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short set up?
Cleaned up the chart a bit for simplicity.
After a new All time high it will historically consolidate to -35% to -75%, 70 to 90 days later. Represented by the blue box.
The green line represents a strong 30% trend-line Fib fan support that cuts into the blue box.
White lines represent down trend originating from 2-1-2014 (red line), expected china bad news or realization of previous bad news going into effect about 3rd party/exchange news
Orange lines represent speculated trend leading up to the end of the month.
Only time will tell!
After a new All time high it will historically consolidate to -35% to -75%, 70 to 90 days later. Represented by the blue box.
The green line represents a strong 30% trend-line Fib fan support that cuts into the blue box.
White lines represent down trend originating from 2-1-2014 (red line), expected china bad news or realization of previous bad news going into effect about 3rd party/exchange news
Orange lines represent speculated trend leading up to the end of the month.
Only time will tell!
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