Hi Guys sorry i haven't written in long time. I've been helping other new people learn about steemit and start producing their content. A big shout out to @cookntell for her amazing food photography and videography! If you haven't already done so please check out her channel, you'll fall in love with her food videos :)
Back to Bitcoin.
I am more Bear Biased now although I truly want Bitcoin to be Bullish. I believe since we had a Parabolic 2 year move from $200 to $20,000 we need a healthy pull back.
Guys we went up way too fast although after this final pull back (if we get a pull back) then I think it will set us up for an amazing next wave to see All Time Highs!
So here is where i believe we stand:
(For this analysis I will be using the Weekly Logarithmic Chart for Bitfinex
1. We are BEARISH on the weekly chart...good luck fighting against the weekly momentum
2. We have not even hit the .786 on the weekly
3. On Parabolic moves we may go lower than the .786 possibly to the .88
4. RSI is healthier if it resets to 30 on weekly were i believe we may be at the .88 Fib
Also if you would like a review of many analysts bitcoin price predictions all on one page visit @coinsider
If you found this post valuable please upvote, resteem and comment! :)
I am not a financial advisor. Please do your own due diligence when investing.
