24h lookout, elaborated this time, and based on my spartan cyclic fractal strategy. The red cycle (blue=mid-cycle of former) has been valid for 24 days already, since the drop from $620, and I expect it to get broken today.
[Update 18.08. 1:00] Price just plummeted at the downtrend cycle (i.e. it launched a new trend impulse), confirming that the trend is still intact and going even longer. Next point to take profits is either the upcoming blue cycle or any given target.
My orders are spread accross this zone: 2770 CNY ~ $460 (Bitstamp) 2680 CNY ~ $440
Comments
No12
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Wow, incredible !! Very nice :) +1
ChartArt
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Put a Fibonacci circle in it :) That shows you where the trend change might occur:
direct link:
HerSerenity
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Done that and included in the target rectangle, but I can't deny 2850 is a great candidate as well :D
ChartArt
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If we do the entire "anatomy of a bubble" with 'fear' and 'capitulation', then we are going back to 100 US Dollar.
MarvinMartian
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$100's are a solid support area, gotta give it that.
My fib circles look awkward, am I placing them wrong?