Expanding diagonal pattern

FX:EURUSD   Euro / U.S. Dollar
here is an example of what an expanding diagonal looks like (from EURUSD             ) to give you some idea how BTC             will unfold
I love this. Are we still on target for runup in early Feb?
user100000 rivet.popper
i don't see why not. im unsure of what the catalyst will be for this BTC reset and revaluation. i can only follw chart patterns
rivet.popper user100000
Does it have to be a reset or disaster of some kind that starts this? Maybe it will be more fundamental BTC news like Amazon or Ebay accepting it directly.
user100000 rivet.popper
yes, im sure there will be a fundamental reason for this move. we will know shortly!
rivet.popper user100000
Don't forget Greek elections are in 2 days, and if Syriza wins they will most likely pull out of the Euro, which will start a cascade of Spain, Italy, Portugal and other indebted countries pulling out, hence total breakdown of eurozone. I would bet on that much sooner than the USD breaking down any time soon.
user100000 rivet.popper
total chaos! good enough for me
+1 Reply
rivet.popper user100000
I thought you would like this:
user100000 rivet.popper
it's double ironic that the dollar system is actually ending soon. everyone is dedollarizing. strength of dollar is becuase of lack of liquidity in forex
+2 Reply
target is 2800 or 28000?
28K. anything else will be completely uncharacterisitc of bitcoin
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