David_Warren_Ellison

BTC out of the Bubble Part III

Long
BITFINEX:BTCUSD   Bitcoin
An update to the attached idea from early July after the descending wedge busted. A new descending triangle now must be drawn on a larger time frame.

Interestingly, this timeframe roughly corresponds to the time frame in 2015 with a major breakout to $500 in the early Fall.

Basically, $3000 appears to be the new $200.
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