Here we see a butterfly pattern on the Euro, Pound charts.
Like most trades i make, i try to find support inside the linear regression channel and here we see the patern complete along the linear regression and the butterfly would suggest that we rally back up into, if not past, the positive standard deviation line.
I have placed my targets like any other...
Here I see a price action trade along the linear regression line with standard deviation set at 2 and -2. I also believe this may be an Elliot wave cycle.
If i remember correctly, the third wave, should be about the same length as the first wave, so i have placed my limit at the 1.618 extension of the second wave, just to be safe (remember, still learning price...
Here we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression.
I believe that the market will rally down into the 1.618 extension of the BC leg before consolidating again, or reversing.
I have placed my entry at current market price, my stop is at the...
Green: lin reg of all time price action on Bitstamp
Red: lin reg of downtrend
Assuming price is going to spend same time bellow the green line as above it, and also move the same amount (in %).
I'm using linear scaling because linear regression doesn't seem to work well on log scale.
We might see a last push towards 130 - 152(last major low). place your bids in...
