timwest

REPUBLISHING BTCUSD WEEKLY FORECAST FROM JULY 22 2014

Short
BITSTAMP:BTCUSD   Bitcoin
14
Here is the text of the forecast:
"July 22, 2014
Sell signal setting up ONLY IF
Bitcoin drops under 607.
Bitcoin failed to rally to the
upside target and therefore
implies some weakness in the
market. The stop is placed above
the previous weekly high at 633.
Tim"
(Time @ Mode Methodology)"

BTCUSD was holding steady and not declining and wtih today's action seems to bring this forecast back to life. Downside targets are still outstanding. Stop losses can be placed at the high of this week around the $590 level after entries on the short side under $607.

Tim 10:51AM Wed, Aug 13, 2014

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