SpielMeister

SpielMeister

Korean Won shows consistent bull pennant and passive reaction to BTC dump. USD markets are subject to manipulation by Whales that dump ethereum in tandem with bitcoin to maintain a desired ETHBTC pair price. This gives a good buying opportunity to those that trust that Korea is the canonical market for Ethereum.

SpielMeister

With baited breath the BTC trading community has been waiting for a big breakout for the last two weeks. Short term position holders were split on which direction the price would go, but the sentiment was universal that something was going to give. Finally 2 days ago we received the break we had been waiting for, down. Bullish margin holders were crushed, and I'm...

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The last few days have been... boring. The price has made several attempts in both directions showing significant indecision in the market. The Gann Square I posted yesterday never showed any significant price movement except at arcs where we had retracements of nearly all of the sluggish gains made meandering trough that section. Today, however, we are at the...

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The market is still meandering along, approximating the fractal repetition that I've been pointing out in my recent projections. But, confirming that trend is getting boring and several people are getting nervous because we are showing some short term downward motion. Today I looked at how a Gann Square can explain the current price motion. As can be seen, the...

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Yesterday I pointed out a rather striking fractal repetition that was in the works, which was replaying the same pattern that brought us to the November high value after dropping us to a new local low. Today it appears that the fractal is still in full effect as we have followed the last leg of it's downward journey (creating what is "almost" a triple bottom) and...

SpielMeister

As shown in my last chart (linked below), we have numerous confirmations that we are replaying a fractal pattern from November. These things don't often play out exactly, but *IF* the fractal pattern holds through to it's conclusion we should see a bump that mirrors November's rise. At the very least, I expect that the bears are out of steam until some sort of...

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I don't care if this pattern pans out with a huge bull move. It would be nice if it did, but the already existing confirmation of this pattern is astounding!

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The 8hr chart closed twice in a row showing reversal candles, first an "almost gravestone" doji followed by a hammer. Neither is an extremely strong signal on it's own, but two in a row seems to indicate we have found a fairly strong bottom at around 1920CNY/310USD. Barring a bear whale attack, I think we're headed bullward. Given the bullish 3 Drivers pattern I...

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My previous chart showed a head and shoulders that would break the previous support line at 1935CNY/310USD. That support was broken but the bear run appears to have lost momentum. Now in the remains of the prior Head and Shoulders there appears to be the makings of a pretty strong 3 Drivers pattern. The time frames are close to symmetrical and the retracement...

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Here I have layered two gann squares that illustrate the current curving trends of the BTC price, one large and one small, both nearing a break into their 4th ring. On top of that, two fans which nicely encapulate the bullish and bearish trends. Bear starting in November, Bull starting at this recent low in December. The Bullish fan also coincides with the long...

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Auspicious convergence. Never mind the comment about the reward halving, was using wrong info, that is not scheduled till 2016. Probably a good buy signal for even the most bearish of trader.

SpielMeister

Strong up trend, combined with breakout over the 3 day resistance trend. The top of the elliot series indicates that we will head down for a bit, but bulls should buy in at the convergence of the previous resistance line and the new trend line.

SpielMeister

With the convergence of two downward resistance trends that have played out over ~3 days and ~1 month respectively, it appears that the market is in for a big move very shortly. Watch for the market to dip below the long term support line on CNY, or to the long term support line on USD, and then shoot back up to the 1-month trend line. If we break through that...

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The Head and Shoulders that was displaying yesterday looks to have not had enough momentum to continue below the long term trend line. After testing the 310-314 support range several times today a smaller invert head and shoulders began to display. If we see another sudden bullish move in the next few hours it could continue for at least the next few days. My...

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Based on the current lie of the head and shoulders directly after the December Low, it appears that bearish sentiment has "resumed" (or rather, it never left). If we close below the long term support line (drawn from the gradual curve before the 2013 bull run through the October and December lows), we're probably in for a long haul downward. Alternatively, if we...