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Bitcoin BTCUSD Daily - Uptrend update for May 10, 252 target
Bitcoin BTCUSD Bitstamp - Time is accumulating up here above the 11-day mode at 223-222 where the uptrend launched from. Look at April 29th when the range expanded as it jumped up strongly away from the accumulation under 223-222.
For starters, the mid-point of the launch date was support "noted with the + sign" and the "exit" just over the previous highs worked out perfectly. Another buy has set up on the pullback to the "+" sign again. The market is accumulating and building time up here getting ready, perhaps, for the move to 252 that is probable.
As time builds to 11-days, note the TIME PROFILE CHART I have painstakingly done for you, then the "mode" will shift UP from 223-222 up to 234 and imply a market that is ready to move AND it will have a close stop, which I like.
Stay tuned.
Tim
8:18AM Wednesday 5/6/2015 234.37 last BTCUSD/bitstamp
For starters, the mid-point of the launch date was support "noted with the + sign" and the "exit" just over the previous highs worked out perfectly. Another buy has set up on the pullback to the "+" sign again. The market is accumulating and building time up here getting ready, perhaps, for the move to 252 that is probable.
As time builds to 11-days, note the TIME PROFILE CHART I have painstakingly done for you, then the "mode" will shift UP from 223-222 up to 234 and imply a market that is ready to move AND it will have a close stop, which I like.
Stay tuned.
Tim
8:18AM Wednesday 5/6/2015 234.37 last BTCUSD/bitstamp
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