alste.
Short

Double Resistance around ~820 level

BTCE:BTCUSD   Bitcoin / Dollar
488 6 6
We're observing two price resistance levels: one from the 820 level which has served as strong support over the past several weeks, and an upper edge resistance from the longer-term channel. Price is touching the bottom edge of the shorter term channel, but judging by the strength of the longer-term channel resistance as well as the 820 resistance level , we are likely to see a bearish breakout within the next few periods.
Awesome call.
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Once again, I have been outwitted by the master lol. Still have a lot to learn from you
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Extremely precise prediction!

Does it still in bullish trend?

If yes...
On BTC-e, BitStamp and Huobi, looks like it is on the 2nd leg of the bullish trend while it is on the 4th leg... Would you please comment...

What will be the top price prediction?

Thanks
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alste. PRO leela.fame
As with many things bitcoin, TA is not always enough to predict price. The news of Charlie Shrem's arrest (http://www.cryptocoinsnews.com/2014/01/27/charlie-shrem-bitinstant-ceo-bitcoin-foundation-vice-chairman-arrested-new-york/) could perpetuate this new bearish trend. Next price reversal levels are 780 and 760. Not placing trades at the moment as I see no clear signals and price is close to major support levels.
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Damnit I didn't see this early enough
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alste. PRO MikeLloyd
Great to hear from you, young padawan. I'm certain you'll become more prescient over time.
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