tchat

Continuation of the trend

BITSTAMP:BTCUSD   Bitcoin
I think we are on the cusp, over the course of the next 5-6 hours, of the thrust that will break the foreshortened H&S theory. I believe the following wave peak exceeds that of the last by several hundred USD, in accordance with the pattern and supported by the supporting Ichimoku cloud accumulation. I do not argue with the need for correction -- that appears to be a foregone conclusion and will be a sign of health. I just don't see why $6K must necessarily be the limit at this point in the development of the wave pattern. I've been out of BTC for a while now, so I don't have a dog in the price maximization fight -- and in fact will benefit from a better entry opportunity -- so I'm just talking about what I see developing.
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