Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
supermine
on 21/01/2015, 09:42:35 UTC


OK Coin

Similar to what happened when the bear market ended at $65 after the $266 peak...



Nice pics. Nevertheless what we have today is not quite the same if you look closely. Today we are seeing an text-book bear flag (sym triangle with slowing volume) indicating  lower levels in an Wave 4 Elliot Cycle. Sure it could rebounce, but that chance would be 40/60, so my bets are on bear until I see a rounded bottom or similar reversal indication.