Today we touched the downtrend since December 2013. We are possibly going to make an attempt to break the 2 year downtrend and go for a Moon shot within a few months. Who knows if we will have another bubble, but breaking free of this long term downtrend gives us hope!
Break downward of the rising expanding wedge tomorrow night (10pm MST), then bounce arround $246-248 and back upward for closing long at $260 on Sat night (10pm MST).
Calling $250 within 8-12 hours, then we drop back a bit to $245 over the next 2 days, possible pump Thurs/Fri to break through 20 month downtrend. Let's see how the next 3 days goes.
Buys and stops are set. Going up to $251 tonight. Launch in about 3-4 hours. Then we retract to 50%, then to 62%, then kick back up to 25% before the next movement.
Tonight we touch 62% fib, then 24 hours later we kick up and break $245 to continue skyward for 20 points.
Resistance area on daily cloud. We'll bounce around here until Thursday/Friday night and continue upward after breaking out of the cloud.
Looking good for up, tonight/tomorrow. Entering the upper side of the Ichimoku cloud often leads upward and it's a good sign that TS/KS have crossed and could also push us upward soon.
Interesting ichimoku cloud formation on Daily. We have never since 2012 entered into the side of the inverted cloud as we are very near to now. We will probably hit the brick wall tonight or tomorrow night. I'd say tonight. If tomorrow, we may kick the side of the wall and go vertical upward. Be ready for movement. We are entering new territory if we hit the...
Been watching this formation for days, had the green arc drawn a few times and changed slightly, but as you can see, we're ready to go down to 229, within the red zone.
Anyone see this beautiful massive cloud holding us down? We generally stay at least $30 away from the bottom of that cloud., which means max you'll see is $250. We're at the top.. or very very near. There is no way we can break through that cloud and we're still below the 2 year downtrend (blackline).
Likely to follow the downward trend until reaching $150 by Nov-15th based on my interpretation of the Ichimoku cloud formation and current and future TS/KS crossing. Bad news for anyone buying into the market, good news for traders who are leveraging margin for shorts and buying cheap Bitcoin someday in the future.
The end is nigh. Bitcoin shall reach a value of Zero between March 1st 2016 and March 19th 2016. R.I.P. Bitcoin. Get out now or watch it all the way to the end. Long term thought is possibly Resurrection after the death of Bitcoin, so maybe it would be wise to cash out now, hold your cash on the exchanges and when bitcoin reaches $1, buy everything you can. ...
Breakout has happened and significant. 3 Month futures are skyrocketing right now with a target about $300. If this momentum keeps up, expect a repeat of Oct-Nov 2013!
Yep yep.. to da moon! or at least back to $300 soon.
Classic head and shoulders, could lead to our breakout again from this long term downtrend, possibly this time for good as we've already tested the top of this downtrend. www.investopedia.com
BTC-e numbers show we've broke the year long downtrend, almost exactly at the point my arrow and green squiggles suggested. Expect up and down sideways movement for the next 7-10 days as we continue to test the upper limits of this year long downtrend. We can't consider a breakthrough until we've tested the level a few times and moved above it. . BTC-e daily...
BTC-e numbers show we've broke the year long downtrend, almost exactly at the point my arrow and green squiggles suggested. Expect up and down sideways movement for the next 7-10 days as we continue to test the upper limits of this year long downtrend. We can't consider a breakthrough until we've tested the level a few times and moved above it. . BTC-e daily...