Felix000
Education

Bitcoin GPS where are we ?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Here's a thought. I had drawn some yellow trend lines using my Bollinger's one From December to February and one for now and their angles seemed much the same. So I then took the low of February and drew a yellow line to the point where the upper Bollinger touched the yellow trend line and did same for now. The next bit to imagine needs quite a bit of imagining, and that's why I put this in the education section. The MACD is a bit off based on my previous study of the patterns, but then I'm thinking G20 messed it up. Then again if the pattern is repeating like the double Top and as I've illustrated in my chart then Bitcoin             may not make it past $9,900.
Comment: Correction: trend line from Dec to Feb above should have read end of Jan to Feb.
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