Taking two major fib retracements:
1) from the top of the bubble, to the beginning of the 2017 bull run
2) from the current chop (11.7k-5.8k)
- trending in a descending wedge
-RSI has room to come down to test bottom support levels
Calling a genie ball bottom at 5100-5700 in the next couple of days. Just in time for tax season.
check the track record and dont knock the lil guy
Fundamental Analysis: OTC markets blowing up, SEC headlining bearish but behind the scenes bullish. setting up for a regulatory hammer down however most has already taken place. Check out things like Circle acquiring Poloniex and much more recently, Monex acquiring Coincheck. Those events must have occurred with a regulatory stamp of approval which leads me to believe that not only is there price suppression, but there is anticipation for a further run up.
GL
1) from the top of the bubble, to the beginning of the 2017 bull run
2) from the current chop (11.7k-5.8k)
- trending in a descending wedge
-RSI has room to come down to test bottom support levels
Calling a genie ball bottom at 5100-5700 in the next couple of days. Just in time for tax season.
check the track record and dont knock the lil guy
Fundamental Analysis: OTC markets blowing up, SEC headlining bearish but behind the scenes bullish. setting up for a regulatory hammer down however most has already taken place. Check out things like Circle acquiring Poloniex and much more recently, Monex acquiring Coincheck. Those events must have occurred with a regulatory stamp of approval which leads me to believe that not only is there price suppression, but there is anticipation for a further run up.
GL