My crazy bitcoin analysis/comparison BTC=$3,500?!?
I made a quick a comparison with the 2014 bitcoin with the present one...I searched for patterns and similar market movements and I came out with this image below...
As you can see I marked with the same colors the sections that I find similar in market behavior and so going forth I found myself in a breaking point where bitcoin corrected to R2 or resistance 2
We are now at R1 or resistance 1 and it looks like we might see a break to the 3,500 per bitcoin but who knows...
I give it by mid October and if doesn't happen then we ought to see an upward movement...
but if we remain bearish even after then the possibility for a R2 will always be there...
Seem legit. I've been reading about a last drop before the next rally.
it could ...