Just a small tweak based on the ETF-related pump over the past month overshooting the original target of 8k slightly. Other than the slight overshoot, the pattern analysis has generally held true from July 9 (6700 level - predicting the dump to 6100 and the pump to 8k+ and the collapse back below the trend line).
The plan from here is a retest of 8k as resistance (as 8k has not yet functioned as resistance - 7800 was the only meaningful resistance on the way up) followed by a long road down to the key September 1, 2017 resistance level of $5k.
The plan from here is a retest of 8k as resistance (as 8k has not yet functioned as resistance - 7800 was the only meaningful resistance on the way up) followed by a long road down to the key September 1, 2017 resistance level of $5k.
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the apparent busting through the top of the triangle is eliminated by using a log chart. This has been done in the update.
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tradingview_embed_options.chart = 'Hducie3o';
new TradingView.chart(tradingview_embed_options);
BTC out of the Bubble Part III by DavidNeiderauer on TradingView.com
var tradingview_embed_options = {};
tradingview_embed_options.width = '640';
tradingview_embed_options.height = '400';
tradingview_embed_options.chart = 'Hducie3o';
new TradingView.chart(tradingview_embed_options);
BTC out of the Bubble Part III by DavidNeiderauer on TradingView.com
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