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carlosdelagarza
Nov 12, 2017 11:04 PM

BTC possibility 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin recently touched 1.618% extension of 2$-4800$, Gann line from bullish start of 2015 actingh as support.

If breaks it, no new ATHs in a long time.

Note: Trade at your own risk, this is an especulation.

Comment

If breaks ATH 7800 next tarket is 12600

Comment

Inverse H&S pattern forming
Comments
football3958
with everyone wanting 5000, and reality might be new ATH, i think this is best chart to view ideas. with LTC and BTC following each other of late, I do not see LTC going under 50, or breaking down from the 56 triangle its in. Therefore how could bitcoin hit 5000, when LTC/BTC is still bullish
tchat
@football3958, I'm not sure the correlative theory of BTC-LTC can be supported if you look at how BTC sucked the life out of LTC (and all the other alts) from the second half of October through the first week of November. LTC never got a breath until BTC started faltering around ATHs. I think this chart tells a much more compelling story than any suggestion that BTC must now be following LTC.
football3958
@tchat, its time for them to rise to new highs together look how long the downtrend was, that has been broken since under .0068
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