OmgImTrader

OmgImTrader

Bounced off the 3/1 angle. Once we break it, next target = 540

OmgImTrader

The target remains unchanged: $200-300

OmgImTrader

According to the Gann fan, we should find the first real support only on the 2/1 angle, which means price target at 200-300 USD/BTC.

OmgImTrader

Look at the price behaviour in the last months. When bitcoin is in a downtrend, every bounce/correction stops at 300 MA on 4hr timeframe. And when bitcoin is in an uptrend, correction stops at the same 300 MA. Right now we have broken the 300 MA again, and the previous runup (bounce) has stopped on the same MA again.

OmgImTrader

We probably have an ending diagonal which is acting as a wave C of a minor correction. Short-term target: 638-640, then next wave down.

OmgImTrader

USDRUB has touched the long-term uptrend line and has broken the short-term downtrend line. It seems the correction is over and the new motive wave up has started. My target: 40-41 rubles per $1 in 1-1.5 years.

OmgImTrader

We have broken the intermediate uptrend line which was valid last few months and right now have tested it. We still can go up to 630, but then will continue to go down.

OmgImTrader

We broke the pitchfork and tested it.

OmgImTrader

According to the historical bitcoin cycles, we are at the top for now. Time for the upwards direction is over and we are about to go down at any moment.

OmgImTrader

It seems like Bitcoin price acts more organically if we count it in Troy Unces of Gold.

OmgImTrader

The most important trend line since Gox times is broken even on Bitstamp.

OmgImTrader

Bats everywhere! Get out now! :D

OmgImTrader

My projection for the next 2 years

OmgImTrader

Just for fun

OmgImTrader

We have touched exactly the 0.382 fib retracement level of the previous downward move from $995 and found the new downtrend channel which is confirmed by the 2 previous lows.

OmgImTrader

And we finally finished the flat correction, where wave A = wave C. At least the golden section rule provides us powerful support.

OmgImTrader

Golden section. Bulls, where are you? It's your time beginning now!

OmgImTrader

We probably have a triangle which usually appears as a 4th wave right before a trend reversal. The triangle nose time point (possible trend reversal point) is right at February 20th, when MtGox is going to resume BTC withdrawals and trigger the new rally.