timyounkin

Just a long term berish idea for BTC

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So when plotting BTC in log scale and having the lowest dip as baseline, it just so happens that it intersects when plotting the recent downward trend line since mid February. Coincidence? It would seem plausible that after each bubble the price may need to go down to the previous all time high of the previous bubble to consolidate and recover before starting a new bull run. In this case around $1,125. I'm not saying that it will , but it wouldn't surprise me if it did. Just something to think about and be aware of. This is not investment advice.
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