venzen

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About me anthropology, python, markets
Joined Andaman Sea venzen
Markets Allocation
Top Mentioned Symbols
BITSTAMP:BTCUSD 50% | 5 BITFINEX:BTCUSD 30% | 3 BTCE:BTCUSD 20% | 2
venzen venzen BTCUSD, 15, Short ,
BTCUSD: Bearish Bitcoin wave count post-Aug 1st
89 0 1
BTCUSD, 15 Short
Bearish Bitcoin wave count post-Aug 1st

A bearish wave count recorded here - merely "for the record" - based on the textbook 5-wave impulse that declined from near the all-time high. Taking the initial wave as a fractal for what is to follow, then $2000 is a target. If this bearish wave count is incorrect and advance unfolds then another chart will be published. However, the failure by the market to ...

venzen venzen BTCUSD, D, Short ,
BTCUSD: Decline to $2000 or $1500 Support
170 0 6
BTCUSD, D Short
Decline to $2000 or $1500 Support

There is a precedent in the bitcoin price chart to target at least a 1.618 Fib extension once it breaks a consolidation trendline (grey). Although this does not happen with any reliable guarantee, the large gap between MACD and its zero line (in the attached 1day chart) is often an indication of a large decline. Note that the level of the 1.618 Fib extension ...

venzen venzen BTCUSD, 240,
BTCUSD: Observing the Frontier: bitcoin price and gold
167 1 7
BTCUSD, 240
Observing the Frontier: bitcoin price and gold

Bitcoin price approaching valuation of gold As we go into March 2017, the proximity of bitcoin price to the price of gold is bound to spark international headlines as well as increased market activity. The attached 4hr Bitstamp chart explores the support & resistance zones immediately above and below price, as well as the contention zone that price has now ...

venzen venzen BTCUSD, 240, Long ,
BTCUSD: Aggressively Bet on Rain when the First Drops Start Falling
357 0 11
BTCUSD, 240 Long
Aggressively Bet on Rain when the First Drops Start Falling

Price is above its bellwether 4hr 200MA with MACD rising above zero as well as its signal line. The massive volume required to raise price $25 in a single candle is undoubtedly co-ordinated action, and ee follow the whales. 1day and 1week chart indicators warn that this is an intermediate wave and will eventually correct back to support near $600 or $680. Even ...

venzen venzen BTCUSD, D, Short ,
BTCUSD: Bitfinex - Beat them with the Rod of Correction
373 0 5
BTCUSD, D Short
Bitfinex - Beat them with the Rod of Correction

1-day chart's MACD remains below its signal line and is about to cross below zero. There is no reason why the negative market sentiment (notably amongst their own customers) should not result in selling to the same support that all other exchange charts had found. It is possible that bitcoin price tests $500 psych support across exchanges. Two caveats: 1) A ...

venzen venzen BTCUSD, 240, Short ,
BTCUSD: Single trade opportunity short to support
372 8 7
BTCUSD, 240 Short
Single trade opportunity short to support

A minimal chart: price is below its 4hr 200MA (also descending), MACD is descending below zero as well as its signal line. Fib extension targets at $620, $580 and an overlap near $540 with horizontal S&R at the previous corrective low. Based on similar bearish indications at the 1day and 3day timeframes, and confirmation in the 1hr chart: Short at Max position ...

venzen venzen BTCUSD, D,
BTCUSD: End of Trend
380 4 5
BTCUSD, D
End of Trend

Corrective Triangle technically complete. Additional lows to $260 and $200 could give us "throw-over" for wave E, but the indicators don't look like they'll tolerate much more than that.

venzen venzen BTCUSD, 240, Short ,
BTCUSD: Does News Move the Bitcoin Market?
262 3 10
BTCUSD, 240 Short
Does News Move the Bitcoin Market?

One can often hear market participants saying "Some bad news could see a sell-off" or "So much good news and where is the rally?". The chart shows some of the major news events of the past months in context of price action. It illustrates that there is no correlation between the relative positivity or negativity of news - that the market evidently uses news ...

venzen venzen BTCUSD, 240, Short ,
BTCUSD: Price Pattern: functions and outcomes
142 1 0
BTCUSD, 240 Short
Price Pattern: functions and outcomes

This simple pattern definition of the decline shows repetitive wave action during the decline since Dec 2013. Pink triangle: function - progress decline, outcome - target midline TL Blue triangle: function - retrace decline rapidly in 3 waves, outcome - target upper TL Yellow arc: function - consolidate, outcome - touch TL below retrace top Based on this ...

venzen venzen BTCUSD, 240, Long ,
BTCUSD: BTC Support & Resistance plus the corrective "BTC double tap"
228 1 0
BTCUSD, 240 Long
BTC Support & Resistance plus the corrective "BTC double tap"

One feature of all BTC pair charts is the phenomenon whereby price returns to the area of the previous correction of either one lesser degree (wave 4) or in wave C of the common flat correction. Examples are circled in blue. This "BTC double tap" seems to have just concluded the January correction. In the event that BTCUSD continues advance then we can expect ...

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