Alien, Great to see this new thread where you share your excellent method. Good Luck with it!

Alien's Extraterrestrial Visual Systems

aristotel, You raise a good point: will people spend those Bitcoins? And as you say: as the value of Bitcoin goes up , will the spending decline? I think so: as the speculative wave builds and Wall Street piles in and eventually grannies convert ...

Bitcoin technical analysis

jejeje! Un hombre con sangre Cubana! Si, verdad, te gusta el boxeo! I like the progression in the charts you posted and MACD divergence is there on every turn, eh? What concerns me is that there was not any indicator divergence above M5 on the last ...

Bitcoin technical analysis

XTrade! My good friend - glad to see you come by and visit! I am inundated with Bitcoin - heavily positioned in the physical and paper markets and awaiting a new low (or whatever low we get) in the coming days/weeks to establish a long term long ...

Bitcoin technical analysis

If the bears capitulate (ie. fear takes hold and panic selling ensues) we could see PA below $400. I base this on the lower 50period Bollinger Band (BB). But it's not guaranteed yet - there is a lot of optimism surrounding Bitcoin despite the recent ...

Bitcoin technical analysis

All i can say is "WoW". Tradingview is a great charting app site. Wish I had known about it earlier. Thank you lady_luck. You're going to see more charts from me from now on - that's for sure! Relieved to see the decline is back in progress... I had ...

Bitcoin technical analysis

hi ud1nh0 and welcome. I believe there is a consensus downside target of $373 (MtGox price) but I am being cautious and expect a double bottom at $450. If it goes lower - all the better - and I will reassess my expectation then.

Bitcoin technical analysis

Great chart! I didn't see that so clearly before! We should see a tremendous sell-off soon. I'm positioned short with a target near the start of wave C at $525. The charts from bitcoincharts.com are not cutting it for me. Is your chart from ...

Bitcoin technical analysis

massive RSI and MACD divergence on this BTCUSD high near $750. The orderbook is running up on the sell side and I see PA is failing to advance. This may well be the beginning of either wave B (of a larger triangle) or of the terminal wave 5 down. ...

Bitcoin technical analysis

Greetings from a hot island in the Andaman sea. I have to put a fan on my laptop to spare it's useful life today! Great analysis, discussions and rants! Glad to read everyone's posts over morning coffee and see the BTCUSD bouncing as strongly as it ...

Bitcoin technical analysis

Tribute to the great Nelson Mandela image How could I forget? Too busy working to pay respects? Better late than never! Thank you, Tata Mandela, and farewell. Guide us from the realm of our Ancestors. image In that spirit, everyone is free to ...

Bitcoin technical analysis

geeram, you summarize it well. Now it appears a faddish mania and stupid idea to some - perhaps because it wasn't spawned by a known-good authority with financial credentials and a name. Yet, the concept and its arrival was inevitable. The ...

Bitcoin technical analysis

hi Larry, Thoughtful post and well-observed. Yes, the drivers of Bitcoin PA do appear to be mainly fundamental, but Elliott Wave technical analysis forecasts the moves before the fundamentals are even rumours. For example, we've been in agreement ...

Bitcoin technical analysis

I am always happy to see a triangle because it conveys 3 pieces of information: 1) A triangle always appears in the wave position prior to a final move 2) The triangle's widest extremes indicate the minimum length of the wave that will thrust from ...

Bitcoin technical analysis

hi aristotel, i understood lady_luck to be refering to the MS chart not it's business plan. Maybe that's what you mean too. Tell you what, I'm trading the Bitcoin chart (long and short) because it moves clearly and with better pip-range than all the ...

Bitcoin technical analysis

i share your view, cuchuflito, and i think most members in this thread do: not a wide-eyed "Bitcoin is too kool for school" and blind to the mania building up, but viewing it as a tradable instrument with massive moves ahead - and, ok, if it ...

Bitcoin technical analysis

HI Ultimate, There should be another dip below $500 which will be a buying opportunity. Although called a "cryptocurrency", Bitcoin is not yet trading as a currency - it shows chart characteristics of a commodity like Soybeans or Gold. Although Fed ...

Bitcoin technical analysis

Hey, it's the same! ...erm, up to a point around the middle... Cesar, thanks for posting. Look at it over a long enough period and any asset/commodity is a bubble. Have a look at the Coffee or Oil charts and you'll see several chart formations like ...

Bitcoin technical analysis

emptymind, that's uncanny, we both have a chart with wave B top left! But our counts differ - I expect more wave action for wave 4 and you have wave 5 of 3 unfolding now - I think our wave degrees differ... This is a good variation to have since no ...

Bitcoin technical analysis