Assuming we follow a ABCD type pattern and the descending triangle quietly forming for some time (as seen on the daily) breaks down, bitcoin most likely will be in for a ride.
If you have been following me in chat for sometime, you might have heard me say to exit in the upper 600s (due to a H&S-like pattern/pitchfork/etc.). If not, you can see some of the snapshots on my twitter stream (but keep in mind, I use twitter as my personal scratch pad to save chart snapshots).
P.S. My speciality is short term predictions as I am day/swing trader (so chat snapshots are far more frequent); thus, for confirmation of any long term prediction, I would advise looking at traders who focus mostly on those type of predictions.
If you have been following me in chat for sometime, you might have heard me say to exit in the upper 600s (due to a H&S-like pattern/pitchfork/etc.). If not, you can see some of the snapshots on my twitter stream (but keep in mind, I use twitter as my personal scratch pad to save chart snapshots).
P.S. My speciality is short term predictions as I am day/swing trader (so chat snapshots are far more frequent); thus, for confirmation of any long term prediction, I would advise looking at traders who focus mostly on those type of predictions.