$US Dollar upper resistance levels, no. Price Targets To Be Reached, in the coming months.
BitCoin and it's investors, traders and fans would really like to see bitcoin go higher but it can't and here's why... The US dollar is gaining strength across the board, the EU is about to embark on QE, the Feds are ending QE here in the states, plus the EU is about to get weaker due to the Russia-Ukraine situation and the biggest reason, bitcoin can't be...
Price Action, imo is clearly suggesting a break-out move from the trade channel to 400.02 (wkly chart).
BitCoin 479.98/460.21, downward momentum, downward trend looking for 397.99 before yr end.
WEEKLY CHART: Most don't mention it but $EURUSD has been traveling up since 2012, yes there has been pull-backs along the way but the main trend has not been broken. And the crazy thing is this, the wkly chart is suggesting that the Euro could go as high as 1.3931, 1.4214, 1.4500. I'm sure ECB President Mario Draghi would have something to say about Euro reaching...
Extreme Resistance @ $847.45 and @ $950.27. *BitCoin will never see north of $1,415.00. *BitCoin $199.37 to $99.67 by late 2016 to mid-yr 2017.
The $GBPUSD 1hr chart shows exactly what I have done which to create my own confluence between points that meet. Red line shows a price target of roughly 1.6820 while the lime line shows a price target of roughly 1.6857.
Using Fib Spiral Indicator to see what kind of price projection I would get, if $EURUSD reverses course next wk leading into the ECB Thur and NFP Fri, the fib spiral projects a target of 1.3994, but as time moves forward that blue line projection alters and adjusts to a higher price until price actually hit the blue line.
$EURUSD is finding support along the outer bottom linear-channel and bouncing up back into the inner linear-channel (the short term trend is up). I continue to look for a break of the s/r pt 1.3615.