seanalannixon

Bitcoin To $16,500

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BITSTAMP:BTCUSD   比特幣
This is a simple idea that from the bottom of each rally is doubled every pump. The first pump was 34% second pump was 62% and looking at the RSI bitcoin is getting ready to pump again. If this is correct and the pump doubles again this would be apprx 120% or 16,500 or the .786 retracement from 20K to 3,100. While I do think this is simplified to the animal bitcoin is.... the leg up is between 13,000-16,500. But, I also do not see much resistance above 11,800 and ATH. Either way the RSI continues to climb and as of now the charts look like it is a ticking time bomb for another leg up within the next week.
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