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CryptoAddict77
Dec 16, 2017 6:14 PM

In the long term prices always meet with the averages Short

Bitcoin / U.S. dollarBitstamp

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It might seem impossible now, but in the long term prices always meet with the averages. It is very hard to predict from where a correction will start and you could be way off on your estimates. That said I think we are close to a correction which will not make the chart bearish on the long term timeframes, but it will bring the price closer tot he 50 and 200 week EMAs.
I know I will get a lot of flak for this post, but this is what I see compared to all the calls of $50 and 100k prices coming. They are coming eventually, but not in the next 3 months in my opinion.

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An update
Comments
wantonwallet
this will go in the hall of fame of charts
CryptoAddict77
@wantonwallet, :-) Thanks mate
mimiy
There're bunch of people even around me that are longning for the crash to buy bitcoin. Remember,bitcoin is not anymore a small geek community stroy as it used to be.
KongCrypto
Good Job!
CryptoAddict77
@KongCrypto, Thank You!
mcbw_
Great call! What are your thought about us meeting the 200 ema on the weekly?
CryptoAddict77
@mcbw_, I don’t think we will go that far. I think we are in the last stage of this correction.
Clyspto
I agree. And 10k is still amazing as a price..
ggg666
agree
kaka900
agree
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