BitHermes

BitHermes

BTC got close to 400, next to its up-trend fast channel line. Euphoria will take it farther? What do you think? I believe odds of a breakout are smaller than at 292, but still greater than 50%.

BitHermes

You like at it, and want to go faster. At first. Bitcoin is in the acceleration phase 2, and close to the important 290 projection level. Breaking through means 300 round resistance may be tocuhed soon. Next stop would then be 327.74, a 261.8% extension of the Oct. correction.

BitHermes

Added 3 time projections to dojitrader's version, for 127.2, 141.4 and 161.8 * 89 days, just to see easier.

BitHermes

A long bull run still needs its breaks. Failing to reach a new top means weakness to at least the previous low.

BitHermes

Breaking the upper trend channel line is generally a good thing. And BTC does just that. Short-term exhaustion may lead to a push higher, in the 2nd half of the channel.

BitHermes

A retracement may be due after the recent rally, with a break of 23.6%. A stronger retracement is not guaranteed though.

BitHermes

Euro may get a break for a while, from the bulls that is..getting rest before another push higher.

BitHermes

Bitcoin/USD may move a lttle lower before actually pushing higher. So short, then long view.

BitHermes

If Euro gets stronger, a double breakout out of the flag 1 inside the larger flag may lead to a very interesting scenario.

BitHermes

Although never 100% accurate, such a triangle setup may lead to a positive move and then to a breakout. If that would happen, the risk/reward would be an outstanding 6.4, with even a conservative target.

BitHermes

Moving inside the leaning upward pattern may lead to a very strong breakout. Although both the upside and the downside can be followed, most likely up is the way to push.