Hello, Houston. Do You Copy? | $BTC $USD #bitcoin $Gold #forex
Hello again, friends,
Yesterday, I wrote a long piece describing the technical and predictive analysis of BTCUSD (Bitstamp), as well as identifying supports, resistance, targets and offering a general directional assessment of the crypto. I also mentioned that the chart was coming out soon ... So, here it is.
In addition to cut/paste the technical/predictive analysis and forecasting I wrote yesterday, I will add specific examples of on-going BTCUSD charts, paying particular attention to hidden geometries, alternative technical considerations, all this to emphasize the preponderance of technical and quantitative data pointing to a rallying.
In the risk of narcotizing the reader's mind, I will try to be as detailed and critical as possible, so as to remain unengaged in one directional bias or another. Please, also know that, despite all the work that has gone is these analysis, I have not traded any of the bitcoin crypto-currencies, I do not have any open account in any of the bitcoin crypto-currencies, and I have no interest in doing so. My job as an independent proprietary analyst is to look at non-price action, that is the work of the market, which for most is followed through the action of price, but to my opinion, uses price as a carrot dangling at the end of a stick which is held by institutional hands. Therefore, price is NOT what I study. Price is merely the light projection on a cinema screen which entertains the masses. Instead, I seek to study that from which the light originates, which is the matter of interest in quantitative analysis, or one that I defined as predictive analysis and forecasting.
Being unengaged in bitcoin trading, I have a non-emotional and non-threatening position, which allows me to study without the interference of fear. i hope this is enough credentials to earn your trust and support. Feel free to express this by following me on Twitter (alias: 4xForecaster), adding comments at the bottom of the chart within a respective discussion thread, or simply "thumb-up" the chart. I will take that as a currency of appreciation.
The technical comments will be added in the discussion thread. So, please, give me time to add the technical commentaries below.
Thank you for your kind support and trust in my analyses. Feel free to review the prior analyses and forecasting, which are offered as links below, as they also contain deep and quite involved threads of technical discussion.
OVERALL:
For the time being, I will quickly comment that this chart was built on 16 APR 2014 at 0946am when price was @ 522.04, and was shared in privacy with TradingView admin/Moderators. The arrows suggest a probable price action, which so far has been correct. Again, I will provide more detail on the expected price action in the discussion thread that follows at the bottom of this chart. If it's not appearing right away, it's because I am still working at the illustration of other BTC charts.
Cheers,
David Alcindor
Yesterday, I wrote a long piece describing the technical and predictive analysis of BTCUSD (Bitstamp), as well as identifying supports, resistance, targets and offering a general directional assessment of the crypto. I also mentioned that the chart was coming out soon ... So, here it is.
In addition to cut/paste the technical/predictive analysis and forecasting I wrote yesterday, I will add specific examples of on-going BTCUSD charts, paying particular attention to hidden geometries, alternative technical considerations, all this to emphasize the preponderance of technical and quantitative data pointing to a rallying.
In the risk of narcotizing the reader's mind, I will try to be as detailed and critical as possible, so as to remain unengaged in one directional bias or another. Please, also know that, despite all the work that has gone is these analysis, I have not traded any of the bitcoin crypto-currencies, I do not have any open account in any of the bitcoin crypto-currencies, and I have no interest in doing so. My job as an independent proprietary analyst is to look at non-price action, that is the work of the market, which for most is followed through the action of price, but to my opinion, uses price as a carrot dangling at the end of a stick which is held by institutional hands. Therefore, price is NOT what I study. Price is merely the light projection on a cinema screen which entertains the masses. Instead, I seek to study that from which the light originates, which is the matter of interest in quantitative analysis, or one that I defined as predictive analysis and forecasting.
Being unengaged in bitcoin trading, I have a non-emotional and non-threatening position, which allows me to study without the interference of fear. i hope this is enough credentials to earn your trust and support. Feel free to express this by following me on Twitter (alias: 4xForecaster), adding comments at the bottom of the chart within a respective discussion thread, or simply "thumb-up" the chart. I will take that as a currency of appreciation.
The technical comments will be added in the discussion thread. So, please, give me time to add the technical commentaries below.
Thank you for your kind support and trust in my analyses. Feel free to review the prior analyses and forecasting, which are offered as links below, as they also contain deep and quite involved threads of technical discussion.
OVERALL:
For the time being, I will quickly comment that this chart was built on 16 APR 2014 at 0946am when price was @ 522.04, and was shared in privacy with TradingView admin/Moderators. The arrows suggest a probable price action, which so far has been correct. Again, I will provide more detail on the expected price action in the discussion thread that follows at the bottom of this chart. If it's not appearing right away, it's because I am still working at the illustration of other BTC charts.
Cheers,
David Alcindor
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