1 month downtrend broken; testing 3 month downtrend
BITCOIN/USD Current analysis: My 400 downwards target was hit exactly (you're welcome), albeit a little early due to mtgox. A tremendously strong rebound has occurred and the 1 month downtrend has already been broken, with force). Now the 3 month downtrend and ichimoku cloud remains. Sideways trading could occur for weeks and there will probably be a dip to 600, so place bids in the lower 600s to pick up the last buying opportunity. Also, I am still concerned that an elevated green trendline is being followed rather than the historical blue trendline and don't know what to make of this. If something bad happens, a path could be taken that is different from "bullish scenario". Disclaimer: I am not an investment advisor and cannot advise you to buy or sell. Do your own due diligence.
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