MichielVan Kets
Short

BTC ~ it might go as low as $4.800

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
long term trends ... look at the previous low, it went sideways until it touched the median trendline; it would be perfectly normal to do so again, which would be ~$4.800 ... after that we can see the real bull run, as that $13.880 peak was obviously all just FOMO ... all this volatility is not good for a currency !!
Comment: there's a play button on the chart, when you click that it will update the chart, so you can see how accurate it turns out to be; try it

it's following the long term trend line ... that should be obvious by now
Comment: thanks for the upvotes
Comment: it's easy to do;
put on log scale ... obviously !?!
then select the fib channel; it requires 3 reference points;
pick highest 2 peaks and lowest low ... that's it
Comment: still following that median long term trend line ...

Comments

dude... wow...
+5 Reply
@wojciu,

thanks, mate
Reply
perfect birdie!
+2 Reply
@blackswan,

ok, I'll admit; it's not like I hit them exactly right like that all the time, so ... I've watched it at least 10 times myself already ;-)

although this one is pretty good as well; but scribbling on the chart like I did is just messy
+1 Reply
Excellent, thanks
+2 Reply
@OpenBlock,

just fib channels :)
Reply
Great work! - What is the indicator & indicator settings ? - Thanks
+1 Reply
MichielVan Kets traderblake
@traderblake,

it's easy to do;

put on log scale first ... obviously !?!
then select the fib channel; it requires 3 reference points;
pick the 2 highest peaks and lowest low ... that's it
Reply
nice one (y)
+1 Reply
@SamisiBTC,

thanks !
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out