PREPARATION OF DIVE IN THE MONTH OF SEPTEMBER - OCTOBER 2018
There will be more blood bath to come in the following months. "Price History ALWAYS Repeats Itself". And we are on the second to the last wave of bear timeline based on Price history of 2014-2015. $3500 is the max equivalent of $200 year 2015 Bottom as per comparative computation of 2013-2015 VS 2017-2018. $200 ave bottom price before next skyrocket on 2015 Divide by $1,100 ave skyrocket price of 2013 EQUALS(=) .18 (Percentage of Bottom price of 2015) TIMES $19,000 ave skyrocket price of 2017 EQUALS(=) 3,454.54. Therefore $3,500.00 is Possible without fundamentals.Currently it has formed a great head & shoulder in the day chart for the preparation of a big dive in the lowest bottom. (4k-3k hit) . 2014-2015 is a great price map for long term traders. and base on price map, september - october 2018 will hit the lowest low of 2015. Also, When you see the weekly chart RSi , it has not yet bottomed up. So short as you can for now until Weekly RSI shows its lowest bottom like the lowest bottom it provided last 2015.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.