cryptotrappie

The big picture of Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Let's look at the bitcoin chart from the bigger picture. E.g. on the weekly chart. As you can see we are in the phase above the middle band and if we continue to rise like this without getting a correction of 20 or 30% then the bull market is going to be over sooner than many think. Personally I would like to see a big correction for Bitcoin .

Comments

There is likely to be a correction. However at what price do you think this will happen?
+2 Reply
@dmas1000 Don’t know man. Don’t think we are topt out already.
Reply
Love this chart bro!
+1 Reply
Looking good
Reply
Would you say the crash down to 47.5k was that correction you are looking for or do you expect more of a dip?
Reply
how did you draw this? I would like to learn...
Reply
Agree with your analysis. We do need a correction in order for the bull run to run longer. As long as we stay above 50k$ i think this would be very good !
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out