COINBASE · SPOT / USD
Bitcoin, through a different lens.
A point & figure assessment, grounded in Dorsey’s methodology.
RECORDED SNAPSHOT17 OCT 2026 · 18:00 CST18 Oct · 00:00 UTC · not a live feed
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 | 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 from the completed October 7 breakdown column, using Dorsey’s bearish multiplier of 2. The new Close support break and retained High/Low sell keep the earlier $75,000 to $78,000 area in focus.
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, but now has another 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. 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 rendered from the TradingView columns inspected for the assessment. No missing history is interpolated. Close contains 45 recorded columns beginning in February; its latest O column extended to $81,500. High/Low contains 54 beginning in June and added the October 17 O reversal to $81,000. All earlier dates, directions, and prices match the preceding snapshot. Neither source has a projection. The page does not update automatically.
Source and input interval change chart construction. TradingView’s Traditional method means a fixed $500 box, not Dorsey’s price-tiered default box schedule. Price at the snapshot is approximately $81,345. The separate High/Low source reported $81,335.91, not a synchronized executable quote. Time-zone label CST refers to Mexico City, UTC-6.
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.