As seen on the chart I have presented two potential targets for price if it were to move up or down. The consolidation I'm seeing is telling me that there should be a major move in price within the next two - three weeks.
The following is a strategy I whipped together for anyone looking to capitalize off of this crypto coin. Buy signal: price touching the green line Sell Signal: price moving below the green line Take profit levels for short term gains: white line
COINBASE:BTCUSD
After tapping an upward trendline several times between 1995 and 2003, the value of the U.S. Dollar Index decreased significantly after the fourth touch. If the U.S. Dollar Index is repeating the 95'-03' pattern then we should see its value decrease imminently.
Volatility pop incoming.
BINANCE:ZECUSD
The 40 and the 200 MA look like they are about to cross. This type of MA cross is known as a death cross. Hold on to your hats folks this should be a wild ride down!
BITSTAMP:BTCUSD
TVC:DJI
Unemployment Forecast: 9.5% -> 12 %
Over the last three years Bitcoin has only broken this hidden support level twice. If I was a betting man I would not put money on that happening again for quite some time.