fair enough, wxy labeling is meant for double and triple zigzags and corrective combinations. But in my experience using wxy notation easily turns into a slippery slope of ill discipline. I'm not saying I shun it - i've posted charts where I had no ...

Bitcoin technical analysis

the hearing outcome could be a rocket launcher (or a total fizzle out non-event!) As i understand it the hearings will basically decide on whether or not BTC is a legitimate instrument for ETF and derivatives creation (in the US) - i expect there ...

Bitcoin technical analysis

H1 BTCe I've got PA reversing at 810 (1.618 of wave A). Then it should retrace to 780(the top of wave A) before moving higher. If there is somehow another corrective structure to add here then so help me God... (if i don't drink coffee right now i'm ...

Bitcoin technical analysis

yep, Miami is happening: url and i also saw something about SEC regulation hearings maybe tomorrow (Wed?) edit: agree with your words 'small' and 'medium 'groups - me saying experienced and inexperienced was just a moment of mild stupidity

Bitcoin technical analysis

hi lady_luck, the forums and chatrooms are interesting and the positive news keeps coming in. The SR issue is mysterious as you discussed in your previous - some foul play or smear campaign going on by the looks of it... like you say, it's hard to ...

Bitcoin technical analysis

KO, your chart forecast of these declines was really useful - i didn't see it coming by a mile, but once underway i had the pre-knowledge - thanks a million as always!

Bitcoin technical analysis

flat-top correction i haven't read any post - just dropping this in. later... image

Bitcoin technical analysis

Exaggerated as it seems, i've positioned for a massive rally (with massive retracements)... if it doen't manifest - oh well, my BTC trades will just spend their time meandering aimlessly in sub-$1000 purgatory!

Bitcoin technical analysis

LOL! mini rally!

Bitcoin technical analysis

hi chonchero! great! give me a few more weeks - I need to get a hosted server and compile the wallets for Windows and then we'll be ready

Bitcoin technical analysis

Tsar, thanks for the works of art!

Bitcoin technical analysis

KiwiOz, Below are two counts for Gold and a BTC chart. I see what you mean by a similarity in the charts - Gold and BTC both move in a similar way - with BTC perhaps being tidier. However, I don't think the corrections are equivalent because Gold is ...

Bitcoin technical analysis

yes, the two advancing C waves are about equal in length and similar in structure - but what is that triangle flick-flack going on in the middle? If we can come up with a sensible count of what happens in there, i believe we'll have two thirds of ...

Bitcoin technical analysis

not sure if this was clear from the beginning but one of the people arrested today was Bitcoin Foundation exec... some uncomfortable questions will be asked and bad press may follow... which could lead some Bitcoin holders to sell. Of course the ...

Bitcoin technical analysis

yes, yes and yes. trying to understand this thing I've been putting Gox price in logarithmic scale and counting this typical and repetitive pattern. (the count does not make sense after the tapering correction because the degree goes out of whack - ...

Bitcoin technical analysis

those are possibilities. regarding the news, it's difficult to know the relative context of what we're currently calling "good news". Is it good news for us early adopters (buying in below $1000) or is it good news as in the mainstream euphoria that ...

Bitcoin technical analysis

hi emptymind, hi lady_luck, of course no wave count can be correct - every count is almost always invalidated after the next swing shows new possibilities! But we do our best and sometimes we're right on the money... I've also replayed "the top of ...

Bitcoin technical analysis

yeah KO, I tend to go nuts in my jungle laboratory every few months... this time it's creating a Bitcoin clone. Well, Litecoin actually... because Litecoin uses a different encryption algorithm than Bitcoin which means it is easier to mine. Soon ...

Bitcoin technical analysis

I can see your target near 750 get hit like this KiwiOz: edit: i see the chart is not displaying so clearly, the two likely targets I mean to show are indicated by the blue dots - the lower target near 0.89 retracement (760) is likely after an ...

Bitcoin technical analysis