chewner

Bitcoin Bottom $3000

Long
BITFINEX:BTCUSD   Bitcoin
shows BTC compared to gold from 1974-2000. Based on an overlay of the pattern, I came up with a bottom of $3000 for BTC. Ironically 3k is the only point BTC actually tested the previous high on the run up to 20k, so it looks like we filled in all the gaps and testing previous support again. Everyone's screaming lower, well these were the same people screaming higher at 20k. Euphoria goes both ways, at the top for the bulls and at the bottom for the bears.

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