Full credit initially for this chart goes to JoeBu on TV. He was kind enough to share his initial find with me. I dug more into it and detected the 36 days consolidation/sideways pattern (yellow rectangle) before each megabull cycle started. All those cycles occurred however when Mark Karpeles was in charge of Mt. Gox failed exchange where initially the bot Willy...
After touching the 1D top of the Bollinger Band @ $463 following the crash of several currencies and stock markets worldwide, Bitcoin entered sideways/consolidation between $463 - 440. I expect Bitcoin to retest the support at 442-436. So if you missed the initial break out, make sure you buy in this area. Your stop loss will be at $422 in case Bitcoin fails for...
Bears: Bitcoin is showing weakness with a double top at $475-500 and H&S formation as well. A move below $400 on Bitfinex will confirm the bears taking over and a potential revisit of $340-350 and even $315. Bulls: If we manage to hold above $400 then we will stay in 2 weeks of sideways and consolidation and break out after January 15th towards new highs of...