EDIT: This chart is flawed with a larger than placed parallel bar. But, since I've published this chart, it seems new information has been put out about MTGOX trading practices that will probably hamper our prospects after breaking the ATH this summer. (And some EW failure on my part) I will be putting out another similar chart that reflects these changes. Got...
TLDR: After we touch T4, I believe we may be entering in a minor bear that will last up until early June. If we continue on to $548 (last top) then we will be in uncharted Bull territory with only fibs to guide the way. YAY! So we crashed through the bear triangle... NEVER to return again. =) But, these waves give me some pause... if we go too fast then we'll...
Was looking at the past dead trading spots to see how long they lasted and what percentage they traveled in and came up with this chart. Since the beginning of time, all dead zones that lasted 30+ days with <11% price differences, ended up beginning the rally. So I think maybe beginning on May 26th we may see a never ending bull ride up until late July (15-25). ...
Basically a percentage graph with tweaks to help identify hidden trends... such as the bull market forming here. Inspired by Lazybear. =)
EDIT: Update posted. Barring any crazy investors buying btc at an exchange instead of an ETF stock exchange fund... normal buys will reach a peak sometime soon (May 10th 0001-1200). Willy almost looks like he wants to say "Hi", but I think he'll stay under the covers which will make the downtrend less interesting and hidden. MACD is showing a nice bull...
New pump from China right now might be substantiating my claim here, or just facilitating a big dump incoming... =P BUT! According to my newly acquired tools from LazyBear, looks like we have a small bull session ahead of us since the broken trendline just occured and the inverted RSI shows a clear upward trend vs the flatline on the previous dump. I don't...
EDIT: Disregard this whole thing... lol. My target hit and I shorted but I held forever thinking we might go down some more... we didn't. So I lost $~600 while we went to the stratosphere. =( When my target got hit earlier today, I was very excited! Hopefully this trend continues and we retrieve our profits on the 5th... or whenever it hits. With the PBOC...
EDIT: Updated version below. Added fib-channel, adjusted bear pennant and added some icons. So... we've arrived! We are definitely in that despondent phase where no one really wants to trade. And we still have no clue where we are going, thanks to China. I discovered the "Fib Speed Resistance Fan" and applied it here to see if any patterns emerged. Apologies...
EDIT: The publishing distorted the trend angles... look below at the picture I was trying to show. When using the bottom candle as a guide, notice the bear avg trend line is symmetrically right along the bottom of the bull trend line. The angle of the bull bottom tips point to a location on the bottom candle. Our current meandering is waving like a flag that is...
After the recent No-China-Money-Monday (NCMM)(tm), my old bear lines came back out to make sense of the situation. The 15m trend line needed some modification to adjust to the bull spikes, but they still looked forced. So I decided to look at a bigger picture of the situation. Yesterday, I forced some trend lines to find the bull that everyone else seemed to...
Tried to publish this earlier. The recent China news won't reverse this bear trend. Bears are going to eat until they are full... Looking forward to a couple of days from now when the price has its last foreseeable drop. From then on I'm a bull!
EDIT: Did I say 2 days? I meant 10... lol After the third wave of Elliot, I think I can accurately predict the next few days. Just want everyone to be cautious and don't believe the hype of an early bull run. These bears need to take their full course before they are satisfied and let the bulls can take over. I originally predicted a drop below the market...
The recent, dramatic, pump by China and contributing individuals, has outperformed everyone's best expectations after the drop to 348, the lowest of the season. What I'm showing here may or may not happen, but the idea stems from historical observations of time, and the recent impatient-ness of our whales. 7 days to drop, 4 weeks to waver, 7 more days to...
I look for long term investments, so buying at these rates even if they go down, aren't a problem. Unless this pennant is nothing like it's ancestors, we should be seeing the beginnings of a strong rally in the middle of May. If it goes too fast, it will dive again and we'll lost momentum to be picked back up in July. If it does level out in June, everyone...