FluidicFX

BTC accelerating into autumn

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
After recent rally we expect consolidation for a few weeks. End of November a 5th wave begin, going up to new high for 2015.
Target = ¥7306 / $1148
it may be that the huge up rally is over
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I remain skeptic, because the recent price rise was too high in a too short time-frame. I had expected a large rally to happen in Q4 2015 until Q1 2016. But I had envisioned a rally which is more sustainable, with more and deeper dips in between and less consecutive higher highs. Besides this fragile price structure with almost no support levels (because of the missing dips), the large mining farms who need to keep their machines running might sell a lot here.
+1 Reply
FluidicFX ChartArt
I remain skeptic to, but its good to consider extreme scenario.
+2 Reply
a bit optimistic, but it could bee
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FluidicFX puretradelife
Yes, its ultra optimistic. What I did was map proportion of purple 12345 (recent rally) to blue 12345.
Blue wave 2 was 13 days. Blue wave 4 is 26 days. Fifth wave goes parabolic. Again.
+2 Reply
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