The fractals aren't perfect but this is maybe a possibility?  |
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you just beat me to it lol. this?  |
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Huh? trend reversal? what reversal? we've only been going up for years!
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If any exchanges are found to have connection the price will rally like mad because bitcoin withdrawals are the fastest means of getting out of the exchange.
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we may be in a wave iv but that does not mean we are any longer in a wave c, nor does it mean we will not see 1000 soon enough. we are no longer in a descending diagonal. my analysis was right, it was a simple impulsive c.
Not so. As you will know, the EW analyst has to keep all viable options open. Without getting the screenshots of charts on the go (almost 3am where I am und ich gehe gleich ins Bett), there is a strong argument for $340, being the termination of a Wave (a) of a Primary Wave 4 correction. If that is the case, then $340 - $548 would be the impulsive first leg of the corrective Wave (b), and $440 - $??? being the third wave of the corrective Wave (b), which would leave the final leg of the corrective Primary Wave 4 yet to come (i.e. eventually lower prices than $340). If Primary Wave 4 did indeed terminate at $340 as you suggest, then we have a certain type/levell of: Wave 1 $340 - $548 Wave 2 $548 - $440 Wave 3 $440 - $??? If this were the case, then Bitcoin should easily take out the remaining resistance trendline currently at around $560 in due course.....and even if Bitcoin hits $600 or even $700 +, we could still easily be in a B wave of the primary Wave 4 correction. you would have to show me the charts, I dont follow. wave C is terminated because it is not a descending diagonal and it is a simple impulsive. so from here we expect a wave V or B to retrace wave A or IV. Either suggest a wave up to around 800-5000 as long as we are above 340. I think we are in wave V according to my primary count off 339. |
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Lads we'll be @$1000+ at sometime or other. Very Nice return for us all!  Don't bank on it being as easy as all that. We are in a Wave 4 correction until we aren't and whilst we are still in a Wave 4, the market is like a rattlesnake. Just look at Bitcoin history over 2014 and try and imagine yourself in a long position at various points with 'da Moon' seeming like the logical destination only for it all to turn to vapour before your eyes. Trade with the charts and the trendlines. Don't drink Bitcoin Nutters Kool-Aid, or swallow Igor's downer pills. we may be in a wave iv but that does not mean we are any longer in a wave c, nor does it mean we will not see 1000 soon enough. we are no longer in a descending diagonal. my analysis was right, it was a simple impulsive c. |
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This seems to be the case. very bullish above 460.  |
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Yeah 1k is a pessimistic view, really little chance that we wont see 1k again.
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this lil store just opened in NZ, my place. Maybe that caused the rally  http://bitmart.co.nz/but seriously, one of these every week and we are on the way! |
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 It hardly could have taken any longer to break out from the very tip of these two points of coincidence. |
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how beautiful and yet so boring.  |
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 I imagine we are following this trend line then? |
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wow there was a large move all right!
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Everything in nature is fractal, from leaves on a tree to the clouds in the sky. The Bitcoin market is part of nature, it is controlled by a mass of human beings and is organic in nature. It is no surprise it has fractal qualities. However these fractals probably aren't very good for accurate predictions. However, there have been 3 big pump and dumps for Bitcoin, these are also likely fractal in nature, and are a good prediction there will be more large pump and dumps in the future http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/the-past-and-future-of-bitcoins-price/That cant be easily generalised. In general free market conditions, a zero sum game is always tough to make money in, fractals or no. But when fractals systems are caused by greater fundamental events, the chart begins to tell a story. If we dont know future events, the second best thing we can know is when the events that have come and gone had their net effect on the market. an unexpected fundamental event will always cause a wave, the wave will unfold in fractals, and sometimes we can see when the fractal system has terminated. 339 low was a prime example. But I thought that market values were exactly *not* a zero-sum game. Or maybe I'm misunderstanding you somewhere. Can you elaborate? there is a finite sum of USD and BTC at any given point, and although that amount may change over time, wealth is not created by printing USD or mining bitcoin. every time someone loses money on the market, somebody makes an equal amount of money on the market, and total USD and BTC in circulation remain the same. I understand, the amount of bitcoins under discussion is a zero-sum game. Ie, i give a bitcoin away means I just lost one, there's no creating bitcoins after the21millionth one is mined. However, the value of a bitcoin isn't directly tied to it's unit. The value is set by whatever someone is willing to trade for it. That seems to me to be the opposite of a zero sum game. Example: 1) I have 0btc, you have 1btc. for illustration, assume you can buy a pizza at our favorite pizzaria for 1btc 2) You send me 0.5btc. 3) I have 0.5btc, you have 0.5btc (ok, zero-sum with respect to the number of bitcoins, neither of us can afford 1 pizza) 4) ...time passes..."value" of a bitcoin doubles. (1 pizza now costs 0.5btc) 5) We now each have enough money to buy a pizza. Am I making sense or am I missing the point somewhere? no wealth is created by bitcoins rising in value. the appreciation of bitcoin would equally depreciate the value of USD. now a pizza would cost $10 + 0.001c in USD. the general poplulation of America would be paying for your pizza, although you would not notice the effect of 10bln dollars less to the economy. Your reply is timely but not very explanatory. Can you elaborate? Your reply is more like an assertion than an explanation. sorry, ill try harder. if the value of bitcoins rise all the bitcoiners will win. but because no wealth is created at any stage in the process, that means that the USD loses an equal amount of value as bitcoin has gained. however because the market cap of bitcoin is so small and the market cap of the USD is so big, it's like pissing in the ocean. there will be no effective devaluation in the USD until bicoin reaches a significant value. do you undersand that by paying for something with USD that I have saved, I am indecting USD into the economy that was not apparently there before. this is creating a surplus. when I offer labour for USD I am creating a shortage of USD. when I buy a BTC with USD I am creating a permanent surplus (as long as I do not sell it again). the more USD in circulation, the less the value of each USD. every time the bitcoiners win (bitcoin is in shortage, USD in surplus), the americans holding USD lose an equal amount of value. understand? zero sum. |
