This is the dawn of a new Bitcoin beginning. I hear the bears' margin calls of tomorrow calling. Don't believe me? Just watch!
The Bitcoin price is very low, but stabilizing and ready for a big uptrend starting above 1600 CNY. This major new rally begins in late February / early March 2015, when we finally break out of the long-term downtrend. Big green lines are yearly trend S1 / pivot prices.
Price climbing today means price will be stable tomorrow. That means your average lagging indicator will start to show an uptrend in two days. Which in turn means people are going to buy a lot in three days. This will mean we will break the triangle to the upside. Finally this means we will break out of the one year downtrend and therefore we will see a very big rally in March.
And also check out my recent Bitcoin price technical analysis from January 2015 with more green moon rockets from the bottom.
// Chart posted on February 19, 2015 around 3pm UTC, while the price was 1473 CNY (around 236 USD)
The Bitcoin price is very low, but stabilizing and ready for a big uptrend starting above 1600 CNY. This major new rally begins in late February / early March 2015, when we finally break out of the long-term downtrend. Big green lines are yearly trend S1 / pivot prices.
Price climbing today means price will be stable tomorrow. That means your average lagging indicator will start to show an uptrend in two days. Which in turn means people are going to buy a lot in three days. This will mean we will break the triangle to the upside. Finally this means we will break out of the one year downtrend and therefore we will see a very big rally in March.
And also check out my recent Bitcoin price technical analysis from January 2015 with more green moon rockets from the bottom.
// Chart posted on February 19, 2015 around 3pm UTC, while the price was 1473 CNY (around 236 USD)
