seanalannixon

Bitcoin to $12,000

BITFINEX:BTCUSD   比特幣
This Chart is set up with (support and resistance 8,21) and (RSI) turned on. This chart is actually zoomed into the daily chart to help show the resistance zones. Calculated the actual trading range based on the RSI on the weekly time zone. Since BTC is "Skipping over the last two major slower movements in the RSI of 2015 were we saw the RSi hit (45-pull back-60-pull back-73, 83) from Jan 2015 to Jun 2016. I calculated a move from the bottom of the market and a one full movement from 50 to 70 RSI, at $216 to $553 or a 254% gain. I transferred the 254% swing to today's market from $3500 to $12,344 range. On the weekly chart this point in time means nothing so I zoned in a published the daily chart instead.

This lines up with resistance we found at March 5th of 2018.
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