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venzen replied Dec 25, 2013Facts are facts: image If this were an impulse then the action following the 1200 area top cannot be a wave 2 if we are indeed looking at a triangle (abcde - each subwave being a zigzag, complex zigzag combo, a flat or another triangle). The ...
Bitcoin technical analysis
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venzen replied Dec 25, 2013Identical charts made at the same time! That's a good sign and a good luck!
Happy Xmas to you too, lady_luck. Our counts correspond exactly, and we both don't have alt counts either! Can it be that straight forward? Other than perhaps a ...Bitcoin technical analysis
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venzen replied Dec 24, 2013BTCUSD (MtGox) H4 - bigger picture I'm assigning a Primary degree to the top but it could very well be a larger Cycle degree or a lesser Intermediate degree. The speed at which Bitcoin is cycling through degrees leads me to conclude that these are ...
Bitcoin technical analysis
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venzen replied Dec 24, 2013infinitus, thanks for posting - i didn't see that article before. To be honest, I'm disappointed with EWI (for various reasons such as "Grand Supercycle") but in this case specifically on the lack of substance in that write-up about Bitcoin. Where ...
Bitcoin technical analysis
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venzen replied Dec 24, 2013BTCUSD (MtGox) H1 chart - the end is nigh Soon it will be time to stock up on Bittulips below $400. I want to take care to not pre-empt it since this last wave 5 of C can take time and we don't know what will happen near the low of wave V - it could ...
Bitcoin technical analysis
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venzen replied Dec 24, 2013hi chonchy, yeah, it's worth thinking about. I wonder if the internet can be "closed" (as in totally shut down)? Recently this happened in my country when the people shutdown a substation providing the country's internet backbone with power. 3G (via ...
Bitcoin technical analysis
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venzen replied Dec 24, 2013hi infinitus, It definitely is going to "bubble" (as much as EW makes allowance for wave 5 extremes) and then "pop" (62% retracement) in the coming year. There is money to be made to the upside and down - even down from current levels - but the ...
Bitcoin technical analysis
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venzen replied Dec 24, 2013hi KO, it's a strange thing: I've watched the MtGox orderbook before where a batch of large orders gets triggered (say to the downside) the buy price will just remain where it is and the sell price would run to upside until they're about $50 or $80 ...
Bitcoin technical analysis
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venzen replied Dec 23, 2013found another interesting article just now that indicates the PBoC Bitcoin ban may have it's roots in the country's banking sector liquidity crunch: Chinese Bitcoin Ban Driven by Chinese Banking Crisis ? url specifically:
Bitcoin technical analysis
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venzen replied Dec 23, 2013an article that shows up the irrational disdain of competing currencies as well as pointing out some very real value of cryptocurrencies: On Paul Krugman's Irrational Attack On Bitcoin url
Bitcoin technical analysis
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venzen replied Dec 23, 2013Bitcoin payments/receipts can now happen offline: Revolutionary Bitcoin Coupon Service Launches url A step in the right direction. Of course - eventually - the public ledger needs to be informed online.
Bitcoin technical analysis
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venzen replied Dec 23, 2013yes, the black count looks more likely because the red 'e' wave doesn't have 3 subwaves and it should have reversed strongly by now...
Bitcoin technical analysis
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venzen replied Dec 23, 2013The sideways action very much resembles a triangle - as it should in this 4th wave position. However, which triangle? The red count or the black count? Or something else? Assuming the black count, we have a downside target of $373 for wave 5. If ...
Bitcoin technical analysis
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venzen replied Dec 22, 2013Found this article this morning: Hong Kong mining installation... if you do something, might as well do it properly! url
Bitcoin technical analysis
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venzen replied Dec 22, 2013hi chonchy! Hope you are well. @KiwiOz has an amazingly accurate method - we shared a lot of analysis at @XTrade's XAU thread and I have noticed that KiwiOz's target calls are accurate 90% of the time! So we're lucky to have an analyst with good ...
Bitcoin technical analysis
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venzen replied Dec 22, 2013lady_luck, Thank you for the chart and explanation! one question - is the end of wave ii beyond the start of wave i ?
Bitcoin technical analysis
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venzen replied Dec 22, 2013Greetings KiwiOz and welcome! Your analysis will be a great addition here and I believe TDM (DeMark Method) should work very well with the Bitcoin chart. In my opinion the chart exhibits textbook technical adherence - apply any traditional indicator ...
Bitcoin technical analysis