hi DC, Just to discuss it, I don't have a strong opinion about whether price will go up or down at this time. I was merely exploring easymind's wave count and prediction with him yesterday. Until it breaks out of the box I remain neutral - expecting ...

Bitcoin technical analysis

Morning All, hi chonchy and DC, I'm not making any assumptions about direction until price breaks out of the rectangle that has contained it since beginning of Jan. If PA breaks above 850 and stays there then the possibility of continued uptrend ...

Bitcoin technical analysis

smartypants, Good luck with the Dogecoin! I sent you a question about compilation in PM - please check when you have a moment.

Bitcoin technical analysis

emptymind, the question is whether this wave C up has completed... PA has not struck a satisfactory Fib ratio of wave A yet. The Fib ruler drawn over wave C is exactly 1.0 of wave A... your initial target for the end of subwave 5 (of C) may be ...

Bitcoin technical analysis

solid Fib relationships - good work! So we'd expect a reversal here and then see what prints to the downside - and how - reversal should be swift but sluggish reversal could be a sign the triangle has more meanderings to do.

Bitcoin technical analysis

i see your count now: wave A down from the high, this is a triangle wave B and then a 5w wave C down to 700. That's feasible and I'd be happy with wave development like that!

Bitcoin technical analysis

chonchy, this 3D printer is amazing, man... so i just design my dream house and it prints it on the hill overlooking the sea?

Bitcoin technical analysis

very amazing price action! so down to 800/810 from here... what target you got emptymind?

Bitcoin technical analysis

that spike... I also think it's significant. Something tells me we're going to see this pattern again: image

Bitcoin technical analysis

Not nice. I have a lot long from 980. Am I proud of it? No. Is PA going above 980 anytime soon and making good that order? For sure!

Bitcoin technical analysis

Now you put a rectangle on your chart, chonchy, I notice there has been a purple box containing price since the beginning of January. A deep purple colour box - how could we miss it ? So price went above it and got sucked back in - and ...

Bitcoin technical analysis

Holy Crapola! I hope you're right about this KO because if we go down to the 162% FE near 570 then my hedge alone will double my account!

Bitcoin technical analysis

My analysis shows less downside potential, but it requires PA to drop below 800 again. The triangle must still complete waves "d" and "e". Wave "d" can go much higher than shown - all the way to 850 perhaps - and then PA must come down in wave "e" ...

Bitcoin technical analysis

This is so great! 161.8 % is the magic number, for sure! Some people say Fibs and Fib extensions do not allow consistent or accurate forecasting, but this chart argues otherwise. I reckon the reason why Fibs don't work for a lot of traders is ...

Bitcoin technical analysis

That's a good idea - pinning Fib extensions to the demark lines. It should work. Strange thing about Fibs is they work from almost anywhere on a chart as long as you consistently pin them at the same relative position in a wave structure - a pattern ...

Bitcoin technical analysis

chonchy, you're way more experienced than me in masonry and decoration, so I make my suggestion based on my personal preference only: Go for white - under that yellow electric light it will look "cleaner" and brighter than grey. With no natural ...

Bitcoin technical analysis

Goodnight LL, I'm getting some sleep. Tomorrow I want to knock out an article or two in between watching the charts and talking to family. If you care for it, here's a live track I've been listening to all evening - from Miles Davis's "In a Silent ...

Bitcoin technical analysis

I like the way you say that - and it's true: we're so much into Bitcoin we cannot get more into it without maybe spontaneously combusting! I still know, in my water, that we're going to see a spectacular parabolic wave curving up to 2,800 at ...

Bitcoin technical analysis