General Overview for 14/12/2013:
The speculatiove bublle on its best.
You have not seen the top in bitcoin yet.
Projected support level is based on One-to-One geometry levels with some fractal showing up on H4 charts.
Any price below 700 means the market is still in corrective cycle of wave 4 pink with possible Triangle shape.
Support/Resistance:
1090 – All Time High
968 – Techncial Resistance
900 – Techncial Resistance
822 – Techncial Support
736 – Target Level
700 – Invalidation Line
Trading Recommendation:
Buy @ 736 with SL @ 698 and TP1 @ 968 and TP2 @ 1090.
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