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RE: XRP Opinion + BTC Bitcoin Update - "And way down, we go..." Tentative pathway forecast.

in #bitcoin7 years ago

Good calls. Although, based on the macro-network effect model presented here https://medium.com/@alabs.ken/update-of-the-data-in-the-macro-mathematical-model-for-the-observed-value-of-digital-blockchain-bafa2a8fbe87, it's hard to see how this can go below 10K. Its been trying to test this for a week now and keeps bouncing off that. I think if this touches 8k it should be very transient with a really rapid rejection of that level. Again, everyone has to do their own due diligence.

Sometimes its good to combine TA with other fundamental analysis of value, to see where they agree. Add for that type of analysis which are based on other values besides just the charts.

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Agreed, and that's why I'm calling $8000 the worst case scenario. It's all about encompassing as much possibilities as possible. Hence $10700 is still a major, strong support line still to be proven breakable.