AUDUSD is making a tradable bottom on the weekly chart as seen by the RSI, Stochastics rising off overold levels. The weekly MACD blue line is still sloping a bit down, but appears to be in the early stage of flattening. Significantly, you can see AUDUSD having found support close to current levels in early 2014 and early 2010. AUDUSD broke briefly below this...
NEWS UPDATE: Paypal (eBay) to accept Bitcoin. Paypal division Braintree (Uber, Airbnb) "plans to announce that its customers can start accepting Bitcoin" recode.net ----------------------------------------------------------- We reached a new intra-day bottom or even the new bottom for this week? The lowest price was 456.3 US Dollar on Bitstamp The "Short-term...
The fat red brownish line is the Gann fan trend line from the last swing low (July 2013 at $63) to the last swing high (November 2013 at $1163). This is the line which - surprise - happened to be the current low at $442. And it's the line where I hope Bitcoin is nearing the bottom of the current downtrend channel which started at $597. Maybe the BTC price stops...
-- UPDATE -- Prediction failed. We didn't get into the uptrend channel and returned to the drawn downtrend channel. We have found a bottom at around 600 US Dollar and are slowly leaving this price area. Here is my idea how the uptrend channel may look like.
The eur/usd prepared the finale wave correctly at 1.3455 support zone and expected to rise for the coming days at least for a 100 pips correction and later we could identify if this is a a real bottom before moving higher
Inverted Head and Shoulders is forming. Look for a safe long trade entry after the H&S confirms by breaking + retesting the red neckline. Potential for less safe trades in the meantime are indicated. Like my Charts? Feel free to donate : ) BTC: 1F1jpj7X3oyKHpGJ98chr39NvpzSXuPrnC LTC: LbsfK54KWQnyELCRTg2e9vfy1R5X7Nkuwa