johnjdailey
Long

BTC Long Term Lines and Indicators

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I think BTC is going to the moon because we only have 4 million more coins to be mined, the lightning network is about to complete tests in testnet, and will be going main net soon :D wallets are testing well. Well, that is some network meta info.


What do you think of this chart analysis?

I chose Bitstamp because they have a longer price history with BTC than Coinbase.

I am trying to look at long term trends, supports, channels, and fibonacci retracements.

Some people say we may come down to $4k, but I don't think so. That seems like a super conservative estimate.

I think we will stay in the upward trend channel. I suppose we shall see soon.

Comments

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