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mister_desmodue

BTC Broke Out of Downward Channel - Now What?

Long
Bitcoin (BITSTAMP:BTCUSD)  
mister_desmodue  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis BTCUSD btcusdlong
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trendanalysis chartpattern waveanalysis btcusd btcusdlong
- Retest of .5 major fib - beautiful and somewhat hopeful bounce on Dec 3/4/10
- The later rejection off of .786 minor and .618 major - not good, but unsurprising. We have danced around the .618 major for some time now since end of Aug 21'/reversal
- If we can reclaim the .618 major then .786 up next
- Some formations to be considerate of: ABW from July 21' (not shown), and enormous ATW from Oct 20' (zoom out)
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