You guys are not going to believe this - it is so gross - but i have to share it with someone... Saturday night, alone at home: I went away to the country side for Thai New Year this past weekend and I developed this pain in my right ear. Got back ...

Bitcoin technical analysis

you mean under that price projection? How about an "Elliptical Curve" as in ECDSA Well, I'm being as conservative as possible, $2400 and $4200 as upside targets are very likely but it will likely break above the TL and print a large number with ...

Bitcoin technical analysis

Yes, that wave B is going to cost me some peaceful sleep. Especially since it doesn't show on the other exchanges' charts. I just figured that ignoring it doesn't solve the problem so I came up with the only fitting label i can place there and then ...

Bitcoin technical analysis

Yeah, that very much resembles the "diary of a madman" joking, I sometimes chat with DanV and he's good people - i just don't get down with all that wxyxz stuff... lady_luck, for a moment there I actually thought you saw the meaning in the ...

Bitcoin technical analysis

I recognize some of the words and will try them out and see how she responds BTC, BTC... wish we could get a handle on the overall count, but it's difficult since we don't have much to work with. I'm glad to see you're wondering about the same ...

Bitcoin technical analysis

i see what you mean. Yes, the Gold market is very old and heavily manipulated, as you say.

Bitcoin technical analysis

KiwiOz, a question about the 2nd Bitcoin chart here, as well as the 2nd Ozzie chart in the post just prior... Those last targets (in gold color) seem to be calculated from thin air. What are you drawing those base lines (if that's the right word) ...

Magnetic Line Trading with KiwiOz

I also wish it wasn't a potential count, so we can get the rally started, but it may be an expanding diagonal. I'm just making provision for additional decline, because once price opens and closes above that red TL then we know more upside is ...

Bitcoin technical analysis

wow! and boldly spoken... your points are all in the realm of plausibility and i find your view interesting, because it's very different from mine. We could argue for pages about the supporting evidence for and against market valuations of the most ...

Bitcoin technical analysis

Well, I'm glad someone thinks so! My partner just looks at me sometimes and says: "Falang ting-tong!" (These foreigners are crazy) While i'm in a state of dissonance about Elliott Wave, due to it failing miserably more often than not, I cannot put ...

Bitcoin technical analysis

Remember that I count the Euro, Dollar, Gold, Silver and Bitcoin as advancing in diagonals. No big deal, just my way to account for the 3 wave substructure of each advance (see chart below). The count you show is also ok, but originally the wave was ...

Bitcoin technical analysis

I agree, the altcoins have had it good and the game is about to change in the coming months. The asset/contract aspects of cryptocurrency are now being explored and developed (e.g. Mastercoin and Namecoin) and this was something Satoshi Nakamoto ...

Bitcoin technical analysis

don't want to presume to advise you, but i'd like to share my practice of hedging: I like to have a broker that allows me to hold opposite trades (long and short) in the same instrument. BTC-e offers this via their MT4 deal. When I open a position ...

Bitcoin technical analysis

I'm not happy if i'm not in the market, so for me it's all-in all of the time. If my living expenses weren't so cheap i wouldn't be so aggressive - and evenso i sometimes pay for that by being wiped-out for a month or two while rebuilding capital ...

Bitcoin technical analysis

lady_luck, thanks for posting the LTC chart - and nice count! I don't think your B-wave labels are incorrect anywhere... in my view B-waves are the random element in any wave. They "usually" form 3-wave structures that are easy to spot, but every ...

Bitcoin technical analysis

kingtour, i assume you're heavily positioned to the upside and that is why you worry about lower lows. Did you perhaps consider opening a hedge to the downside? So, if price does go much lower you will not be harmed and will, if timed right, be able ...

Bitcoin technical analysis

i politely disagree - take a look at pp. 38-40 of EWP. All of those diagonals span at least 2-3 months, which may very well be what we're looking at here. I say 'politely' because it's ok for us to agree to disagree. We should perhaps provide ...

Bitcoin technical analysis

hi lady_luck, good to spend more time here again. your analysis makes sense - i like the proposal that the current wave C is a diagonal - lots of 3-wave structures. the recent top formation is strange - i'm can't decide if it's a B wave to the high ...

Bitcoin technical analysis

i realize i have a subconscious expectation that the Bitcoin chart should follow the EWP idealized wave progression of an eternal bull market. certainly, as emptymind has mentioned about a spike into July, we've all been anticipating a powerful ...

Bitcoin technical analysis

hi emptymind, thhe blue arrow is pointing to the grouped stochastic indicator which tends to bottom out at lows. It doesn't HAVE TO and sometimes the stochs diverge from price like all momentum indicators. while they point down, at least, i ...

Bitcoin technical analysis