BITCOIN - Could it confound the BULLS?
There is lot of excitement as traders compare previous "Bubble" and subsequent price bottoming from which the price plotted bullish path and its apparent resemblance to the recent low at 340. This has given many Bullish traders to start talking about new bullish trend and price projection north of $2000 by August 2014 and yet other $5,000 by Dec 2014 etc
Could, the price continue to meet the bullish expectation or is it going to confound the bulls? What does the correct application of Technical Analysis and Elliot Wave Principle suggest for the Bitcoin's intermediate term price action?
Join me live on Sunday as we explore the Technical Analysis of Bitcoins price action alone, devoid of any fundamentals consideration.