eloquentplatypus
Long

Bear Market Rally to $7.7k

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
420 views
5
BTC is following a fairly consistent pattern of less volatile highs and lows as we descend downwards.While I am not making any predictions on when this pattern will be disrupted, this is what I shall follow until it is. I predict a high of about 7.7k for this current rally.
Comment: In the last 24 hours we have seen BTC blast through the 50 day MA. Over the next month the 200 day MA will continue to drop rapidly. Good signs for bulls.

Comments

nice call on this one so far
+2 Reply
@Paulyz, thanks!
+1 Reply
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