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The $638 Gann line became support again, and when we break $677, the next possible pivot points are $743 and $785
Looks like we gonna reverse the trend (from down to up) in 1-2 days
Looks like we are going to have a trend reversal in 1-2 days
We should go to $7,000 in the next 3-4 months. All aboard!
The market is still bullish, and right now we have finished the 2-month flat correction and ready for the next big rally.
EDIT @ Feb 16: because of MtGox problems, I have switched to BitStamp. So, please look at Bitstamp's version of this chart with some updates: https://www.tradingview.com/v/8KQHi8GI/
Possible trend reversal starting in 1-2 hours
Possible Head & Shoulders formation. If we see it, price target is $100 by December
It was just a 1.618 retracement. See you @ sub-50
The moving of last 2 months can be obviously defined as "Red bull pattern". Look at the chart.
This pattern will be confirmed when the second horn is drawn by daily candles.
Once the pattern is confirmed, the uptrend will continue with more power.