MoonTrader
Long

Long term bottom established - bitcoin STILL not dead.

BITSTAMP:BTCUSD   Bitcoin / Dollar
There is a high likelihood that bitcoin has found its long-term bottom. The descending wedge that bitcoin has been in for a year is still valid, except that the floor turned out not to be in exactly the right place. Nonetheless, the pattern of decline that has taken place for over a year now confirms that bitcoin is not destined to crash to zero, at the very least.

Given this information, I have high confidence that we will see much higher prices in the future, and I have outlined some weekly resistance levels to watch. I believe this is a good entry point for those of you who may not know much about TA and consider yourselves long-term investors. While most people are scrambling to get out of bitcoin and announcing its death, smart investors have decided there is enough upside potential here to get a good deal with low risk.

Bitcoin is not dead. If it were going to die, it would probably be closer to $10 by now. The fact that we've gone down for such a long time and have stilled maintained critical levels means a very large upside correction is due. We don't know exactly how high it will go, but I believe it will be much higher than it is now.

Very coin, much donate plz:
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What does these horizontal lines mean? can we predict the the time closer?
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MoonTrader mirmiri62
horizontal lines are support and/or resistance.
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mirmiri62 MoonTrader
Thanks, can you predict the approximate time?
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MoonTrader mirmiri62
No. I just pay attention short-term, medium-term, and long-term trends.
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I really hope you're right man. Last year was a horrible year for hodlers and investors.
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Even while I was bearish, I knew the bottom was near.
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"There is a high likelihood that bitcoin has found its long-term bottom." Really ;D Guess why I posted these charts:
China 900 CNY Bitcoin Bottom
and
Bitcoin Bullish Reversal Pattern - 2015
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