"Geev us ze mahney, Lebowski!" Good Luck with the thread and indicator work.

Nihilist Forex Indicators

Greetings XTrade and friends, I thought people might be interested in the recent issuance of a Gold-backed cryptocurrency, called Independence Coin. It's effectively an experimental cryptocurrency built on the Bitcoin source code, but backed by ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Not sure why I think so, but the fact that Dell has just started accepting Bitcoin payments, could be a watershed moment with regards to the public mind's notion of "mainstream acceptance". url Also, although backing cryptocurrency with Gold makes ...

Bitcoin technical analysis

(still cannot edit)... I have to correct another statement in the post: not the MACD peak on the "far left" but the "middle left"

Bitcoin technical analysis

Somehow ForexFactory is not allowing me to edit the last post so i'll repost the chart and update here: The comment in the MACD indicator field, "this peak cleared the path for advance" should really say: the MACD peak created by the move (from the ...

Bitcoin technical analysis

Morning all, It seems we're in the next phase of advance. To my eyes, the sideways structure of the last few weeks has the pattern characteristics of a "lady_luck-One-Two"... slowly descending sideways while flattening out and then an imperceptible ...

Bitcoin technical analysis

gjgjg, I agree with your line of reasoning above. It's debatable whether or not hoarding increases value. I don't know the answer and there are logical arguments for the case that taking a limited resource out of circulation increases the value of ...

Bitcoin technical analysis

lady_luck, Hi! Great when analysis keeps true for a month, eh! Nice one Glad you're doing well.

Bitcoin technical analysis

Thanks, KO! The analysis was made easy by the rising trendline and the many .618 targets hit during the past 3 months. Glad to get confirmation of that 590 level from Mag TLs. I didn't check the level against a MagTL (I shoulda done) yet the dilemma ...

Bitcoin technical analysis

hi lady_luck! Glad to hear you're well and good luck with the relocation. Seems like the BTC rally is slowly gathering buyers into the market.

Bitcoin technical analysis

Hi KO, Yeah, and that one bidder must have paid well over market price to beat all the other well-monied contenders, but i'm wondering if the market had not risen above that bid level already... and will we ever know

Bitcoin technical analysis

Hi chonchy, thanks for dropping by. Good to see you and good luck with w*rk. Earn some dollars and come join us trading the BTC. (they say this thing is going to the M***n but we're still waiting!)

Bitcoin technical analysis

Well, this has turned out to be an underwhelming non-event.... No-one bothered to ascertain if the auction results would be made public - which it is now clear - is something the USMS never does. So, yes, the announcement was made, but only to the ...

Bitcoin technical analysis

lady_luck, Thanks for your words. As for the diamond pattern its not one that i know how to trade, but I think it has something to do with price going up like now. I'd imagine that traders and investors will be getting into the market with long ...

Bitcoin technical analysis

The jump above 600 was a surprise - i was watching the Bitfinex orderbook at the time and the move up cut through some pretty big orders (totalling more than 500BTC) so there was some determination and the market quickly showed its willingness to ...

Bitcoin technical analysis

I'm reminded of the 4th of April last year when the market anticipated the Bank of Japan announcement of several trillion Yen's worth of stimulus. Everyone knew the date and the time and how much. Everyone knew the implications and the longterm ...

Bitcoin technical analysis

KO, Agreed - that magnetic line looks like a foregone conclusion dunnit? Also, the A-B on my previous chart demands a C wave down... but I'm not betting on it in case we see a taper to the right - price just flattening out toward that same rising ...

Bitcoin technical analysis

Hi All, With all the sentiment and fear its hard to predict which way this is going to go. Rather than bet on a direction I'm going to sit it out... I imagine that even after the auction has been finalized and the winners announced, there will be ...

Bitcoin technical analysis

I think this is sensible - to let the TLs show the way - where a wave makes a channel that obeys EW, even better. But EW is not proving very reliable as a forecasting method - at least not my application of it. I see a lot of people post wave counts ...

Bitcoin technical analysis

Hi KO, Thanks for the analysis. waves 1 and 4... it depends: if it's an impulse the beams are not allowed to cross, if it's a diagonal then wave 4 must come into the price territory of wave 1. A diagonal is characterized by ABCs, so wave 1 is ABC ...

Bitcoin technical analysis