Turco
Long

Will history repeat itself?

BITFINEX:BTCUSD   Bitcoin / Dollar
888 6 9
Looking at the unusually high sell volume down to $166, it appears that many sellers have capitulated. We are pressing up against a key long term trendline , and the similarities between the April / May 2014 bottom are profound.

For now $215 has shown significant support in the form of a triple bottom, and I am "cautiously" long (unleveraged).
rivet.popper
2 years ago
Agreed. See you on the moon.
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oaksacorn
2 years ago
Agreed. 360....
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ProwdClown PRO
2 years ago
Hi Sir,

This chart is not to predict price. The only purpose of this chart is to reveal we may have found bottom with consolidation moves between 215 and 245 on BTC-e. More like 218 and 248 on Stamp and Coinbase. However, this new bottom with consolidation moves between 215 and 245 will not be confirmed until we make it through the Feb. 26 to Mar. 18 confirmation box: http://i.imgur.com/NiqNjIR.jpg
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Turco ProwdClown
2 years ago
You may be right with your call. It will be interesting to see how the market handles the bitcoin auction.
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ProwdClown PRO Turco
2 years ago
Keep our fingers crossed.
Reply
ProwdClown PRO Turco
2 years ago
We need to be above 220 March 18th for the bottom to be confirmed.
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