iH&S to calculate the target you take: the high after left shoulder – this is the low of the head = 61
Information on 'How To Trade The Head And Shoulders Pattern'http://www.investopedia.com/articles/technical/121201.asp
My Forecast for Bitcoin ( 6 months -1 year ): We will finish completing this fractal around the beginning of September. The next price ranges for the next few months will be around 600-680 followed by a 680-770 range. Around December to January we will start the next phase of this cycle, which is the Spike Phase and start to see new highs. This will continue...
Just a possible scenario for btc price, after noticing certain floors.
Just observing similar periods in bubble cycle. Basing my understanding of Bitcoin bubbles/spikes from bitcointalk.org
I would say long but I am scalper that perma bulls for longs so up to what you all think!
Iooks like my half done prediction actually randomly holds as a trendline :)
Not sure about this just posting to see what people think? Timeframe of how when the next bubble starts is not accurate just for illustration purposes
Might be a long term BTC Pattern for bubble, consolidation spike, next bubble: April - November 2013