A, B and... ?

What happened:
The break-out try begining of march can be booked as failed (X). Retest of the lower trendline seems to be ongoing (A).

What I expect:
...is a successful retest (A) with a more or less direct reaction (B). This should directly pierce through the upper line of the wedge back towards higher grounds (Target: 10k to 12k).

Now...:
Let's assume this happens (and it happens quite fast) then one possibility would be a walk through in direction of it's ATH_ (B').

But for now we'll first wait to see if we get the retest (A)...

Kommentera:

Not yet calling it off. But there is quite a volume increase combined with rising price. This might pick up and we might see some jump up this weekend. Let's see...

Handel aktiv:

A has not really been reached. However the wedge is about to be left. B remains the next realistic target though. Quite bullish IMHO (unless we fall back into or below the wedge without intraday reversal).

Kommentera:

Getting closer to target B.
(I guess that the MtGox sellings being one if not the main reason for the last 3 months correction opens up the way for the bulls now...)

www.youtube.com/watch?v=XO6d2rKy...
(youtube report from RoadtoRoota - Bix Weir)

Kommentera:

Currently less trading volume. Momentum is not very strong. As I said before... the retest A did not fully occur. Seems we have to be patient...

Kommentera:

New trendline seems to be confirmed. It was touched the third time this morning.

Order avbruten:

It's finally gonna be a retest of the lower trendline it seems. So it is going to be A (or let's call it A') and then only B (B')...
I am Closing this Idea.