Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Goodcat49 on January 21, 2019, 10:20:49 PM
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In the latest Bitcoin (BTC) versus Silver (SLV) analogue piece, remarkable similarities can be seen in the charts. Trying to puzzle out the time frame of the consolidation point is very crucial. In Silver, the consolidation period timing was more than 90 days, nevertheless, the 500% rally also took around 30 months. In Bitcoin, the 500% rally took around 9 months.
Therefore, the consolidation time in BTC is around 30 days rather than 90. Any hint as to when the next action happens is decisive as far as trading Bitcoin Derivatives is concerned since timing is everything!
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-price-likely-to-drop-to-2400-lure-wall-st/
(https://coinidol.com/upload/resize_cache/iblock/73a/900_900_1/73a397656824204fcf2e88db0165405b.png)