Bitcoin: Setting the Stage

This is all you need to know, Bitcoin is setting the stage for dramatic fireworks.  We’re sticking to our call that “parabolic moves are resolved through dramatic declines. We believe that the conservative downside target of $1,911.83 will be achieved.”  This outrageous claim is not based in hope or fear, it derived for the previous accurate tracking of price declines well in advance of the fall. However, based on the new high at $4,950.72, below we have included updated Speed Resistance Lines for those that are following along with us.

  • $2,86.97 (conservative)
  • $1,868.61 (mid-range)
  • $1,650.24 (extreme)

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