just some random lines for practice again pls ignore timescales, amounts, everything
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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.
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..
one thing if I can suggest... If sole practice purpose, please do so with another crypto pair ex POTCOIN or else. you're giving lot of users massive heart attack with this idea...
danielpugh
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@dervious, which idea? up to new ath or down ;-)
if the down is worrying perhaps they should scroll the screen to the right with the new ath at around 7200...
lots of others talking about drops to these lows and rises to highs - best to have a balanced view (it can go down as well as up) - generally things have to go down to go up (thats the beauty of bitcoin i.e. it happens all the time...)