Bullish Reversal Confirmed; New Target | $BTC #bitcoin #litecoin
Friends,
Today saw a resurgence of bullish strength, and a cautionary note was added to the chart by defining technical conditions under which a reversal would be confirmed. These conditions have been met, and the chart has now taken a bullish stance.
As we abandon the now-lower probability of a decline and reset our mindset into skywards expectations, here are two moderate-probability targets and one low-probability target, namely:
1 - TG-1 = 775.09 - 11 MAR 14: Moderate probability target
2 = TG-2 = 797.49 - 11 MAR 14: Moderate probability target
and
3 - TG-Hi = 840.11 - 11 MAR 14: Low-probability target
While this restive market can turn at an moment, the predictive analysis and forecasting offered over time have remained respectfully close to the end-price action. However, at levels where price reverses following a significant impulsive move, one has to remain cautious and patient, as both erratic move or protracted consolidation can ensue.
Cheers,
David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting
PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.
-----------------------------------------------------
Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
-----------------------------------------------------
Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
Today saw a resurgence of bullish strength, and a cautionary note was added to the chart by defining technical conditions under which a reversal would be confirmed. These conditions have been met, and the chart has now taken a bullish stance.
As we abandon the now-lower probability of a decline and reset our mindset into skywards expectations, here are two moderate-probability targets and one low-probability target, namely:
1 - TG-1 = 775.09 - 11 MAR 14: Moderate probability target
2 = TG-2 = 797.49 - 11 MAR 14: Moderate probability target
and
3 - TG-Hi = 840.11 - 11 MAR 14: Low-probability target
While this restive market can turn at an moment, the predictive analysis and forecasting offered over time have remained respectfully close to the end-price action. However, at levels where price reverses following a significant impulsive move, one has to remain cautious and patient, as both erratic move or protracted consolidation can ensue.
Cheers,
David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting
PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.
-----------------------------------------------------
Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
-----------------------------------------------------
Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster