UnknownUnicorn59736

UnknownUnicorn59736

I got this idea from a chart image Lowstrife posted in chat a little earlier today that highlighted how similar this current H&S reversal is in structure to the one that played out in May 2014. I took a closer look myself by plotting the neckline on the current one that just completed on my chart in wisdom & was amazed to see how it almost perfectly lined up with...

UnknownUnicorn59736

Price discovery being what price discovery is, has the market just had it's question on fair market value answered? In this twilight zone, beyond the safety of any defining trend lines, between the never regions of longterm Fibonacci retracement; Symmetry might be all a Bitcoin bull has left.

UnknownUnicorn59736

As the last one from this same time last year, was very nearly textbook, lets see how this one transpires over the next month or so.

UnknownUnicorn59736

Just a quick observation on one possibility that could play out over the next few days. I've even got a time fib giving a good confirmation. As of posting the H&S reversal still hasn't been confirmed, but still has plenty of room & time to do so. I realise I've used the retracement tool in reverse. I've done so to illustrate how fibs are powerful thresholds no...

UnknownUnicorn59736

This is just a follow up chart for an earlier idea I had albeit given up on ( ). I've had to update it for the obvious reason that the April 10th bottom didn't hold, thus the time fibs fell out of whack. So this is just the same basic, mirrored time fib study as last time, just built on the latest data available.

UnknownUnicorn59736

Despite some earlier bullish sentiment that we might break right through the upper, down trending resistance line, I can still see a possibility of this playing out.

UnknownUnicorn59736

As the title suggests.

UnknownUnicorn59736

As the title suggests.

UnknownUnicorn59736

Well at least it's still pointing upwards! I have been thinking about how to display this data since we breached the 'current' longterm trend line (in indigo) back on the 11th of August 2014, and came up with this chart. Seems Bitcoin's USD price history is one of major trend line destruction. Good news for bulls I guess is in 5 out of the 6 times we crossed these...

UnknownUnicorn59736

Building on an idea I had while working on my previous chart (), I have found what I'll describe as a ‘Mirrored Fibonacci Sequence’ (marked by the blue & orange zones) in the time scale of Bitcoin’s price discovery. I call it ‘mirrored’ because the fibs oscillate backwards, then forwards on each consequent bubble. The red & green zones are from observations made...

UnknownUnicorn59736

With so much bear talk in the market at the moment I thought it would be timely to illustrate how recent price movements, when correlated historically against time frames of previous price bubbles, are perhaps more bullish than ever. It has come to my attention that those viewing this chart on low resolution monitors or mobile devices are not able to see this...

UnknownUnicorn59736

The LTCBTC trade, or as I like to call it: The Litecoin to Bitcoin Ratio Trade, has been a part of the crypto currency market since October 2011. During that time Litecoin has traded from a low of 0.00041 in January 2012 (1BTC = 2439.02LTC) to a high of 0.05198 during the peak of the last parabolic boom cycle (1BTC = 19.23LTC). This volatility should be viewed by...

UnknownUnicorn59736

Should soon see a nice rise in the ratio. Maybe the beginning of Litecoin's signature move to mark a Bitcoin bottom.

UnknownUnicorn59736

I discovered these 'Head & Shoulders Bottom' patterns while trying to find some direction for the LTC/BTC Trade. The trouble with looking for these patterns from a fiat perspective is fiat's action in the market is a lot like the tide, in that it lifts & drops all ships in the ocean. This effect on an asset that has been experiencing exponential growth in it's...

UnknownUnicorn59736

Just a quick easy simple comparison of the LTC/BTC ratio trade of the last cycle versus this current cycle. Something has shifted...

UnknownUnicorn59736

The primary reason I made this chart was to study the durations for the stages of each of Bitcoin's previous & current market cycles or phases. These are the 2 areas marked by the bold white outline. Each phase is clearly made up of 8 stages, or rather 4 stages & their corrections. I'm going to call them: 1) The Boom 2) The Swing 3) The Dome 4) The Incline The...

UnknownUnicorn59736

This is a follow up to a chart I posted yesterday here: I wanted to prepare a chart to illustrate the current predicament Litecoin & to a greater extent, the entire altcoin market now finds itself in. This time I wanted to focus in much greater detail what possible scenarios might play out. Litecoin is fast approaching a historic 'Moment of Truth'. Right now,...

UnknownUnicorn59736

I wanted to prepare a chart to illustrate the current predicament Litecoin & to a greater extent, the entire altcoin market now finds itself in. First a brief explanation of the format: Green boxes show the beginning of a major rally in Litecoin's value in both USD (fiat) & BTC (ratio). These also mark the beginning of a lower support line for LTC when priced in...