Quote from: Jesse Livermore on August 15, 2014, 04:22:17 PM

Quote from: raleit2014 on August 15, 2014, 04:12:20 PM

Quote from: Jesse Livermore on August 15, 2014, 04:07:51 PM

So I was trying to figure out my 'line in the sand' for a support level that, if broken, I would have to finally take my long-term DRK profits. And I realized the long-term DRK chart looked very very familiar...
I introduce you to a fractal. Bitcoin has gone through many of these already. They're one of the coolest (because they can be ridiculously accurate) and sometimes scariest (because they can stop being accurate and all hell can break loose) phenomenons that occurs naturally in the environment and in stocks/bonds/currencies/etc.

Essentially, the April to August price and volume action has copied the April 21-May 3 timeframe. Personally, in my all my years of working in investments I've seen many price fractals but never seen price with volume fractals.
And coincidentally enough, other chart methods I use (unrelated to the fractal) tell me to make my line in the sand at the high (.00555) from that April 21-May 3 timeframe. Hopefully this fractal continues to bear fruit and we're really in that May 3-4 region and DRK takes off here soon in a huge way again with volume.
We'll see..

JL

The 30 day support level was .0074 BTC

30 days?! That's arbitrary. What's your point?

He was asking about support level. I'm not sure what time period he was asking for...he wanted to know when to take profits.
support is not arbitrary though