Long
Ground Zero? A pheonix from the flames.
After a month of what has seemed like bad news upon bad news we have followed closely the line set out in my chart from late January. Long may this continue.
Has Mt Gox finally given us a bottom? They've not given us much else.
I'm new to all this so pretty sure this is not by the book but the EMA's look exactly like they did when we hit the bottom post April bubble.
If this is indeed as low as we go then the whole boom and bust cycle has taken around 75% of the time that it did last time round. This figures with the increased press coverage etc and if it were to continue we will have our S bend. Fire up the moon rockets.
I'm still very bullish on the technology long term so I’m hoping for one more dip to 480/425 soon then a slow climb to around 800 while we deal with the fallout before another bull run mid May.
This is for entertainment purposes only and should not be taken as investment advice ;-)
Has Mt Gox finally given us a bottom? They've not given us much else.
I'm new to all this so pretty sure this is not by the book but the EMA's look exactly like they did when we hit the bottom post April bubble.
If this is indeed as low as we go then the whole boom and bust cycle has taken around 75% of the time that it did last time round. This figures with the increased press coverage etc and if it were to continue we will have our S bend. Fire up the moon rockets.
I'm still very bullish on the technology long term so I’m hoping for one more dip to 480/425 soon then a slow climb to around 800 while we deal with the fallout before another bull run mid May.
This is for entertainment purposes only and should not be taken as investment advice ;-)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.