Oh crap, this rally could be far from over!

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
478 3 4
Just look, the latest white line is actually a pure clone of the older one, it has the same slope and matches perfectly with the latest trend. Although this "correction", if it is one, is unparalleled in length and size to any other (mini-)bubble in Bitcoins             history, it may very well be the foot slope to the largest rally yet to come (in total numbers).
The outbreak above 200$ gives confidence in a rise to retest 217$ and even the 233$ mark. If it is surmounted, the rally will continue. Alternatively this break out could turn fake if we develop a bearish wedge before hitting above to old high of 233$.

The only other concern is the steep slope we are in. As analyzed earlier:

we are pretty much in the Danger Zone already with this angle. When we upped the notch one more time during the last hours of the past run up from 212$, we only had 18hours more to go before the whole thing collapsed. If we do so again and break out of this trend channel I predict, based on this analysis (also check link above) the next crash/correction.
Do you have any comments about todays levels?
Do you still see this chart as relevant?
Yes, we may crash back to the white resistance of 500$ or even only 600$ and continue the rally for a bit, who knows but those are the levels to watch out for!
Spekulatius Spekulatius
-edit- i mean 600$ is the critical number.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out