BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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23
Will we have that final huge capitulatory drop? Or will bulls get their fingers and wallets out there ass?

I'll do more of a solid write up later, I'm pretty tired right now...

~ Tooty. (Twitter: @BTCTooty)

EDIT. Gann box is off, I have posted the fixed version (starts one bar to the right) in the comments and the write up will follow it.

Comments

Nice work.. If it helps, you can have some Blue Magic.. ;)
+3 Reply
tootyfrooty heisenberg2
Love this. haha. Thanks !
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Fixed gann box. You can see now the time fib aligns up perfectly.



That same time fib on a daily scale, with all fib times enabled this time:

+1 Reply
tootyfrooty tootyfrooty
Whilst my chart is indeed bearish, there are plenty of reasons to see a short squeeze before a capitulary drop. The PayPal squeeze then the fast drop to 275 is still clear in everyones mind... Hint, just go to BFXData.com and look at BTC Swaps. Then look at them on a 3m and 6m scale. A lot of people are short right now, I feel the whales are going to fuck everyone up before going down.

Happy Trading. & GL. (@BTCTooty)
+1 Reply
tootyfrooty tootyfrooty
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Awesome analysis! Couldn't agree more on the "decision time soon" and potential target. Also like when there is a confluence of levels in a given area, and with the S1 breaking down to S2, plus Dynamic Level, plus lower end of the triangle range, all overlaps nicely. Of course, new data could result in a new conclusion, but my take it to always analyze the latest data, and at face value, meaning we have a red trend and momentum is down, so the outcome is down. Only until we get new tangible evidence that suggests this conclusion is incorrect is it a good idea to adjust this view.

Good Stuff TF!
+1 Reply
Nice chart! Thx!
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Hold on, so the price can go up or down?
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Lechango JettyZ
maybe even both :O
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JettyZ Lechango
Awesome, everybody wins!
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