Since "The Manipulator" postings are welcome here, I too will share some analysis.
Let us first review how the old analysis played out: https://bitcointalksearch.org/topic/m.233319
As we can see, BTCUSD has indeed had a major trend reversal. The snail pattern was an indication that the reversal would come very slowly with excruciating weeks of "price stability", for example at 17 and 14 USD.
As the months passed, though, we have left the snail behind us. Today, I see another pattern I would like to share:
Looking at the MACD it becomes apparent that we are currently undergoing a BIRDISH DIVERGENCE (as can be seen on bird I in red). The MACD with the stretching wings indicates that the bird is ready for liftoff, which can serve as a leading indicator, because the bird in price has not yet followed.
More importantly, we are currently in a trend change from SUMMER to AUTUMN. As soon as autumn comes, it will force the birds to take off and head south, possibly having great influence on the Bitcoin price.
Furthermore, bird I and II are mating, making a great quantity of future birds a strong possibility.
Initial target is 35-60.
Let us first review how the old analysis played out: https://bitcointalksearch.org/topic/m.233319
As we can see, BTCUSD has indeed had a major trend reversal. The snail pattern was an indication that the reversal would come very slowly with excruciating weeks of "price stability", for example at 17 and 14 USD.
As the months passed, though, we have left the snail behind us. Today, I see another pattern I would like to share:
Looking at the MACD it becomes apparent that we are currently undergoing a BIRDISH DIVERGENCE (as can be seen on bird I in red). The MACD with the stretching wings indicates that the bird is ready for liftoff, which can serve as a leading indicator, because the bird in price has not yet followed.
More importantly, we are currently in a trend change from SUMMER to AUTUMN. As soon as autumn comes, it will force the birds to take off and head south, possibly having great influence on the Bitcoin price.
Furthermore, bird I and II are mating, making a great quantity of future birds a strong possibility.
Initial target is 35-60.
