Felix000

#bitcoin TO THE MOON exclusive here's a new BULL side argument

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
#bitcoin has seen bottom - exclusive here's an new BULL side argument.

Chart Construction:-

1. Box with yellow border the last two fractals of each month.
2. Add a purple vertical line denoting the last fractal of the month.
3. Box with light blue border the first two fractals of each month.
4. Link within green box yellow boxes (end of month fractals) which fall within the volatility of a light blue box (first two fractal of the month) in between.
5. The purple box is just there to confirm that bitcoin 0.16% had bottomed by looking back at a previously lower price.

Since December 2013 there have only been two other occasions like the one this year (which has just completed), and both of them confirmed bitcoin 0.16% bottom.

Don' forget all studies 50/50 till they break out of some box.
Comment: Current photo
Comment: First example
Comment: Second example
Comment: In the above chart I left out the other first two fractals of the month i.e. boxed in light blue, apart from the one which was of interest.
Comment: Note that the LOW made 14th August could also be the bottom. Like in the second example above the bottom happened before the green box whereas in the first example it happened within.
Comment: Don't forget my other tweets
Comment: And more
Comment: And more
Comment: And more
Comment: And more
Comment: All 50/50

Enough charts above for bulls and bears for sure.
Comment: Volatility of the first day of the month always and interesting play in first eleven days. Usual 50/50 bull or bear. Can break out in one direction, or, whipsaw. Which is it going to be this time. Hmmmm.
Comment: From my latest post. See post for construction details and comment
Comment: If bulls can hold do you see on the chart below what the beautiful moon could mean?

Comment: Waiting........
Comment: In the chart below I'm thinking that for price to have bottomed on the weekly chart do we also need to make a consecutive weekly Williams Fractal low. Maybe a higher weekly high now could be one step nearer to getting it done quickly.
$6,921.4 is a 61.8 retrace. I've gone for a bit lower.
Comment: Here's what I mean
Comment: Based on my TO THE MOON study posted 2nd October we also got consecutive daily low in the first example reproduced again below

Comment: How useful are consecutive daily fractal lows at identifying lows. Well maybe once a year? Have marked them in white in the chart below. Didn't check for sure in detail but does look like at least one of them managed to catch each yearly low.
Comment: My latest post which is an update of an older study "bitcoin bulls could surprise & surpass expectation 50/50"
Comment: Bigger picture
Comment: Watching
Comment: Watching bigger