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mumbojam
Jan 22, 2018 8:42 PM

my btc study Long

Bitcoin / U.S. dollarBitstamp

Description

50% off from when they sold originally. STEAL
9400 is a possibility would just be -52% from ath
We did hit -53% and are painting a hiagher low and higher high so that is also bullish with respect to our uptrend line
A breakout of the red downtrend resistance would be a strong buy signal for a bigger move

Comment

Also something of interest -
Look at what kind of candles we paint on entering / exiting the spirals and how it follows this for the most part.
Comments
thinknirmal
The only chart that validates price movement in any direction: Up, down, right, left, towards, away.
mumbojam
@thinknirmal, Yes many interpretations this chart has I'd love a meteorologist opinion.
But What I see is that we always have a respect and of the spirals and we can always go one or the other way each time and this is where our emotions kick in. Whichever one is the easier way to go will happen on the smaller time frames but looking at this gives you a sense of on a much larger scale just how bullish we truly are on breakouts of spirals
thinknirmal
@sakuzi, Cool that you took my comment with a pinch of humour. Happy trading!
LionelSen
Is that a Picasso?
mumbojam
@LionelSen, who knows
alanhibbert
I'm so happy that you make sense of this, seems much to advanced for me
mumbojam
@alanhibbert, I just look at the respect in the circles of fibonnaci spirals and see how it is merely a reflection of traders emotion
AliSerdarSahin
i think i just got blind.
brianmichaelf
@AliSerdarSahin, haha same!
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