Turco

Turco

This chart is pretty self-explanatory. However, the symmetry has been very profound the last few weeks.

Turco

Follow up from previous chart - Will history repeat itself?: It looks like yesterday's call, has started to play out and BTC has broken upwards. If momentum can be sustained, we should see a test of the next major trendline in the $360 range.

Turco

Looking at the unusually high sell volume down to $166, it appears that many sellers have capitulated. We are pressing up against a key long term trendline, and the similarities between the April / May 2014 bottom are profound. For now $215 has shown significant support in the form of a triple bottom, and I am "cautiously" long (unleveraged).