Long

Bitcoin Price Movement

Updated

I've been using this chart to "time" 's movements for a while.
Figured I'd post for those interested.
I've drawn out a projection of it's potential path till the middle of 2018.
Yes, they are INSANE!

Note

It seems things move faster than I anticipated. If you look at the graph, you'll notice I expected a rise to around 20k and a drop to around 10k, but I expected a move down to around 7k after reaching around 11k first.
Well, there's no need to to mention that bitcoin blew past that 11k mark. Your grandmother probably knows that.
I am hoping that quick drop to around 10k is not the beginning of the rally to 50k.
If It is, it's unfortunate I had no disposable funds, but if it's not, I still expect bitcoin to hit that mark in 2018. So keep buying when it's "cheap"

Note

Whelp. The quick drop last month wasn't the beginning of the rally, but I believe the drop this time around is. I'm invested in a number of altcoins and ready to ride the next wave up.
Happy Trading.

Note

Wow. What a drop!
Feel free to trade the chops, but wait for a cross above that red line before going all in.
There will be more profits in the months to follow.

Note

Needless to say, that went in the completely opposite direction.
It is holding the support line well though :-)

smalltyme

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.