Banker928
Short

Poor BTC Bulls

BITSTAMP:BTCUSD   Bitcoin / Dollar
1318 7 17
Speculators are still artificially propping price up, hoarders have been selling as prospects for further gains have been dashed, volatility has dropped which also decreases attractiveness for speculators. As these leave the market for better returns elsewhere, consumers will need to step up and buy.. However currently consumer demand is far from widespread.. And won't be for the foreseeable future. This will continue to bring price down in a slow grind.

Expect price to continue falling within the regression channel on the daily time frame.

See previous BTC forecast.
BTC
fraktoking
2 years ago
wrong
Reply
Banker928 fraktoking
2 years ago
are you blind? lol...
Reply
johnrfraser
2 years ago
Hi Banker928,
How long can it be propped up for?
Right now it looks like they may have convinced/trapped the/some bulls?
Or do you think a fake right up to the previous 387 then bail?
Reply
Banker928 johnrfraser
2 years ago
$430 can be hit without the bear channel being threatened at all. $420 would make a nice short entry. With it falling below the channel for a few days, a rebound was bound to occur and it may take a week or so before the bears come out in force again.
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johnrfraser Banker928
2 years ago
Thanks for your reply.
That is precisely what I took from your post and your chart...that there's a big well defined channel with a LOT of trading potential in it.
Reply
Capoeira
2 years ago
nice shit. upper line is allready in effect also
Reply
Capoeira Capoeira
2 years ago
DA channel
Reply
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