RE: Congratulations to those who were positive !! It seems we did reach an important bottom when we posted this a week ago !!
i love the thought of the triple bottom being the turnaround point, and for all we know it could well be. if not, i have one analysis that i haven't seen anyone else cover which i believe could be the absolute bottom if the triple bottom doesn't hold.
there is a long term trendline dating back to the beginning of 2015 (seen as the yellow line in the pic). this trendline proved to act as resistance about 9 times before breaking through finally and on July 15, 2017 the trend line acted as support for the first and only time yet.
we could possibly be going down to test that trendline as support once again before the next bull market begins. this would put us at around 4300-4500 btc in august or september depending on how good this July bull rally lasts.
please let me know what you think of this guys. do you think this scenario is possible? if you think my analysis is interesting, please follow me and subscribe to me on YouTube and Twitter too. You can find me as Crypto Galaxy X. thanks and may the bitcoin be with you!
Thanks for sharing, nice analysis, I think this is definitely a possibility, one which would make me back up the truck so to speak. Having said that I still have the feeling that we reached the bottom for the year, although that might be wishful thinking :-)
Following you, also on Twitter !
https://twitter.com/CryptoGalaxyX
i'm holding my current positions even if July proves to be a big bull run. if we do find our way back to that trendline, you better believe, what fiat i have is going on a buying spree! alts will be incredibly cheap at the 4500 level, so cheap in fact that $500 in the right crypto would yield 100k easy when btc finally runs to even 15k. either way, i don't mind.