but we broke out of the primary uptrend in bitcoin .
I applied this A=B method to estimate a ball park (B) for the current downtrend + a possible bottom.
This is just my anticipation not a prediction!
I only assume something like this might happen if we fail to break out of the downtrend around 300.
Check out the bellow aswell. It supports my bottom level.
Cheerz : ]
this is btce chart (sorry its pretty ugly and hand made :)) when 75 and 102 (only btce) lows make nice trendline for 165 low which we bounced weeks ago...
i count with 124$ (timwest too according his chart :D) as next low which would make nice bull div on RSI...and then 75 and under 50$ which maybe could be between july-sept...we will see