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    • emptymind replied Jan 28, 2014

      110 was an error.... i am sticking to 65 because that is where wave 4 is. the cycle of 12345 followed by abc usually corrects back to wave 4 of a degree lower. that is the natural support......... unless you can show me 65 isn't where wave ...

      Bitcoin technical analysis
    • emptymind replied Jan 28, 2014

      markets are full of wxy. it is just a more easy way of labeling. you get these combination corrections. example: w can be a zigzag; wave x can be a flat; wave y can be another flat or even a triangle.... it just has to make sense. im expecting wave ...

      Bitcoin technical analysis
    • emptymind replied Jan 28, 2014

      well, they are using the paper markets to drive down the price of gold to buy physical cheaply. it is physical possession they are after and only physical gold matters. you will wake up one sunday and hear news that comex defaults and shutdown and ...

      Bitcoin technical analysis
    • emptymind replied Jan 27, 2014

      my undrestanding is the rule of alternation is not a rule but a guideline. how about wave 2 being an extreme deep correction and wave 4 in comparison wasn't as deep so you have deep correction vs shallow. there's your alternation? .... in my ...

      Bitcoin technical analysis
    • emptymind replied Jan 27, 2014

      the only rule is wave 3 must not be the shortest. wave 1 is around 30 points and wave 3 about 260 points .....imo, wave 5 is already done because it is more than 4 times the length of wave 1 to 3. it doesn't seem realistic that (1242) was only wave ...

      Bitcoin technical analysis
    • emptymind replied Jan 19, 2014

      i don't know... that a rule or guideline? if we can see 5 waves thats all that is required, no? market traded below my wave 4. we can't have wave 5 drop below 4....; unless you're saying my wave 4 labeling is wrong? ok bye im just expecting wave 1 ...

      Bitcoin technical analysis
    • emptymind replied Jan 19, 2014

      doesn't look like diagonal... normal 5 waves wave 4 behhaving normally.. 38.2% retracement image wave 5 target = 948.60 (936.95 - 902.01) * .618 +927.01 edit----------- market touched 941;;; good enough for wave 5 recalc using .382 (936.95 - ...

      Bitcoin technical analysis
    • emptymind replied Jan 8, 2014

      never heard of such diagonals. i just try to follow normal wave labeling. i think market is in wave 2 correction at this time. we should expect 61.8% retracement; 700ish? my opnion is buy bitcoins anytime you can at these levels. doesn't matter at ...

      Bitcoin technical analysis
    • emptymind replied Jan 8, 2014

      yes i understand the original wave 4 hasn't been invalidated yet but it was too deep for a wave 4 correction. it just looks wrong plus i don't like it when wave 4 gets out of the channel.... i found a mini fractal version of the whole larger ...

      Bitcoin technical analysis