Simple time at mode analysis suggests BTCCNY has increasing odds of retesting the 3510 level from where the 9 month downtrend that sent it down after the all time high expired. It's possible to get back up to the mode by early as December, 2015, and we also have a monthly uptrend signal which points to a rally that should reach 3054.91 by June, 2016. Price action in the daily is considerably bullish, as explained in my BTCUSD Bitstamp chart. A drop back under 1553.82 would invalidate this forecast. Do your due diligence, and good luck.
Kind regards,
Ivan Labrie Time at Mode FX
交易進行
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Place 3 buys here. Third buy, same entry, but lower stop and no tp, sl at 1553.
交易進行
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First entry filled, 2nd not yet.
評論
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Keeps posting new highs...I think the BTC bull market has officially resumed.
評論
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Buy the dip again...if offered.
交易結束：目標達成
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Time for this uptrend ends soon, will be interesting to see if we manage to go any higher, or if we just fall before the halving date.
評論
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Time for the uptrend expired, and BTC retraced...Time at mode can be really accurate.
I understand but its a cycle that keeps occurring, right now were at the 5th megabull cycle. anyways we shall soon tell!
awe.investars
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Amazing prediction (y)
awe.investars
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Could you please make an analysis on LTCCNY or LTCBTC and LTC/BTC? Will really appreciate it. Thank you.
IvanLabrie
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Hi, they are very similar.
Long term forecast was the clearest one in BTC, mostly because the liquidity is smaller in shorter timeframes.
I'll post an updated LTC chart here in a while.