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RE: Bitcoin Technical Analysis follow up - More charts & two possible predictions (Flash crash in August?)

in #bitcoin7 years ago

Good TA!
Yes, bitcoin chart was parabolic. Usually after such a move, you get an exhaustion, correction and consolidation. How long (or deep) consolidation will be is a guess of course. And it is a subject of other news. More talks about crypto currency taxations, banning.... lower price will go. So kind of war, or Russia acceptance of it, would stop it right away. But if there are no earth shaking news, it is a good bet to expect bitcoin to consolidates for a while.

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