FrankyRockers
Long

The bigger picture.

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
1010 6 6
View on the long run. Right now I am short, target 400.

I see a resemblence in the last peaks with steep RSI declines, bouncing at around 50-ish at the weekly.
The decline we are now in looks like last two.

Going back to 400 by jan/feb 2014, with an intermediate bounce to ~800.

Next bullrun april 2014 $2250? India pushing :)
Than with the ETF in sight and all the participators all around the world (especially upcoming economics) trying for another uber strong bullrun to 4k - 5k by October 2014.

Only IF demand stays. Break out of the wedge expected Q1 2015.
I expect a new digital currency will be created by institutions (regulated) at around 2014/2015. The Bitcoin has been its succesfull predescessor making the road clear for another era and it will fall bigtime.


First published idea.
FrankyRockers
2 years ago
Yes, you may or may not give comments!

We reached 455 yesterday and today 715. Getting close to my predictions, in price. Timewise its all very fast.
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mushroom
2 years ago
thats like a infinitve cup & handle :)
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AWatchingA
2 years ago
Nice chart. Very unlikely future scenario.
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apechmann
2 years ago
remarkable.
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Mirandole
2 years ago
Nice prospections :)
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FrankyRockers
2 years ago
Thank you! Appreciate you're reading it.
Made this chart at 17 dec 2013. Right now, it almost plays out perfectly.
$350-413 at about the 17th of February I said in December.

Its a simple chart, but with complex Elliot and other indicators I come to about the same conclusions.

I am actually amazed myself, almost calling the right day... What a luck!

Safe trade!
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