ronvandercline

12.380 will be the bottom on October 20th! Fibs & Macro channel

Short
BITSTAMP:BTCUSD   Bitcoin
There is one thing people don't see; from the end of 2017 until now Bitcoin is ranging in an upsloping channel.

Up till now every top to bottom has an exact angle of around 37 degrees. Match that up with the upsloping channel, place a trendline at our current/last top and see where the bottom lies at the bottom line of that particular channel.

Combine this knowledge with some fib channels, rings and retracements and you've got yourself a roadmap to the bottom! Just an opinion, of course I could be wrong!

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