This Breakthrough coulde be enermous!!!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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At the green flag there are three signals in one spot. One is the EMA 50 (yellow). Then we have the 0.764 fib and the hard resistance. The space between the blue and the red trendlines is entered and the hardresistance is also touched but not broken yet. The Stoch RSI and the volume are too overbought/low. But there is still hope for a rise in Bitcoin             price. If the hardresistance breaks. My actual position is neutral. It might take another try.

// Update: The attempt to break through the hard-resistance (red) failed. Even the soft-resistance (based on Line) is only tangended. Next: Sideways and then a stresstest of the purple support trendline

Related Ideas

We broke through your downtrend line and there is still no uptrend / rally.
+1 Reply
Nocturnoz ChartArt
As mentioned in the description, the rally has failed because it did not broke the green flagged point.
The purple line is my midterm support line. Now that we broke through it, it is no longer support. The purple line is now the new resistance and the downtrend might continiue.
It's only a short term chart and this case requires further developed charts.

ChartArt Nocturnoz
Thanks for your detailed explanation! Now I understand your idea.
Nocturnoz ChartArt
yay :D I think I'll explain my thoughts more detailled in the descriptions from now. :)

And for the sake of BTC I really hope we get the purple support back. :O
Nice and quite interesting graph. It looks like you framed quite well the short term possible moves.

However, I don't think you'll find great momentum on 1H charts.

Keep up the good work!
Nocturnoz J.Livermore
In this case it could've been the start of a great momentum. I had to choose a small timeframe because it would have been very hard to locate the three signals in a D chart.
My long term D chart is still under developement. :P

But anyways: Thanks for your critiicism :)
I've made lately some analyzes on BTC/CNY (I prefer this pair, more liquid and technical). Feel free to browse.
+1 Reply
Yea, ill wait a bit. If we break I will go long.
I'm getting sick of this. I sold 15 minutes ago.

If and when I see new excitement in the markets I will buy back.
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