BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
151 6 2
Experimenting on 60 minutes time frame with Magic 72 technique.

It's always a possibility that R1, R2 or R3 might have an effect that break G1 (36 degree angle) support line.

Use the static screenshot below to reajust the chart scale:
Thanks yes indeed, I'm still researching on it

For a basic intro you can my first post here :

Damn this looks fucking amazing, where can i get acces to this magic72 technique?
Keops Fanatik_
Thanks yes indeed, I'm still researching on it . When I will have more stable data I will post updates.

For a basic intro you can my first post here :

Also here is an update screenshot of this BTC post. I added pitchfans that shows where are the relative support and resistance lines:
Thanks for the information, i'll try to figure out as much as i can from this.
Breakout trading with this would be really useful.
Keops Fanatik_
Today we saw that R1 was finally a downtrend line. It seems that when price hits a timecycle line and a 72/108 angle it flips the trend analog to a polarity switch. Look at the orange arrows which demonstrate that. I need to manually "backtest" this theory on different symbols and timeframes to see if its something universal. Tomorrow if the "polarity flip" works we should go back to 419.74 around 7pm.

Below is an updated chart:
+1 Reply
Forgot to put 2 orange arrows:
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