With a thick 4h ichi cloud (resistance) coming up, and no SR auction news in yet, I'm venturing to say that we will at least see a retest of the OTE long zone at some point soon. We've been seeing obvious downward manipulation of the price ahead of the auction, which leaves me feeling pretty bullish overall. Furthermore, most all technical indicators have been...
Bitcoin has negated retracing to the 38.2 fib twice in recent days. As we continue to chug along in this 'bull channel', it will be interesting to see whether we retrace or keep on keeping on. Regardless, 600-615 is starting to look likely to be hit conservatively.
This is my analysis of the long term trend. My fibs may not be the tidiest here, but I think the idea will provide extra credence to a few technician's recent predictions that suggest the bear market will be continuing.
It is my opinion that Bitcoin's price swings correlate with lunar phases. Especially the larger rallies.