PonziUnit70

PonziUnit70

I'm long, but it's difficult to be bullish on BTC when it's trading with GLD.

PonziUnit70

Almost comical left shoulder returns an accurate trend line which would serve as reversal indicator.

PonziUnit70

Corrected, not a perfect fit on time and price points but I've attempted to follow the ratio as defined in the pattern rules and the pattern fits at least within the price action on this chart. www.tradingview.com Short term call. Looking for an upside down head and shoulders pattern that rhymes with the Three Drivers Pattern already on the chart. Need a price...

PonziUnit70

While not plotted off exact bottoms and tops, the Three Drivers Pattern now fits with proper ratio and within the price action of bitcoin. It is also not a perfect fit according to time as the second fractal is a shorter time frame than the first. After learning about how this drawing tool works, this is the best I can come up with to honor the rules....

PonziUnit70

Short term call. Looking for an upside down head and shoulders pattern that rhymes with the Three Drivers Pattern already on the chart. Need a price rise to near 710 over next few weeks or one of my fractals / projections is broken. updates: 5/27 if break below 550, support is 473..., 5/30 right up under the trendline @ 629., 6/1 price poked through 683 and the...

PonziUnit70

I've never used the 3-drivers charting tool before so I'm not sure about this last plot in August of 2014. Edit: Corrected once I learned the purpose of the tool - not a perfect fit, but it is at least contained within the price action:

PonziUnit70

Andrews Pitchfork is 'in tune' with trendline off the one-penny low from Oct 2010. Should be a bottom.

PonziUnit70

Drew that fork a while back and had tossed the green line down for an absolute low where I'd consider this fork and trend intact and one way or another MtGox made it happen.

PonziUnit70

Comparing last two days to April low.

PonziUnit70

I am looking for channels formed by this up-sloping Andrews Pitchfork tuned with Fibonacci ratios. As of this note, 12/4/13, BTC price is contained within the 68.1 and 78.6 Fibonacci. Price could collapse below the median line, could collapse below the lowest bold gray line, could collapse all the way to the green dashed line and still, long term, be influenced by...

PonziUnit70

This chart allows for huge volatility - while I have not used the channel tool, I've extended the fork with trend lines to simulate a channel. I've drawn a couple of fractals with the green lines to impart a time frame for 10 to 15 or even 20 times growth to occur over the next twelve months. The target on this is over 7000.00 but it allows for as low as 950....