Ni6HTH4wK

Ni6HTH4wK

Bitcoin Truevalue™ is generated by a simple equation of blockchain data and based off the price of the $25 pizza bought with 10,000 bitcoins ($.025) back on May 22nd, 2010. Data provided by QUANDL.

Ni6HTH4wK

Unlike the previous bullish rally, this one might stay undercover due to the low incline of MFI. Ultimately we're still going down but for the time being, this is as good a place to pick up some BTC as any. OBV is showing a major bullish trend but until we pop up out of the MFI resistance line, I don't think we'll be visiting the moon anytime soon. Considering...

Ni6HTH4wK

This chart is without Heiken Ashi. This paints a more complex picture when the bars aren't averaged all up. Would be best to find a spot and hold on, this could rocket up any day now without warning. The intensity is all up to how many players will FOMO... considering there is 19k BTC shorts open, there might be a few if we don't let them close.

Ni6HTH4wK

What were you doing May 13th? Looking for that extra short close or preparing to go long? What were you doing July 21st? Looking to continue that long streak or preparing to go short? What were you doing November 9th? What are you doing now?

Ni6HTH4wK

Haven't posted in a while. Been busy with work and stuff... not really sure what that grey column is doing up top... wierd.

Ni6HTH4wK

Pretty obvious short right here due to the RSI support failure. (u_u) UO failed too but that thing is crazy. 42 willy++ has a huge sell indication... and that thing takes forever to find a buy/sell point. Short term correction should happen around S1, S2 with the final support at S3 giving a nice bounce and ending the gartley. Timeline is obviously not in...

Ni6HTH4wK

Take a good look at the big picture and this mini session is basically charting a course for our future. Besides fractals, the current bear-bat does indicate lower lows... who knows if we'll complete it.

Ni6HTH4wK

Not fleshed out so this is just an expected route... it may go up a lil higher. I'm terrible at anything <4hrs so don't blame me if it doesn't pan out exactly. You can short if you like since at BFX they dropped down to 8.8k during this rise, which is almost safe. That basically means the bears are done selling. And if you didn't long before, you'll get...

Ni6HTH4wK

.886 is still on the outside of this position which indicates a healthy harmonic - plus the markets look satisfied at this point. The trollbox is rollin with BEAR trash talk of low $400's which sounds too good to be true. A couple of TV bear whales pitched in and placed a large short in the $470 area to induce more selling, but with the nice bat pattern, any...

Ni6HTH4wK

I'd suggest locking in your bids soon. With the lack of major selling, low USD swaps and a gradual increase of shorts... I'd say we're in for a reversal soon. That doesn't mean we'll rocket ship up, but RPD looks ready to stop here. I have a feeling we'll drop a bit with a nice RSI divergence or 2... climb to $580 might take a while. Though if enough shorts...

Ni6HTH4wK

Short term - Long Medium term - Short Long term - Long Ultimately - Short This momentum is going up so fast, RSI and Willy haven't had a chance to indicate overbought. Right now should stop at around $555 at B which is about 50% retrace to the top at X. Then we should head back down to $490 at C, gathering more steam (btc swaps) for the big "moon" climb to...

Ni6HTH4wK

Mama = Blue line Baby = Gold line Almost at a position to long on daily... =D

Ni6HTH4wK

EDIT: Definitely was too early, but the Bullish identification of the pattern still exists as a Bullish Bat as shown below. I believe we are due for another wave to finish off a bullish 3-drive scenario. Otherwise, top will be in around $730 once the rally begins... and we aren't there yet (8k BTC swaps 20/08/14). It might be too early to call this, but I do...

Ni6HTH4wK

I'm rooting for the RPD reversal here, but... we could always change the dynamic bubble cycle and turn into a standard speculative market with no pattern. We've just hit the old GOX-STAMP bubble trendline support (another chart) and if it fails... I'll be expecting this Gartley pattern to emerge.

Ni6HTH4wK

You can wait till China crosses the small bear trendline, or you could buy early and grab a good seat for this small rocket ride that could potentially turn into a moon. ABCD paints a target on $680 USD from our last small run up... that would break the bigger bear trend so we'd need a lot of momentum to do so. Otherwise, for a small gain, the white line here is...

Ni6HTH4wK

EDIT: BTC-CHINA picture below... oooh its beautiful too! I wish I had seen this before. I created this script about a month ago. it's almost like RSI but without the restriction. For now, this is a good long spot until we hit the next high. I'll check BTC-CHINA (houbi lack of data blows) next to be sure this is correct, but for now I'm confident in this...

Ni6HTH4wK

OBV is at a major intersection here. RSI is bullish. We could also go down and touch the rsi support again. But I doubt it only because we only just touched it on the 10th. If we have a failed rally here, I fully expect a dump down to $590 or so. It might be a slow one so that RSI doesn't fall too far too fast. I really don't know why we haven't fallen after...

Ni6HTH4wK

It's almost as though we haven't left the bear market yet. The MACD trendline convergence happens in the fall (Oct - not charted) which is also when an expected Bitcoin ETF from the Winkers should be debuting. Should be fun if it plays out that way. Also, I've noticed our Bitcoin market moves almost in parallel with the DJIA and S&P (S&P charted in red-green...