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RE: Is A Big Move Upwards Coming For Bitcoin And the Crypto Market?
Hi, aezakmi, I just use the free website bitcoinwisdom and the bitstamp chart there. It has a 'snap'function that let's you draw very easily all the trendlines.
Especially the trendlines that start in 2012-2014 are very telling.
To give you an example, connect on the 3-daily, the High of 9 April 2013 with the High of 2 March 2014. Then connect the starting point of this trendline on 11 October 2013 with the High of 29 November 2013.
Now take a look at the right hand side and see where these 2 trendlines end up.
And there's much of these "coincidences" :-)
Well, gotta tell you, this is some awesome stuff that you're doing. Did as you said (except for 11 Oct 2013, you probably meant 2012) and got these lines aligning perfectly to this last crash we had.
This is interesting, old trend lines still have an important role today. So your '2.5K in late May' is definitely something to keep an eye on. Thanks for sharing your thoughts and this bitcoinwisdom website, which I wasn't aware of.
Keep it up!