As for orthodox counting, that's great because I often find the new-fangled wave counting methods (Neowave, etc) are money-making scams and any wave must in the end be deconstructed to an elemental type fitting impulse, diagonal, zigzag, flat or ...

Bitcoin technical analysis

hopefully its a triangle in this position: we'll then know its either wave 4 or wave B - the wave just prior to the last actionary wave... let's see where this one ends. I'm out for now. See everybody tomorrow - hopefully for some good motive wave ...

Bitcoin technical analysis

i'm not saying anything about direction or targets - just posting this for what its worth - strong support at 780 being retested and the fib levels upwards really proving to be reaction zones BTCUSD (BTC-e) M5 image

Bitcoin technical analysis

Sorry i went offline for a while - i'm over-tired and start getting irritated with PA - not a good mindset for handling trades, so i just closed and walked away for a few hours. Good discussion and rant BTW... enjoy the logic and exploration of ...

Bitcoin technical analysis

well spotted - they're the same pattern as you say. Maybe we get another bigger version again?

Bitcoin technical analysis

RSI headroom I notice that PA from current levels upward to the top have no contention points in the RSI indicator. RSI has already dealt with a reverse divergence on the last remaining peak (inside the yellow circles) and has free movement as ...

Bitcoin technical analysis

lady_luck, PA dropped like a stone as soon as i closed my eyes to sleep. I woke up this morning with my eyes popping out my head and immediately had to start disaster recovery measures before I was even awake or had a chance for coffee. I feel like ...

Bitcoin technical analysis

Morning. It does seem like iii and iv can be relabeled a and b. Then we have c down at the bottom and currently in d with a final e to the downside. That would a possible count. I'm veering away from the count possibilities - thinking about how we ...

Bitcoin technical analysis

emptymind, you said it - wave 5 must be the shortest for it to qualify as a leading diag, so we have to look to other explanations: consider for a moment waves 1 and 2 as you have them. Relabel 3 as A and 4 as B and then 5 becomes C and we have a ...

Bitcoin technical analysis

Thanks for explaining I, Robot Now that gap business you show there is very damn-well interesting. I mean look at it: perfectly and hermetically sealed since close on Friday! This is amazing... who would have thought ? and i would never have ...

Bitcoin technical analysis

Pondering the turn of events... image Technical correction is one thing but sustained downside action is another. We know it's not the FBeye selling ill-begotten loot and there's not a whiff of bad news in the air. In fact, things have never been ...

Bitcoin technical analysis

BTCUSD (BTC-e) H1 A closer look on the H1 chart shows that wave 'c' is 2.236 the length of wave 'a' - which nearly coincides with the 50% retracement of the entire wave up. Additionally, all indicators are flat out at the bottom of their ranges at ...

Bitcoin technical analysis

BTCUSD (BTC-e) H4 The pullback retraced close to 50% of the wave up from the Dec lows. H4 RSI says trend must now resume upwards but that remains to be seen... image

Bitcoin technical analysis

Glad to hear everything went well. Don't worry about that trade. This is only the beginning here below $1000 - for us to familiarize ourselves with the new market and chart behaviour. Plenty more opportunities - and Bigger ones - coming up Rest ...

Bitcoin technical analysis

Bitcoin, my love must be a kind of blind love... I can't see anyone but Yoooouu! @chonchy, how is your wife doing? video

Bitcoin technical analysis

Silk Road Seized Wallets at Blockchain.info url and url I'm seeing talk this morning that the BTC sell-off may be due to this wallet being liquidated but none of the 170k coins have moved...

Bitcoin technical analysis

initially i'd say it was part profit-taking, part technical sell-off, but the latter stages were very rapid and I'd say those were stops being triggered combined with opportunistic short selling. The bounce off the lower channel TL was quite strong, ...

Bitcoin technical analysis

of course, i not speaking of i!

Bitcoin technical analysis

Same here. I put the 'd' there as per my agreement with myself to always have at least one alt count on the chart to keep me alert It's got to be an impulse or diagonal up - either will do and I'm happy to watch and learn if it will be v of 3 or ...

Bitcoin technical analysis

We're geniuses here in this thread and in possession of great comprehensive vision! If that rumble I hear is the sound of the rocket boosters kicking in then this is going to be a parabolic 5th wave up... fasten your seatbelts and roll up the ...

Bitcoin technical analysis