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Beastlorion
Jul 26, 2017 5:00 AM

$BTC Trend Change Short

Bitcoin / DollarBitfinex

Description

I'm not certain on this yet. I know a lot of people are still bullish as hell, but I think it would be a mistake to brush this off so lightly. Personally I think it is likely and I think it would be healthy to see a more prominent bear run before we start moving for 10k. If we were to make a move for 3k again, I would expect it to not follow this pattern.

Comment

This would create the potential for a dump to the 1500s before a significant bounce and then a long slow decline back to around 1300-1500 in a years time.
Comments
JoeNez
I recommend you to use a log chart. Here ut looks way worse than it is honestly. And back then it was a 8x, now "just" a 3x. I am not concerned at all :)
Beastlorion
@JoeNez, I've looked at the log chart. It also shows the potential for a return to $1500 over the next several months - couple years.
No_structure
1400$
sal174
back to 2300- 2500 you mean?
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