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Felix000
Jul 13, 2019 9:20 AM

WOW 61.8 retrace 1st June 2016 and same 1st June 2019. Education

Bitcoin / DollarBitfinex

Description

All part of the securitization and commoditization of a new asset class. DYOR. (Construction note: current hypothetical High 19891/ Low 1692.9 same ratio as earlier real High 1175/ Low 100)


Comment

Note: What I mean by 1st June is month of June (as is monthly chart)

Comment

Here's some weekend fun.

Comment

Bull run comparisosns using 61.8% retracements and 200 MA

See how well 61.8 retrace June '16 match June '19 from Dec '13 & Dec '17 Highs Also how well 200 MA High June '14 match June '18 with price crossovers June '16 & June '19. All part of securitization & commoditization of new asset class NOT ADVICE DYOR

Comment

Worth taking notice. Shorts have edged up. We now have the completion of a purple bordered box. What next? RSI did not touch bottom. Hmm. NOT ADVICE. DYOR.

Comment

Downturn over, or, RSI still to finish. You decide. Details on chart. NOT ADVICE. DYOR



Comments
Felix000
bitcoin DonaldTrump may have last laugh - UPDATE Effectively Trump said same as Bill Gates last year. Will Trump's call now make more money than Gates's 7 May - 24 June. Looks like DXY weighing down on btc. NOT ADVICE. DYOR.

YSM2000
You watched art attack as a kid didn't you
Felix000
Cool
@YSM2000,
meszaros
I think the 19800 usd target price is completely realistic. I made it even higher up to 22,000 usd. We'll see.
Felix000
No reason why it can't go to you're figure. The 7 Month MA is much steeper at this point then last time, and we just completed 5 green monthly candles plus a c. 38.2% retracement NOT ADVICE. DYOR. I wonder if Trump knows something that could slow the pace down that we don't @meszaros,
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