Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Todorius
on 12/06/2014, 08:32:42 UTC
Now that the trolls come out of their hiding again ( I really did enjoy the short period of calmness without these assh**es posting their regular s**t in this subforum (looking at you Jorge, Fonzi, etc), sorry for the drastic words )
I want to kindly remind you of what happened in 2013:



Notice the similarities starting from the July bottom back then to the maximum in early September. Perfect retracement to the first Fibo support level at 115, then a stabilization at around 120-125, then sideways action for a few weeks.

We now might be seeing the same here. Testing suppor at the first Fibo Level, slightly over 600, then recovering to 620-640, then a few weeks of sideways action. I don't think a flashcrash like the SR closure in early October 2013 will happen this time.
And then in early July, the real rally will probably start.