Edit: it appears my charts, when posted, have an issue with moving the angle views a bit. If you comment, I can elaborate on any questions.
What I am showing here is periodic action throughout time of BTCUSD after the peak. What appears to be happening is a formation of a couple levels (34 degrees on Log scale decline, then 27 degrees on incline), and periodically (about every 3-3 1/2 months), the price will touch or cross over the line (of which the white arrows indicate anomalies). The colored fib-based time periods indicate "best times of sale," which I suppose is subjective on purchase time.
At the date of this post (12/11/15), we appear to be in the middle of one of the 3-3/12 month periods. The estimate based off of this trend is that by early to mid january, we will hit around 560+, 440, or the 360's, depending on which levels it can penetrate. I believe it will hit the high 300's in the short term, then bounce back up to either level around 440 or inflate to 560, dependent on external factors in the economy & media.
Thanks for reading!
What I am showing here is periodic action throughout time of BTCUSD after the peak. What appears to be happening is a formation of a couple levels (34 degrees on Log scale decline, then 27 degrees on incline), and periodically (about every 3-3 1/2 months), the price will touch or cross over the line (of which the white arrows indicate anomalies). The colored fib-based time periods indicate "best times of sale," which I suppose is subjective on purchase time.
At the date of this post (12/11/15), we appear to be in the middle of one of the 3-3/12 month periods. The estimate based off of this trend is that by early to mid january, we will hit around 560+, 440, or the 360's, depending on which levels it can penetrate. I believe it will hit the high 300's in the short term, then bounce back up to either level around 440 or inflate to 560, dependent on external factors in the economy & media.
Thanks for reading!
Comment:
zoom into most recent timing, actually, the lines will look more appropriate