mc77

mc77

My english is not that good, but I trie... I looked at the market volume of bitcoin within the currency pairs and calculated the total volume in USD using the current currencies to the dollar. Also, in the charts of btccny, btcjpy and btceur, I simply set a fib table to the first clear peak and determined that the last ATH is exactly at 4,238. According to the...

mc77

If we study the rules of this theory, this is a possible scenario.(?) But I'm a "noob" to trading... :)

mc77

Zoom out and look at the red trendlines drawn by line chart (green= candles). We move in a big triangle. The red upper line in combination with pivot= strong resistance. I think we will see a down movement to the monthly pivot or deeper, before we will test the strong resistance on the way to a new ath.

mc77

I think we will see a correction to 1200 dollar and then rises to infinity ;-)