Turco
Long

Will history repeat itself? Part 2 - Target $360

BITFINEX:BTCUSD   Bitcoin / Dollar
197 8 4
Follow up from previous chart - Will history repeat itself?:

It looks like yesterday's call, has started to play out and BTC has broken upwards. If momentum can be sustained, we should see a test of the next major trendline in the $360 range.
My opinion of what is to come this weekend and the next weekend: http://i.imgur.com/nWFiAOz.jpg

Compare with the LTC/BTC chart. However, this chart is not as detailed with time frame and prices. This is only to show the potential pattern repeat in both LTC/BTC and BTC/USD: http://i.imgur.com/RvHtD6Q.png
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Turco ProwdClown
Unfortunately, this news of the 50,000 BTC USMS auction changes things, and will likely rain on our bull parade.
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LOL

I believe you are right!
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I was considering this occurring before news of the auction: http://i.imgur.com/WzRuEy5.png
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Turco ProwdClown
That was certainly a possibility, but I expect there to be a lot of short / selling pressure on BTC in the short term.
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Agreed...

That's why I say, "I WAS considering that occurring in the previous chart I just posted. I just don't know anymore at the moment.
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Do you have a link to the news. I've been hearing it but haven't read the article. I thought it was 80,000?
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http://www.coindesk.com/us-marshals-bitcoin-auction-q1/
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