The home of the innovation of the Logarithm of Time as applied to the Markets.
We also watch for and correlate with major Bradley dates and Fibonacci Time and Price sequences.
Saturday, November 7, 2015
Bitcoin's rise is just beginning. But here is why it stalled here, for now. It hit both a node (.75 or -1.0 depending on display choices), and an overhead trendline.
The '1.5' node on one chart and '0.0' node on the other (not shown, graph doesn't go out that far) both represent the same point in time (well into the future), as do the '.75' and '-1.0', where we are now.
This rise should get out to a 1.0 or 1.5 node (middle chart) before it's all over and that's pretty far out in time. One caveat though, if governments start abolishing cash, they'll shut this down too. Watch for that, could really end the party early.