BTC currently fighting in the exact price point where the drop happened. Not the first battle here either. Outcome still uncertain.
The green dashed line marks the 50% point between the 19891 high and 0. We have been chopping in that neutral kill zone between big support and big resistance. Outcome remains uncertain. There are strong indications for a big move but direction is not at all clear (though downside seems more plausible in my opinion). Trade with caution.
Still more upside on this channel and now clearly ranging within a very tradeable wedge.
We're going for a retest of the major downtrend. Long till 10.5-10.7.
This is more for fun than actual long term prediction, but still interesting...
The downtrend line perfectly predicted the 9k. Now we range from 8900-7900 towards closing the triangle.
We just completed a perfect 100% fib retrace of the mega pump since Nov 23 to the top, almost exactly on the 1D 200MA.
Is there a fractal nature to markets or are these the same strategies (and bots) running with different parameters?
BTC + DOW Index We only bounced when the DOW closed. But also Argentina, Brazil, Venezuela, Japan, Turkey and Ukraine crashing yesterday and today... Winter is coming.
Upwards channel breaking out of bigger down channel.
Take heed of Bitcoin's low volume behavior. This is not a traditional market.
It seems as though our growth was planned way back in time. I give you the most important line in Bitcoin history. Everyone who sold above it is a winner. Watch out for this one in the future. Clearly big whales have been watching it (and it's parallels). Someone has been steering these channels since way back. Donations:...