If history repeats itself... I believe we will see a fast drop maybe to about 176 euro with a bounce back to about 370/400 After this we will have some time of side way movement, which will result in a rise to the next level?
Lets see...
Looks like we are in huge bull flag heading for an accumulation phase, and that phase looks quite near when we are comparing to bear year 2014.
So after about 410 days from the top of end 2013 the accumulation started after a steep drop bouncing of the bottom of the channel.
This could be the case now. We could see BTCUSD touching 2508.
Lets see how this plays out.
So if we look at the past for a trend reversal we see bitcoin has to drop a bit more. Looking at it's current trend. I expect it will reverse at around 5300 mid november latest.
We shall see.
So we are in an uptrend and there is a pennant. I believe this is a sign the trend will continue as a bull run to 0.45 USD max 0.50 max. After we will drop to about where the pennant ended following by two waves, which will result in another bigger pennant.
Let's see...
I believe the coming month bitcoin will go up and hit the resistance at about 6775. From there, when it breaks the resistance it could test it as a new support if it holds it will go up. However, i think it will be more plausible the price will go down until October to about 4000 where it could test its support there. Which i believe it will hold with a more...
Tried to keep it simple, Still think Long. Passing the top resistance entering the green area would give some confirmation, bullish behavior is expected there. Still possible we go down into the red and through orange a few stages a bit before this will happen though.
I believe we will get there.
Let's see...
Looking at the movement from the end of March. I have got a feeling this one will follow that movement and rise again soon. Just want to share this one to see where it goes.
