Menu Close

BTC Consolidates on the Way to 5000 Below Zero

Originally posted at Capitalstool.

In other meanwhiles, BTC continues to consolidate around 20k, on its way to its long term measured move target of 5000 below zero. Here’s an arithmetic scale chart.


On the daily chart, it’s not so bad. The one year cycle projection is now 13k. It’s trying to mount another rally. It needs to clear 21k. If it does, it should run to 23k. If it doesn’t, breakdown dead ahead.


Join the conversation and have a little fun at If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow by Email