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JorgeAbascal
Jul 25, 2017 12:26 PM

I believe we have to go deeper to go higher. 

Bitcoin / U.S. dollarBitstamp

Description

This chart describes what i believe its going to be the bottom. This is the bottom that bitcoin has shown since its inception. Please see related chart
Comments
nafnar
Sorry for asking, but do you have any fundamental basis upon this prediction?
nafnar
@nafnar, No disrespect. I think this could be a great potential :)
JorgeAbascal
@nafnar, Zero fundamentals at all. I just believe we need two things, a double bottom and to touch the historic floor. So I think bitcoin will fail to break the pennant in a bullish trend and will fail to 1800ish where the double bottom will happen. Then I believe the mania phase will start. The timing for this will be Nov-Dec, which is normal to have a rally btw.
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