Ni6HTH4wK
Long

The case for the bull... sorta

BITSTAMP:BTCUSD   Bitcoin / Dollar
Was looking at the past dead trading spots to see how long they lasted and what percentage they traveled in and came up with this chart. Since the beginning of time, all dead zones that lasted 30+ days with <11% price differences, ended up beginning the rally. So I think maybe beginning on May 26th we may see a never ending bull ride up until late July (15-25). The reason I have only 25 days instead of 30 is due to the convergence of our triangle, which makes for a perfect time to buy in. RSI Indicators are not very close except my LAVA one showing a nearby relative location compared to the other rallies.

FYI, I haven't bought in yet because I still predict some more downward action for a couple of days ( bear triangle). This is just making the case for an impending bull ride instead of a continuation of the bear trend.

The gray lines indicated in the 2012 area, show that trendline being ignored due to the major "whale" buy on Nov 24th, 2012 which screwed up the top. When that old top line converged with the market, it held for about 5 days before being blown apart. That confirms that the bottom trendline was also negated at the same time... verified by the fact it was never touched again.
Hen0xyd
2 years ago
While checking my all time log. chart I did some similar analysis.
Your chart allows to see this nicely, thanks. Btw I share the same vision of upcoming events.
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smalldarkcat
2 years ago
hope so...
have enought good news,money and times to fly bitcoin to the moon? hmmmm...
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johnrfraser
2 years ago
Nice. So you're looking for no less than a 415 buy in?
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Ni6HTH4wK PRO
2 years ago
So after we broke inner and middle the bear triangle, there are still a few bears out there who still have the conviction that it will swing down sub $440... I had to eat my short when it didn't land at my awesome target the other day @ $440, it did hit $441.44... so i was off by $2.... bleh. I've made a nice recovery since then but man... that was scary. We still have an outer bear triangle to deal with, but it will just be an expected roadblock now instead of an actual killer stopping point.
snapshot
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