My analysis on the following 4-month moving of the pair BTCUSD based on Bitfinex' volumes
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So guys, after 20 days of this forecast starting we're below the curve of my prediction as expected. If I calculated everything right after current consolidation we'll go bellow and try to find new local bottom. So will see. Please support me and leave the like here. I'm preparing a new HQ analysis right now regarding another alts and your support will be very helpful. Good luck!
Trade closed: target reached
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The target of 5600 was reached on 15 November, get lucky!
@ErickMandujano, I agree what this one is very obvious, but who said what the most obvious way isn't right way ))
vedkont
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@ErickMandujano, and again, this is crypto and situation can change quickly. The 4-month forecast is very inaccurate, of course.
n0xTrader
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I bet we'll hit the 9500 area first, then correct to 8000 area and try to break 10k. Why would it go down further in your opinion ?
vedkont
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@n0xTrader, I'd tried to show it on the chart. The first idea is the PA patterns LH HH and so on. Second thing is the VPVR indicator. And the main thing - the volumes are low generally, and will be less and less, I guess so, but this is just my opinion.
n0xTrader
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@vedkont, Thanks for reply. Right now we have little uptick in volume, considering average of last 2-3 months. I hope we can have bulls playing for a while. :)