BTC price quoted via GBP shows perfect price action at each 0 level. Hey, Brexit is just around the corner!!
Trying to apply the inverted Head & Shoulders pattern to the recent BTCGBP activity
This is my first published chart. Pretty new to chart analysis but trying my hand at putting my thoughts out there. I put most of this together on Friday (17-01-2014) and have added comments and forecasting since (after some very insightful advice). Been watching as things actually seemed to play out not too far from what was expected, kicking myself for not...
Lesson I.
$BTCGBP - TG-1 = 179.89 - 13 DEC 2013 | #BTCGBP #Bitcoin 4xQuad predictive analysis points to a forecast back to TG-1 = 170.89, as a high-probability primary target ("TG-1") David Alcindor - 4xQuad.com
just my thoughts on bitcoin price. new hardware due to hit the market in the next month. Wonder if the increase in difficulty of hashing will show a price rise to match.
The BTCGBP has breached pink sliding parallel resistance active since late April and may recapture the Blue Lower Parallel am looking to see if close on the next few 4hr bars remain above this line. I do not mind a dip bellow to pink line to check if it is still support, bounces there would be very bullish indicating a potential GBP40.00 move up Meanwhile...