BITSTAMP:BTCUSD   Bitcoin / Dollar
543 11 6
Some ratios fit in amazing in the whole Fib picture, will post some pics on replies also with fibs.

Dedicated to Emanance :D
Looks very nice with the fibs!
So whats the target? :)
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I would avoid to take this one as a trading strategy, this is just for meditating :D. For me, I got long at around 473 and sth. on average, when I presumed that would be the bottom, have to think now where I would better adapt my stop loss atm, for I what I can say for sure, I am waiting 560 first, if it really proves to be bullish, I see it as an important resistance there, but first let's get over 530 :)) as you see, I would follow this bullish pattern with trailing stops, waiting to see next steps( resistances) to be played, and moving the stops under them... But generally, my nest target would be 560, sth like this:
BTC likes harmonics :)


What do you think? Cheers!
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Avatarhash BTC_Daily.Pips
I think this scenario should play out. my target is also between 535-560. It seems there is big resistance in that area.
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BTC_Daily.Pips Avatarhash
Hopefully :) Good luck to you too than :D
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Just some little image wanted to share also:
snapshot
+1 Reply
HerSerenity BTC_Daily.Pips
So we are in fact in a real fake SR crash right now preceding the next bubble?
+1 Reply
BTC_Daily.Pips HerSerenity
I don't like to think about a bubble, but the market sentiment is pretty similar with how it was in mid may, I think when most are bearish, is a good moment to go long :) if most are bears it means that most have sold or shorted already... All I want now, to see if we hit 560 again... What do you think about the market right now?
+1 Reply
HerSerenity BTC_Daily.Pips
I'll release a 3w lookout today but for now we should be up for ~1 week of consolidation, followed by more down.
No serious upswings without prior strong oversold to be expected in the current market situation. Just look at how the last breakout(?) has been sold off 100%, as if shorters woke up, saw the spike and were like "wtf are they doing lol, let's sell" (unprofessionally phrased).

"I think when most are bearish, is a good moment to go long" a.k.a. fading which I think is a bad practice -- all I can see in this regard is the reversal of the long-term accumulation of Bitcoin two weeks ago, making me open more margin shorts on every single overbought I come across until we finally get a real panic V-bottom (BTC never reversed mid-term in dips under 20% decline).
+3 Reply
As I said before I really like this concept. Since seeing it yesterday I've been messing around with a series of time fibs & retracement fibs. Most time fibs are coming up with dates from late September - early October. Personally I hope to see a continuation of an almost unnoticeable gradual reversal. Not dissimilar to the equivalent phases on prior bubbles. I doubt we will see another irrational premature breakout of exuberance, like we saw in May. Be great to see a month or 2 of solid unleveraged price growth. But this is Bitcoin & anything is possible.
+1 Reply
If we don't close over 480 today, I will certainly close my longs...
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Since Stamp went out of the herd the last days, probably merchant pressure is to much for them to bear, I decided to use other exchange for graphs, Huobi has to little data to offer, as it is new, will be posting from BTC-E... So, if BTC-E does not return above 472 before the daily candle closes, I think I am out and wait to see what will happen this week in the market:
snapshot
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