JvdHout

BTCUSD pattern from 5900 -> 7000 -> 5000 -> 10000

Long
BITFINEX:BTCUSD   Bitcoin
Every jump a pattern emerges. From the exponential growth line, the candles move up to the overbought zone. The divergence between the RSI and trend line, and the simultaneous cross-over of the MACD, indicate a correction towards the exponential growth line, after which it continues to go up to the overbought zone again.
From this pattern I conclude that the pattern this time will be somewhere abouts: 5900 -> 7000 -> 5000 -> 10000

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