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RE: Bitcoin has been consolidating for some time, does that mean a big move is likely coming?

in #bitcoin7 years ago

I personally think that 5K breaks...then it's got my interest alot....time bottoms are very hard and the first bottom is not the bottom usually. So I think the best time to start averaging in is the 5K break and then hope for acrack below 4K....will be an 80% drop from all time highs then which bitcoin has done 5 times in it's history.

I am betting on a sixth.

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Makes sense to me

Strongest resistance is on 3K level. That's where I gonna plant my buying points.

I see what you mean with the 3K level...the 3k-4k levels will be gifts looking back in a few years. Pinpointing the bottom to the tick will be difficult