After the recent boost which i believe was another dead cat bounce , boosted by Greece risks. Greece finance minister once said that if to exit the euro adopting bitcoin as a medium of exchange is possible.However, Yanis Varoufakis is no longer the finance minister for Greece, and Greece will eventually get back to track with the euro-group. We have seen the Greek parliament accept the latest terms of the euro bailout proposal.
Good Luck Technician
Комментарии
SteveMLC
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You might have to redefine "Normal", Normal for bitcoin is years and years of growth, despite the extended pullbacks following peaks. If you're calling for normal, you must expect continued growth!
Technician
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True, i should have defined what is normal.
As i have been saying for more than a year and a half, the normal for bitcoin is a downtrend that goes to below 100 and around 50.
Just my view, i might be totally wrong. So ignore it if you don't like it . Thanks.
SteveMLC
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I support all analysis, even if I disagree it's good to see the other side of the debate. Just pointing out that any long term chart (from the beginning) supports normal growth, not decline.
Thanks for your work on this either way.
vortexspaces
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If we go above 310 this scenario will be invalidated
Technician
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Yep in my view a daily closing above 310.00
YuzukiChan
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Agreed.
Corben
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Greek parliament accepting bailout proposals does not change the fundamental situation. People have been hit by the banking system reality. Secondly the up dip was more probably more a result of Chinese banking crisis and following capital inflow. Even that may have a short solution. But what the market learns is that Bitcoin profits from market crashs and volatility.
CRYP7OR48817
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Not anywhere near over yet with Greece and EU. Greece will take the money and now have a cushion to Grexit and convert back to Drachma within the next year. If they convert to BTC, great but doesn't matter really either way, BTC is a world hedge against an over leveraged global banking and market system. Greece awoke the sleeping dragon again.
Technician
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Good point. Yet i see that the most extreme scenario, i mean the tail-risk.
nimbus
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Hi,technician:
glad to view your page and to this chart i have something different to say.
in the pattern's side, it is mostly like a adam and eve bottom, and the chart's drawing an cup with handle now. so, i think it's going to 295-(295-220)*30%~=273, and goes north. 295 is about the cup edge, and 220 is about the cup bottom.