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Lots of resistance above. Here is a possibility. Double your investment by Christmas if you catch the next dip to the 3000 area
Dropping to resistance turned support from last summer with matches the bottom of the downward trend. Buy here for a 25-30% bounce.
Current price movement is curving up. Too many salivating over $4000 or lower BTC. Gotta shake out some shorts and then cause more despair.
Long until the trend is broken... then short
Same path as late 2015 and early 2016 but much slower pace
Same path as late 2015 early 2016
The slope of the trend line is increasing at shorter intervals until we hit the previous All Time Highs
Too much too fast. But still in the bull trend!
The trend line which started in January has been broken and retested. We are headed to low 200s.
BTC is following the same price action as the last big drop.
The same pattern as the previous big drop
I'm expecting a fall in price to the long term support level around 400 once price reaches the end of the triangle pattern
Despite the "good" news from Mt. Gox. The bears are still in control!
What does this mean? Any ideas?
It is what it is. What do you think?