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Bitcoin August/September 2014 Price Prediction Graph (BTC/USD)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Based on the last 3-4 Bitcoin price spikes, the next one is coming very soon, around August/September of 2014.

Note: For some reason the top of the purple parallel lines is way too high. It should be touching the top of each spike. I am new to tradingview graph tools and I couldn't seem to make it remember my setting for some reason. The bottom of the purple box is in the correct location.

The price also appears that it will reach above $5,000 with the next spike, possibly as high as $6,500. After that it will sharply decline in correction as historically has always happened after each spikes. But it will settle to a new high, possible around $2,000.

This was made by user "colinistheman" on bitcointalk. org forums

Comments

I am new to using the tradingview graph engine. For some reason it is putting my purple parallel lines way too high on the top end. The bottom end of the purple lines is correct.
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