Ideas for each path and trade is explained in each note. Chart focuses mainly on major support/resistance zones and logarithmic trends, but also incorporates some experimental concepts.
In the medium term, a drop below 210 will mean I enter a short, and a movement above 250 will mean I enter a long.
Comments
loomdart
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noob
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love you too loomy
Tanner
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Brilliant chart, could see this happening if bitcoin continuously gets bearish over the next year.
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Thanks. Since the price broke below $235 today I've started building a short with stop a bit tighter than what is shown in the chart, as there's no confirmation we have left the sideways chop zone yet; however with the okcoin FUD and potential forks by Gavin, the bearish scenario grows even more likely. Also, with DRW and other market makers entering the scene and adding liquidity to falling volume, i see the less volatile bearish scenario of 235(here) > 90 > 180 > 135 > 380 as the most likely path.