3 Week previous hi 312 lo 272 Wk2 July-13-2015 sales volume 1/3 lesser Wk3 July-20-2015 buy volume is 2/3 lesser Wk4 July-27-2015 sales volume is a little more Following the monthly chart a consolidation after the bull run in the 280-250 range similar to May is looking fresh. There is considerable hype about reaching 300+ levels but nothing is guaranteed and...
chart speaks for it self
3xWeek Previous lo 248.5 hi 316.2 swing lo 213.9 hi 316.2 Wk of June 29 buy volume increased 2x Wk of July 06 buy volume increased 1/3 Wk of July 13 sale volume 1/3 less
We need to reset all these indicators next week to see new highs I foresee a bearish week.
Annotations are on the chart. I used TIMWEST's Timenode method mixed with my ideas to build how Bitcoin will rally in a "healthy" manner to $300 initially then 360-400 later on. Since my last chart I have been accurate enough, will see how this plays-out. As I explained to some in our IRC channel, it seems market makers are not looking to make BTC go parabolic as...
Notes are on the chart. As long as we remain above 227-232 area I am slightly more bullish.
An warning update on my previous chart from a 2-3 weeks ago roughly, we see that BTC decided to delay the inevitable by not touching down a 4th time at the time I published my initial chart back then. Instead it decided to consolidate furthermore and attempted a break out again only to be stopped at the top of the downtrend channel outlined on my chart by the red...
As you see on this chart (zoom out necessary), Bitcoin has a repetitive history with triple bottoms which entails a 4th touch of death when it touches a 4th time . This happened at least 5 times in the past (see squares and red ribbon). Chances that this happens again now are extremely high. Any weakness below 223-215 will reactivate this doom scenario with a...
i think like this , dowjones index Going down on this time
This spread has a history of returning an average of $892 if placed on 12-26 and held until 2-12 of the following year, 87% of the last 15 years. An Elliot Wave can be drawn on this a few different ways. The green pattern shows that we could be in the ABC retracement right now and would advise to stay on the sidelines. But the case could be made that a new wave...
Seems we built strong support at 620-630. We have spent enough time their that we are now able to continue the up trend. However before we resume our rally towards 750 we will most likely be within the 665-630 range until July 24th.