Fibonacci Retracements for Bitfinex, Bithumb, bitFlyer in USDRed: Bithumb
Purple: bitFlyer
Green: Average of 16 BTC pairings
BTCJPY and BTCKRW converted using Forex indices. So is the 16 pairing average. Fib lines drawn from each individual peak to their troughs. Interesting to note is how closely tied bitFlyer is to Bitfinex.
So far I cannot see a correlation because it's so hard to look at.
Bitflyer
Bitcoin above 6000 in 2017. PROVENSorry that you missed august 20.
But for once try right click on the scale "Y-axis" in my chart and select "LOG scale", please.
THIS reveals 6000 was nothing for BITCOIN. And check out how silly the bear pitchfork trend looks then4real. Cant even fit no lambo in there
BitCoin Bull Challenge! ANY reason to be long in the next weeks?This is to all bitcoin bulls:
You got any NEARTERM reasons?
That are neither making a fool of people who got too excited by the bubble,
nor far conspiracies but valid for the weeks (or month or days to come)
Then please feel free to add a donation address
My chart is not necessarily a trading idea but I tried to be positive in this chart and find possible motivations to buy. Didnt find them yet.
Bitcoin/ BTC Tilted double bottom & handle.Who said patterns are horizontal?
Break out of double bottom could be considered confirmed few hours ago as of the falling trend.
Yet it is another classic fight between "Rational (green) vs mania (pink)" ? Who is the stronger party today rationals or inanity, gambling, manipulation?