pacman

Bitcoin Price Poised for 3 months of Sideways Consolidation

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Inspired by Azop Rainbow charts and a few others I've seen, this chart is to help me see overall snapshot of what to expect over the next few months. Squares indicate cycles of Bull/Bear/Sideways
So much for the 50K that was touted at the start of the year, and 2018 would be the year of the ALTS. I wonder what other lies have been dreamed up to manipulate people to buy?
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Or we could dump to 3500.
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@Xzhi, 3500 is unrealistic in my opinion...my gues would be something closer to 5500 but would be short lived.
+1 Reply
Xzhi pacman
@pacman,

My calculation takes into account more than just a straight line
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@Xzhi, and my calculation tells me that there are way too many people waiting for 3-4k
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Nice chart. Good big picture trend analysis.
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We need the spike down in the RSI like in 2014 and 2015
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Nice Chart!
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pacman BitFink
@BitFink, Thank you!
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