bloodgood

BTC when new ATH, Japans knows

Long
BITSTAMP:BTCUSD   Bitcoin
Lots of questions, as when will bitcoin reach new ATH? Someone says never, someone says around new year, this chart say.. this summer :D

Lets try something for fun, and use Japanese technique for Bitcoin price prediction.

The Kagi chart was originally developed in Japan during the 1870s when the Japanese stock market started trading. It was used for tracking the price movement of rice and found use in determining the general levels of supply and demand for certain assets.
Our asset in this case is Bitcoin, and Kagi will show us the path :)

This charting technique is relatively unknown to mainstream active traders, but given its ability to identify the true trend of an asset, it wouldn't be surprising to see a surge in the number of traders that rely on this chart when making their decisions in the marketplace.


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