iguana10

Bitcoin's bottom and bounce

Long
BITFINEX:BTCUSD   Bitcoin
Beginner here and first chart/post. I don't have much knowledge or experience to back up this idea, but I do believe in Bitcoin and I think that its price is in a long term uptrend. Maybe the price will come down to this pink line, having reached the end of the short term downward trend and the 50dMA will cross over to be above the 100, before continuing up? I picked the 26 May prediction just for fun, to see what happens and test the history repeats itself theory, based on nothing else than transferring the same rise and duration from the bottom up trend line to the ATH to the the point I reckon the price is going to bounce from on 7 March. Guess I will put my money where my mouth is then and see. Any comments, rebuttles will be greatly appreciated . Thanks.
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