MRS_Watanabe

MRS_Watanabe

The MACD gave the buy signal back in July 2013 on the weekly chart so far the MACD has given us good signals of market turns at each of the extremes Nov 2008 low $8.87 gave us a buy signal, which rallied to May 2011 high $49.78 then giving a sell signal near the high again at the very extreme of 4 on the MACD scale. The BUY signal was given on an extreme of -2.5...

MRS_Watanabe

I see lots panic sellers and lots of bears. So here is something to annoy both! Behold my bullish fork that I have coloured in blue so people can see the actual range and strength of the up trend better, and in red I have coloured red channel lines, that show the past mayor down moves. Also note the arrows that point to double bottoms on both occasions. The...

MRS_Watanabe

OK price still above the Ichimoku cloud, and the green and blue lines have not given a sell signal "YET". am cautious on the pitch fork lines, the Upper Quartile has been recaptured, and if it breaks down and becomes resistance we are headed south to test the Median Line where we had a nice bounce after the panic news that Chinese largest retailer stopped...

MRS_Watanabe

added new Fibo projection $1528

MRS_Watanabe

There is a channel on the monthly log scale chart

MRS_Watanabe

Reminder of the levels to watch on this cup and handle chart pattern with Fibo projections $403 region supt, should hold, in order to reach $621 then $839 followed by $974 which is so close to $1000 people will go for that. once above $1000 we have silly numbers ranging upto $1,000,000 as tragets

MRS_Watanabe

This chart projection is valid for all BTC vs Fiat. We are in a parabolic move that targets $960.1 In my opinion BTC will want to test the bigger number. $1,000 and could go even higher and stay sky high, as BTCs are of limited availability and still subject to laws of supply and demand it is hard to put a final price target.

MRS_Watanabe

This chart projection is valid for all BTC vs Fiat. We are in a parabolic move that targets AU$900.51 In my opinion BTC will want to test the bigger number. $1,000 and could go even higher and stay sky high, as BTCs are of limited availability and still subject to laws of supply and demand it is hard to put a final price target.

MRS_Watanabe

The target resist is the Median line arrowed. Slightly above the all time high $266 So am expecting the all time high to be taken out and perhaps we might see some resistance at the ML see April 16th arrow. But looking at the same Pitch Fork on other currencies like AUD we have blasted past the ML, it offered no resistance. Coming to think about this I am not...

MRS_Watanabe

Interesting to see last time the price remained above 50 MA the Fund algos switched to buy mode and gold rallied $100 but did not manage to go above the 200 MA. No follow threw down we went. Now this IH&S projection/target is near $1550 and well above the 200 MA. Am expecting a big move up $100s in a short space of time as the Fund algos switch to buy...

MRS_Watanabe

It is interesting to compare BTCAUD vs BTCUSD, BTCJPY, BTCGBP, BTCEUR etc pull up an Ichimoku chart and add Fibo retracements too. AUD is leading the way !!! it is well above the 76,4% retracement, the other fiat currencies have some catching up to do. Price above the 76,4% means there is a good chance it does a full 100% and test the highs. The Ichimoku...

MRS_Watanabe

4hr chart is very bearish, NFP proves no chance of taper, no chance of spending coming under some form of control debt ciling posponed, so no ceiling . This chart agrees with fundamentals. Red down fork target 78 lower parallel. It has been slicing threw all support lines and is trapped in this down fork. I would not want to be long US$.

MRS_Watanabe

Fibo retracement they are selling the 62%. Also coincides with an old support line which is now resistance. Am looking for lower prices but a higher low.

MRS_Watanabe

Bulls do not want to see old support turn into resistance. If that turns out so then the 4hr chart is in a down trend and the red fork is in charge.

MRS_Watanabe

The news is priced in now, everyone has had time to react to it. I have added to my daily chart a new fork. We are still in an upward sloping channel see lines that are arrowed. The new fork is a red down fork, not because its turned bearish but to watch for bounces off the red Upper Parallel line, arrow in green, bounces off that line would be bullish. a break...

MRS_Watanabe

Have added this red fork, for 2 reasons, A) looking for a potential breakout of the red UP to signal a new attempt to regain Blue LP. this would have me looking to get long. B) to see if the Red ML breaks and if the red LP becomes support, that would also coincides with a blue support line. If it holds I would be a buyer. If it breaks am out and looking for...

MRS_Watanabe

FOMC Taper attempt No 4 today. QE to infinity!

MRS_Watanabe

What interests me is that BTCUSD is trading along the Lower Parallel line of this blue fork, while in other currencies the BTC is actually above the Lower Parallel line,on the same equivalent fork. Just apply the same fork to the other currencies, and you will see. The other currencies are leading the way! BTCUSD has to catch up, the targets or places to...