Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
toknormal
on 11/01/2017, 22:02:13 UTC

So basically you are calling bottom. Correct?

Well according to this analysis the bottom is around 5200, with a sharp retrace back up to the propellor "nose" which would be around 6700 CNY (~$900-$950 dollars), followed by a slow retrace back down to half the lower propellor blade (5900 CNY = $750) and then starting the next bubble from there which may go to $2000 by July.

Of course, that's just according to this analysis. You need to look at several different perspectives to get a fuller picture of the possibilities because there's no telling if this pattern will be broken or not.

It's one theory = we can follow it and see.