Bitcoin, obvious pattern (weekly), prediction for next 6 months

11 lug 2014

There is a very obvious pattern which has been marked by green, red trend line and 1,2,3,4 numbers. On weekly price chart (has less noise) is much easier to spot it. Please take zoom and have a better view for compare. The new up trend might appear even in late december. By that time there might be horizontal trend. We have 160 days to test whatever the blue long term trend line will still work.