Shows that the recent low was nicely structured with the 'time at mode' methodology.
Two consolidations projected a low on and one day after the low in Bitcoin.
There is massive overhead supply just above the current market and I will publish charts when it gets to a sell level or a sell setup. Marc Andreessen put his foot forward on Bitcoin in recent days to validate its long term value, so there is a short-covering rally going on here, from what I can see.
Tim 11:24AM EST 10/8/2014
Two consolidations projected a low on and one day after the low in Bitcoin.
There is massive overhead supply just above the current market and I will publish charts when it gets to a sell level or a sell setup. Marc Andreessen put his foot forward on Bitcoin in recent days to validate its long term value, so there is a short-covering rally going on here, from what I can see.
Tim 11:24AM EST 10/8/2014
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
