UncannyDeduction

Bitcoin - strong magnetism puling toward $1200

Short
UncannyDeduction Updated   
BITSTAMP:BTCUSD   Bitcoin
Strong magnetism is pulling bitcoin down.
Forces are multiplying when converging trend lines converge in multiple places.
The fat black trend lines have long term converging trend lines.
Look at the purple boxes to see how they converge beautifully....

Comment:
Trying to visualize the magnetism downwards...

Comment:
Bitocin magnetism zoomed in. It's getting obvious what is to happen.

Comment:
Moving at top of trend channel... Should still go down in my opinion.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.