In its overall aspect, this BTCUSD ( ) chart is predominantly . It earned an upgrade from "Bearish" to "Neutral" when we looked at internal strength and other complicit BTCUSD exchanges (BTC-e and MtGox), where the underlying strength favors a outlook (Here is one update we just finished in BTCUSD-Gox: https://www.tradingview.com/v/N8bJLOag/).
While this chart indicates that the underlying asset could roll at any moment, a closer look through out predictive analysis has generated mixed signals in favor of bulls. For this reason, we decided to qualify the market direction as "Neutral" for the time being, while digging into the forecasting - Here is where we started: .
A structural analysis of the chart should keep bulls on the alert, as structure lows at 765 might test their sentimental tolerance. However, a cross-and-close below 725 will likely prove that bears remain the dominant players.
For bulls to win the crackling heart of our system, a break above 834 might probably be the sine qua non condition in this chart.
Bears are lurking at the edge of the woods, but bulls have come out to roam in new pastures. The outlook remains too uncertain to emit one directional bias over another, hence the "Neutral" qualifier. More on this intriguing chart once a clear direction declares a sentimental penchant for the bovine or the ursine species.
David Alcindor | 4xQuad.com
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