I don't know if this is a very good buy signal yet, but it seems to work in some time frames, such as the recent flat period on the 1h chart and also this daily chart. At this rate, I'd be looking for a buy sometime in February...
Notice how the candle wicks (high prices) over the past few weeks line up with 1.618 on this fib circle. There is also some interesting alignment with 1 and 0.618 on some of the important low buy targets for December / January. Will prices continue to conform to the 1.618?
Fitting a fib wedge and time periods over the current price action yields some interesting correlation. The daily chart doesn't look too good and this 2h chart doesn't seem to be any better. The bearish consolidation we have been in this week seems to confirm the daily MACD cross-down is in effect, however; the high amount of moving average convergence in this...
Drawing fib circles from the low start of trend on the 10.2.2013 date to the "end of trend" on 1.6.2014 (wait a minute, 1.6? as in 1.618?) intersects the .5 retrace on 10.2. 2014 * 1.618 = 1244.7 / 10 = 124.47. Draw an extension line connecting the lows on 12.1.2013 to 12.18.2013 projecting downwards and matching the angle of the prior downtrend before Bitcoin...
After today's breakout on high volume failed to penetrate the ma48 offset channel this is looking neutral consolidation with opportunities to return to the mean.
A proposed pump and dump schedule based off of previous pumps and dumps. Updates coming.
A proposed pump and dump schedule based off of previous pumps and dumps. Updates coming.
Voodoo Dolls This does a strange calculation I came up with involving MA cross averaged between two periods of time in order to place Voodoo dolls (maroon crosses) on a trend line. I'd guess it's a trending indicator. What's cool about it is (when it works) It tries to predict decision times far into the future. These are usually small price swings or times the...
Like technical analysis? Here is an experiment I call MA Voodoo. It seems to work best with 15m, 5m, 2h and 1h charts. The 2h chart has predicted the timing of every major crash and recovery of Bitcoin days in advance! Voodoo Dolls This does a strange calculation I came up with involving MA cross averaged between two periods of time in order to place Voodoo...
Somebody mentioned BTC looked like a parabolic move with targets at 1500 and 2000, so I wanted to see what that looked like. The trend does line up with the parabolic curve. Coincidentally, both ends align with the new moon. There is a strong historical correlation to the phase of the moon which may explain the strange low-volume rise over the past few weeks....
This better explains the regression trend I saw earlier. To draw the fib channel, start at the high close during the full moon at point a. Continue through c and end on point e where it lines up with support line at $206. Stretch the width to point b at the $1242 high. I notice a lot of statistical correlation with this pattern in predicting highs and lows (yellow...
Update: Well, it escaped the yellow triangle and avoided the regular crash cycle. Why? Bulls are probably seeing a pattern like and apparent rising support/deflation hinted at by the 90 day moving average. I drew a regression trend through December and it automatically encloses the current move. (Try it). This suggests to me that it really hasn't broken out of...
Disclaimer: I'm among the 99% who lose on these small moves. That said, I think a quick 15% is possible with entry below 750 (shown, but actually I'd trail stop to 920). (Since I'm usually wrong and timing suggests I'm a lot late on this trend, I will likely stop out at 709 and wish I had gone short).