Ni6HTH4wK

Ni6HTH4wK

As shown in RSI, this here is an epic buying opportunity. BFX has already taken off and LTC/BTC has taken a major plunge. Good luck and see you at $700!

Ni6HTH4wK

Got bored... Not much happening right now. China trying to pump, the west is ignoring them. Potential for some up right here due to triangle but... watch out, that edge is slippery. =D

Ni6HTH4wK

We might be here for a while... but I expect this area of $640 to be the lowest, with a possible spike down to $635. We could see lower if any manipulation occurs, but I suspect this is only going to go higher. We're not at a margin buy point yet, so hold on to your trigger for now. I'll post something again once we have confirmation of UP. Once we get to...

Ni6HTH4wK

Moving past the red 60% RSI line doesn't always mean immediately down, but it does indicates bad bear incoming. You can short if you like. But as a bull, I prefer to just get off my long and wait it out.

Ni6HTH4wK

Houbi glitched today causing mass panic. I wish I had taken a picture of the event so I could have evidence of the glitch but alas, I didn't. Anyway, it stopped the rally from breaking the bear trend. At least I was able to make a small profit. I'm expecting to go down a ways here... not all at once but the RSI and volume does not support this bull flag. I'll...

Ni6HTH4wK

Until the next auction... But anyway, the last couple of movements have been an ABCD replica of the previous so I figured we can just copypasta the same movement and predict where we are going here. D happens to land right on our last bane of Bullishness ($635) so it seems very plausible. (((Don't mind my (+#=#) comments and arrows, those just point out my...

Ni6HTH4wK

EDIT: ummm... 2045... The years didn't show up before I posted it. Unfortunately, these also come with world-wide depressions.. and the one I'm painting right here is a Dark Age. The stock market right now, has the mindset that it will never drop this much... Euphoria. I'm not good at EW so maybe these are more like 1,2,1,2,3,4,3,4, etc... whatever. At a...

Ni6HTH4wK

Comparing all timelines and using this one as clear evidence, we're in a small downtrend until ~7am EST June 18th. Expect bottom price at around $605.

Ni6HTH4wK

Small window here for a short... watch RSI for switchbacks!

Ni6HTH4wK

Well this is an exciting week... After submitting both a bear and a bull report, I've come to the conclusion that we're stuck here under our own high and above a major support line. I think our main problem is that our initial dip wasn't low enough to allow us enough wiggle room in this lil bull flag. I expect we'll see a daily gradual decline until our daily...

Ni6HTH4wK

Been meaning to repost this as my first one was messed up a bit. This basically just outlines a roadmap I see Bitcoin following the next few years. It's probably the easiest stock... (errr, currency) to anticipate price direction.

Ni6HTH4wK

EDIT: FAIL! =( My momentum indicator shows we have broken the downward trend already. All other indicators are coming to a close soon. I guess these were lil bull pennants all along. My previous analysis had us going way too far south to keep us in the boundary of this pennant.

Ni6HTH4wK

EDIT: EW is off up here... I made a fix below that shows the correction. The fix doesn't change the direction I see though... I wish it did. uh oh.... Too many indicators showing downward action. Elliot wave shows the end of C wave (or wave 3 in 5 wave). MACD shows smaller rallies with bigger drops. Stoch RSI is showing lack of enthusiasm. RSI is showing...

Ni6HTH4wK

Sometimes these things take forever to recover... we should expect some sideways action for a couple days and a negation of our current channel. I'd say by the weekend we might see a resurgence of Bull fever when the price hasn't dropped any and plenty of support has built up. I also included some EW rules to help those who don't understand the lines.

Ni6HTH4wK

I wanted to use my combo chart but it won't go back that far... =( This is for die-hard Elliots like DanV who insist no one has been able to show him a counter proof to his death and despair charts.

Ni6HTH4wK

This chart is a combo of 6 exchanges (BFX, STAMP, BTCE, HOUBI, BTCC, KRAKEN) which shows a clearer picture for overall TA... the only drawback is exact pricing is skewed. You'll have to refer back to your exchange's chart to see where it might hit. According to EW, this is the end of wave 1315. As of this writing, we are now in Wave 132Ab. Wave 1331 should...

Ni6HTH4wK

Had to zoom out to 4hr to see this EW without errors. Looks pretty promising so I just sold all my bits so I don't get caught up in it. The rest of the EW is speculative and will probably be a lot more parabolic like the last runup. Just be sure to catch the bottom because Bitcoin doesn't wait for no-one! =D

Ni6HTH4wK

EDIT: Since I've published this chart, it seems new information has been put out about MTGOX trading practices that will probably hamper our prospects after breaking the ATH this summer. (And some EW failure on my part) I will be putting out another similar chart that reflects these changes. Got this from someone on TV chat, very nice chart. I put some manual...