internet and everything that comes with it

Bitcoin technical analysis

cascading down... that's right... image

Bitcoin technical analysis

Don't know about you guys, but this price action is not really doing it for me... no excitement... no va-va-voom....

Bitcoin technical analysis

Morning KO and lady_luck, So we're all three of us looking below 400... Time to buy indeed!

Bitcoin technical analysis

now a downturn... but is it a small (iii) or is it a small (c) before continuing higher?

Bitcoin technical analysis

hi lady_luck, do you remember after the drop in December, how we were both expecting a small move up and then an final wave to 450 (was it?)...? Here we are at 450, having been to 102 on a spike and 340 on a legitimate wave down... absolutely ...

Bitcoin technical analysis