Bitcoin (BTC) is still bullish!

in #btc • 7 years ago

We had a nice run in 2017, and so a correction was due at some point. Corrections are healthy! A harsh correction has preceded every bitcoin rally in the past.

Screen Shot 2018-01-16 at 3.36.49 PM.png

Screen Shot 2018-01-16 at 3.36.16 PM.png

Screen Shot 2018-01-16 at 3.43.03 PM.png

Finally, lets look at BTC/USD without using the log scale to normalize the data. Notice how the more severe the correction is, the more explosive the rally that follows it. Imagine the kind of bull run that might follow this correction!!

Screen Shot 2018-01-16 at 3.44.10 PM.png

#crypto #ta #trading
7 years ago in #btc by
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