BullFish
Short

Plottong points take 2

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
287 1 4
A bit of an experiment. Just plotted some points I generated through geometrical analysis of the price action from July 07th 2013 till now.. (I arrived at the bottom figure of 53.5 through two slightly different ways) It looks pretty gloomy :) :(

I''m thinking the market may turn around August 8th. This came after a little research into Gann (who Ive only become familiar with) and some of his time theory.
From the high of April 10 2013 until August 8th we have a separation of 120 days. Below are some quotes i found on Gann's important dates and days between tops and bottoms. This date ticks two criteria..120 days and one of his key dates..August 8th

''Mr. Gann followed this pattern to list February 5th, March 21st, May 6th, June 22, July 7th, August 8th, September 23rd and November 8th as seasonal times for a change in trend

Stocks make important changes of trend every 30, 60, , 120, 150, , 210, 240, , 330 and 360 days or degrees from any important top or bottom. These seasonal changes or monthly changes based on the beginning of any seasonal changes are important to watch for tops and bottoms.''

source: http://www.marketmasters.com.au/84.0.html

Anyways food for thought
BullFish PRO
3 years ago
Clearly this hasn't played out how i thought it would. The market really wants to go up and I think it will/is short term. But as crazy or unlikely as it seems I still believe it needs to touch down around mid 50's before the bull market starts.
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