TradingBits

TradingBits

A good position to take a long appears to be in the price range of 420-465 dollars. There is proven high support in this area. Assuming the trend on the high lows hold, then 455 dollars will be the ideal buy in point.

TradingBits

After a long bear market, the Bitcoin phenomenon requires a double bottom to renew price confidence. While the market is late for their yearly speculator bubble. New confidence in a higher, $550 dollar bottom would show yearly gains in the xxx% range and allow for further speculator growth Additionally, with the US market index held afloat by QE that is unable to...

TradingBits

Based on short term arc and volume support exponential drop.

TradingBits

I've extended the curves from my previous chart. Support broken and tested with a failed test.

TradingBits

If price breaks below blue line, the bubble will collapse more. If not, this was a mere correction. 9:30 until completion of this arc.

TradingBits

It looks like nice divergence from the main bubble curve. Plotting support. Note: Weekend low volume. It's either panic sell or panic buy on Monday.

TradingBits

Model built assuming bubbles follow a basic parabolic shape due to increased buying excitement.