BitcoinLong
Quick fire BTC analysis
BTC has been respecting trend-line since 2013.
Assuming this trend-line remains to be respected for the foreseeable future and market consolidates between the 57-71k range on the monthly chart. we won't see any parabolic moves until FEB/MARCH 25', when it eventually meets up with the trend-line.
Moreover, We do not want the STOCH RSI to fall below the 80 line.
There's been a significant drop at least 54% EVERY SINGLE TIME it fell below the 80 on the monthly chart.
We want to see the 80 used as support and to prevent a crash from happening. If we see a fall below 80 on the STOCH RSI, there is a chance of approximately 35% drop to 44-45k, .5 on the fib retracement (NON-LOG SCALE) for more confluence,
that is, and again, IF the 10 year trend-line continues to be respected.
This is my second post, EVER! I would appreciate any comments/feedback.
Assuming this trend-line remains to be respected for the foreseeable future and market consolidates between the 57-71k range on the monthly chart. we won't see any parabolic moves until FEB/MARCH 25', when it eventually meets up with the trend-line.
Moreover, We do not want the STOCH RSI to fall below the 80 line.
There's been a significant drop at least 54% EVERY SINGLE TIME it fell below the 80 on the monthly chart.
We want to see the 80 used as support and to prevent a crash from happening. If we see a fall below 80 on the STOCH RSI, there is a chance of approximately 35% drop to 44-45k, .5 on the fib retracement (NON-LOG SCALE) for more confluence,
that is, and again, IF the 10 year trend-line continues to be respected.
This is my second post, EVER! I would appreciate any comments/feedback.
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