WindexChugger

BTCUSD - Long term trend with mid term cycles

BITSTAMP:BTCUSD   Bitcoin / Dollar
1577 7 15
BTCUSD             prices have been following a downward trend on a log scale since December. During this time, price has followed a mid-term cyclic trend. The time between these cycles have been increasing, although I would be surprised if the cyclic trend closely followed what I've written.

I expect BTCUSD             prices to follow this trend until it can remain well above the trend for several days. When this trend breaks, I expect a new, long-term upward trend to appear
I really like this one! :)
Been waiting for it to float down for a while.
It still could very likely even take a deep dive into the 3's again.
The return could be huge. With a bear trap and then keep climbing. Getting amped!
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It looks like your 18 day prediction didn't pan out, but I still like your chart! :)
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LOL. Thx for the prompt answer!
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Very nice observtion. Is the pale blue line a support or just there for aesthetic reasons?
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Completely aesthetic. I wish I knew some bottom support, but every time I think there's one we drop below it.
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p.s. May the forth be with you.
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Like it. Time, along with volume is a blindspot in trading.
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