BITSTAMP:BTCUSD Bitcoin / Dollar
I have plotted a number of logarithmic levels. The light blue log line on the bottom actually traces all the way back to the inception of so it the most well established to follow. I have observed that crashes and markets tend to bounce off of an intersection of horizontal and logarithmic support levels. Two such bounces have occurred on this chart and are noted with solid yellow stars. At this point it is possible for to go one of two ways: either it has bottomed out already and continues to find support against the green (less established) logarithmic , or this support fails and goes down to find support against the blue . If it falls then support is likely to be found at the intersection of the logarithmic and horizontal blue . I have plotted likely price action based on each possibility, white being the former case and yellow being the latter case.