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RE: Bitcoin Technical Analysis: Could be about to break up, or break down soon?

in #bitcoin8 years ago

A good analysis...based on my cryptocurrency index analysis, a high probability it will break downward and form another triangle up 1st of August,,,where we expect the hard fork to spring the major move either up or down...

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Thanks for your comment. Also I'm curious to know what type of analysis you do, and I would be interested to hear any more details about your general approach? :)

My guess also is that it may break downwards, and perhaps even quite a lot - because we've still not seen a 50% retrace from $3000. If we were to see a major downturn I'd be setting buy orders around $1500 - but would be hoping for a large/quick bounce back from that point.