marvinrouge

marvinrouge

option A (green) : we had this week a triple bottom on the trendline (middle pink line) and we are ready to break up the bullish pennant* option B (orange) : maybe more likely, fall to 2xx during the next weeks, then hit on the historic trendline (biggest pink line)... And finally, break up the pennant* *I know... 2 (long term) bullish options but this year...

marvinrouge

We just lost 20$ and we are under the Ichimoku cloud, that doesn't sound good. But there is still a bullish possibility if the price maintain above the red line. If not, we could fall to 500's or even to the 400 support (triple bottom). We'll be definitively more secure when the price will break above the Ichimoku cloud.

marvinrouge

An opportunity to test the support/resistance lines provided by my long-term chart

marvinrouge

Did you notice the price is evolving since 2010 in a HUGE triangle ? If the triangle holds during 2014, the breakout (expected late 2014, early 2015) could indicate the long-term future of the bitcoin. Would it the birth of a world currency or the end of an experiment ? Take this scenario as entertainment

marvinrouge

(cross the fingers)

marvinrouge

Going through the tunnel ? edit : Was it the right angle ? alternative here

marvinrouge

Back to the 2011-2012 trendline. Could provide a decent support

marvinrouge

If history repeats itself, the same pattern as 2011 would give this. The same slow (but exponential!) rise, before a new bubble @4digits. But I'd like a little bit more novelty :)

marvinrouge

Ok, this scenario is far too precise to be right... Just take it as chart-art :) But you never know, maybe I'll have some correct parts !!

marvinrouge

All support/resistance lines seem to converge to this point The price will not pass necessarily through this point, but the 3 lines on the right can be good support/resistance lines, as well as the 80 level

marvinrouge

A breakout in the tunnel ? Brace yourself !!

marvinrouge

I know everyone is expecting a big rise and I'm expecting too, but before that we can go through some turbulences. The next hours will be crucial. If the BTC don't break strongly the 80 resistance, it will go down again for few days...

marvinrouge

another triangle... maybe a breakout tomorrow ?

marvinrouge

Not sure about it... Just for the thrill :)

marvinrouge

Somewhat speculative 1 month in advance, but we could be in a falling wedge... If the lines hold, we would make a new low at 50 or 60 (late july, early august)

marvinrouge

Triangles in the triangle. declination of with another idea

marvinrouge

A quick idea : We are in a serie of triangles shorter and shorter, drawing a falling trend. What's next ? Here is a bearish possibility. (bearish for the short term, the new trend can be more bullish)

marvinrouge

We had a big fall but one should be cautious before being bullish. The BTC may fall further.