The Bitcoin -2.19% saw a massiv corretion with the beginning of 2018. But there is no sign, that the entire correction is over. After the crazy rallye in 2017, the target of USD 3000 is still in a phase of a big uptrend. From here, Bitcoin -2.19% can start the next exceeding ralley. So even the major target of John McAfee, that the Bitcoin -2.19% will reach USD 500k is possible.
Start cycle 17.12.2017 end cycle after 1240 days. Minimum value after 620days. Minimum value 1220
airswimmingape
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Looks good to me as a guide. Likely touching near the top (orange line) before the drop as a lovely bull trap. Difficult to know where it bounces on way down. Anyone seen good frameworks for measuring likely size of bounces based on size of drops and price action and volume on the bounce?