Framing BTC pain longer term...Possible 23k BTC by summer?

١٢ أبريل ٢٠١٨

Cryptocurrency is volatile. But if the past few months have been painful, it may have appeared more so given that lots of people entered the market for the first time around Christmas for FOMO and have lived a pretty crazy period within the market. However, zoom out and frame those three months within a bigger picture and it doesn't appear so crazy....a symmetrical triangle whilst the market catches its breath from an obscene bull run. The symmetrical triangle I have been tracking has numerous touch points and seems like a solid trend - it isnt suprising considering the run BTC went on last year. There should be a breakout soon, and BTC could go either way. But... if BTC breaks up, it could easily go on another run to 23k in short time. Of course, it could break down...

١٢ أبريل ٢٠١٨

ملاحظة

Just to add the contrarian view - could see as low as 2.5k if we break the triangle downwards.