Here we have the latest bubble pattern advanced forward up the trend line.
An adjustment of the green box and interval positions.
I'm seeing many seemingly related events taking place on very similar time intervals on this overlaid bubble data. It looks like major price moves are playing out in very similar patterns but there doesn't seem to always be a move in the same direction. The double chevrons indicate a strong correlation of price movement. The opposing arrows highlight where price...
Alignment on this one is based on the peak of the bounce after the low. The circle indicates the alignment point.
At the request of MagnusTradingGroup I did this chart with the Bitstamp data. I based the alignment on the initial bear trap that occurred before both run ups. I'll do some more charts like this with different alignments.
Copying the bars on a log scale. The similarity of the patterns is uncanny. If the pattern continues it would suggest that price will head up from here. I wonder if it will continue the pattern. Let's find out!
This is just some noodling on what price might do. I think this price channel is reasonable now since the Feb 24 low. I think there is a lot of price interest between 800 and 900 with consolidation levels in between. Just a rough sketch mainly for my own future reference.
The last 2 ATHs have been 34 weeks apart. If we extend those intervals out along the trend lines we see a new ATH around the last week of July 2014 in the $5000 range and a new bottom in November in the $3000 range. Comments encouraged.
This is the 1D chart for the previous idea.
On the 1D my indicators tell me there will be a natural swing back up to the top half of the price channel we've been in since early Jan. Strength on this time scale will dominate the action on the shorter time scales. I think it's most likely to oscillate slowly up over the next 3-4 days. I have a hunch that we won't hit the top of the price channel. I don't see...
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Looking at the 15m I see even less clear signals for entry. The stochRSI was vaguely trending up as the price fell to 803ish. It is high here but the price did not rebound beyond the 810 resistance. We've seen a lot of sideways action in the past days so it could bounce along the under side of 810 for a long time while the accumulation rises. These conditions are...
I often look for clear entry/exit signals using the stochRSI indicator along with Fisher and as much other information as I can get. Here we see a fairly strong buy signal as the stochRSI crosses up over the 25 line at a steep angle. The Fisher is in agreement. But I'm skeptical about the actual upward momentum here because of the high level of Accumulation shown...