tradmantd

Based on the fact, that MACD and RSI broke into negative territory on the weekly chart, which it only did back in 2013/14 before the long consolidation phase, this is a very valid szenario. Also weekly moving average was building resistance for first time in...

Looks like BTC is in a hurry to consolidate, skipped a week from my initial prediction 9 days ago. Now more likely to drop below 3000 hitting Fibonacci support @ 2800

Keep calm and wait for more consolidation, ... still the future is bright. BTC is moving along my earlier predicted lines (see linked idea below) Any comments please, I´m still learning.

There is potential for a reoccurring consolidation pattern ahead, before new ATHs get cracked.

At the moment Iconomy seems to be a sleeping beauty, that waits for starting another leg in it´s cyclic run on the logarithmic scale. Their cryptocurrency fund is doing very well, which shows Iconomi´s ability to manage such a fund smoothly in times of extreme volatility.

There are voices who are telling that cryptocurrencies (especially bitcoin) cant be seen like regular currencies. Cryptos need to be watched on a logarithmic scale until they settle. Is this how the fibonacci channel should be seen? I am a total rookie in regards to chart analysis, so what I found might be total nonsense. Time will tell. What do you think?