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venzen replied Dec 18, 2013I know what: stay up until dawn counting waves - why sleep? The first longer term shart shows an overview of the diagonal count I've been talking about as well as some key levels. The second chart has details of the recent decline. Apologies, I know ...
Bitcoin technical analysis
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venzen replied Dec 18, 2013Hi all, Really busy today and just posting to say that I expect an additional low. Not 100% convinced but there is a 5th wave still outstanding IMO and RSI/MACD indicate the possibility of another low as well as overbought (and massively ...
Bitcoin technical analysis
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venzen replied Dec 18, 2013hi lady_luck, yes, i notice that and there are a few ways of counting that - all valid. my own interpretation is that this is a diagonal decline - what we've been calling "wave C" (which is always 5 waves) may not be aregular impulse but a diagonal ...
Bitcoin technical analysis
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venzen replied Dec 18, 2013hi PC and welcome. Good analysis - you were bang on with that call

Bitcoin technical analysis
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venzen replied Dec 18, 2013Hi all, Wow! Relentless sell-off!
We knew it was coming and the news about China banning Yuan deposits to Bitcoin exchanges was the catalyst. Funny how EW forecast strong lows and then the event transpired. It was going to happen anyway, but ...Bitcoin technical analysis
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venzen replied Dec 18, 2013news dump for the day so far US Treasury cautions Bitcoin businesses on legal duties url 18 Dec 2013 Bitcoin tumbles following increased Chinese regulation url 18 Dec 2013 Public warned against dangers of Bitcoin url 18 Dec 2013 Bitcoin value ...
Bitcoin technical analysis
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venzen replied Dec 17, 2013Indeed, seems China is scared, like all governments, of this exploding currency they cannot control. More so, the ability it gives people to move money under the radar - as this short article points out: url I guess the US authorities, who stand ...
Bitcoin technical analysis
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venzen replied Dec 17, 2013The plot thickens: BTC China have released their own translation of the PBOC meeting and the angle is different. Chinese authorities are clearly concerned about the interest in Bitcoin and it's threat to official currency, Renminbi. Here's the ...
Bitcoin technical analysis
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venzen replied Dec 17, 2013People’s Bank of China told more than 10 third-party payment service providers yesterday not to give clearing services to online Bitcoin exchanges url image
Bitcoin technical analysis
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venzen replied Dec 17, 2013Hi everybody and good trading day to you! I see some new members: Catcher777, Ganesh, welcome. BTC price is unfolding as we all foresaw it. That's great confirmation of our analysis and wave counts. Thanks everyone for sharing their charts and ...
Bitcoin technical analysis
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venzen replied Dec 17, 2013hi Ganesh, BTC-e seems to be the common exchange and they can be accessed via MT4 platform. I see lady_luck has a different looking chart - not sure about the platform. Also, there are various Open Source platforms available for using Mt.Gox and ...
Bitcoin technical analysis
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venzen replied Dec 17, 2013KCV, Thanks for the well-wishes and same for you! No need to trade to post here. As long as it's Bitcoin related it's relevant. Discussion about mining and alternate coins is welcome because it's interesting and our brains need stimulation.

Bitcoin technical analysis
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venzen replied Dec 16, 2013BTC: 2012 till present XAU: 1800 till present image
Bitcoin technical analysis
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venzen replied Dec 16, 2013lady_luck, Thanks for your kind words. With EW it's always about seeing the potentials (both bullish and bearish) that exist at any given time. It's easy to see a pattern that's not there and "force" a count but that's what the wisdom of always ...
Bitcoin technical analysis
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venzen replied Dec 16, 2013aristotel, Thank you for your respectful reply - in that spirit you are always welcome here. I think I was so busy being defensive against frequent abuse we take here over Bitcoin that I didn't pick up on the humour

Bitcoin technical analysis
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venzen replied Dec 16, 2013What the arrival of Bitcoin means for society, politics and you url Vires in Numeris, people. Vires in Numeris
Bitcoin technical analysis
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venzen replied Dec 16, 2013i understand what you're saying - good EW sense, BTW
The failure to drop with conviction (as we know downward C waves to do) was worrying me also... there is really a lot of buying happening anywhere below 900 and the bears just can't tear it ...Bitcoin technical analysis