kinetiktrader

Where is Spike? Sep072016Monthly (no fib)

BITFINEX:BTCUSD   Bitcoin / Dollar
Thesis: If the last peak was at 1.8 then the next one may be at 3.

3 is a special number because its where Mount Gox
Manipulated the price last time before crashing.

The Mount Gox fall delineates 3 price ranges 382 - 500/ 530 - 800 / 830 - 1000
*notice that the last attempt to reach 1k failed and resulted in a crash.

Get in at 530 would be a dream come true if possible since the political recession
is approaching and investors will look to put their money in appreciating items.

Usually neutral but would like to go long at 530 since the chart seems to set up to go low
and then high again, like July - August 2015, and then cash out safely at 1110.
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