BTC may continue to rise - indicators appear to point upward 🚀

in #bitcoin • 8 years ago (edited)

  • I've marked oversold cycles using the blue rectangles.
  • We've bounced off of the 50% Fibonacci Retracement line
  • RSI appears to be on the lower end of the cycle.
  • Moving averages have converged and have just recently crossed

Zooming in a bit you can see a symmetrical triangle forming:

It looks like we've got some solid signals to continue this increase as long as we can fight off the FUD of August 1st. Perhaps one step closer to John McAfee's prediction today.

What do you all think?

#cryptocurrency #investing #trading #money
8 years ago in #bitcoin by
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     8 years ago  

    Great analysis thanks

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     8 years ago  

    The steady green candle sticks may indicate a recovery I agree at least in the short term. ETH is especially being pushed upwards right now via the Korean market.

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       8 years ago  

      officialmcafee John McAfee tweeted @ 17 Jul 2017 - 20:01 UTC

      I have a doctorate in point-set-topology. It predicts BC at $2,431,013 in 3 years. other math systems - between $1,900,000 and $2,600,00.

      Disclaimer: I am just a bot trying to be helpful.
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