user100000
Long

Expanding diagonal pattern

FX:EURUSD   Euro Fx/U.S. Dollar
485 10 2
here is an example of what an expanding diagonal looks like (from EURUSD             ) to give you some idea how BTC will unfold
target is 2800 or 28000?
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28K. anything else will be completely uncharacterisitc of bitcoin
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I love this. Are we still on target for runup in early Feb?
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user100000 rivet.popper
i don't see why not. im unsure of what the catalyst will be for this BTC reset and revaluation. i can only follw chart patterns
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rivet.popper user100000
Does it have to be a reset or disaster of some kind that starts this? Maybe it will be more fundamental BTC news like Amazon or Ebay accepting it directly.
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user100000 rivet.popper
yes, im sure there will be a fundamental reason for this move. we will know shortly!
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rivet.popper user100000
Don't forget Greek elections are in 2 days, and if Syriza wins they will most likely pull out of the Euro, which will start a cascade of Spain, Italy, Portugal and other indebted countries pulling out, hence total breakdown of eurozone. I would bet on that much sooner than the USD breaking down any time soon.
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user100000 rivet.popper
total chaos! good enough for me
+1 Reply
rivet.popper user100000
I thought you would like this: http://cointelegraph.com/news/113355/usd-drops-12-against-bitcoin-is-the-dollar-dying-op-ed
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user100000 rivet.popper
it's double ironic that the dollar system is actually ending soon. everyone is dedollarizing. strength of dollar is becuase of lack of liquidity in forex
+2 Reply
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