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- kingtour replied May 27, 2014
Hey, you keep ignoring me. I am on your side since 2559.
- kingtour replied May 22, 2014
image This is a typical, standard, no-brainer break out and new bull treand has started. Can't believe bear still exists.
- kingtour replied May 9, 2014
Is 10000USD one of the calculated target?
- kingtour replied May 8, 2014
Time to break out ...... I would bet long. image
- kingtour replied May 6, 2014
I remember you posted a graph comparing gold in the 1970's bull with current bitcoins?
- kingtour replied May 5, 2014
Sorry, but at least for the very short term, the down trend are still perfect 5 wave down... image
- kingtour replied May 2, 2014
Still not quite sure how would you calculate it, but let me try: Wave 1 from 2.22 to 266, take log(e) it's 0.7975 to 5.5835, so distance for wave 1 is 4.786 161.8% of 4.786 = 7.744 Adding 7.744 to 0.7975 is 8.5412, e^8.5412 = 5121 Adding 7.744 to ...
- kingtour replied May 2, 2014
Take log(assume you do log2) of your price levels, then do your regular math on the logged values, then take 2^result as the result. Though I don't quite believe this would work right - too idealized.
- kingtour replied Apr 30, 2014
Be open minded. If BTC finally succeed, there must be a large number of altercoins also succeed. - one currency is not enough for the diversified worlds' need. Moving a billion across countries should not use the same currency as you buy a coffee. - ...
- kingtour replied Apr 29, 2014
That's a count which we have no evidence to exclude now. Just be prepared and don't put yourself in a hard circumstances if it does happen. Unless we immediately see wave 3 style bull up, which is my first count now, that's the first alternative ...
- kingtour replied Apr 26, 2014
Frankly speaking, I think most people view the red circle as 3 waves. This does not invalidate the up count, as A-B bottom allows the first wave up to be in 3 waves. So I am prepared for either a bottom now, or later at 1800CNY or 200+USD level. ...
- kingtour replied Apr 25, 2014
My first count, AB bottom completes: image The alternative count is simply treat the abc of B as 123 of a new impulse wave down.
- kingtour replied Apr 25, 2014
Thanks for asking, I am fine and I was expecting this 0.618 retracement as second count. I cut off all leverage positions when the drop starts and have moved all BTC to cold storage. The problem is that I dare not load more position with leverage ...
- kingtour replied Apr 25, 2014
Market moved much faster than I thought. I think 2 out of 4 possibilities(5-2 or 4-C) we discussed are gone. One is fully filled now like you discussed. Another one is still an option(going to 260USD) But look at how similar the two bottom is! I ...
- kingtour replied Apr 24, 2014
It's possible. Not too different from 5-2 count.
- kingtour replied Apr 24, 2014
A wide 5-2 might be made to support a door-crushing extended 5-3
- kingtour replied Apr 24, 2014
Running flat that many people never believe really ever existing? image
- kingtour replied Apr 24, 2014
Sometimes it's disappointing to see so many valid counts. Basically it means markets can go anywhere in the short term and every move could be explained. You only know after the wave completes. Maybe it's the real world - prices are just random in ...
- kingtour replied Apr 24, 2014
Don't get things complicated. I now believe your 5-1 and 5-2 count. 5-2 is 0.768 of 5-1, and because wave 5 will extend lengendarily, 5-2 takes a very long time, that's it.
- kingtour replied Apr 18, 2014
Thank you venzen! I am using 796 to hedge if needed. However, by pricing I mean if the hedge is wrong... it's effectively equivalent to hold nothing when BTC is going up, which is bad. Anyway, I think I am recovered from the panic earlier today. Has ...