Topic: Yet another analyst :) - page 90. (Read 269580 times)

time to put buy orders at 50 or at 40 

Breaking.

Crazy bull EW count mode: ON
Parabolic rise mode: ON

Very good thread, excellent analysis. I see you put a lot of time and effort into your work, and I hope the people who enjoy it and learn from it are kind enough to tip or at least give thanks!

I would love to do TA on Bitcoin with this sort of attention to detail, but the lack of charting software comparable to professional day-trading platforms and the fact that Bitcoin trading/exchanges completely lack leverage I've never been able to divert so much attention to it (gains to be had in traditional futures and FOREX are simply way bigger). And I think that's what makes your work even more worthy of praise. I think you've broken a lot of ground here and have only just begun unraveling the mysteries and complexities of bitcoin TA -- and for that I must applaud you, sir!  

At this point I've sold my coin and withdrawn from the mix, because these vertical/parabolic explosions never end well, and I fear the gig will soon be up. But I will, of course, welcome a deep correction with open arms. It will be great for things to settle down again and see the community focusing on the growth of the underlying bitconomy -- new bitcoin businesses, new services, new products, new software. Those are the things that makes bitcoin grow, whereas huge influxes of speculative dollars create levels of explosive volatility that are counter-productive [to the goal of having a ubiquitous international currency]. Speculation is a lot like sugar... sugar is good, sugar is sweet and we all enjoy a little sugar... but if you eat 2lbs of it per day for two months straight it will eventually get ugly (and so will you lol).

It's still a too early to call, but we may have a head & shoulders growing on the charts. I'll be interested to see if it forms a full neck-line in the coming days, or if it decides to explode upward toward $100 before people start panicking. In any case, the psychology at play here is incredibly interesting and I'm keeping tabs on the hourly chart.  

Regards,

--ATC--

We will see soon coz adx starting new round.

My bet is up (and I'm sure) :-)

Actually hourly chart is full of negative divergences on primary oscillators. And price continues to bump its head on upper green trend resistance. Break or fall? Wave 3 should not be the shortest...

Oops. I hate when that happens.

Sure it looks like wedge, as 10th times before. It still can break down and continue trace green channel. But even its bottom is in my TP zone. I think it will break green top line, as 10th times before. Even otherwise I will not be too sad =)

maybe you're holding the internet upside down?

This was my turn point when price broke 50 new count became obvious.

what confuses me is the count on the last stretch then. if the last correction was a 4, why you count the spike before as a 1 and the correction itself as a 2??? shouldnt this new spike be the i of 5 then?

EDIT: OK, i think i see it now... the 4 is the correction from $49... sorry, was misinterpreting the position of the numbers. :p

I was bitten by S3052 lol

60% of longs out at 79   but i have no problem jumping in for a spike





how much u bet on a rising wedge ?

Lets get nuts!

This is the last, 5th wave off 9.77 low. Crazy vertical stuff, happens only once per years.

still have a doubt though, how you are interpreting the elliotcount from the january 2012 rally?

Could you pist a long term count?yl

Who knows? Maybe Lucif is a wealthy Russian elite, and the Cypriot fuckup has impacted him personally.

bull juice is strong stuff when you mix it with vodka :p

I was out of sync with wave 3 off 9.77 low, learning price behavior.

You can only swim against the current for so long