Hi All, The following chart shows the decline near completion or completed already. image A log-scale long-term chart of Bitstamp showing the 3-year role of that yellow S&R. If the channel lines hold then the upside makes the past 10 months of ...

Bitcoin technical analysis

Well, KiwiOz, enjoy the time away. I just found EW confirmation today of that $205 target - why I didn't see it before I dunno (maybe i saw but didn't want to believe, eh?) image Here's the Mt.Gox history that shows that wave I structure: image

Bitcoin technical analysis

tostaky06, the readership is big and growing... eventually, I'm going to have to come clean that I'm actually posting KiwiOz's analysis - just modified to Fib extensions ! I did start building a position in late August in the $490s... Thing with ...

Bitcoin technical analysis

Thanks for the complement, gjgjg - you know it's esoteric market forces choosing to work through me, and not my own doing, right? I've got some Scottish friends who'd love that (Bitcoin national currency) but there are too few whiskey shops that ...

Bitcoin technical analysis

Hi KO, You've probably seen me touting $420 and $550 in analysis. The $10 difference in our targets must be the slight variation between Bitstamp and BTC-e PA... Those downside targets ($330 and $220) would be so great to get in at a discount - I've ...

Bitcoin technical analysis

KiwiOz, i'm not saying "Never" - more lows can certainly happen - but I believe that reversal to the upside is already underway. Looking at the historical corrections, there are many instances where the decline low did not reach the last downside ...

Bitcoin technical analysis

chonchy, KO, L_L, smartypants, Kingsway, Ramses, gjgjg - glad to see you're all still here! mrjohnn, welcome. chonchy, what are your MAs saying at the H4 and Daily?

Bitcoin technical analysis

Greetings to the thread, I've been absent, like most of you, waiting for the Bitcoin market to show its hand. Range has narrowed to almost 2 weeks of sideways action between $460 and $490 (Stamp and Finex). I believe the rest of you also have a ...

Bitcoin technical analysis

Hi again KO, Looking at your magnetic TL targets all the way down to the 300s I must say I wish it wasn't this way... However, there is no reason why not. Somehow the buy-and-hold dream of a spectacular rally keeps being delayed. Why should Bitcoin ...

Bitcoin technical analysis

this could be the bottom- but it could also be a correction setting up the next wave's channel down, so let's wait for price to get above 590 and then attempt 610. KO has a massive decline projected, and his magnetic trendlines are rarely wrong...

Bitcoin technical analysis

tostaky, I agree with your thoughts about Freedom and progress, but consider what KiwiOz is saying from a currency point of view - he may have a rationale - why don't you ask him how and why. Look at Ecuador now - creating their own cryptocurrency, ...

Bitcoin technical analysis

KO, you're seeing some major downside here, and I can't say you're wrong, but there seems to be upside left in the stochastics (top) on this Bitstamp hourly... they always go to 100 before resuming down again.... not sure if it'll climb out of the ...

Bitcoin technical analysis

KO, thanks for this - I was wondering what your take on the decline was. To me it looks like the previous low was the end of the decline, with today's low an irregular B-wave making a lower low. Anyhow, whatever the count, the wave up is quite ...

Bitcoin technical analysis

He's around

Bitcoin technical analysis

tostaky06, no problem about the altcoins - the thread rules allow it. Nothing is off-topic if its cryptocurrency, and the range for posting about other topics is wide - as long as there is some relation. BTW - some people think altcoins are ...

Bitcoin technical analysis

Yeah, it seems counter-intuitive that the govt should centralize control of a decentralized crypto-currency, doesn't it? Anyhow, I think the experiment will be interesting and worth watching. Pity that they make this progressive move at the cost of ...

Bitcoin technical analysis

Ah, EW analysis... Like the charts and counts. Have you also noticed how BTC (and the rest) regularly end a flat (and expanded flat) with a three-wave move? (as opposed to a C wave with five subwaves) ?

Bitcoin technical analysis

Hi KiwiOz, I really was hoping $590 would hold (Bitfinex and Bitstamp) but, alas, $577 on the bfx chart this morning... I also see that $525 at the 2.618 fib of wave A.... please, please, please no....

Bitcoin technical analysis

Hi Ramses, good to see you again! Indeed, the altcoin market is hopping with volatility. Vericoin is a mover for sure - noticing the name more and more. Never heard of cloakcoin and will check it out... Good Luck and don't be scarce.

Bitcoin technical analysis

chonchy, Scott, Glad to cross paths with you both today. I hope to be posting here soon. Just waiting for the right moment in the market. Good Luck with all life's goings on - speak again soon

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