There are 2 interesting WW (Wolve Wave) patterns on the .
Both are annoted, red one is the most obvious.
We are now in the "5" areas where it's very interesting to set some long orders.
WW Pattern: http://www.investopedia.com/articles/trading/05/040405.asp
Falling wedge: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal
Related ideas (just below) to see proven WW reactions.
We're now close from the target and could initiate a new trend.
How could it ends ?
Then it will recover to $70 - $100 and will remain in that range in unforceeable future. No more volatility. I calculate price action between $70 - $100 for a practical BTC market cap. I also project EURUSD to reach 0.98. DXY to 113. in fast pace. Gennie is out of the bottle. Dollar explosion is happening right now. OIL down to $35. Silver to $9 and Gold to $800. Personally I will buy Silver at $9 coz that price will be the end of the cycle on commodities. Probably also Fed's QE resumtion. BTC seems to be unrelated to any of this. BTC follows its own path and it only seems to be related to uninformed speculants hoping for gains on appreciation. News does not matter for them because they don'read it.. IT's a very bad signal for a market. Means it's totally hollow. Full of uneducated uninformed, "a horse with blinders" participants. About the dollar: I don't know if the dollar will continue to rise further after it reaches113, but at least there will be a correction.