Well.... I don't make long term predictions. I do my own research. I don't yell "TO THE MOON" with the rest of the crowd. I look at the the charts, and I take other's charting analyses with a grain of salt. I look to see if they might be seeing something that I am not and factor that into my analysis... but I stand by my final predictions and stick too them, REGARDLESS of what everyone is saying.
I called a , and I called a before the right shoulder even formed. They have now been confirmed and then some. Not only was there a close beneath my proposed neckline and line, price has now returned to test the bottom of those lines to test them as resistance.... and they have resisted... WOW!
The price of BTC is a little attractive to a lot of buyers out there right now so we could see some range bound trading around here. I just see SO MUCH overhead resistance that we would need to see some very decisive buying to get any decent increase in price.
Over head, we have to necklines, we have fib lines, and we also have the line.... we're not even factoring the EMA's but they're are a lot of points of possible resistance within a very narrow price zone, that I don't really see a move up in the near future. I've been Nostradamus for the past couple of chart analysis' but that doesn't mean i will be Nostradamus on ALL of them.
I'm short on Bitcoin at the moment but I don't recommend it to anyone because I've been making some high risk trades lately. Let me know what you guys think!