Bitcoin - A Desperately Positive Analysis
Despite Bitcoin chart looks very bearish, I managed to find some ascending support/resistance lines that maybe could tell a different, more bullish story :-)
Let's connect the 2013 ATH with the 5K relative maximum of 2 September 2017.
We see that this ascending resistance line has acted as support for the Bitcoin crash of 6 February.
At the same time we see it is possible to draw a channel formed by connecting the Lows of the last U-curve.
3day logarithmic
In this scenario, the pattern of the smaller lower ellipse is repeated in the higher larger one.
Viewed at the hourly chart
1day logarithmic
So you see that even when a chart looks extremely bearish, there may still be some ways that you have not looked at and may surprise you with a Bull Run :-)
Who knows? ;-)
informative post... thanks dear for sharing...
thanx for upvoting!
If it ever happens to get in the bull run that will be pretty great , indeed miracles might happen at any time in this market.
Thanks for some positive news buddy.
slight happiness too hahah but its not a pump and dump game
bumpetibumpetibump :-)
I hope this one is the true one! The ups and downs of bitcoin are a true roller coaster
fingers crossed
great analysis and very informative information.Your graphical explanation is very very useful in investing.thanks for sharing
resteem....done
we can't have everything alas. When it stays above this support line from ATH 2013-5K, the time of cheap Bitcoin is over. So no cheap bitcoins anymore. For cloudmining open ended, this would be a good thing though.
Great analysis..Your graphical explanation is so logical and may be effective.. Thanks for your effective analysis @pagandance
Hey @pagandance it's always great to see your report and always have investors to take the right decision for your post you really done a great work.
In my description I have put "Alternative Luciferian", as "Lucifer" literally means "Light-bringer". Every once in a while I get a flash of insight and try to bring it to others so that they can do with it what they want :-)
Great post! Well substantiated information in btc with crypto-currency.
resteemed your post @pagandance
let's hope it plays out this way
Ya agreed with you sir
Chart showing that there is very up and down in bitcoin
like life ;-)