I know right ?
I mean, not that I don't want the coin to succeed, but let's not be complete fools shall we ?
Talks about $1000 or even $10000 per btc near the end of 2014 seems so crazy to me.
I clarified my 4-month speculation :
http://s27.postimg.org/aafxdbdn7/scr2.png
P.S I just noticed that this is in the wrong forum ! It should be in the speculation subforum.
Mods pleases move it !
Topic: [CHART] BTC Price bearish - page 2. (Read 2258 times)
Good job recognizing this. I posted a chart a couple weeks ago showing almost the same thing. Push the play button on the chart linked below.
https://www.tradingview.com/v/cCHTz7oh/
https://www.tradingview.com/v/cCHTz7oh/
Hi fellas !
I'm new to cryptocurrency and economics in general, but since I started researching chart technical analysis it seems clear to me that the coin is currently in decline.
http://s28.postimg.org/zbba4zbvh/scr.png
I tried to pinpoint the support lines before and after the widespread adoption of BTC, being $100 and $500 respectively, but with the current trend the median price will break the support and go bearish ( red line ).
After the $1000 break point it took the coin 4 months to halve in value to $500, and I believe that it could fall further down the road, maybe returning to the pre-craze $100 prices, within a similar period. Perhaps many investors/btc millionaires are selling out ?
Just my 2 cents. What do you think ?
*noobspeculation*
I'm new to cryptocurrency and economics in general, but since I started researching chart technical analysis it seems clear to me that the coin is currently in decline.
http://s28.postimg.org/zbba4zbvh/scr.png
I tried to pinpoint the support lines before and after the widespread adoption of BTC, being $100 and $500 respectively, but with the current trend the median price will break the support and go bearish ( red line ).
After the $1000 break point it took the coin 4 months to halve in value to $500, and I believe that it could fall further down the road, maybe returning to the pre-craze $100 prices, within a similar period. Perhaps many investors/btc millionaires are selling out ?
Just my 2 cents. What do you think ?
*noobspeculation*
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