Simple time at mode analysis suggests BTCCNY has increasing odds of retesting the 3510 level from where the 9 month downtrend that sent it down after the all time high expired. It's possible to get back up to the mode by early as December, 2015, and we also have a monthly uptrend signal which points to a rally that should reach 3054.91 by June, 2016. Price action in the daily is considerably bullish, as explained in my BTCUSD Bitstamp chart. A drop back under 1553.82 would invalidate this forecast. Do your due diligence, and good luck.
Kind regards,
Ivan Labrie Time at Mode FX
Trade active
⋅
Place 3 buys here. Third buy, same entry, but lower stop and no tp, sl at 1553.
Trade active
⋅
First entry filled, 2nd not yet.
Comment
⋅
Keeps posting new highs...I think the BTC bull market has officially resumed.
Comment
⋅
Buy the dip again...if offered.
Trade closed: target reached
⋅
Time for this uptrend ends soon, will be interesting to see if we manage to go any higher, or if we just fall before the halving date.
Comment
⋅
Time for the uptrend expired, and BTC retraced...Time at mode can be really accurate.
I understand but its a cycle that keeps occurring, right now were at the 5th megabull cycle. anyways we shall soon tell!
awe.investars
⋅
Amazing prediction (y)
awe.investars
⋅
Could you please make an analysis on LTCCNY or LTCBTC and LTC/BTC? Will really appreciate it. Thank you.
IvanLabrie
⋅
Hi, they are very similar.
Long term forecast was the clearest one in BTC, mostly because the liquidity is smaller in shorter timeframes.
I'll post an updated LTC chart here in a while.