This is a risky one, dream big, play small, but it's an interesting concept. I guess I see opportunity where others see a dead horse. Supply is 21 million, the RSI doesn't match up neatly but every time it drops into oversold, especially in a cluster of 3, price eventually has a nice pop. Just be Patient. Looking at February or even next summer for a target....
Bitcoin tends to pivot on 'funny numbers' such as 1337, 420 or 66. Looking at support lines, one passes through the line of $1666 . It is possible the BTCUSD could bounce at this point considering it contains one of the aforementioned numbers being '666'.
Entered long on this trade as I believe we could see a new higher high created after seeing many confluences. I do believe this pair has began a possible reversal. There are fundamentals due tomorrow (25.01.2017) impacting the NZD we could see this pair go beyond the 1.5000 price zone.
I find a possible similitary in two triangles. First triangle in July and August, second triangle is rigth now in process. First triangle was for 42 days and broke out and drop. Second triangle is in process. Will be a very soon break out in this triangle? I think that is possible. I count the number of days from deep drop (Oct 15, 2014) to the end of first...