Very nice chart, very porn, but if we are making comparisons with the past, in 2011 and 2015, btc returned to the mean first
rickyricardo531
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@Bullbrain, And thats what this chart is implying. Thats why I drew the green horizontal on the 2014 peak; to show how it acted as resistance a good couple times atleast. So yea, 4Kish isnt crazy, possible to even go lower for a wick.
rickyricardo531
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@rickyricardo531, to be clear, im talking about the green horizontal at ~$300
Bullbrain
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@rickyricardo531, at this moment the all time mean is around 1600 dollar..... but I am wondering how this will end because of the bigger volume on the total crypto chart, but maybe this is to mislead everybody and fake volume.. i don't know, but am keeping 1600 and a possible bull trap in mind
rickyricardo531
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@Bullbrain, check out my "volume support levels" chart on BTC. If we fail the 3K floor, next stop for a low would be around 1900 with plenty of volume support above it. If we ever get to 1600, its going to take longer than we think; atleast the way things are moving at the moment.
rickyricardo531
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@Bullbrain, thanks for the compliments btw. I like your style as well!