BTCUSD - Dec '13 Repeat?
Updated
Hello all,
Just some thoughts here. The pattern seems to be fairly similar to what we saw earlier in Dec '13. Back then we hit a high of ~$1,150, dropped back to ~$400 (-70%), then we bounced and climbed back to $930 (+130%) before slowly consolidating to the $200 range (-90%).
I have shows similar points of interest with out current chart with upcoming targets if we were to simulate similar % gains and losses. I've also drawn various trend lines and where the "points of interest" might hit.
Comment your thoughts below!
Just some thoughts here. The pattern seems to be fairly similar to what we saw earlier in Dec '13. Back then we hit a high of ~$1,150, dropped back to ~$400 (-70%), then we bounced and climbed back to $930 (+130%) before slowly consolidating to the $200 range (-90%).
I have shows similar points of interest with out current chart with upcoming targets if we were to simulate similar % gains and losses. I've also drawn various trend lines and where the "points of interest" might hit.
Comment your thoughts below!
Note
Bounced off of the green buy zone. Let us see if it holds.
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