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Update on BTC

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A quick update on my long term idea. I've extended the Gann square a bit + making the arcs aligned with the lower points (marked with green circles).

This gives the target: 4280$

When: 19. July.

Good luck!

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I think the drop is starting right now!

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Fasle alarm:P

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GANN SQUARE Reversed on BTCUSD (Bitstamp)

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Looks like a break out this time.

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I've moved the arc a bit, making sure that those with green circles are aligned with the arcs. This gives us a pretty critical moment of the next step. If it breaks the blue arc, it will easily go down to the originally target (main target). But (!) if the blue arcs makes it bounce clearly then I'm not that sure any longer. The result will appear the next days I think:)

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The idea "A bearish idea on BTCUSD" could be the game changer - I'm whatcing that on closely from now on.

In other words I think we are getting close to the bottom.

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A close-up on the current situation, as I mentioned:

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Jrdelane gave me this clue: H @ S pattern inverted.

I give it 8-9 days from now on.

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Possible next move?

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Just hit the bottom line, more or less. Small pullback and then breaking through??

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Descending triangle potential done:

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It shouldn't break through 6130, this is where the right shoulder stops.

Also, it has broken through the arc I mentioned earlier. It still has one more arc to go.

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Another bearish pattern seems to be established. Kind of critial right now(!)

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The bearish triangle pattern got a bit wider. And it is not looking good right now. It bounced the first attempt to drop.

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In the other hand, the new level makes a strong support if it holds (the rising wedge is now completed). It is now or never.

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... and it manage to hold the right shoulder this time. The rising wedge potential is completed.

I've been adding some zones that I think are critical. Lets see what happens next.

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Okay, I'm long at the moment! Here is why:

- It made it through the "buy zone"
- It is making its path along the right shoulder perfect right now.
- I'm sure it will complete the head & shoulders pattern with ease.
- And the final one: It broke through the vertical arc I've been whatchin lately.