The European Banking Authority will on Friday issue a statement warning of the risk of "violent fluctuations in electronic currencies" value, the danger of "digital wallets" being hacked, and of the lack of legal protections for users. url

Bitcoin technical analysis

emptymind, agreed - a textbook triangle for wave b - and now wave c seems complete up to 950 (may go higher still nearer 1000). A decisive turn down and back below 900 from here would inspire confidence of more downside.

Bitcoin technical analysis

i haven't looked at the thread for several hours and now have to call it a day. Will respond tomorrow. (about BTC-e - i saw an article today where they say they are shortstaffed due to overwhelming number of new members... hmm... good excuse... but ...

Bitcoin technical analysis

chonchy, the more I am dealing with this, day after day, the more I am seeing the implications: this thing (crypto-currency) is changing the world - the genie is out the bottle and can't go back. I am realizing this: Right now, no-one actually needs ...

Bitcoin technical analysis

Unmistakable triangle - look at the 3 wave zigzags swinging between the upper and lower TLs... small note (but important): a triangle's TLs are drawn across the highs and low extremes like you've done - but that lowest point on your chart is not ...

Bitcoin technical analysis

Infinitus, how are you? no probs infinitus, I'm not infatuated with this instrument. I agree, regular or extended 5th waves are the stomping ground of manias, and this one is going to be big, i mean a global mania, not just restricted to Holland ...

Bitcoin technical analysis

you mean the Elliott Wave counts? EW counting is a means of identifying wave 'types' according to a list of rules & guidelines for the 5 elemental waves we see on our charts: impulse, diagonal, triangle, zigzag and flat. Motive waves (in the ...

Bitcoin technical analysis

hi emptymind, Thanks for posting. Your count seems plausible yet I am not sure about the wave you labeled (v) because there is a lot of choppy overlap in there which is more characteristic of a B wave - but let's see - it may well be the case that ...

Bitcoin technical analysis

i was lucky with that call!

Bitcoin technical analysis

Dump of Bitcoin related news from the past 3 hours: some good, some bad, some ugly - scan the list to get an idea of sentiment and open (in browser tabs) the one or two that catch your eye: New York Bitcoin Fund raises 65m in two months - operation ...

Bitcoin technical analysis

not sure, but i think what's going on is that the market wants to buy in lower so people don't mind to sell - as long as they feel there is a downtrend. Surely they don't want to buy in near the psych level of 1000, so when PA did not advance beyond ...

Bitcoin technical analysis

nice chart, chonchy, i think it's quite clear there: support around the low 800s and a bounce...

Bitcoin technical analysis

Heavy Sell-off in progress - BTCUSD dropped away from $1000 like something heavy - busted through $950 and sell orders piling up below. Panic selling most likely with some "buy on the dip" buyers stepping in front of the freight train bound south. ...

Bitcoin technical analysis

BTCUSD EW analysis Judging from media coverage, positive sentiment and public acceptance seems to imply that Bitcoin should sky-rocket right now. However, the fundamentals are murky, since there are a lot of regulatory statements being made at ...

Bitcoin technical analysis

morning chonchy, in EW terms there are 5 price patterns: motive (trending): impulse & diagonal => internally these have 5 subwaves corrective: triangle, zigzag and a flat (skew zigzag) => internally, the traingle has 5 overlapping subwaves; zigzag ...

Bitcoin technical analysis

Why China’s Central Bank Took the Regulatory Lead on Bitcoin url summary: - scared of threat to Yuan if Bitcoin allowed to circulate in the financial sphere - would overstep their authority if they outright ban it - acknowledge Bitcoin as a ...

Bitcoin technical analysis

JPMorgan files patent for payment system that sounds exactly like Bitcoin (but makes no mention of Bitcoin) url

Bitcoin technical analysis

Korea Regulators reject Bitcoin as a legitimate currency url just released... let's see what effect it has (and when).

Bitcoin technical analysis

hi Tom_d, It's not too late because there is still a lot of water has to flow into the sea with the crypto-currencies. Eventually they will replace fiat - it might nor be Bitcoin - but public-ledger, decentralised encrypted currency is clearly the ...

Bitcoin technical analysis

Hi chonchy! Thanks for the charts. I've been keeping an eye on them inbetween tasks. What's your forecast - over $1000 soon or consolidate below? I notice it's Bitcoin fever with the general pouplation now. So that would imply advance. Perhaps ...

Bitcoin technical analysis