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MagnusTradingGroup
6. Dez. 2015 21:03

Bitcoin: A Longterm Outlook Long

Bitcoin / DollarBitfinex

Beschreibung

It might take a couple years before another rally.

The next 4 months I expect price failing at the red trend line and coming back down to 220-300 depending on how strong demand is there and therefore if it's worth for whales to try running the stops bellow 230.

The 800-900 target is derived from meassuring the distance at the widest place within the triangle, and projecting that same distance (150%) from the (expected) breakout point upwards.

Kommentar

This forecast is rendered invalid if the red trend line is broken prematurely (e.g. the next couple months) So don't hold to your shorts after (both) red trend lines break.
Kommentare
UnknownUnicorn167943
This recent pump was too early to be due to next year's halving, according to this you see halving only pushing price down?
IvoZ
that 240-260 area seems so far away now. Many people saying we won't be seeing those levels again anytime soon.
Esper
Very nice! Glad you decided to publish it!
MagnusTradingGroup
It's really motivating to have subscribers like you, Esper :]
Ingemkts
You know I like so much your chart, in fact your chart matches with my OKCoin chart. ;)
MagnusTradingGroup
<3
BigWillyStatus
love this
BernhardAnalytics
perfect job
Astus34
Very impressive!
BigGreen
Very well, that only the first target in 2016
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