Today the pair created a large bearish pin rejecting a key level of resistance. There is some "air" below which allows price to correct after the recent bullish momentum. Looking to short at the break of the pin and target target the 1.01 area.
SALES IN SITUATIONS MARKED ON THE CHART IS A GOOD. BASED ON FIBONACCI RETRACEMENT AND EXTENSION AND PATTERN ABCD . PLEAS ALSO NOTE THE PREVIOUS LINK.
IF Pattern has not complete by the end of 02/02/2015, the pattern will be invalid. IF RSI is not greater than 79.4 consider as a invalid pattern. By the time pattern complete, a reversal candle should be complete to consider as a valid pattern. Stop Loss 1.9960 1st Target Profit 1.98 2nd Target Profit 1.97436 GOOD LUCK!!
This high beta stock that moves fast compared to the market has made a 61.8% fibonacci ("fib") retracement, and the fibonacci projection tool suggests a preliminary target around $4.
The trend rejected resistance at the 61.8 retracement, only to decline further to rerest support at 0.764 FIB EXTENSION. if we break below this key level, expect to see targets towards the daily support 161.8 @ 0.93939
These are my thoughts and projections on the price at OKCoin. We may see a little choppy flat motion as well before a solid leading decline. A choppy flat motion usually leads to a steep decline in Bitcoin land, at least in my opinion. If Bitcoin isn't gradually moving up then it is either going down or about to go down.
Hello Traders/bears/bulls, Let me present my most accurate projection to date. Bitcoin will be going back to $0.0000001 support before a meteoric rise to a heavenly target of $1500. From there, bulls will be captured by the bears and it'll crash down to $50 before rising back to $500! Thank me if my predictions are right!! You're welcome.