Gordon_Geeko

Gordon_Geeko

up lots (maybe 2x) if red line broken

Gordon_Geeko

Long or Short, depending how the small triangle resolves.

Gordon_Geeko

+320 when this impulse makes it to the top of rising channel

Gordon_Geeko

Since April 2013, touches and breaks below the white line have been good buying opportunities.

Gordon_Geeko

The difference between Mt. Gox prices and those of other exchanges is becoming extreme, close to $200. I believe the Gox - Huobi arbitrage is similar. Note the Gox price (purple area) is on a different scale to the arbitrage values. Mouse over the chart to read the price difference figures in the top left. For more information on this situation, I recommend this...

Gordon_Geeko

An angled resistance trendline drawn from 1st peak (ATH) to 2nd peak (rally failure) coincides with a horizontal trendline over next major resistance at 1000. A trendline passing from the inital rally's 2nd leg peak (roughly halfway up the total rise) to the last fractal high also coincides. (This trendline is arguably "retro-fitted.") Timing the double low at...

Gordon_Geeko

Wouldn't be surprised to see this happen... Update: sweet, Bitcoin made the right choice there. I wrote about this setup in more depth over at CCN: www.cryptocoinsnews.com

Gordon_Geeko

Now using a trailing stop below the low of the previous candle. 1st target is $1000. 2nd target is ATH. 3rd target: we'll see... - CoachSpoon, Bitfinex.com exchange lets you do this.

Gordon_Geeko

Price broke above previous high, I took that as a signal to add. Based on my previous cyclical chart, I don't expect a major bull move until April-May. I've revised my expectations accordingly. Will update my targets and stops tomorrow.

Gordon_Geeko

Repeated the pattern going forwards. Will be interesting to see how accurate this proves. This is my effort towards solving "the Mystery Chart" posted on BTC Talk: bitcointalk.org That thread also suggests a cyclical nature to Bitcoin. I have no idea what indicator(s) he's using though.

Gordon_Geeko

Green blocks lasting 214 - 238 days cover peak to peak. Blue blocks lasting 60 - 88 days cover major uptrends. Red blocks lasting 150 - 156 days cover downtrends and sideways churn. This looks convincingly cyclical to me. No idea what causes these cycles. If you have any theories or further observations, feel free to share.

Gordon_Geeko

This shows my trading plan going foward. Opened 1st position on breakout and MACD signals. Looking to add to position twice - above major Support / Resistance & next fractal high. 1st target for taking profit is just below All Time High.

Gordon_Geeko

This shows my trading plan going foward. Opened 1st position on breakout and MACD signals. Looking to add to position twice - above major Support / Resistance & next fractal high. 1st target for taking profit is just below All Time High.

Gordon_Geeko

Downtrend broken + breakout above previous fractal high on rising volume + MACD crossing = opened light position. Will add to position above $800, will add again above previous fractal high (~$975). 1st target just below ATH @ $1100. 2nd and 3rd targets will depend on price action at new highs. Stop below $350. Will set trailing stop as position develops.

Gordon_Geeko

As downtrend line is now broken, waiting for entry signal(s). Will add to position above 38.2% & 23.6% Fib levels. 1st profit target at ~$1100. Stop @ ~$325 below 76.4% Fib / previous Resistance.