Gordon Geeko

Curious Conjnction of 3 Trendlines with 2x 380 Low Time Period

BITSTAMP:BTCUSD   Bitcoin / Dollar
613 5 3
An angled resistance trendline drawn from 1st peak ( ATH             ) to 2nd peak (rally failure) coincides with a horizontal trendline over next major resistance at 1000.

A trendline passing from the inital rally's 2nd leg peak (roughly halfway up the total rise) to the last fractal high also coincides. (This trendline is arguably "retro-fitted.")

Timing the double low at the ~380 level gives us nearly 29 days.

Doubling 29 days gives us 58 days, which is the length from last 380 valley to the trendline conjunction. This means the conjunction happens on Wednesday the 12th of March.

A curious double coincidence of time and geometry!

Also interesting is an arc drawn between the 380 lows and up to 1163 high (green and orange arc).

On the outside left, this green arc supports the initial rise from 378 low.

An arc of the same time period and height offset forward (orange and red arc) acts as support on the 2nd leg up and resistance on the 2nd leg down.

Update 1: I wrote about this chart and my current market view on CCN: http://www.cryptocoinsnews.com/2014/01/15/cryptic-cryptocoaster-conjunction-geeko-russian/

Update 2: osceron, I will check that out sometime. It won't be the same date but probably close.

Update 3: my "post comment" button doesn't work so I'll reply through updates. :P
osceron
2 years ago
Do the same thing on one of the other exchanges, and see if the date holds up. Using the same pivot points might give quite different angles..
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flibbr PRO
2 years ago
$1000 at the end of Feb ~ ~ I'd be very happy with that. I think it would show real market maturity and strength.
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nick.stoneman.5
2 years ago
Hi Gordon. I value your insights. Thanks for all your previous charts. Are you still doing charts on Trading View? If so, have you changed your username? Best wishes, Nick
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Gordon Geeko nick.stoneman.5
2 years ago
Hi Nick, thank you. I am still following price on Trading View, hope to publish some new charts soon!
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nick.stoneman.5 Gordon Geeko
2 years ago
Hi Gordon. Good to hear from you. On a personal note, can I put a vote in for Bitstamp (or preferably Bitfinex but I don't think it's on Trading View)? It's now the biggest BTCUSD exchange plus of course it's prices are very close to Bitfinex. I still check Cryptocurrency News daily, so I guess I'll get a headsup there for any charts you publish. Best wishes, Nick
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