I have been looking at the big picture and I'm not convinced we'll see a sub 6,000 BTC. At least not yet (?)
- Another ballsy hypothesis but this time I have done some basic maths and used basic trading principles around R/S and history (hurrah, must be right then :).
- Based on the fact that this last few weeks mimics the December boom I plotted the December 'bubble' and estimated the decline relative to form and key resistance points.
- I then plotted a prediction of 8,825 (roughly).
- I then turned on the 20, 50, 200 SMA and - BAMB - it looks like it will intersect perfectly.
Newbie disclaimer - Hey, I don't have a lot of time and it's a big step-forward for me, I'm learning through trial and error (mostly error). I think it is quite easy to make charts say anything, especially in the hands of a fool like me :)
Still, I'm going to put my stops above this line to buy back in.
HF
- Another ballsy hypothesis but this time I have done some basic maths and used basic trading principles around R/S and history (hurrah, must be right then :).
- Based on the fact that this last few weeks mimics the December boom I plotted the December 'bubble' and estimated the decline relative to form and key resistance points.
- I then plotted a prediction of 8,825 (roughly).
- I then turned on the 20, 50, 200 SMA and - BAMB - it looks like it will intersect perfectly.
Newbie disclaimer - Hey, I don't have a lot of time and it's a big step-forward for me, I'm learning through trial and error (mostly error). I think it is quite easy to make charts say anything, especially in the hands of a fool like me :)
Still, I'm going to put my stops above this line to buy back in.
HF