After looking at the elliptical movements over the past month there is an obvious pattern between $2-2.50 USD where the pattern is ready for breakout. A current resistance breakout is forming over the 7 day based on volume and patterning. Please refer to the FIB.
I personally believe, (and the charts back it up) that BTC will be back to normality in the middle of this month. By the end of the month, I expect a 10% gain, ABOVE the previous normal high. This chart shows what Allen Masters has repeatedly shown, along with adding trend lines for the obvious buy points.
Bitcoin is in a small recovery phase. COINBASE:BTCUSD If you have been freaking out, don't! Notice the uptrend and pattern shown. Notice that there is retention at the $8,000 mark. Today you should see a slight slip, followed by an uptrend. Recovery will begin in fazes, compare this to the .com frenzy and youll be able to ride this out AND make some extra pocket change!
