BlogHide Resteemsautemox (39)in trading • 6 years agoAll eyes are (rightly) on $BTC 1-Day Inverse Head and Shoulders Set Up, not yet broken the neckline.Point and Figure Today we extended our column of X's to 9 X's. There are not any current long poles of X's (going back to July 2017). We are still in the range between 3,240 to 4,454. Here are…autemox (39)in trading • 6 years agoPoint and Figure and a look at the symmetrical wedge on the 4h-1d timeframe on BTCPoint and Figure Yesterday we entered into a column of 4 X's, and in 20 hours a column of 3 O's will confirm unless a new box of X's is reached. We have not had any new long poles since my last…autemox (39)in trading • 6 years agoWatch for 1-day Inverse H&S on BTC, Point and Figure, and answer to "Has the 3-day bull div run its course?" + Don't forget to take part in Proof of Keys!!Point and Figure Today we've entered into a column of 8 X's. In my last post, I wrote about a long pole of X's from 12/20. This long pole was resolved 50% on 12/27. There are no more long poles…autemox (39)in trading • 6 years agoPoint and Figure for $BTC and our break down from 2-hr steep upward channel has resolved, what to do?Point and Figure We have confirmed a column of 10 O's. That leaves yesterday's long pole of 29 X's unresolved. A 50% retrace of that long pole would put us below $3,762. We are still in the range…autemox (39)in trading • 6 years agoPoint and Figure for BITCOIN and a look at our 6-hour RSI Bear DivPoint and Figure We have formed a long pole of 15 X's. A 50% retrace of this pole would put us below $3,762. We are at the top of the current range: 3,240 to 4,454 (3 boxes from the top, or 10%…autemox (39)in trading • 6 years agoBTC 3-Day Bullish Divergence Confirms TodayPoint and Figure We have formed a long pole of 15 X's. A 50% retrace of this pole would put us below 3,509. We are still in the previous range of 3,240 to 4,454. Here are the recent long pole of…autemox (39)in trading • 6 years agoPoint and Figure for BTC and 1 day bull div confirmed on MACD and RSIPoint and Figure We've confirmed a column of 15 X's (a long pole). We will have to move below 3,544 to resolve this column of X's (which we already have as of this writing). We've retraced our…autemox (39)in trading • 6 years agoPoint and Figure for BTC and looking for wedge break down to complete/play outPoint and Figure We are in a long pole of 29 O's. In the last two years, out of 173 long poles, only 17 of them have been larger than 29 (16%). So this is a very long pole. Don't short such a long…autemox (39)in trading • 6 years agoBTC Point and Figure and Discussion on Recent 4 Hour Bull DivPoint and Figure When the daily closes in 10 hours we will have a new column of 12 O's. This will resolve 50% of yesterday's long column of 20 X's. Resistance was found at an old horizontal level…autemox (39)in trading • 6 years agoBTC Point and Figure and A Look at Yesterday's Bull Div and Where to Close that LongPoint and Figure By moving up into a column of X's we have retraced 50% of the long pole from 11/27. We have formed a new long pole of 16 X's. 50% retrace of this new pole would bring us below…autemox (39)in trading • 6 years agoPoint and Figure for Bitcoin and AnalysisPoint and Figure I thought it would be interesting to some to post a 2 year point and figure, sorry it is pretty large. You can see we have resolved the long pole dating back to october 2017 by…autemox (39)in trading • 6 years agoBTC Point and Figure - Descending Triangle is getting tight!Point and Figure It's been almost a month since I last posted one of these. I have been making good on my thoughts to not trade BTC until the descending triangle breaks ( Last time we posted a PnF…autemox (39)in trading • 6 years agoApproaching resistance level on BTCBTC approaches a local 62% Fib (light blue), past volume node (purple), and top of 3d descending triangle (thick blue line). Not a great place to open shorts but a good place to close longs.autemox (39)in trading • 6 years agoPoint and Figure for BTCPoint and Figure We have no long poles going all the way back to October 2017. That is almost a year of consolidation. Well, not quite anymore, because yesterday's close brought a new long pole of…autemox (39)in trading • 6 years agoToday we are watching BTC begin to interact with strong support level at $6,750Point and Figure We have a new small column of X's confirm at yesterday's close. The long pole of X's from July 18 has been resolved. That means we have no long poles going all the way back to…autemox (39)in trading • 6 years agoBitcoin strong support between here and $6,750. Point and Figure long pole has resolved. Bullish.Point and Figure We've just resolved the long pole of X's from July 18. That means we have no long poles going all the way back to October 2017. That is almost a year of consolidation. We are…autemox (39)in trading • 6 years agoBTC touchdown on 38% FIB, support @ $6,770. Watch next 4 hour for bull div on 4 hour RSI.Point and Figure We have confirmed a new column of 6 O's. Our range is between 6,064 (lower low) and 7,776 (horizontal level). We have an unresolved long pole from 7/18, if price declines below…autemox (39)in trading • 6 years agoPoint and Figure and discussion on how high this daily bull trend can go before there is a shorting opportunityPoint and Figure We've resolved our long pole of X's from 7/24 and touched down on horizontal level on our PnF. This is fairly bullish. There is still a unresolved long pole from 7/18, a move below…autemox (39)in trading • 6 years agoBitcoin first significant support is at 7777Point and Figure Our long pole of X's has reached 17 X's at yesterday's close. Half of long pole of X's reach more than 17 X's in height. It looks like we are going to get a column of O's…autemox (39)in trading • 6 years agoBTC 62% FIB Retracement$BTC touched down on 62% fib a couple hours ago: Between here and 9.2k is where this bull run would fail. key higher high is 10k, we close our weekly above 10k would be very bullish
