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Bitcoin technical analysis

wave 3 wants to extend....... stealth bull market image im ignoring btc-e and gox. every exchange has own personality and each one has different way of ending the C wave but i believe they are all in sync. bitstamp isn't late or anything. it just ...

Bitcoin technical analysis

image i found a little fractal copy of the larger pattern. what do you think

Bitcoin technical analysis

image If a normal wave 3 is underway.............. it should be around 161.8% of wave 1 which is 872.9. If wave 3 exceeds this level then it is extending. gox is like hotel california: you can check out anytime you like, but you can never leave.

Bitcoin technical analysis

someone please pull the plug on gox. shoot it in the head. enough is enough L_L i get it now.... triangles are allowed in wave 2s but not as a whole. could be a wave B or X..... the C wave was an expanding diagonal on bitstamp? wave 1234 were ...

Bitcoin technical analysis

bitstamp image

Bitcoin technical analysis

if your red arrows for gold come true then comex would have to shutdown because there would be no physical gold available for delivery...... gold will instantly revalue to 50,000 per ounce for physical only. great! i hope it will happen soon. all ...

Bitcoin technical analysis

url NO! url NO!

Bitcoin technical analysis

gox giving hint bitcoin correction is over............. image so far the strongest chart is bitstamp because wave C only retraced 61.8% of A which is very bullish........

Bitcoin technical analysis

wave 2 can trade sideways for some time if market wants to... usually wave 3 is 161.8% of wave 1 so if the low is in place my target for wave 3 is (720-530)*1.618+631.58=939 bitstamp........... close to your blue line 860 target

Bitcoin technical analysis

What happens after an ABC correction? look for the first tiny impulse wave. wave 1. im doing bitstamp now. gox is unreliable because of coins/cash going in but nothing go out!!!! wave 2 usually retrace 50% to 61.8%..... 61 is more common image ...

Bitcoin technical analysis

i leave the big picture to venzen.... all i know is the correction is nearly over whatever the degree or position on that reference chart

Bitcoin technical analysis

image according to venzen the red arrow points to where the market is at the moment ....look back on page 9 for the chart. im not good at long term view. i get confused by all the degrees involved

Bitcoin technical analysis

btc-e 102 wave C is EXACTLY 161.8% of wave A this confirms wave A is a diagonal (12345)

Bitcoin technical analysis

could gox be running a fractional reserve banking with bitcoin? example: giving 100,000 bitcoins to some third party but as long as depositors do not all withdraw their coins at once then everything is ok but if everyone is doing bank run then gox ...

Bitcoin technical analysis

irregular flat???? Wave 4 could be an irregular flat where wave b goes beyond a............ but if wave 4 was super weak then my target for the end of wave C is: 700 - (1038.2 - 622.42)*.618 = 443.04796 (BUY WITH BOTH HANDS!) image that is one ...

Bitcoin technical analysis

from a practical point of view just look for the lowest price (.01 in your chart) and start applying the ew rules. that's where the new cycle starts. it doesn't matter what happened before that because markets often "reset" and just do something new ...

Bitcoin technical analysis

yes sir. counting gox. i was heavily influenced by kiwioz chart of gold. the reason i feel strongly the recent bottom is a wave 3 is because it is 261.8% of wave 1 almost exactly. i see this in a lot of C waves....... about L_L's optimistic chart, ...

Bitcoin technical analysis

image looks like we are close to bottom. some kind of ending diagonal for wave 5 of 3.......... i would buy once it free itself from this diagonal. expecting a 38.2% minimum retracement for wave 4...... ~~~ 760 to 800 (50% retrace)

Bitcoin technical analysis

image thanks,,. your comment appears under my post so i thanks! i encourage you to post your count. make as much mistakes as you can (just like me!) this way you will soon get the hang of it faster. if you can count to 5 and know your abc's you ...

Bitcoin technical analysis