4xForecaster

Predictive Analysis: Caution, Favors Bulls | #BTCUSD #BTC #USD

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
487 0 3
4xQ'ers,

So, let's recapitulate so far: We initially called for a lofty target to the four-digit uptown neighborhood with a cautionary word on a possible unwinding defined in the chart as the "Expected Reversal Zone". Price did just that, where market confined the bodies of the candles within the defined limits. Now what?

At this point, there is one particular area that we decided to define as a cautionary line (in red), valued at 895.32. If this line cedes to bear influx, beware. While the "Potential Conversion Line" remains in force, other discreet internal indicators we use will offer a better picture resolution of the situation. If and when we get there, we'll address at that point.

OVERALL:
For the time being, our analysis posts a neutral-to-bullish outlook, given the parameters described above. We remains optimistically cautious, waiting for added bullish reversal confirmation before calling it an outright bullish chart.

Cheers,


David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting
David Alcindor
Alias: 4xForecaster

FREE Strategies:
- http://bit.ly/4xForecaster-FreeLessons

CROW Signal Service:
- http://www.MarketPredictiveAnalysis.com

RECENT Results:
- bit.ly/4xForecaster-Hits
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out