Analysis

[pinky]

In summary ;
BTC   monthly    will go up   

ok, but why?

Because the green arrow says so.

[Afrikoin]

What about this Hammer  http://tinyurl.com/ozhru7m  forming on weekly /only on bfx byt u know .... As luc said,we are sitting on 18 months broken log downtrend bear line, now support and weekly sma200 /8 months support/ both around 220+very very very oversold market

Long wicked candles like that one on the 1 Week chart are supposed to indicate that the trend will move in the other direction. If the long wick was point up we should go down, if the long wick is point down (like we have here) we should go up.

[coinableS]

What about this Hammer  http://tinyurl.com/ozhru7m  forming on weekly /only on bfx byt u know .... As luc said,we are sitting on 18 months broken log downtrend bear line, now support and weekly sma200 /8 months support/ both around 220+very very very oversold market

Long wicked candles like that one on the 1 Week chart are supposed to indicate that the trend will move in the other direction. If the long wick was point up we should go down, if the long wick is point down (like we have here) we should go up.

Haha, yea... but what about all the other wicks that show movement in the other direction?
You can't expect to TA that anomaly that happened in early 2014.

[ssmc2]

You could call this one an anomaly as well though. I mean, it didn't register on any of the other exchanges.

[Afrikoin]

ICYMI

[Eivind Nag]

Im going to go out on a limb here and say that this is whats going on:

https://i.imgur.com/u7OMDeM.jpg

On the other hand, there are no quadruple bottoms.

Suggest sitting on sell button if it crosses the trend line downwards and on the leveraged buy if it breaks the tripple bottom pattern upwards.

[Fakhoury]

ICYMI

Do you still believe in it ? and why ?

[Afrikoin]

ICYMI

[img]https://i.imgur.com/DwnwmkI.png?1[img]

Do you still believe in it ? and why ?

I just put it up here. I've said it here before that the fact that this chart exists and everyone can see what is 'about to happen' means it will most likely not play out in a similar fashion. it is much too obvious and this is information that is already priced in. I would be very very surprised if this pattern repeated itself.

I was watching Jeffrey Tucker speak at the Australian Bitcoin conference. very good talk btw. Anyway, he said price goes up, drops to half, then goes up again, repeatedly.

It is my opinion that this pattern is now stale, and might be time to ruffle some feathers and pull an unexpected pattern event that will catch many off guard. Falling to $125 might be a start

my 2 cents.

*edit

Also, ive seen many say price trend past 20 months has been slower than years before. partly due to more participants, infrastructure and financial products. Already, if you look at both charts, this should maybe account for twice or even 3ice the rate in 2012/2013. So perhaps a VERY long flat period, OR, some bumps along the way before X2 or X3 speed settles in.

**edit

i also have biases from MACRO stuff from Martin Armstrong's thread on global capital flows, private assets, gold etc. Basically, BTC will rise well with other asset classes in its category when major global markets start exhibiting weakness.

***edit

As well as a couple of EW analysts that i keenly follow.

[Afrikoin]

Im going to go out on a limb here and say that this is whats going on:

[img]https://i.imgur.com/u7OMDeM.jpg[img]

On the other hand, there are no quadruple bottoms.

Suggest sitting on sell button if it crosses the trend line downwards and on the leveraged buy if it breaks the tripple bottom pattern upwards.

V good charts. I'll be observing this. Also fits in with Master Lucs oversold territory, so either way, we could be in for a rise in price. How high, not sure. But rise all the same

[RyNinDaCleM]

Im going to go out on a limb here and say that this is whats going on:

image snipped

On the other hand, there are no quadruple bottoms.

Suggest sitting on sell button if it crosses the trend line downwards and on the leveraged buy if it breaks the tripple bottom pattern upwards.

Now, the red note on the top chart is just an  FYI. I'm not trying to use that as an argument against a rise, just that it is valid.
http://www.authenticfx.com/candlestick-secrets.html

[Eivind Nag]

Im going to go out on a limb here and say that this is whats going on:

image snipped

On the other hand, there are no quadruple bottoms.

Suggest sitting on sell button if it crosses the trend line downwards and on the leveraged buy if it breaks the tripple bottom pattern upwards.

image snipped

Now, the red note on the top chart is just an  FYI. I'm not trying to use that as an argument against a rise, just that it is valid.
http://www.authenticfx.com/candlestick-secrets.html

I agree, I just pointed out the most bullish case. But it is just as likely its a pennant and a continuation pattern, the volume supports this as well. If this is the case the price movement would likely take us back below the long trendline. The price would likely decline substantially. Its an interesting junction.

[Chef Ramsay]

Im going to go out on a limb here and say that this is whats going on:

image snipped

On the other hand, there are no quadruple bottoms.

Suggest sitting on sell button if it crosses the trend line downwards and on the leveraged buy if it breaks the tripple bottom pattern upwards.

image snipped

Now, the red note on the top chart is just an  FYI. I'm not trying to use that as an argument against a rise, just that it is valid.
http://www.authenticfx.com/candlestick-secrets.html

I agree, I just pointed out the most bullish case. But it is just as likely its a pennant and a continuation pattern, the volume supports this as well. If this is the case the price movement would likely take us back below the long trendline. The price would likely decline substantially. Its an interesting junction.

Nice change of tone, trollypop. Walmart is hiring in your area so there is a positive shift that you could pin your name on and make a nice living doing so. Best of luck to ya, tho.

[Cconvert2G36]

Im going to go out on a limb here and say that this is whats going on:

image snipped

On the other hand, there are no quadruple bottoms.

Suggest sitting on sell button if it crosses the trend line downwards and on the leveraged buy if it breaks the tripple bottom pattern upwards.

image snipped

Now, the red note on the top chart is just an  FYI. I'm not trying to use that as an argument against a rise, just that it is valid.
http://www.authenticfx.com/candlestick-secrets.html

I agree, I just pointed out the most bullish case. But it is just as likely its a pennant and a continuation pattern, the volume supports this as well. If this is the case the price movement would likely take us back below the long trendline. The price would likely decline substantially. Its an interesting junction.

Nice change of tone, trollypop. Walmart is hiring in your area so there is a positive shift that you could pin your name on and make a nice living doing so. Best of luck to ya, tho. Iggy to your latest tho.

Check the join date and cower in shame Chef. A handful of posts, and yet more than you've ever contributed...

[lebing]

IMO at this point technical analysis is not worth a damn until the blocksize issue is dealt with in a meaningful way. The path of least resistance will be down until that happens.

[masterluc]

New low, probably this in act.

Be warned, strong divergence with ralliing dxy and gold, probably bear trap.

[masterluc]

However

[Afrikoin]

However

Look what i found  Made this a while back

[kryptopojken]

However

Look what i found  Made this a while back

what are you trying to say, that you can draw a bull flag? lol

[Morecoin Freeman]

GOOD FOR YOU

Did you make any money? Go make some money.

[thefiniteidea]

Strong support for S&P 500 at 1840. Bought a little coin here at 220.