$BTCUSD - TG-1 Hit Dead-On | 4xQuad.com | #bitcoin #USD #Gold

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
496 7 5
$BTCUSD - TG-1 Hit Dead-On | 4xQuad.com | #bitcoin #USD #Gold

See chart:


As of this hour, our primary target has been hit following an unusually tall candle (when compared to all recent ones).

A secondary target remains pending at a level which we defined as imposing a significant overhead resistance. As we move into the week-end, this loftier target level has the potential to act as a reversal point - only time will tell.

Have a great weekend.


David Alcindor | 4xQuad.com

4xQuad disclaimer:
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
Hello @frankunderwood - The methodology used is proprietary, so I can't really reveal how we determine trend confirmation, reversal and targets. Some of our clients have made specific requests on charts, and for the charts they do not mind us sharing with the public, we produce the chart and post it in which ever venue the client made a request. Our "schoolyard" remains our facebook page at www.4xQuad.com, where we make our announcements in private messages or with the public, and we archive our results here: http://bit.ly/16JMnH8, which is a bit.ly page under our namesake, 4xQuad, LLC. David Alcindor | 4xQuad.com
time for some new bearish targets ;-)
Tagada PRO ronfkingswanson
Give it a little bit more time, Gox has to test the upper limit of its downwards channel at $920 or so first.. That could make for Bitstamp closing in on its TG-2, which is about the limit of its own channel as well at about $870. Unless they break through, which i doubt, this area will be a shorter's paradise :)
Hi, may I ask, what is the Gox downwards channel you mention here? How do you visualise this, is it a cloud of some sort? Could you please clarify what you mean by this? Many thanks.
Tagada PRO johnrfraser
Hi John, i hope this simple chart will make it clearer:
bitstamp double topped at 818, clearly near your TG-1 resistance. Nice.
May I ask, on what kind of analysis these targets are based upon?
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