pumapunko
Short

January sale before the rally begins!

BITSTAMP:BTCUSD   Bitcoin / Dollar
Hello Traders

This is an exciting time for Bitcoin             . over the past few months we have broken below multiple long-term uptrend lines and now the final one, the one that has never been broken in the history of bitcoin             is in our sights.

We had a nice bounce off of 304 up to 338 which was a perfect 0.618 retracement .

In the entire history of bitcoin             the price always bounced off of a trend line before a new rally begins. The trend line below us is the final one which if broken will break the logarithmic uptrend that we have enjoyed over all these years.

I'm expecting the price to touch 284 which coincides with a 1.618 Fib. This should make a nice short trade before we move upwards commencing a nice rally for the beginning of 2015

Merry Christmas and a Happy New year :-)

PS: Sorry that the labels are a little squashed together, I made this chart on an ultrawide monitor I just bought didnt realise that it looks bad on laptops!
This is playing out nicely, Just need to go up now :-)
Reply
Downtrend will end by late February 2015 with $190/BTC.
Reply
pumapunko PRO mozalin.cranz
Have you got any charts to show this analysis? $190 would breach the 4 year long uptrend which has been unbroken.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out