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Driling Thru 1445 Opens Floor To 1089.93 Target | #bitcoin $BTC

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
Friends,

Price is likely to encounter a significant support at 1445.00. Breaking of that floor opens price to the following Predictive/Forecasting Model's target:

- TG-Lo = 1089.93 - 10 APR             2015

This would only represent a smaller aperture to the prior analysis done over this following chart:

snapshot

Source of predictive analysis and forecasting:

This chart will be placed and analysis followed in original thread.


OVERALL: Bears remain in charge, as per prior forecast and analyses. Upside potential limited, as illustrated.


Stay tuned,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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David Alcindor, CMT Affiliate #227974
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What is TG-Lo ? We're going to 1588 and after that fall to 1089?
+1 Reply
Hello @C75C70,

TG = Target
TG-Lo = Bearish target

1588 is the highest estimated level of retracement in terms of probability - If price breaks higher, then all bearish forecast become null and void until further data
1089 is the interim bearish target for this timeframe

A higher timeframe analysis is suggesting a lower level of target.

(Look up "TG-Lo TG-Hi explained" for some random explanation of these particular targets - i.e.: numerical/quantitative versus nominal/qualitative target).

Have a fantastic weekend, y'all.


David Alcindor
+5 Reply
oldstout 4xForecaster
Thank you very much! Best! :)
Reply
Thanks for your updates man!
+1 Reply
Huobi must break 1435.
Reply
Nice to follow you! Thx!
+2 Reply
Thank you @Zoltan - David
+2 Reply
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