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Repeat

Repeating trend - new ath?Hey all, I just noticed the amazing similarities between the second week of December and the last week. It starts with the same downtrend (and little peaks in the downtrend), then bottoms out in the same area, finding the same resistance area's in the uptrend. Are we looking at a new breakout to new all time highs (with a possible parachute jump down....)? Let me know what you think. Oh, and keep in mind that I'm not an expert by any means so do not take my observations as your leading financial advise. Heck, even I don't! ;-)
by sjeupie
Breakout opportunity here!Lets see if my prediction is right for this one. I am carefull, since this is looking into the future by looking into the past (risky!!). By the looks of it, this one repeats patterns. It had a breakout (1), then a pullback (2), a strong uptrend (3), a consolidation (4), another breakout (5) and finally the pullback (6). So next would be? Riiight, strong uptrend, followed by a consolidation, followed by breakout. Lets see. THIS IS ONLY A THOUGHT, I DO NOT RECOMMEND TO TRADE THIS ONE, AS IT HAS A HIGH RISK! (could just bounce off that resistance and fall very low again...)
ALong
by Evan_Moe_Money
2
Yet Another Repeating History PatternThis was an interesting chart that I did. I have been busy and rather lazy since I did my last TA on that bull rectangle (apparently not a "flag" but w/e). At first when I fired up the chart I thought I would pull up some standard indicators that I use. When I opened the chart on 4H with BB on I was looking at how we were contracting into even tighter ranges. I got an idea to take a look at the 1D chart to see if I would see some type of repeating history. Well what I found is now laid before you on this chart. Some of the first things I saw when looking at this chart were the fact the the rapid drop we had a few months back looked similar to the one almost a year ago. I then noticed that the BB contractions were doing the same thing. Next both StochRSI and Stoch were in the same zone as they were back then. "Odd," I thought to myself since it seems like there have been many patterns in Bitcoin's history. The date range and the price range just solidified it all together. The question remains: Will it continue on the trajectory like it did before? Now I had to think like an irrational market to come up with this one. My thoughts is that it is likely to go sideways for a little. Maybe a few weeks. Yet, watch for slow and noticeable moves up. Say moving up $5 per day at first then to $10. When you see this a break will likely happen and things will start moving again. Want more? I did some thoughts on peer-to-peer mining pool P2Pool and something small about a dean's prediction for $120 around this time. www.allbitcointa.cu.cc
BITSTAMP:BTCUSD
by ItisCalvin
4