That's a bit of a stretch, Can i see the pattern going backwards?
CryptoCipher
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@murraay, it's on the previous chart I posted. this is a zoomed in version of that.
CryptoCipher
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@murraay, broke the channel and now breaking the second from initial breakout. see ya at the bottom.
murraay
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@CryptoCipher, I reviewed each of your charts. Looks like BTC is consistently under performing. IDK how conservative your analysis is, but you seemed to put effort into it. Might we see a substantive correction before Christmas? 10k before 2018 postponed?
CryptoCipher
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@murraay, I am expecting a correction any minute now. Triple top for 200 MA on 5M chart and 50 MA and 200 MA have moved below the 1000 MA for the first time since BTCUSD broke out from the last bottom at 5500. If we can hold above 7800 then 10k might be in the cards. If we drop lower than 7800, retracement back to 7500, 7000, 6500, and then 6100 is possible.
murraay
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@CryptoCipher, Amazing. Hard to think the future of BTC is in question. Maybe Operation Dragonslayer will be successful? Up to the (((Elders))) to decide, I suppose...