I overlayed the last bear trend (59 weeks) with the current one (51 weeks) and compressed it to fit the current trend. Of course, this is super hypothetical and assumes that the coming bull trend plays out like the last one which is unlikely. But I guess this can give us a possible idea of what to expect for the future. A more in-depth heikin ashi (weekly)...
R = Reversal
C = Confirmation
This chart is based on Heikin-Ashi candlestick-analysis and a longterm pitchfork for finding support levels.
- reversal at median ($7900)
- bottoming out at $5300
- bottoming out at $4000(/$3000)
Everything below $3000 should be considered very dangerous.
First of all: This is just a possibility and should be seen as one. Don't base your trades on this idea! Price will fluctuate and may or may not follow its past. This is just something I found and wanted to share.
Dark blue lines: possible triangle
Purple lines: a small channel BTC LOVED in 2017
Light blue price line: BTC past performance from 2017-08-31 to...
I basically overlayed Bitcoin prices from mid June to mid July of this year (blue line) with the current price levels, based on the idea that fundamental events reoccur again and again.
Especially with the current Segwit2X topic going on, I would keep an eye on this... things are going to get bloody.
I wanted to share this idea as a follow-up from my last BTC...
The blue line represents the BTC-chart from end of may to june. The current trend follows the old trend very closely, so keep an eye on it!
This chart is based on an older private idea I published two weeks ago. I link it for you down below.
Picture of end may - june: