BITFINEX:BTCUSD   Bitcoin / Dollar
156 4 5
The new uptrend is almost confirmed now. To really confirm the uptrend the price will have to break up through $256 and then have an entire daily close above $256. The price has held stable above the bearish blue Fib line, see (1).

Previously the price ended the downtrend wave faster than I expected by not dropping as low and as fast as I feared, see (2)

(1) (2)
I do not understand your analysis. Why do you think so?
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ChartArt mozalin.cranz
I admit I created the chart very fast. Maybe tomorrow I create a better version where other people can see the imaginary curved lines I see building up right now.
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ChartArt mozalin.cranz
Maybe I get this even better next days:

snapshot
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Agreed. I'm long from 238.01, and not moving my stop up from 236... I'll hang out and do a bunch of nothing for now... there might be a bit more sideways before up.
+2 Reply
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