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Topic: Stock Market charting BTC (Read 826 times)

hero member
Activity: 966
Merit: 546
November 12, 2014, 10:10:48 AM
#1
Here is a four month downward channel with bitcoin.  http://imgur.com/Hf3AcQ6,piL7U3L#0   . From that you can see the 4 month channel bitcoin has been trading in, and you can also see towards the end (a couple weeks ago) consolidation towards the upper half of the channel. This is a significant signal of a breakout to the positive side. This is just one chart, and by itself doesn't explain much.


Chart 2:  http://imgur.com/Hf3AcQ6,piL7U3L#1    .   This is an overall graph of bitcoin year to date (YTD). As you can see, there are certain patterns trending within the graph. First off, every time the lines cross on the graph, there is a steep decline or incline. In stocks we call these stochastic oscillators. They judge the supply/demand of whatever chart we're looking at, in this case BTC. You will also notice the exact time-frame of 4 months between stochastic buy and sell signals. We have not hit a complete buy signal yet, which means you still have time to get in before the rally. These are the time periods where you want to buy in or sell off, before the stochastic signals actually touch. The charts are siting bitcoin is going up at least $200. Good day   Grin
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