danielpugh

some ideas for bitcoin in the medium term - updated

danielpugh Updated   
BITSTAMP:BTCUSD   Bitcoin
just some random lines for practice again
pls ignore timescales, amounts, everything
Comment:
just to clarify following comment by @dervious ...
this chart is supposed to show potential for up as well as down.
for the up arrows (and all the others) ignore the heights as its all just rough
assuming it gets past all the scary bits then new ATH is perfectly possible and could go to 7k, 10k, who knows. It could happen quickly (next month or so) or slowly (scroll right on diagram) - most i know work on the hodl strategy and it has worked well for me in the past. Personally i am long term bullish on Bitcoin.
Comment:
Just to clarify for anyone interested ...
It could go up the green (as it has today), only part way down red to intersection then back up green in waves... i.e. in that example it be 3 wavesa123 (so followed by 4&5). This is a map of both bearish and bullish possibilities and what I see as the medium term danger areas..

Good luck all!
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