We're slowly descending right now and based on 4h chart, we'll continue this way till we touch the edge of the ichimoku cloud and begin the next rise to 600, giving us a base of 600 for June. Last chance to buy at these numbers before the July rally which will push through 4500-6000 by the end of July. Buy and hold coin.
LTC points to a complete correction.. puts us under the ichi cloud on all charts.. BTC to follow and it will fall hard. LTC seems to be where the smart money is. When trends start moving, LTC moves before anything else, especially on BTC-E.
Before we go big, we must drop and it won't be the last time we drop, but it may be the last time we hit $300 and below. Ichi shows resistance at current location and we have some large ask walls up till at least the $500 range which are holding us down. Combined, they work very well together and this little rally will go through a correction with a drop as...
Still following the downward triangle.. 3-5 days before we fall to the 300 mark for a double bounce. Question is, will we eat through that wall and hit the $258 mark shortly after that, before the end of May?
Cleaned up chart.. Launch in July. Call me crazy.. that's why I wear this tin foil hat.
Aug-1st 2014 target 4967, Jul-1st 2015 target 46725. 2015 lowest low 3122. Crash after 46725 high down to 21279 before return to norm uptrend. Based on lowest lows (discarding gox crash) and highest highs of rallies.
Here we go.. been following this line very well. We're going down before we begin the rally that will lead us into the July launch to da Moon!
Finish the current candle at 300ish before we rise back to 550ish? I still think 258 is the predicted low, but the walls are up at 300 right now and a small wall at 250 that may save us from falling off the cliff.
For your consideration and entertainment.
Based on patterns TheChasm shared, I did longer term projections for rallies following the current arc cycle. Kinda messy, but the fibonacci lines for buy and sell markers match up through the first 3 arc cycles, so I used those as markers for the 4th and 5th arc cycles. Seems to be a common market correction after each rally, then the arc begins. Arcs could be...
Quick explanation of Ichimoku Chart, lines and how I predict tops and bottoms for trades.
Trend lines since first of 2014 show that we're heading upward still and based on those trends, even with recent flash crashes figured in, Feb 24th expect $734/BTC and by Mar 15th $1040/BTC. Gox news should be out any time within a week and after a week of fluctuations due to whatever their final announcement is, trends will continue upward even if there is...
Expecting we're going to follow a trade range today within a 25 point spread from 650-675. Should net reasonable returns if you buy and sell at the right times and include a stop-loss in the red area.
Based on historical crashes in Nov 2013, Dec 2013 and Feb 2013, we have a solid support structure at roughly 546. However, the fork shows the upward trend continues since Nov 2013 and will continue with increasing support between 600-720ish through mid Mar 2014. Based on the fork, we have good support to reach upwards of 1100 again by mid Mar and current values...
With the morning crash due to Gox, we are able to see strong support and resistance lines forming. I strongly believe 1040 within 30 days is a reasonable number to achieve. If you were lucky enough to buy on the crash at $500 or less, good luck! :-)
BTC-E crash after Gox Announcement = PANIC with rapid correction