XMANGO

XMANGO

Here are a number of useful trend lines and indicators to keep an eye on. Overall, I am cautiously bullish. I am cautious because, while further downside is possible, I feel it is more limited than the longer term upside. Go slow.

XMANGO

This chart is the result of various fractal analysis and attempts to map the physics of prior similar events to the current situation.

XMANGO Updated 

It's looking like the window is passing for one last bull trap. We're being suppressed by the legion of shorters on Bitfinex, who are absorbing the last of the bulls trying to break this upward. This also explains we Bitfinex does not have the usual premium over BTC-E. You'll notice that BTC-E actuallt formed a nice ascending wedge at this level, whereas Bitfinex...

XMANGO Updated 

We walked the price up and up, now we have to pay the bill.

XMANGO Updated 

Fractals, baby.

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This is just an updated possible path based on our current S&R mapped like the post-Coinbase pump from early 2015.

XMANGO Updated 

The closest situation I could find to our current one is the correction we had after the Coinbase pump in early 2015. We had a nice steady rally that brought us to a double top. Here, I've translated it to the current situation. If it works out, you could play the top and bottom of this channel, and consider a short when the curve breaks.

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Just some pattern analysis applied to the current trendline biases. Looking to convert this H&S into an iH&S with us having completed the left iShoulder already.

XMANGO

Just some pattern analysis applied into 3 paths. Look for next fall's election to begin the next phase.

XMANGO Updated 

Just a chart showing the possible retracement to 600.

XMANGO Updated 

BTCUSD Matching 1 Year ago

XMANGO Updated 

Bitcoin has found a new channel, with big support at 300. Still looking for dumps on Xmas, though!

XMANGO Updated 

This is based off the similarities in form and RSI to the mid-March rally and dumping we had. Support levels to break would be 330, 315, 300, 280. Whichever support ends up holding, will define how bullish the market really is. You could probably just each of those dips and sell the bounces. In case of a serious dump, expect 265 to bring tons of support.

XMANGO

Here's a look at some patterns from past similar situations, overlaid in the curved channel going back through 2014. I've drawn in a more bullish move in 2016, as I believe, aside from wicks, the channel will hold us over $265. It could be a very depressing Christmas though, so be open minded and focused on the future!

XMANGO

Just for fun! Don't get your panties in knot.

XMANGO

Possible turning points going into 2016.

XMANGO

BTCUSD Bullish, showing max downside on correction

XMANGO

Cursed chart time!