RE: BITCOIN: What goes up must come down... by mynameisbrian
Viewing a response to: @mynameisbrian/bitcoin-what-goes-up-must-come-down
bitcoin·@chainsaw·
0.000 HBDWe've got almost the exact same view. I appreciated your chart, the theoretical ABC wave motion within the descending wedge. I pegged $686 as the minimum bottom, if our yearlong trendline holds: https://steemit.com/bitcoin/@chainsaw/bitcoin-technical-analysis-1-12-17-up-or-down Of course it could go either way, but I think that the 1yr+ ascending trendline of support will win out over the shorter-term, reversal-pattern descending wedge. Thanks again for the analysis - I'll be following you!
👍 chainsaw,