2012-2013-bitcoin-price-analysis-end-of-one-year-circle

[vssa]

The price analysis based on my personal observation and participation in the Bitcoin market since march 2011 from the perspective point of trading technique explained in "Trading Chaos by Bill Williams" book.

http://www.btcwallet.org/?p=1721

[lucif]

This EW count doesnt seem to be correct. You have truncated waves everywhere. This is more crunch rather than EW count.

However you correctly noticed bearish volume divergence.

[smoothie]

This EW count doesnt seem to be correct. You have truncated waves everywhere. This is more crunch rather than EW count.

However you correctly noticed bearish volume divergence.

BINGO!

[hamdi]

i only trust my feelings.

[smoothie]

i only trust my feelings.

Someone get this guy a jolt of caffeine so he gets jittery and feels the need to push A button.

[lucif]

Fuck the just feellings. Indicators must make the feeling.

[gmg]

Isn't the labelling of wave 4 violating EW count guidelines in that Wave C should end lower than Wave A? Also, if we're indeed currently on a Wave 5, shouldn't this end higher than the top of Wave 3 (above $15)?

Another interpretation is that we're still in Wave B, which is subdividing a (where you've put A), b (where you've put B), c (where you've put 5). This would still explain the declining volume now and would suggest that we're about to top and start down Wave C, which will take prices below $8 in a few months.

[RyNinDaCleM]

Isn't the labelling of wave 4 violating EW count guidelines in that Wave C should end lower than Wave A? Also, if we're indeed currently on a Wave 5, shouldn't this end higher than the top of Wave 3 (above $15)?

Another interpretation is that we're still in Wave B, which is subdividing a (where you've put A), b (where you've put B), c (where you've put 5). This would still explain the declining volume now and would suggest that we're about to top and start down Wave C, which will take prices below $8 in a few months.

This is correct! A failed C-wave usually only happens in a wave-2 since eager bulls can't wait to get wave-3 under way. But then to be immediately followed by a failed (truncated) 5th just doesn't happen without serious fundamental changes.