I've relabeled the triangle - not sure if this is how it's going to turn out but it's a rough roadmap. That upper green TL will definitely change but for now it's a lie of resistance. H1 BTC-e image

Bitcoin technical analysis

I was also wondering about this. For example, if the FBeye auction off those 29k coins then presumably there will be no effect on price since the coins don't go through any exchange - unless the buyer goes to Bitstamp or MtGox and cashes out BTC for ...

Bitcoin technical analysis

870 seems about right - plenty of longterm Fibs from 850 to 890... PA is really tight - small waves fighting for tiny pip distances.

Bitcoin technical analysis

Hi All, lady_luck: nice avatar! chonchy: nice tulips, they grew quickly! I see you posted some links LL and I'll check them in a moment. Also, your ideas about a future BTC with less volatility... hmm, i have some ideas and will post them shortly, ...

Bitcoin technical analysis

PA is not clear and I can't find a good reason from my indicators to open a hedge here. So it must just play out goodnight people.

Bitcoin technical analysis

EWI are now accepting Bitcoin payment for their forecasting services url This is so funny because if EWI's forecasting was any good they'd have put their money where their mouth is and accepted Bitcoin a long time ago but noooo, they were also on ...

Bitcoin technical analysis

You're right. A textbook wave C cannot be a triangle - must be an ending diagonal or impulse - except when it is a subwave of a triangle the it can be a zigzag or flat combination. What is strange about this structure since the early Jan high is ...

Bitcoin technical analysis

described another way, this PA in jazz: small repetitive patterns winding slowly to a resolution somewhere lower down video

Bitcoin technical analysis

I think we might be completing "c" now. "d" and "e" will follow. I'm not sure but the way PA is making small waves and winding sideways... it looks like it needs more time to go a bit lower near 760 for wave "e". KiwiOz and emptymind have it going ...

Bitcoin technical analysis

The Nov high above 1000 then down to 400 area then back up and sideways reminds me very much of the action after the April high last year. Here is a chart from that time. In hindsight I would relabel like this: keep A as is change a/1 to B keep ...

Bitcoin technical analysis

This is really interesting and I have to bend my head around it somewhat because there are layers and cross-relationships. I'll draw it out to visualize better. BTW - your LTC short - that must be a market order for USD, right? Does that mean the ...

Bitcoin technical analysis

Cryptocurrency use in Third-party Guarantor and Contract Escrow url Now why not just use a tulip bulb to hedge that futures contract instead?

Bitcoin technical analysis

That'll be interesting, try it and see. I like hedging because I never get that hollow disappointment like when a stop gets hit and you see your account balance going down. With a hedging strategy I can make an even better entry in the original ...

Bitcoin technical analysis

I remember this story - funny that it just evaporated! Well, my uncle says it like this: video

Bitcoin technical analysis

KO, you've got 99% accuracy with your method so I'm not going to oppose your analysis other than to say I see a perfectly completed triangle from the 990 (BTC-e) price high. That means this could be wave 4 completed and wave 5 to the upside must ...

Bitcoin technical analysis

hi lady_luck, Interesting point you make about the distinction between assets and currency. The seizure was ordered by the Manhattan U.S. Attorney’s office and the FBI must have had legal council before publicizing their decision to auction, so ...

Bitcoin technical analysis

This is totally viable and I would prefer a deep correction, but looking at the BTCUSD price history - whenever it's making these low angle meanderings - it always heads up at the moment when it looks most likely to continue lower!

Bitcoin technical analysis

KO, the article is refering to the Silk Road "stash" which was a single Bitcoin wallet containing 29,655 BTC. So, as an asset gained from the "proceeds of crime" they seized it and are intending to auciton it off. That is the third biggest wallet in ...

Bitcoin technical analysis

Right, game on: Feds ready to auction off $25 million in Silk Road Bitcoin url I'm trying to figure out how this is going affect the price. The FBI are not converting BTC to USD via an exchange but will probably auction for USD on their "Federal ...

Bitcoin technical analysis

morning KiwiOz, Interested in your analysis. I see this possibility too but I'm favouring completion of the larger triangle around 790-800 and then up. But I'd be interested to see your chart since it's good to make contingency plans! image

Bitcoin technical analysis