Hi KiwiOz, if i may direct you towards BTC China's chart it is the most straightforward and easy to understand. the chart shows it is a flat correction with an internal structure of 3-3-5. image image just a reminder... bitcoin is in an extended ...

Bitcoin technical analysis

i agree with you regarding prolonged sideways action but only after the market reach cycle degree wave III (5K-10K).... just by looking at the channel lines it is clear wave IV will take around 11 months which is longer than any other correction ...

Bitcoin technical analysis

market took out 2 long term downtrend lines within days of each other. market saying the sky is the limit bros image

Bitcoin technical analysis

there are only a few wave labels left before the market reaches cycle degree III. cycle wave III must also be atleast equal in size to cycle wave I. the market has to move quickly and with minimum corrections all the way to wave (3) and must cover ...

Bitcoin technical analysis

i compared bitcoin and gold but they don't seem to be correlated; at most inversely correlated near bitcoin tops, but not in all cases. i believe it will never really correlate with other financial instruments... bitcoin is meant to function outside ...

Bitcoin technical analysis

i read all your posts bro! you are one of the few people on here with a no-nonsense approach to market analysis image

Bitcoin technical analysis

it's really a pity almost nobody is long . i feel most of you are on the sidelines or short......... too bad bros you're going to miss out on a new ATH within days after wave 4 ends.... that's my best read on the market.

Bitcoin technical analysis

thank you KiwiOz... just to inform you, this is a normal wave 4 correction so 595 or whatever the recent wave 3 high will be taken out without any effort. the market only retraced 23.6% which is a sign of a strong market (not the usual 38.2% - 50% ...

Bitcoin technical analysis

hi venzen, it's just a normal wave 4 correction. no worries... might retrace 23.6% of wave 3. i see no reason to "panic" image

Bitcoin technical analysis

indeed......... the charts show signs of hint of an early phase transition in the making. im sure it will become obvious in the coming weeks. time is on our side bro

Bitcoin technical analysis

Hello KiwiOz, do any targets appear above 1163? i'm interested where might wave (3) end. thanks bro

Bitcoin technical analysis

don't worry venzen, once the market climbs this wall of worry and moves towards 1163 volume will surge. i wouldn't worry about indicators they are all lagging and total waste of time imo

Bitcoin technical analysis

wave (3) could take out the top at 1163 make sure you are long bros image

Bitcoin technical analysis

we are due 1 more phase transition before it needs to consolidate its gains and move sideways for wave IV. i hope it's clear... nothing is new; we discussed it before... image

Bitcoin technical analysis

bros you shouldn't trade during a phase transition. that's when you get the most gains in the shortest amount of time. my humble advice is to hold. it was a good idea to trade during the correction but if you do trade now you risk losing your ...

Bitcoin technical analysis

Hello KiwiOz, looks good bro! any targets north of here is good in my book image daily bitstamp

Bitcoin technical analysis

it is normal wave 4 PA and has a long way to go bros; relax and enjoy the never ending move... you both sound like you're talking about ripple

Bitcoin technical analysis

image off-topic: venzen, how is the situation on the ground in bangkok? is there really a curfew at 10pm? is it dangerous to visit? thanks

Bitcoin technical analysis

i just want to say that a cash market (bitstamp) carries more weight than a leveraged market (btce) example, in the "real" world, if there is conflicting signals or counts you take the spx cash market over the e-mini i also have more faith in cycles ...

Bitcoin technical analysis

Hi, check this article it's worth reading... url

Bitcoin technical analysis