#BTCUSD: Target Hit Dead-On ... | #BTC #USD #Bitcoin

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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#BTCUSD: Target Hit Dead-On ... | #BTC #USD #Bitcoin

Price hit our 960.42 target six 4-hour candles ago (i.e.: 24-hours ago), then price continued to consolidate around that target level. Outlook remains unchanged.

OVERALL - If price breaks above 975.00, consider 989.27 as next overhead resistance. Potential reversal line remains in force for any trend reversal confirmation.


David Alcindor | 4xQuad.com
David Alcindor
Alias: 4xForecaster

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Very interesting. I'm still new to all this. When did you project that reversal zone, and what made you choose that area?
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