BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This post uses simple technical analysis with major trend lines to give answers to major questions that are going around.
Here are they.

1. Have we entered Bull Market? - YES
2. Can the price go higher before major correction? - NO (Red Line)
3. How much low can the price retrace? 4800 - 5200 (Green Line)
4. Can the Bear market continue from now? (YES - When the price breaks Yellow Line)
5. Are we done with the current uptrend? NO (Target 7400 Max 8200)

Post your questions in the comments.

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May 14
Trade closed: target reached
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