COINBASE · SPOT / USD
Bitcoin, through a different lens.
A point & figure assessment, grounded in Dorsey’s methodology.
INDEPENDENT SNAPSHOTLoadingCompleted daily candles · not live
PRICE STRUCTURE
Point & figure
× Rising demand○ Falling price Unconfirmed projectionHover, click, or tab to a column to inspect
Inspect the underlying recorded columns
| Start date | Last change | Column | Bottom | Top | Boxes | Signal |
|---|
IF DEMAND RETURNS
Repair first.
Resumption second.
1
Print a local buy signal at .
2
Hold a higher O bottom on a subsequent pullback, then print another buy signal.
3
Clear to break the larger resistance formation.
Conditional interpretation, not a trade instruction.
IF SUPPLY PERSISTS
The downside count
is context, not destiny.
Derived only when the named October 7 breakdown is verified and completed by a confirmed reversal, using Dorsey’s bearish multiplier of 2. A missing formation retires the objective rather than inventing a count.
A price objective has no timing estimate and is not a guaranteed destination.
THE CRITICAL DISTINCTION
Column direction
is not signal direction.
Xcan coexist withSELL
A three-box reversal changes the column. A buy signal requires an X column to exceed the previous X top by one box.
That is why an upward reversal alone does not invalidate the last sell signal.
METHOD & LIMITATIONS
DORSEY · 4TH EDITION
Keep the assessment honest.
Why I’m not calling this a confirmed shakeout
Close retains equal September/October tops and the confirmed support break at $81,500. Dorsey's shakeout also requires a strong underlying and market uptrend, the first sell in that uptrend, and supportive relative strength. Those conditions were not established here. A shakeout remains an unconfirmed hypothesis, not the primary diagnosis.
The High/Low chart is less reassuring: its September bullish support line was penetrated on October 12. The October 17 O low at $81,000 remains below that local guide at $83,500. The projected X top at $82,500 is still below its projected guide at $84,000. That does not prove that every longer-term bullish support line has failed.
Chapter 3 · printed pp. 91–93. Chapter 11 · trend stops versus signal stops.How the local trend lines are constructed
Trend lines advance one $500 box per column. The optional September bullish support line starts one box below the September O low: $75,500 on Close, $74,500 on High/Low. The optional October bearish resistance line starts at $87,000, one box above the final X top before the October 7 sell. Its anchors are October 4 on Close and October 6 on High/Low, not the new October 15 sell. These are local guides, not a claim about the full long-term trend. The chart uses equal horizontal and vertical box spacing.
Chapter 2 · printed pp. 51–55. Chapter 11 · bullish support and bearish resistance.What is recorded, and what is not
Every X and O is constructed locally from public Coinbase daily candles, starting January 1, 2025 UTC. The full replay yields 128 Close and 304 High/Low columns in this publication. All 45 Close and 54 High/Low columns in the previous displayed windows match by dates, directions and prices; engine IDs are independent. Missing completed days stop publication, never interpolate. The P&F page does not update automatically.
Fixed $500 zero-origin boxes and 3-box reversal are preserved; this is not Dorsey’s price-tiered box schedule. High/Low tests continuation first and reverses only if no continuation box is added. Confirmed input ends at the recorded UTC cutoff; the open day is applied to a separate projection copy. A provisional daily close is not an executable ticker quote. Future exchange revisions or implementation differences can change replayed history.
Book references and latest analysis
Thomas J. Dorsey, Point and Figure Charting, 4th edition. Chapter 2, printed pp. 57–60: vertical counts and objectives. Chapter 3, printed pp. 73–80: double tops, double bottoms, and declining tops. Chapter 11: signal stops, trend stops, and commodity chart interpretation.