For me it's OK to sit out a retracement - that's honestly what I'm hoping for - so i can salvage some value from those coins I sold lower down. But I so resent it when I miss a big move in the direction of trend. I am disappointed because there are ...

Bitcoin technical analysis

arbitrage seems pointless if waiting for coin transfer takes away the opportunity. Unless something very obvious becomes apparent I'm going to stick with BTC-e trade for now. Thanks for sharing that. I am surprised by this PA. Yes, I mean the ATH ...

Bitcoin technical analysis

hi lady_luck, There's no indicator room left for price to continue upwards... Not sure we're going to get much of a correction which is a pity because my strategy to load up at lower levels is kind of ruined. Anyway, I'll just get in at whatever ...

Bitcoin technical analysis

Strange isn't it? Kinda clunky, but i like it... Bitcoin chart moves so slowly that it's generally easy to spot a move weeks and days in advance. Not sure it's going to remain that easy for long, but i'd say (after the current correction) the ...

Bitcoin technical analysis

hi lady_luck and KiwiOz, I'm always logged in but not necessarily at my workstation. Saw the conversation just now, so will try to confirm: Yeah, KO, all the exchanges are open 24/7 - no retailer clamping or weekend fiddling like the forex/stock ...

Bitcoin technical analysis

Its difficult from everywhere, my friend. Seems the Europeans have it easier. If I wasn't earning Bitcoins I don't know how I'd be able to participate because I am between countries and out of the banking net. Anyway, no need to buy a lot - buy as ...

Bitcoin technical analysis

you see, that's why i ask, because the discussion shows me some things i might not have thought about. With Gold I wasted a lot of capital getting my initial entries stopped out - only for price to return and go in my direction anyway, so i began ...

Bitcoin technical analysis

funny you post that while i'm devising a strategy based on the upside expectation. I saw those figures yesterday - those are some large upside figures - seeing is believing but I i think $10,000 is achievable. The Winklevos brothers advocate ...

Bitcoin technical analysis

no, don't worry about that - i have my method but i'm interested in your analysis because sometimes I get so busy on other things that I miss important technical signals. Thanks for explaining yourself so clearly with many charts. I wonder what you ...

Bitcoin technical analysis

here's the output of the arbitrage code I mentioned to mfoste1 earlier - if anyone understands what this means please explain! The first exchange price in each line is realtime (i verified this on the charts) but the 2nd exchange price seems to be ...

Bitcoin technical analysis

chonchy, you lost me there... what technicals makes you think trend is going back up?

Bitcoin technical analysis

I posted a long writeup here and on submitting it disappeared - I would like to get it back but the "edit history" seems to have disappeared from FF! Any ideas? Why Krugman is a Luddite In his latest piece of reactionary hogwash, "Bitcoin is Evil", ...

Bitcoin technical analysis

I agree - there is no other pair that unfolds as clearly and adheres to technicals as well as Bitcoin. I am surprised that we are only a handful of traders in a little corner of FF who can see this - not that it's difficult to look at a chart and ...

Bitcoin technical analysis

yes, that's right: 3wave moves are always labelled a-b-c and 5 wave moves 1-2-3-4-5. in the impulsive 5wave DNA, wave 2 and 4 are corrective in function so they are counted a-b-c (usually wave 2) or a-b-c-d-e (wave 4 is usually a triangle) When you ...

Bitcoin technical analysis

the Good, the Bad and the Ugly (and Coinye West) Bloomberg: Hedge fund seeks Junior Bitcoin Trader url Opinion Piece: Statistics Chief at China’s Central Bank Bearish on Bitcoin url Why economists are right to hate Bitcoin url BBC News - Kanye ...

Bitcoin technical analysis

BTCUSD M15 (BTC-e) Until that lower TL is convincingly broken we cannot be sure the upside wave is complete - it counts out 5 waves allright, but there is still a chance it can develop into a larger structure to 864. For now, the initial waves do ...

Bitcoin technical analysis

a leading diagonal in Silver, June to Aug 2013: this may be what we're witnessing in BTC since Dec 2013... (notice also the extended 5th wave of wave C - this is a characteristic 5th wave in commodities) image

Bitcoin technical analysis

goxtool (linked in my previous post) can do that - check out the github repo site - especially the link to the documentation and read up about the "strategy" modules. You can put your ML code in there and it will have direct access to the API price ...

Bitcoin technical analysis

lady_luck, if you use 1-2-3-4-5 (or i-ii-iii-iv-v) labelling then it must always conclude on 5 (or v) at the wave apex. If you count 3 wave structures they're always labelled A-B-C (or a-b-c) the structure is either a leading diagonal or a triangle. ...

Bitcoin technical analysis

M1 - the depth of retracement of the wave labeled 'b' makes me think it cannot be a wave 2, therefore I expect another push to new highs - unless we can get strong downside action. image

Bitcoin technical analysis