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Ni6HTH4wK
Apr 23, 2014 2:02 AM

Bear vs. Bull symmetry with upward movement on the 23rd? Short

Bitcoin / U.S. dollarBitstamp

Description

EDIT: The publishing distorted the trend angles... look below at the picture I was trying to show.

When using the bottom candle as a guide, notice the bear avg trend line is symmetrically right along the bottom of the bull trend line. The angle of the bull bottom tips point to a location on the bottom candle. Our current meandering is waving like a flag that is now unraveling indicating a change in course soon. We're on top of a thick, 4hr Ichimoku cloud. The Fibonacci time scale show each price movement, save two near the top. We're way past the last two historical bottom trend points (in the dark blue line), yet almost near the mean bottom trend line. The only other bottom trend line is way down south near 200... where no one really wants to go.

Does this point to a minor upward spike on the 24th?
(I would zoom in but the angle lines don't react well to change in scale.)
Comments
ronfkingswanson
I've been scratching my head the whole time since we resumed the bull trend after the recent rally peak and pullback, wondering how to determine *when* my projected rally continuation would occur. Your angular and time fib analysis shows precisely why we've been killing time sideways for so long without impulse. We're just waiting to arrive at the other side of the V.
Ni6HTH4wK
Well that looks like crap... here's what I was trying to convey.
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