hi L_L theyre ok, you know - strange language and concepts, but i'll soon get a handle on it. trying a small trade just to see how it goes from open to close. they use Bitstamp price, isn't it? Glad you're getting the reactions from PA that you ...

Bitcoin technical analysis

I've just signed up for their beta offering, so when it's available i'll try it out! with all that "wall street" and flag waving, i hope they don't expect an x-ray of my tonsils before i can trade

Bitcoin technical analysis

your example is true, but that is why one shouldn't open a full position at that kind of leverage., you have to build it and enter at the opportune wave positions: start of wave (3) of 3 start of wave (iii) of (3) etc if you get it right, you add ...

Bitcoin technical analysis

about an hour ago a service agent at InstaForex told me they did BTC at 1000:1 leveage. Yay! i thought but then after applying for an account i discovered they don't do BTC anymore so now i'm trying the MT4 demo at url

Bitcoin technical analysis

emptymind, your single-minded self-belief is amazing. You're one of a kind!

Bitcoin technical analysis

Besides my bearish buddy KO's Magnetic Monki, and emptymind's Kanagawa waves, and lady_luck's bustin' 1950's elegance, I think this guy has the coolest avatar picture: such composure, such charisma and the perfect friendly face for a Mod ...

Bitcoin technical analysis

Ahoo! so that's where our yardsticks differ... you're counting it abcde down from the top and i'm counting it AB-i-ii--iii-iv-C, which puts my trendline across labels ii and iv... so the angle changes and hence you've got a "protruder" on your ...

Bitcoin technical analysis

thanks for the compliment! I'm busy looking for a broker that will give me some decent leverage on Bitcoin trades. Any suggestions? 1:3 at BTC-e is OK but once the low is struck and uptrend begins there's no reason not to hit this instrument with ...

Bitcoin technical analysis

emptymind, for me it's not cut-and-dry that we're in an impulse and going up. Don't feel bad me not agreeing at this stage - i have to trade according to my own analysis because if i trade your's and it goes wrong then I suffer the loss and you can ...

Bitcoin technical analysis

sure - it helps to ease into positions. making a hard call that "this is the reversal so i'm opening my full position here" is too rigid and just creates too much stress about being right and all the other things like becoming attached to a trade ...

Bitcoin technical analysis

I also notice distortion when I zoom - obviously not of the price candles but any drawing objects made at different timeframes or when zoomed out further. So that's a shortcoming of the software and nothing we can do about it really... Yeah, i also ...

Bitcoin technical analysis

Hi lady_luck, At first I didn't know what's going on because first emptymind was talking about a break of a massive trendline and then you showed the pictures of 3 diff markets - each with a clear breach of the decline TL, but I don't have this on ...

Bitcoin technical analysis

KO, Logarithmic (Log) scale is simply a log function applied to the Y-axis of the chart. So as you go from, say, 100 to 200 the chart objects will look twice as big as they do between 200-300. And so on as you go higher. So the scale just ...

Bitcoin technical analysis

We're about to hit your 510 target at the end of this diagonal and then probably a violent move down - as is the way after a diagonal. Quick! Quick! Let me sell my stash!

Bitcoin technical analysis

The current wave up reminds me of a familiar pattern in the Gold chart from a few months ago. KiwiOz will remember this very odd time in XTrade's XAU thread when we were expecting a move up or down but Gold was actually just busy setting up the ...

Bitcoin technical analysis

Ah! I get it - thanks for explaining.

Magnetic Line Trading with KiwiOz

Hi KO, Yes, as L_L says its a tradingview chart: Daily TF, log scale (bottom right hand corner just above "Publish Idea" button, or in chart settings) and then to show more history i use the mouse wheel to contract and expand time. You can also ...

Bitcoin technical analysis

About the maggot, I'm trying to recall... i was swimming in a pool with lots of creepy crawlies... kids were throwing water at me wherever i went for 2 days... not sure... but hope that's how i got it - the alternative scenario of it crawling into ...

Bitcoin technical analysis

I found this chart earlier when i was searching googl images for "EW strange patterns" nice image

Bitcoin technical analysis