veryevilone

Are we really going to $480?

BITSTAMP:BTCUSD   Bitcoin / Dollar
279 2 3
This chart paitns a possibility of yes. Especially if we go into the grey zone of this fib channel.
Comment: The only thing is isnt similar, is that price is a decent amount above 50 EMA Line. So what could happen is, we bounce of the 50 EMA, which is around $490 according to my estimate. And then price will go even lower!
Comment: Ok so that bfx hack sort of made this come true faster than expected.
what do you see going forward now? good call by the way
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veryevilone PRO SpencerPool
If we look at the chart, you can see there is going to be two rallies, with roughly 100% retrace over the comming months. This is going by the orange circle i drew in roghly middle of chart.
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