BTC - A path to $3,000
Updated
This is a weekly chart going back to 2014 through today. When the previous trend in 2014 broke a new bottom was established followed by the slow crawl out into the next moon shot. Fast forward to now. If 6K breaks down a similar pattern my develop. A bounce off the 5K area, rejection again at 6K from underneath, then a 50% plummet to around 3K. If you study this chart for a few minutes you should be able to see the similarities and the catalyst that made it happen in the past and how a similar pattern could repeat now for the same reasons. Panic, recovery, panic, followed by the long climb out.
Note
It looks like this chart might be back in play......Note
Pretty darn close!Note
It looks like Bit-Coin is in the process of creating its new bottom before making the long desert crossing into a new bull run. If this time plays out like last time the price could stay below 6k for the rest of the year. I will continue to accumulate on any major pull backs. I am officially in buy and hold mode only risking previous profits. Your mileage may vary......Note
343 views and 8 thumbs up. lolNote
Hit the play button and be amazed. :0)Note
I think this chart deserves a Thumbs Up! What do you think?
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