Quicksilver80

Quicksilver80

About a year ago, I told a friend that I'd discovered a cycle in the peaks of DOGEBTC. He agreed and later sent me a chart that had a similar interpretation as one I came across a few days ago by InvestingScope: I never looked at the cycles on a one week resolution so it was really neat to see our observation (the existence of a cycle) confirmed by someone...

Quicksilver80

This is a first look at my new charting tool True Fibs. The chart speaks for itself. I'll be making it available for use in the next couple days. Altogether I have 4 or 5 Fib based indicators / tools in the works so if you are using FibbyTenths or like the idea, stay tuned.

Quicksilver80

I recently put out an indicator entitled "FibbyTenths" and wanted to show a nice example of its usage. Here it is on DOGEBTC on the 1D chart. What are you looking at? Line 1.000 (pink) is a baseline from which all other levels are calculated. To get the 0.618 line (for example)= Baseline * 0.618. Pretty easy. As you can see, there are numerous examples of the...

Quicksilver80

I've been working on a a new way to use Fibonacci number derived ratios. In a nutshell, after calculating line 1.000 (top secret info right there, haha) in the chart above, I multiplied by 2.618 which gives us the upper purple line. Next step is to find the difference in price between lines 1.000 and 2.618. Difference is then multiplied by tenths (i.e. 0.1, 0.2,...

Quicksilver80

This script combines HPotter's Confluence script with two Madrid Sinewaves.

Quicksilver80

The DAO threw a monkey wrench into my predictions. (Actually, I haven't kept up with the latest cryptocurrency news and was completely ignorant of the existence of the DAO in my previous charts.) It would appear that the demand for DAO has been enough to delay lower ETH prices. Glad I didn't short ETH... Here is a link to a graph of DAO token creation: ...

Quicksilver80

After reviewing my initial forecast, I have concluded that the false bottom occurred at the end of April and that ETH has begun it's final descent. Confirmation will occur around May 22 as the price encounters crossing trend lines. Look for ETH to continue dropping, EVEN IF the price pops above the red trend line...

Quicksilver80

The time to each prediction is relative. So, if the false bottom occurs next week, the rest of the predictions should be adjusted accordingly.

Quicksilver80

Originally published this Nov. 26, 2013. Here is the same chart updated.

Quicksilver80

This is an exploded view of our current position in chart (1/2).

Quicksilver80

This is another look at my original prediction made 22 days ago and revised 21 days ago. The time scale is 1D and prices are plotted on a logarithmic scale.

Quicksilver80

My previous forecast was for bitcoin to continue upward at a more moderate pace. I now think that it will reach parity with gold much sooner.

Quicksilver80

Bitcoin continues to follow past price patterns: After every peak and correction a period of time is spent stabilizing before new growth is resumed. The only thing that is really changing is the amplitude: spikes and drops are getting steeper and the overall price fluctuations in the short term are getting larger. Daily and even hourly price ranges easily span...