BTC just broke though the most bearish resistance support. For me this is now confirmed bull.
I have overlayed the previous run up which hopefully gives an idea of what to expect price wise.
Good luck.
Initially I was skeptical of a rally like this today after hitting an all time high of 539.14 on BTCe. Given the unwillingness of the price to go down below 500s yesterday, I managed to get fully back in at 504..
It looks like we are heading for the next rising phrase at around $580 level with an even stronger support at 500 level. Watch out for it closing above...
One of the things I struggle to understand regarding continuing down is that why should it? Why should it complete the bear cycle? I think the environment has started to change at a point coincidental to a point where there is a case that the long term falling wedge has been broken and therefore closed..
From my limited trading knowledge and vastly in-superior to...
For many moons we have seen the big bad bear dump down on us from above, forming a beautiful wedge we all have watched in anticipation of a breakout to confirm trend reversal.
The Gox saga has been talked to death over the past few months along with almost weekly china bans and BTC's being stolen from various exchanges. Recently I feel though this negative news...
As we approach the end of this long term bear wedge, what was previously predicted as another leg down has turned out to be sideways motion which is now hugging the resistance line,
For me this confirms a break in pattern of the previous 2/3 legs down. The news on the Gox saga and china bans seems to be drying up and positive news taking its place.
As we...
As we approach the end of this long term bear wedge, what was previously predicted as another leg down has turned out to be sideways motion which is now hugging the resistance line,
For me this confirms a break in pattern of the previous 2/3 legs down. The news on the Gox saga and china bans seems to be drying up and positive news taking its place.
As we...
IMO within next 24 hours will we have the last low before the real low of the downtrend triangle, anyway a continuation of the actual bounce could happen up to 460 area.
Let's see
Publishing this one because i'm interested in these pumps and dumps. I believe there is probably a group behind them who has the backing to manipulate the market this way and keen to see if there are any similarity's between the cycles.
here I have marked out two which have followed a similar pump and a fairly similar dump.. Lets see how this pans out.
I meant to post this the other day but never got round but expected sideways motion to last until the weekend.
If we look at the past two pumps they all follow similar 'paths. When you map arcs onto these it forms a kind of "Speed bump" (sorry couldn't think of a better name!)
The initial pump followed by a dump which has created a support level then a sideways...
I similar to many people, feel we are close to a pinch point where the true value of bitcoin is shown to be going up or down.
This is my analysis of how we have got to today and where we're headed.. Short term down another leg but long term up.
I discovered these 'Head & Shoulders Bottom' patterns while trying to find some direction for the LTC/BTC Trade. The trouble with looking for these patterns from a fiat perspective is fiat's action in the market is a lot like the tide, in that it lifts & drops all ships in the ocean. This effect on an asset that has been experiencing exponential growth in it's...
We finally had a small pullback from 544, but not nearly enough retracement or consolidation to support a continuation of this trend much further. The perfect periodic divisions of these rallies is causing so much anticipation that the bulls keep tripping over each other to be first in line, causing an acceleration of the rally attempts.
When a pattern becomes...
Here is a great example of The BoT in action in a shorting situation. BTCE had just rallied back into an OTE short zone on the higher time frame charts (and was quickly rejected) so a pullback was to be expected. The BoT came alive when prices moved from 440 down into the 407 area and then rebounded back to 430 area. Looking for an ab=cd price pattern...
