mortonpeak

mortonpeak

if we drop further, we will recoup 2x in next two months, per historic purely speculative, not trade advice, do your own research

mortonpeak

the two day standoff, yielding two dojis are moving toward healing in BTC. This may not prove to be meaningful, but it is sign of a standoff. I think some people have walked away from the market until someone comes in and either drops the price in a sale or buys it up. I would consult the order book to look at where we stand -- just did GDAX is very balanced...

mortonpeak

our likely bounce back, in channel, no matter if if collapses below the yellow

mortonpeak

FOR YOUR EDUCATIONAL BENEFIT ONLY: do I think it will drop below the yellow, above? No Plenty of buyer action at the yellow lower line. Bears can't drop below. Might have to let it rise Bears can get into the 8K area right now, but it won't last, the yearly trend is demonstrated and sticking to it whales doing us the favor of keeping us in the market, but...

mortonpeak

Not trading advice, but definitely a good day to go fishing for some good deals, check out the parallel channel, ascending Do your own research, not trade advice!

mortonpeak

you probably heard someone else say this, but HAMMER TIME bullish reversal upcoming, must confirm

mortonpeak

sticking with my average rise, post crash of 30%, follow up on last post. In bound, above not advice, just educational!

mortonpeak

here are where day steps are beneficial to buy in, in bitcoin just in case you're stuck in a down cycle, there is money in them hills

mortonpeak

not the parabolic surges, but the periodic 30% surges are what make bitcoin great. Understand that the rise, calming/falling, then resurge is what makes this the dream trader coin. Dont' depend upon the coin mooning -- depend upon it rising 25%, then falling, then resurging. Do this every week or so, and you are set. not investment advice, people!

mortonpeak

on average bitcoin gets trapped in a valley which takes approximately 28 days to lose and retrace 30% of value PRECEDING parabolic growth -- you are sitting on an earthquake fault get ready for money not investment advice -- trade on your own information

mortonpeak

lil' bucking bronco! Getting bigger this year As long as you observe this channel, you observe YOY growth. The spasm at year-end is an anomaly that tends to take place each year, most of the time Take stock of the progress, and envision the continuity of this channel. History created it, and the future may keep it. As for the pullback, it's all on-trend, so no...

mortonpeak

bitcoin is a prodigy, but in tough times in its short life, there are periods where bear markets create tough circumstances. It is best to review how these work 1) always run bollinger bands with long time frames, ie 200 and 100 day SMA 2) contrast that long period with the 50 MA and a 34 or similar EMA 3) buy low bollinger bands, after several frames...

mortonpeak

proof-of-demand sends this market into a buying panic selling is proof of demand-- it's the work of bears pushing down a viable product as low as it can go crash = panic proof of recovered price, then new ATH -> parabolic

mortonpeak

even with bans, hacks, war between NK / JP (end of march), and bitcoin cash, the fundamental geometry goes like this: 2x -30 2x -30 and so on that is the value you maintain as a holder, that is the volatility you withstand as an owner

mortonpeak

hopeful, but likely momentum builds upon momentum This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation. You will understand this comment as purely...

mortonpeak

in the early going, bitcoin on bitstamp surged out of nowhere to ~$200. From there is sustained less radical gains, but consistently upward. This created more of a growth curve in 2014, adding up to a very dramatic surge. It is these dramatic surges that attract attention to the asset. Most cryptos experience these extreme demand surges. It comes from proof in...

mortonpeak

to be compared versus 2013/ 2014

mortonpeak

momentum should fulfill this pattern, en route to 15K for mid year 2018