HerreK

HerreK

By using the pitchfork on the log scale it can be clearly seen how snuggly the price movement of NEO fits within its forks. I see the following on the weekly chart: 1. bottoms at the end and start of the year 2. tops during summertime in july. 3. clear resistance and support at the center line assuming that the fundamentals of NEO and BTC don't change the coming...

HerreK

It's clear BTC is in a bear market right now. As long as BTC stays under the upper decending trendline, the outlook is bearish (notice chart on log scale). The big question is, where will be the bottom? 2 obvious strong supports below the previous dip to $6000-ish would be the $5000 level, and if it breaks then down to the $3000 level. I believe that if the $6000...

HerreK

Based on current Fib levels with the high at $20.000 and lows at $330, obvious confluence is at $7800 (38% retracement level). Typically the 38% level is level where huge buyers will buy the 61% discount, buying up the bitcoins from panic sellers. Because big players will be involved at these levels, price will bounce very hard and fast. It will allow bitcoin to...