#bitcoin playing "bad ass"
Bitcoin is playing “bad ass”. With a good repeating pattern breakout or gives a clear signal. Could have done with a lower low – didn’t get it. Could have broken upwards on break of downward diagonal – didn’t get it. Currently Bitcoin looks like just waiting to break higher. I’ve added a study of the first day of the month extended 11 days for every month since January as I did on my other day chart posted earlier.
John McAfee bitcoin prediction $15,000 for June isn’t crazy but clever. Here is my take on it – NO SIGN YET THAT IT’S GOING TO PLAN!!!
Using H & L Week 25th Dec 2017 and H & L Week 1st Jan plus Low 6th Feb 2018: 17,252-11,651=5601; 5601/17252=32.46%; 17,252-6000=11,252; 11,252/32.46%=346.64;
Using H & L Week 7th May 2018 and H & L 14th May 2017 plus Low 29th May 2018: 9,677.9-7,925=1,752; 1,752/9,677.9=18.11%; 18.11*346.64=6,278.41
If he gave me a free bet and I had a choice of either 9,677.9+6,278.41=15,956.31 or 7,925+6,278.41=14,203.41 or 7,040+6,278.41=13,318 by 24th June I’d place it on the 13,318. Like with many predictions market could also go the same amount the other way if things went bad so max would be 9,677.9-6,278.41=3,399.49.
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