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Title: Logarithmic, Cyclic, and Elliot Analysis Post by: BTCThousandaire on May 13, 2013, 02:24:41 AM I analysed Bitcoin over the last 4 years logarithmically and I saw 2 cycles: a 7 month cycle and a 5 day cycle.
The last 7 month cycle started at the low around Jan 15 2013, the next 7 month cycle will start in August. The last 5 day cycle was the low starting today(May 12), and the next high will be May 15. I noticed that this cycle can be broken down so far into two 5-3-5 Elliot waves from about Jan 15 to Mar 15(Corrective wave starting Mar 7), and then from Mar 15 to Apr 10(putting us in the corrective wave) Either this corrective wave will last until August or it is leading to Wave 3 which will be bigger than Wave 1. I think the latter is a little more likely given the news and adoption rate. A third option is the 2 5-3-5 waves are wave 1 and 3 of a bigger wave leaving wave 5 to continue until August. Also, taking the logarithmic average finds the stabilizing point very nicely. The first wave sequence didn't correct so the starting point for the most recent rally was 50 which makes the log average 110 which is incredibly close to where it is stabilizing now. This has worked for other waves when they corrected for Bitcoin in previous cycles. Just thought I'd share this and see if anyone else can confirm this or do further analysis to share. Title: Re: Logarithmic, Cyclic, and Elliot Analysis Post by: BitcoinAshley on May 13, 2013, 03:20:47 AM *Brain explodes*
Nice finds. I wish I knew enough about TA to add something insightful. Title: Re: Logarithmic, Cyclic, and Elliot Analysis Post by: wobber on May 13, 2013, 03:24:43 AM I analysed Bitcoin over the last 4 years logarithmically and I saw 2 cycles: a 7 month cycle and a 5 day cycle. The last 7 month cycle started at the low around Jan 15 2013, the next 7 month cycle will start in August. The last 5 day cycle was the low starting today(May 12), an the next high will be May 15. I noticed that this cycle can be broken down so far into two 5-3-5 Elliot waves from about Jan 15 to Mar 15(Corrective wave starting Mar 7), and then from Mar 15 to Apr 10(putting us in the corrective wave) Either this corrective wave will last until August or it is leading to Wave 3 which will be bigger than Wave 1. I think the latter is a little more likely given the news and adoption rate. A third option is the 2 5-3-5 waves are wave 1 and 3 of a bigger wave leaving wave 5 to continue until August. Also, taking the logarithmic average finds the stabilizing point very nicely. The first wave sequence didn't correct so the starting point for the most recent rally was 50 which makes the log average 110 which is incredibly close to where it is stabilizing now. This has worked for other waves when the corrected for Bitcoin in previous cycles. Just thought I'd share this and see if anyone else can confirm this or do further analysis to share. Great! but what are the targets? Title: Re: Logarithmic, Cyclic, and Elliot Analysis Post by: BTCThousandaire on May 13, 2013, 03:46:49 AM Based on previous log distances for waves the targets are 350 to 440 if it goes up in a wave 3 or 5. If it is flat the target is 110. The target for the August rally is 650 or if it is smaller then 350 at that point.
Title: Re: Logarithmic, Cyclic, and Elliot Analysis Post by: SkRRJyTC on May 13, 2013, 02:09:21 PM Based on previous log distances for waves the targets are 350 to 440 if it goes up in a wave 3 or 5. If it is flat the target is 110. The target for the August rally is 650 or if it is smaller then 350 at that point. Pictures man, we need pictures! Title: Re: Logarithmic, Cyclic, and Elliot Analysis Post by: zachcope on May 13, 2013, 03:56:04 PM http://i.imgflip.com/1hcz1.jpg (http://imgflip.com/i/1hcz1)via Imgflip Meme Maker (http://imgflip.com/memegenerator)
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