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pablo82

WHAT IS NEXT TARGET ZONE FOR BITCOIN ? - SHORT TERM FORECAST

Long
Bitcoin (BITSTAMP:BTCUSD)  
pablo82 Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis
13
0
trendanalysis chartpattern waveanalysis
This is not a trade call but my personal short term forecast for bitcoin which is mainly based on analysis of waves and structures of this instrument.

I am strongly convinced we should have at least 5 fold increase in price since the last spike in November 2013.
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Impulsive breakout with significant new high.

I expect a continuation of the bull trend to yellow zone.
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Price approach another key level and round number at 5000$

I expect a continuation of a trend to level previously marked.
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Still looks like one more up to about 7000$ level.
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