Ok so this is how I currently see this going, we will consolidate in this wedge testing support and the resistance side of these overall trend lines. I have drawn these trend lines from overall run up of BTC and downtrend to come up with this. I'm not working off the 4 hour chart that's a waste of time this is done on a day chart. So going off this I believe we will get very tight into the wedge and around june 11 we will see a break out heading north on the price chart. Providing there is no scam or major FUD that ruins the party we will not drop below that support line and break through the resistance that has plagued us for a while now.
As you can see on my other chart I was nearly on the day where we would see some action lets see how well we go now. I have bought hard in this last dip and made some pretty good bargains. Keep an eye on the macd to see if this confirms it but I have put my money where my mouth is.
******************************************************TIN FOIL HAT ZONE************************************************
If you also look at the weekly chart you will see we maybe approaching a double bottom which could be a shoulder formation and that will see us gain to 35k until buying is exhausted, unless regulation has been agreed upon. Looking at the banks and exchanges and preparing for crypto currency trading is telling me they are getting themselves geared up for the massive amounts of money that will flood the market. As we all know government won't move unless the banks give it a go ahead then they will make sure they get in first.
Sometimes you just need to open your eyes to the pieces being moved on the chess board
As you can see on my other chart I was nearly on the day where we would see some action lets see how well we go now. I have bought hard in this last dip and made some pretty good bargains. Keep an eye on the macd to see if this confirms it but I have put my money where my mouth is.
******************************************************TIN FOIL HAT ZONE************************************************
If you also look at the weekly chart you will see we maybe approaching a double bottom which could be a shoulder formation and that will see us gain to 35k until buying is exhausted, unless regulation has been agreed upon. Looking at the banks and exchanges and preparing for crypto currency trading is telling me they are getting themselves geared up for the massive amounts of money that will flood the market. As we all know government won't move unless the banks give it a go ahead then they will make sure they get in first.
Sometimes you just need to open your eyes to the pieces being moved on the chess board