CoryKlein
Short

BTC Trend Analysis indicates continued downtrend for 3-10 weeks

BITSTAMP:BTCUSD   Bitcoin / Dollar
The current 4-month long downtrend is a correction to long-term support channels from late 2013 and from 2012. These channels begin to intersect the current established trends as follows:

3 weeks: current resistance meets 2013 upper support lines
4.7 weeks: current resistance meets 2013 lower support lines
10 weeks: current trend mid-line meets 2012 support channel midline

Each of these work more like deadlines - the upward movement can happen at any time before a deadline, but after each has been passed the fundamental situation has been changed.
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