272 resistance blown away in other Currency
The target resist is the Median line arrowed. Slightly above the all time high $266
So am expecting the all time high to be taken out and perhaps we might see some resistance at the ML see April 16th arrow. But looking at the same Pitch Fork on other currencies like AUD we have blasted past the ML, it offered no resistance. Coming to think about this I am not selling till I get a sell signal from the daily Ichimoku chart. Besides there is no incentive to sell BTC which are of limited issue, in exchange for any other currency that has illimited issuance, this could go much higher than anyone can imagine. Here is a calculator for fun. $10,000 or $50,000 why not? techcrunch.com/2013/06/02/calculating-the-long-term-value-of-a-bitcoin/
So am expecting the all time high to be taken out and perhaps we might see some resistance at the ML see April 16th arrow. But looking at the same Pitch Fork on other currencies like AUD we have blasted past the ML, it offered no resistance. Coming to think about this I am not selling till I get a sell signal from the daily Ichimoku chart. Besides there is no incentive to sell BTC which are of limited issue, in exchange for any other currency that has illimited issuance, this could go much higher than anyone can imagine. Here is a calculator for fun. $10,000 or $50,000 why not? techcrunch.com/2013/06/02/calculating-the-long-term-value-of-a-bitcoin/
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