Thanks to MoonTrader I implied a descending wedge into the bitcoin bubble retracement analysis.
Here you have two different possibilities on how bitcoin can behave in future.
I am bullish and I guess I am not the only one. Have a look at the picture:
oi60.tinypic.com/3161349.jpg
The chart shows the sudden increase of the price followed by sudden return to the same lavel. For me - the only reason for that is someone buying a huge amount of bitcoins by one transaction. And what do you think about it, guys?
Here you have two different possibilities on how bitcoin can behave in future.
I am bullish and I guess I am not the only one. Have a look at the picture:
oi60.tinypic.com/3161349.jpg
The chart shows the sudden increase of the price followed by sudden return to the same lavel. For me - the only reason for that is someone buying a huge amount of bitcoins by one transaction. And what do you think about it, guys?
