Amazing how these predictions made on Nov 23 still hold.
I highlight two take aways...
Take a look at the last paragraph and do some analysis on your own. Think of any great catalysts (Russia recession, Europe stagnation, all the QE's happening around the world, Gold, etc.) These may be the great push for another rally.
You think
BTC has never experiences drops, and near death experiences? it has always had them. Think about
BTC at $0.05 USD prices... they too believed a jump to $1 was incredible. You think
BTC can't jump 20X again? Think again.
As always, and always, be careful, mindful and respectful of
BTC.
5. Tracing both patterns we can generate a couple coin prices to keep an eye on the next couple weeks. We want to see a bounce of $305 if there is such drop, and if it doesnt hold, we want to see bounce from $252. Hopefully it doesnt have to dive that low but it would be a great opportunity to buy coins.
And to leave with a sense of historical comparison, in 2013 the coin also created a falling wedge with a bounce around the fib line 0.764 ($69) before rallying to $1100s. Why is this important? At today's price and on the last 6 weeks, the coin has bounced and played around $340. Which for this last rally, it is the Fib Line 0.764. The same level before the huge huge rally last year.