Vatis

Vatis

This is another option for an Elliott wave. Special thanks to the user sujoy.sikder. Let's have a look at the chart. I focused on Elliott since the last bubble and now it makes more sense. The yellow wave is a retracement of the bubble. The black invisible waves complement the big yellow. Here you can follow my analysis: www.tradingview.com

Vatis

I've been looking for the Elliott wave and suddenly it became clear to me. Have a look at yellow retracement - it can be a good sign for the azure upward waves. I think that it confirms the green channel idea.

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Here you are. The RSI has tricked me and turned back under the red line. The triangle pattern has repeated itself before, so it is very probable path.

Vatis

Small update. We have crossed the RSI red line. In the chart you can see a very possible scenerio.

Vatis

The user called SergluFala had inspired me to implement RSI into my chart. And then I realised that the RSI was my missing factor. Just look how it integrates with the whole picture. I am curious when are we going to cross the red line, but I suppose it should be somewhere in the yellow triangle or exactly where the green arrows point.

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I have just mixed all my previous ideas into one, hopefully the most possible. Just have a look at the chart and tell me what you think of it.

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The green channel was succesful for me - I've menaged to recover MtGox loss with a surplus. However, the latest events reduced my surplus. I think that there is no much to say about this chart. It is visible, that we need to come to the yellow 360 to go up. What's more, please focus on the strong red resistance line. If we are going to repeat my pattern, the red...

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I'm becoming more bearish after bitcoin crossed my green dotted line. The blue 430 USD support seems very possible, but I'm hoping for the yellow 360 USD, not to miss a good opportunity. EDIT: Of course I meant SUPPORT LEVELS. Sorry for my mistake. Thanks for the tips: 1Nq17yzUm44amQEvCE5tUSjCrvP8nXqvy

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Let me share with you the analysis which I've been creating since April 14'. The strong lines represent the main resistance (red) and support (green). The green arrow points the possibility of breaking the red line by simply following latest red channel. After that it can only be better... You can tip me here: 1Nq17yzUm44amQEvCE5tUSjCrvP8nXqvy Thank you