Been using a similar set up from my last Btc post. That post aged decently as both scenarios of hitting a sharp crash @ ~$6,000 hit along with our 'steady' support here @ $7,500-9,000.
Looks like we are going to continue to see some pretty significant price action moving forward.
Short term: I think we jump to ~$10,100-10,500.
There is a distinct possibility we revisit this sharp drop to ~$6,600. With tax returns on their way, I don't think we find meaningful upward movement until mid-April.
No matter what, I do believe that this will be some of the last opportunities until this time next year that we see Btc at under $10,000. Hodl Tight or buy the dip ;)
Let me know what you think. Always learning so appreciate the advice.
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Prep for... $6,500?
We shall see......
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Boom!
Now can we see some greeeeen????
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Greeeeen!!!!
:)
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not extending my fib lines is really pissing me off.... trade is active moon incoming
From a TA standpoint yeah!! However with the mt gox sell off. Its hard to predict where btc bottom line, or "would be" top would have been using TA. Also w the increase in news coverage,(on relevant projects) i would agree it seems like the market is juicing up for a run to 13.5k-14k. Slow and steady? Looking more like May. Bull run? Could be a just a couple of weeks to 14k.