Squeeze in progress

Bitcoin / U.S. DollarMt.Gox

Description

⋅ Nov 10, 2013 2:55 PM

If price breaks below blue line, the bubble will collapse more. If not, this was a mere correction.

9:30 until completion of this arc.

Comments

Kilgore

⋅ Nov 10, 2013 4:10 PM

excellent, thanks for sharing

TradingBits

⋅ Nov 10, 2013 4:01 PM

Nailed it. It's following my body curve well but I expect it to fall faster soon.

TradingBits

⋅ Nov 10, 2013 4:02 PM

Assuming no double bottom at 268...

dangolbery

⋅ Nov 10, 2013 4:11 PM

Are we still going down? Still within the lines...

TradingBits

⋅ Nov 10, 2013 4:11 PM

It's testing the blue support line. We will see.

dangolbery

⋅ Nov 10, 2013 4:03 PM

Nice.

TradingBits

⋅ Nov 10, 2013 2:57 PM

Grey arc is main body with yellow arc for maximum data. Shows a nice parralel curve. Easy to interpret here.