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Cursed chart (BTCUSD)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I don't think it makes sense to use normal TA on Bitcoin because it cannot be compared to any asset... except itself, so I've overlayed the early 2013 bubble (daily candles) on the current run (weekly). We'll peak on CME futures and then an exchange CEO will get kidnapped or something. I don't know. Nobody does. Good luck.

Still long as of my last linked trade:
Comment: I think there is potential for a reversal with the developing inverse head and shoulders formation. I would buy a retest of 3900 on Bitfinex, with a target of 5.8k. A daily close below 3700 would invalidate this and point to a test of 2500, which I would expect to be the bottom. A sustained price lower than that would likely put the majority of miners out of business, even those that benefit from large economies of scale such as Bitmain, who blew their rainy day fund on Bcash. This would set the ecosystem back several years.

Comments

are you from ather planet ?
+13 Reply
Could you chart the next 20-30 years of my life?
+13 Reply
@gdda, HHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
+2 Reply
well just saw this chart and read all the shit you are straight on right how is that even possible? a russian ceo got kidnapped exactly the same way you said huh! did you do it?
+12 Reply
Well that would suck if we go to 2k. I’ll lose my ass. Notice how I didn’t spell lose as loose. Take note plebs.
+10 Reply
@kenj1, it reached short target of 4k what is next
Reply
what kind of sorcery is this
+8 Reply
blankz13 Noob182
@Noob182, i got goosebumps reading through his analysis this is evil sorcery!
+3 Reply
Do you mean we are going to get an opportunity to buy so cheap again ? hahaha much love :)
+8 Reply
HHH its hapning
+7 Reply
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