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UncannyDeduction
Aug 8, 2017 7:39 PM

Bitcoin - macro patterns (perfect symmetry) 

BITSTAMP:BTCUSD1D
Bitcoin / U.S. dollarBitstamp

Description

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Bitcoin is trying to break into the upper blue trend channel.
I believe it will succeed and head for $6000 within a month or so,
ending up in the middle of the blue trend channel and then possibly going down.

Comment

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Current micro pattern imo:

Comment

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Following trend channel nicely...

Comment

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Next stop is $6000
Trend Analysis
Comments
fibinvest
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Hi mate, can you update your chart? You can extend you channel lines. Thanks for the great analysis.
MutexLock1
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Very interesting. I should learn about these macro patterns.
UncannyDeduction
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@mutexlock, I think I have something to learn from you too.
MutexLock1
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@LogicalDeduction, it's a pleasure to hear. But frankly, I have no clue about what I'm doing. My TA skills are too undeveloped
MutexLock1
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@mutexlock, so careful with what you learn from me ;)
UncannyDeduction
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@mutexlock, Me too, I got no clue about what I'm doing also.
UncannyDeduction
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@mutexlock, I'm just drawing out some lines.
MutexLock1
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@LogicalDeduction, Yesterday I began reading about volume and RSI and whatever indicators and it looks like great and helpful tools to use in pair with our common lines
mytorc
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Intriguing thanks! Love these fractals - Seems BTC so many of them. Can't help wondering what causes them - Any Ideas?
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