It does looks like there are absolutely no bears to further support the dump to $560, despite the strong resistance at $680 and a possible triple top/head & shoulders formation on June 5. A look at this in another perspective: As the formation of the pennant gets slimmer and with a decreasing volume, 70% chance it'll most likely head to the upside with a...
Previously I have covered on the triple top on the 30 minute trend which suggest a further decline down to $620. Now that the decline have been completed, coupled with a rally yesterday. A closer look into a 2 hour trend does suggest another triple top on BTCe, whereas head + shoulders on Huobi/BTCChina/Bitstamp. Both formation will most likely lead to another...
Short if it fails to break 665 once again with a reversal below 650, long if it goes above 665 for more than 4 hours. www.forex-tribe.com
Hello Traders/bears/bulls, Let me present my most accurate projection to date. Bitcoin will be going back to $0.0000001 support before a meteoric rise to a heavenly target of $1500. From there, bulls will be captured by the bears and it'll crash down to $50 before rising back to $500! Thank me if my predictions are right!! You're welcome.
As usual, each time we get a Bitcoin rally Litecoin lacks far behind until at some point in time before Litecoin swiftly catches up. With the current price of $639 USD / BTC, we should be expecting at least $25 for LTC.
Comparing the rate of growth between LTC and BTC. Price target = $11.8
We might either see a correction to $560 once it hits 600~630 level or a further consolidation for the next pump... Black bar in the MCAD represents the range between the high and low value. It'll signal a reversal in trend as it heads towards 0 from either positive or negative.
short it for now, it might possibility fall back to 525 if closed below the trend line. Still bullish overall...
expecting a big retracement at around 600 levels, current levels of rise are unsustainable. However it is still pretty bullish for the next 12 hours..
Initially I was skeptical of a rally like this today after hitting an all time high of 539.14 on BTCe. Given the unwillingness of the price to go down below 500s yesterday, I managed to get fully back in at 504.. It looks like we are heading for the next rising phrase at around $580 level with an even stronger support at 500 level. Watch out for it closing above...