Bitcoin and the question we should be asking ourselves

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
This is the standard BLX chart used to track the candle patterns of Bitcoin from its early stages.

The pattern is parabolic and that has been discussed more than enough here. What I want to emphasize most with this analysis is the support provided by the Green Zone.

As soon as the price enters this Zone, Bitcoin makes a bottom, never breaks it, consolidates on the long term and slowly rises as it prepares the next Bull Market.

What we should be asking ourselves is "How long will the price stay within this zone?". Because as soon as it breaks it upwards, the Bull Market starts in emphatic fashion.
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Based on your chart, btc looks to be heading to 1200... as there is lot of support there
The question I'm asking myself is, "Why is there a massive volume spike on the chart from the beginning of October 2016 until early January 2017 on the BLX chart, yet volume is minuscule in comparison for the whole rest of the chart?".
How about $6 million per coin :):)

we have not yet tested 6000... once that happens then it will go back to do a double bottom...that will take all of 2019...pass the popcorn

+1 Reply
TradingShot BlockchainYahoo
@BlockchainYahoo, Wonderful scenario if you ask me!
It’s.. almost like I’ve seen this before.

@filbfilb, ha ha...yep.
@filbfilb, You got it right all this time back. Spot on!
Do you really think it won't go over the green line?
What do you think about this eth analysis?
TradingShot BFCMInvest
@BFCMInvest, This is not very relevant to my analysis. Why did you post it here?
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