TerryKinder

Bitcoin Weekly Chart: Keltner Channels Point to Sub $500 Price

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
There isn't much to say here except, as the weekly Bitcoin price moves toward the bottom of the weekly Keltner Channels , the price looks poised to move under $500

Comments

That's interesting, because my indicators on 1wk are about the only bullish chart I have for BTC. I'm not in disagreement, I just enjoy the diversity of interpretations.

When I move my lin reg out to 360 units on the 1hr it looks like end of Sept, beginning of Oct for the potential $500 breech. When are your thoughts?
Reply
TerryKinder MarvinMartian
That's around the time frame I have been thinking of too. The weekly indicators I have been using for Bitcoin weekly have been looking worse lately.

+1 Reply
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