TERRRA

TERRRA

1. The last candle closed below the ichimoku cloud and the current candle is also below the cloud. 2. Bitcoiners are following a false trendline (dotted green) which is not a good trendline because it was drawn against a single wick from a flash crash rather than against the bodies of the candles. The real trendline (solid green) has already broken and become...

TERRRA

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,...

TERRRA

I have plotted a number of logarithmic support and resistance levels. The light blue log line on the bottom actually traces all the way back to the inception of bitcoin so it the most well established trendline to follow. I have observed that crashes and bear markets tend to bounce off of an intersection of horizontal and logarithmic support levels. Two such...