capoeira

capoeira

1), I forgot to include RSI. it will be in oversold ranges soon. at 550 it will be defently oversold around 550 we have also: 2) the very important 50% fib line 3) a very strong suport (blue crosses) 4) soon erverybody will be bearish; strong signal that it turns lol (this is not too serious, but think of it: when all short and midtermers are bearish, it means...

capoeira

fits nicely

capoeira

that wont hold

capoeira

neckline finaly broken

capoeira

midterm trend seams to turn

capoeira

EMAs10/21 crossed on 4h

capoeira

intresting also Stoch/RSI/MFI

capoeira

they crossed, but not realy

capoeira

keep an eye on that neckline

capoeira

the anatomy is always something like this; ip.bitcointalk.org this is a logchart. I circled the two phases I see a convergent

capoeira

;-)

capoeira

head and shoulders. sell signal if neckline breaks significantly

capoeira

near 500 (above or below, porb. below) we'll will most probibly see another dip/correction. $500 is a very strong psycologic barrier, perhaps as strong as $100. Just to ilustrate I copied the pattern near $400 - not trying to predict the curve at all. $400 will probably hold

capoeira

if this is gonna be a bubble, this is the very, very beginning........blue vertical line is + or - at same PPO level we are now

capoeira

crossing 108.23 would give a strong downsignal.....let's see

capoeira

all phases without wanting to preview timeframes of them basicly it means: sidemovement from now, new rally than.....RSI on Daily will be overbought......the BIG retracement is than neccessary (or we will inflate a bubble, which can happen, too). retracement according to Murphy's law is between 1/3 and 2/3.......if it goes up to $120, one third will be +or-...

capoeira

or will it break the lower line soon?

capoeira

RSI on Daily kissing overbought zone. RSI on 4h overbought for like half a day, and doesn't seam to go down. If this conitnues to up now we gonna have a new bubble