Hypothetical projection for BTCUSD as of Aug 19, 2017

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I've just been playing with potential future movements of Bitcoin and I like the layout of this one. This isn't a prediction worth planning trades on but more for my entertainment, to save it and see how it compares to the actual future movement (Just like I did with by 'Bump and Run' chart years ago). This one assumes the top is in for this stage of BTC .

Either way, I don't have a financial interest in Bitcoin . Happy trading :)
Comment: Just a further comment, I'm not saying in this chart that we have reached the top/reversal for the year. This could still hit $5000+ who knows. Basically it shouldn't change the accumulation area, but would most likely change the target area for the next leg up. For example, if this current run up breaches $5000 then I would expect the next one to be $20,000+.
Why did you choose this area for accumulation?
DanLaffas seangagne
@seangagne, Quite simply because that is what happened after the last correction. I'm assuming history will repeat itself

+1 Reply
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