Bitcoin - Daily - LogView - SEE 2014 Post Below!!
Bitcoin continues to show similar patterns to the 2014 correction. In this chart you can see Bitcoin as of today, down below i'm posting Bitcoin in 2014 for comparison, see the two side-by-side for comparison.
Pictures are worth 1000 words.
Daily MACD is high, RSI is high, etc.
The only thing in BTC favor is a weekly chart which shows there's still potential for upside.
That being said, It can still go either way. This is just to show the similarities for 2014. It is 2018 after all and just because it happened in the past doesn't mean the same thing will happen in the future.
Best of luck to all, unless you're SHORT.
Bitcoin continues to show similar patterns to the 2014 correction. In this chart you can see Bitcoin as of today, down below i'm posting Bitcoin in 2014 for comparison, see the two side-by-side for comparison.
Pictures are worth 1000 words.
Daily MACD is high, RSI is high, etc.
The only thing in BTC favor is a weekly chart which shows there's still potential for upside.
That being said, It can still go either way. This is just to show the similarities for 2014. It is 2018 after all and just because it happened in the past doesn't mean the same thing will happen in the future.
Best of luck to all, unless you're SHORT.
