BITCOIN.. $5432 Target Aug 31, 2017
Analysis:
Having offset the MA (New type of analysis) back, we can project the mid-point of price to be around $3632. Based on the difference of the mid-point and the lows made in July, I can project that the high will push to $5432 USD. We will revisit this article when we get there. In fairness, I will revisit this article even if we do not get there. haha.
YOU HEARD IT HERE FIRST!!!
Foot Note:
When analyzing this chart, you will notice the Slow Stochastics indicator. I find this indicator to be the complete indicator compared to the vast majority out there. Lets explore the terms I will be using. Also use the indicator based on its respective time-frame:
Time-Frame:
1 hour - Lasts 1 hour - Few days
Daily - Last Days - Week(s)
Weekly - Last Week(s) to Month(s)
Term used:
OB - OverBought (above 80)
OS - OverSold (Below 20)
Bullish - Above 50
Bearish - Below 50
Trend - Cross up in both channel line or Cross down in both channel line.
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