damdamm

BITCOIN REVEALS IT'S STUPIDITY ???

Long
damdamm Updated   
BITSTAMP:BTCUSD   Bitcoin
I HARDLY BELIEVE THAT WE WILL GO UP AS A SCENARIO 1 AND CUT POSSIBILITY TO SEE RIDICULOUS LOW PRICES AS A ENTRY FOR CALLOWS.

BUT...

... WATCH OUT IF IT WILL BE SCENARIO 2 = CHEAP = IF STREET DRUNKARDS WILL BUY WHAT WORTH IS THIS COIN ... ???

BITCOIN BETTER DEFEND 6K OR 5K... AND SHOW SOME WORTH AND CLASS.

OR BE HOMELESS DRUNKARD'S ATRIBUTE...

MARKET MAKERS MAKING BLEEDING NOW WILL BLEED OUT THEMSELVES IF DISCOVER LEVEL OF DIRTY STREET DRUNKARDS...


THAT'S MY MORE LOGICAL THAN TECHNICAL VIEW.
Comment:
Comment:
From April to November 2013 we went almost 24 times UP. (First magenta pattern )

So second magenta pattern from it's low on $6000 - $6300 projected 24 times UP is $144 000 - $145 000. And it would stick great with upper channel line.

Again will pattern will be repeated ? We will see. As for now we are on the road.
Comment:
Comment:
ABOVE IS A LOG SCALE BREAK OUT FROM TRIANGLE ON WEEKLY.
Comment:
AND WEEKLY STOCH DIDN'T EAVEN SWEAT.

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