$BTCUSD (#Bitcoin) - Chart Update: 22 DEC 2013

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
232 7
Check updated chart for significant levels of overhead resistance today.

- Disclaimer: http://on.fb.me/1bhMjSp

Hello @ronfkingswanson - Bullish values are ceiling levels which price is not expected to exceed for the timeframe in consideration. However, for the time being, these bullish targets bear no contradictory to the overall bearish outlook defined in December 15th and 20th - David Alcindor | 4xQuad.com
ronfkingswanson 4xForecaster
understood on the bullish targets. was hoping you might have some more short-range insight into the next 24-48 hours. anticipating your next update...
4xForecaster ronfkingswanson
The targets we provide are preferentially looking at longer-term horizons (typically, we complete our targets in 1-3 weeks, so more like position trades, with occasional swing trades).

In the most immediate analyses, if price is not able to break above the 685 level, then a decline/unwinding should occur. If it breaks above that level, then expect a first resistance at the 690, then a stronger resistance at the 704 vicinities, as far as the most immediate interference with our longer analyses ... compliments of 4xQuad. Cheers, David Alcindor | 4xQuad.com
ronfkingswanson 4xForecaster
thx for the quick responses! my trades are also usually longer-term than this window, but I've been watching this very strong weekend trend for weeks now (https://www.tradingview.com/v/ZyVxjSSo/) and was curious if your TA had any reason to expect yet another deep drop in this window.
seems we can't even breach the 701 tg-int. The next 12 hours happen to be a moment of truth for a weekend pattern that's been constant for four weeks (https://www.tradingview.com/v/ZyVxjSSo/). Really curious what your TA says about this upcoming window.
I added a short-term insight for this chart per request, but long-term target remains in force - David Alcindor | 4xQuad.com
flibbr 4xForecaster
I was/am putting up 670 resistance. . . :-|
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