Price remains trapped between 362 & 345 for 2 trading session. Would expect to see a decisive move by 4am Est on the 24th tomorrow morning.
Moon Phase has shown New Moon and a new move should be imminent.
Bullish Scenario: Looking for a breech of 362 to test 368 379 which will violate the downtrend we are currently in from the most recent high of 471. Key long swing levels for larger moves are above 400 for now.
Bearish Scenario: Breech of 345 taking us down to test 316 and possibly lower to 265 which if broken would signal much more selling
Kommentarer
Kazonomics
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As mentioned in bull scenario our key long swing areas are above 400 for now...414-417 to be more precise. Price will need time to gather energy now as it has completed the range of this box at 391. After price recovers from this little run we should see price head toward 368-362 range or break the consolidation upward through 400 and test against 414-17 area before it has a chance of truly breaking free to really extend into a major bull wave....this will all happen by around 8PM EST tomorrow night on11/25/2014
You can trade entries on lower time frames when it threatens to vacate the current range between 379-391. GL
truthful.lie
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Wow, you called it perfectly Kaz!!!! +10000
Najska
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This post has just taught me that there exists such an art called trading art. Wonderful chart!
Kazonomics
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Timing is key following on my last update a short in lower time frames should have been very obvious as we breeched the 379 level cleanly. In trading timing is key and our 8pm move to vacate the 391-379 has arrived again on schedule. Hope everyone had a chance to make some BTCs:-)
ChimbOt
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dam kaz, whered u learn that ?
GOOD STUFF
Killy_Mel
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Thats what I call REAL MARKET DISCO!!!))))
TomProTrader
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My eye was purely on the trendline resistance (from that higher high, to where you published your idea), once that line was breached I was in a long position. But this is an interested way of looking at things. Nice
You can trade entries on lower time frames when it threatens to vacate the current range between 379-391. GL