45 Degree Experiment

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
286 1 1
***This chart is superseded by my most recent chart 'Geometric Experiment 2'. We go straight from 145 zone to 160 zone then after a little pull back another push to 168...either way we are going up :)

Again plotting a sell point (165) generated from geometric             analysis of BTCUSD             charts done in a CAD program. The sell point in between (156) is arrived at by studying how the price moves between 45 degree trends lines.
This is more of an experiment/work in progress
BullFish PRO
3 years ago
*as a side note. My analysis shows 165 region to be where the next push takes us directly too, so we'll probably blow straight past 156/7 zone.
From 144-165 is a 20 dollar move which does seems a little steep (hence I tried to determine a small rest at 156/7)....However I guess we are dealing with Bitcoin here, so a move straight to 165 zone is certainly possible :)
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