I promised that I would inform you guys again when there were more interesting thing happening in BTC-world. Curious? Take a look, and fast, were gonna rise high again! :)
- Summary - I think the time has come finally --> uptrend. In my opinion BTC is starting to build momentum again before going up and rally again. From now were gonna go back to 650 really slowly... this process will take about 6 months from now.
Ok this was just the core of the text here comes the description this is to justify why this will happen.
Let's start by zooming out and look @ the first circle that I drew from jan 2013 until dec 2013. This looks very beautiful with all the different colors, don't you think?!? Besides that, it's also informative and useful to predict the future of BTC. (I know predicting the future sounds weird, lets say, take a gamble @ how the future might look like if this fractal pattern would be confirmed. Ok, yeah that's sounds better!)
Ok now back to the chart. You might've noticed that I drew the line of the fib circle from the top to the bottom and it does look damn great! Look @ the picture for a long time. The most important things are the circles and @ the colors of those circles that the chart is touching. After the failed rally (may 2013) in the centre of the circle in the red colored one. I've got in a downtrend. But while entering the bleu circle the downtrend started going down more... then it stopped. And the downtrend became an uptrend :):)
Ok now enough info, hold this pic in mind and scroll as fast as you can to the second circle I drew. And now compare the one in your mind with the one your watching now. (Now you're be might thinking: "OMG, so much is looking the same!")
Well guys it does! Very strange isn't it... BTC is now in the middle of the bleu circle. This might mean that the uptrend is a fact! Scroll back fast and look at the bleu circle of the first cycle! Wow for real, it does look the same AGAIN.... Ok now let's predict the future :) (wouldn't that be nice?!?) What was I talking about? Oh yeah the future. Take a look again at the first cycle. Here you see the red circle has resistance @ the point in the middle of the circle also a red one @ 128 dollar. Now see it fractal @ the second cycle so, were gonna have resistance @ 650 or so! @ 3/2 of the red circle the will ben in the beginning of may.
If this will be confirmed we might see a rally before august 2015. But for now keep an eye on the bleu and the red circle. Back to 640 within 6 months. This would confirm my whole idea.
Even when the picture on short term are looking to bad. Don't forget this quote!
“[Bitcoin] is a very exciting development, it might lead to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets.” Kim Dotcom, CEO of MegaUpload
I also want to share another thing with you guys. I'm 19 years old as many of you already know... andddd I've just started my own webshop in jewelry. I would be really grateful if you want to like my Facebook page --> facebook.com/MadelonsSieraden.nl & take a look @ my webshop --> madelonssieraden.nl Thanks a lot!
I hope my analysis and description helped you further! Good luck trading guys!
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