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The bigger picture.
View on the long run. Right now I am short, target 400.
I see a resemblence in the last peaks with steep RSI declines, bouncing at around 50-ish at the weekly.
The decline we are now in looks like last two.
Going back to 400 by jan/feb 2014, with an intermediate bounce to ~800.
Next bullrun april 2014 $2250? India pushing :)
Than with the ETF in sight and all the participators all around the world (especially upcoming economics) trying for another uber strong bullrun to 4k - 5k by October 2014.
Only IF demand stays. Break out of the wedge expected Q1 2015.
I expect a new digital currency will be created by institutions (regulated) at around 2014/2015. The Bitcoin has been its succesfull predescessor making the road clear for another era and it will fall bigtime.
First published idea.
I see a resemblence in the last peaks with steep RSI declines, bouncing at around 50-ish at the weekly.
The decline we are now in looks like last two.
Going back to 400 by jan/feb 2014, with an intermediate bounce to ~800.
Next bullrun april 2014 $2250? India pushing :)
Than with the ETF in sight and all the participators all around the world (especially upcoming economics) trying for another uber strong bullrun to 4k - 5k by October 2014.
Only IF demand stays. Break out of the wedge expected Q1 2015.
I expect a new digital currency will be created by institutions (regulated) at around 2014/2015. The Bitcoin has been its succesfull predescessor making the road clear for another era and it will fall bigtime.
First published idea.
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