Post
Topic
Board Speculation
Re: Analysis never ends
by
windjc
on 14/10/2014, 01:42:15 UTC
Say what? Weekly and daily ADX show reversal. "V" formation on charts is a reversal struct. Price closed back inside weekly bb and in positive daily BB zone.

We may expect some bounce (1-2 months) into 500-600 area. But I am skeptic about further bullish move. Wake me up at 500, I'll post next analysis.

Nah. I think we are in the C of an A,B,C correction. We will hit the upper BB around 420, maybe go past it and then we are in bear mode again. Head and shoulder patterns rarely happen in bitcoin.