My 2 Satoshi's
Morning everyone.
My apologies for not having posted anything since my first leap of faith some weeks back. Let's just say I've a new found appreciation for just how much work this is toward all of you bloggers out there. I am in the midst of putting a few pieces together and will do my best to get them posted soon.
In the mean while, I wanted to share a thought I had, which got some validation by the man himself - Clif High from https://www.halfpasthuman.com - and I wanted to make it known to yourselves as well. My thoughts are below:
(Apologies but the full image doesn't seem to be pulling through on Steemit properly. Perhaps this is device specific so I've added a link in the reply section below to the original tweet with the full image)
Capturing the High
A small side note. At the bottom of the note, I've jotted what the calculation comes up with for the next bottom in BitCoin 'IF' the high were in. ($2,276, As of the time of writing (June 7th 2017) the current high is $2,938.55 as measured by Coin Base's exchange) I don't personally think it is quite yet. The above figure will need to be recalculated should we break upwards to make new highs.
Validity
It must be noted that Clif's prediction is time sensitive and is only speculative for this current trading period and should not be used to speculate future trading periods.
Final thought
As I'll cover in future writings, with Bitcoin having multiple exchanges - each with their own trading ranges, technicals and so on - we need to be wary that the 'High' may not come from the exchange we're watching. In my case, as I buy through Coin Base (sadly) I track their exchange for technical entries.
I hope you all are having a wonderful week.
Until next time, keep walking that line!
Best
iTo