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fifty2kph
Jul 15, 2019 4:18 PM

Bitcoin: Comparing Last Post-bottom 1st Rise with Current One 

Bitcoin / U.S. dollarBitstamp

Description

OK, I felt compelled to make a chart labeling all the relevant points that came to my attention recently in order to predict bitcoin's next move.

I have included all key indicators that I personally have found helpful since I started this charting adventure around a year ago.

Main Points

+ bitcoin is oversold AF
+ everyone in the crypto world who wanted to buy bitcoin, has most likely bought it
+ the 21MA has historically been a key support during bull runs
+ past 1st rise post-bottom was 67%, this time was 71%

If you have any questions or comments, shoot them down below.

Cheers.

Comment

+ past 1st rise post-bottom was 67% of previous ATH, this time was 71%. Similar.

Comment

Comments
wenbo
Very interesting. How did you come up with the 8800 support? Looking at the chart i see more 8200 as support zone
fifty2kph
@wenbo, that's from the top of the previous resistance zone.
justclueless123
CRUSHED ALL :)
fifty2kph
PERFECT!!
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