Kaspar

The destiny of Bitcoin for the next 1-2 months

BTCE:BTCUSD   Bitcoin / Dollar
64 4 1
Imo             these days are important for the price of bitcoin             . we have a chance to see the price back "to the moon" or leaving the atmosphere for a few weeks.
What is your bear trend line based on?
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Kaspar MoonTrader
Hello and thanks for your comment. Well, I am not sure if I get you right because English isn't my native language. But since the December 2013 we have lower highs and the support line became the resistance. Unless the BTCUSD isn't able to beat the ~700, we are not bullish imo. This breakout could be the chance for this. Since we don't have any higher lows since April 2014. Longterm, we are still bearish unless we don't left the 700s behind us. Is this an answer you can work with? :) Hope so. If not, try to write the question in another way. Pardon me, in that case.

For myself, I am expecting to see the price fall to 445 before hitting 701. But who am I? Please proof me wrong because I hold some BTC ;)
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Kaspar MoonTrader
I saw your trading idea. Very nice piece of art - so I liked it. And I agree with you: bullish - midterm. If we really break through 700, we should be on a longterm bullish market. If that doesn't happen, we are longterm still dancing with the bears. I like your analyses. You've got a new follower :)
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Thank you. I'm not sure if I agree that we're making lower highs since your bearish trend line only rests on two points on the chart. That's the only reason I asked, because we seem to have already have broken through the bear trend line in May.
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