Bitcoin has been bounced from the bottom of ichi cloud. My targets are 9200 and 9800 then btc will try again to push 10K which is a psychological resistance.
If Mt GOX Trustee sells Bitcoin , Somebody buys it thats it... That somebody is buying to gain profit not to lose money... Be smart dont be fool!
-LTC USD IS FORMING INVERSE H&S and ABOUT TO BREAK A STRONG RESSITANCE AT THE SAME POINT
-IF LTC completes right shoulder well, price could be higher.
-At the same point we have a ressistance (purple line) , I expect it to break that ressistance.
-Purple line is important because it is coming from ATH of LTC. It has tried to break it many times.
*H&S form will drop ETH to the green zone.
*By the way green zone is the accumulation zone for me
*ETH has a very very low volume
*ETH is losing its dominance againist Bitcoin
*Ichimoku shows bad things will happen
*Unless good news is pumped to the market ,
I am a kind of shorter of Bitcoin so as ETH.
*I suppose that some things will happen between 22th of March and 29th of March.
*New Scenario is being written by market makers and us.
*Look at the FIBONACCI TIME (Blue Vertical Lines)
*Green Resistance is a great breakout because it is ATH Resistance Line
*Red Support is a great historic bulletproof line because it is has huge strength coming from 900 US...
*March is dangerous. Bear is still alive because :
*BTC turned down from rising wedge and I think it will land around 9K-9500K...
*Red clouds will keep Bitcoin a little more under it.
*Volume is so low.
*Bitcoin dominance hit %42 but no flow from outside the Market.
Before this chart ,
I said : dont buy any altcoins until "confirmed" BTC/11400 or crosses BTC/12000.
I hold full bitcoin , I hope you did not buy any altcoins. We witnessed that all altcoins had dumped.
Now there is buy oppurtunity for altcoins if that happens:
*If Bitcoin touches around 9000
*It bounces from there
*Finally crosses 9500
*Then buy altcoins (only...
It is a prediction of Bitcoin by month. As you see , March is a dangerous month for us. Market Cycle works in late spring until late summer. Best Bitcoin Bull months are October and November. I hope this gives a big picture beyond technical analysis. Good days are near but be careful for BTC , It can fall anytime in March.