MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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Cleaned up the chart a bit for simplicity.

After a new All time high it will historically consolidate to -35% to -75%, 70 to 90 days later. Represented by the blue box.

The green line represents a strong 30% trend-line Fib fan support that cuts into the blue box.

White lines represent down trend originating from 2-1-2014 (red line), expected china bad news or realization of previous bad news going into effect about 3rd party/exchange news

Orange lines represent speculated trend leading up to the end of the month.

Only time will tell!
nick.stoneman.5
2 years ago
Kudos! Your lines have nailed this so far. As MTGOX looks to be on the way out, and Bitstamp has had much higher volunes for months now, can you please do an analysis for BTCUSD on Bitstamp? I'm sure most BTC traders would very much appreciate your input. Many thanks in anticipation. Nick
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