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Everything in nature is fractal, from leaves on a tree to the clouds in the sky. The Bitcoin market is part of nature, it is controlled by a mass of human beings and is organic in nature. It is no surprise it has fractal qualities. However these fractals probably aren't very good for accurate predictions. However, there have been 3 big pump and dumps for Bitcoin, these are also likely fractal in nature, and are a good prediction there will be more large pump and dumps in the future http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/the-past-and-future-of-bitcoins-price/That cant be easily generalised. In general free market conditions, a zero sum game is always tough to make money in, fractals or no. But when fractals systems are caused by greater fundamental events, the chart begins to tell a story. If we dont know future events, the second best thing we can know is when the events that have come and gone had their net effect on the market. an unexpected fundamental event will always cause a wave, the wave will unfold in fractals, and sometimes we can see when the fractal system has terminated. 339 low was a prime example. But I thought that market values were exactly *not* a zero-sum game. Or maybe I'm misunderstanding you somewhere. Can you elaborate? there is a finite sum of USD and BTC at any given point, and although that amount may change over time, wealth is not created by printing USD or mining bitcoin. every time someone loses money on the market, somebody makes an equal amount of money on the market, and total USD and BTC in circulation remain the same. I understand, the amount of bitcoins under discussion is a zero-sum game. Ie, i give a bitcoin away means I just lost one, there's no creating bitcoins after the21millionth one is mined. However, the value of a bitcoin isn't directly tied to it's unit. The value is set by whatever someone is willing to trade for it. That seems to me to be the opposite of a zero sum game. Example: 1) I have 0btc, you have 1btc. for illustration, assume you can buy a pizza at our favorite pizzaria for 1btc 2) You send me 0.5btc. 3) I have 0.5btc, you have 0.5btc (ok, zero-sum with respect to the number of bitcoins, neither of us can afford 1 pizza) 4) ...time passes..."value" of a bitcoin doubles. (1 pizza now costs 0.5btc) 5) We now each have enough money to buy a pizza. Am I making sense or am I missing the point somewhere? no wealth is created by bitcoins rising in value. the appreciation of bitcoin would equally depreciate the value of USD. now a pizza would cost $10 + 0.001c in USD. the general poplulation of America would be paying for your pizza, although you would not notice the effect of 10bln dollars less to the economy. |
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Everything in nature is fractal, from leaves on a tree to the clouds in the sky. The Bitcoin market is part of nature, it is controlled by a mass of human beings and is organic in nature. It is no surprise it has fractal qualities. However these fractals probably aren't very good for accurate predictions. However, there have been 3 big pump and dumps for Bitcoin, these are also likely fractal in nature, and are a good prediction there will be more large pump and dumps in the future http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/the-past-and-future-of-bitcoins-price/That cant be easily generalised. In general free market conditions, a zero sum game is always tough to make money in, fractals or no. But when fractals systems are caused by greater fundamental events, the chart begins to tell a story. If we dont know future events, the second best thing we can know is when the events that have come and gone had their net effect on the market. an unexpected fundamental event will always cause a wave, the wave will unfold in fractals, and sometimes we can see when the fractal system has terminated. 339 low was a prime example. But I thought that market values were exactly *not* a zero-sum game. Or maybe I'm misunderstanding you somewhere. Can you elaborate? there is a finite sum of USD and BTC at any given point, and although that amount may change over time, wealth is not created by printing USD or mining bitcoin. every time someone loses money on the market, somebody makes an equal amount of money on the market, and total USD and BTC in circulation remain the same. |
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There are over 7.1 Billion people in the World, and less than 21 million BTC. Look Out! Here come the small investors. If big money waits too long they will pay huge prices in a panic and the rally will go to even more insane levels. But unlimited altcoin. thats why altcoin are worthless. Nope. sorry, I was wrong. the market cap of infinite altcoins is worth all of your 2c |
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There are over 7.1 Billion people in the World, and less than 21 million BTC. Look Out! Here come the small investors. If big money waits too long they will pay huge prices in a panic and the rally will go to even more insane levels. But unlimited altcoin. thats why altcoin are worthless. |
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Those who believe TA is bogus probably believe fundamentals determine price. But how can one believe that fundamentals determine price and yet price does not reflect fundamentals? TA is a legit perspective of fundamentals. Furthermore price/time alongside simple laws of economics is in fact a wave system that can be described by science.
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Blind people can be trained to process a signal from a digital camera through the sensitive nerves of their tongue and in a controlled environment make their way through a room full of obstacles without collision with any of them.
the only indicator/oscillator one needs is a chart, and eyes will always serve one better than a macd will, if one trains them. the question is only discipline.
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