I know there are a lot of lines in this story. It is an unique perspective, and only intended to show something different than what most will draw. Bear with me if you care to. Vdub_FX_Sniper is triggered to sell if you want simplicity. This could well be worthless and BTC stays flat the rest of the year, or crashes to 1k if regulators unite against it.
Blue rectangles are downchannel breakouts (1 failed, 2 successful, 1 projected)
Downchannels: 1/3 - White; 2/3 - Orange; 3/3 - Red
Upchannels: 1/3 - Green; 2/3 - Blue; 3/3 - Purple
Yellow horizontal lines: We have a situation
Red Horizontal Lines: We have a PROBLEM
Bottom 2: 7k-7550 (divergence of red and orange downchannels)
Target: Over 8.5k by 3-25
Liftoff: Mid-April
This chart is essentially unchanged for the last 3 weeks, and the theory behind it is now past 3 months old.
What this method has not accounted for successfully is the excessive and compounding negative attention on top of downward market momentum, but I do still like how well it called the first bottom, and problem zones following downchannel breakouts.
In this iteration, there are 4 changes.
1) I have adjusted the projected breakout box for the white 1/3 downchannel to coincide with the shallower green upchannel 1/3, and this would ignite around 3/26.
2) I've re-drawn the first and sharpest upchannel from the 6k bottom in purple, to show better how I'm drawing the projected breakout.
3) The red dashed line traces back to when BTC held around 5.5k (drag over and look)
4) I've replaced the RSI hand-drawn figures with simpler Gann fans, hinged respectively on the most extreme RSI values and the subsequent lesser RSI values.
Continued downward movement is facilitated by the explosive growth of alts last year, and as those that are unproductive become quiescent or go under, this deflation should turn around.
This is a time for fanaticism if you like crypto better than fiat. Taxes are around the corner, and negative news streams over the airwaves while industry titans make moves to maximize their positions in a burgeoning and growing new economy. Every country that undergoes major economic failure (Zimbabwe, Venezuela, maybe S.A.?) will coincide with inflation of BTC as it represents a standard, worldwide, constantly accessible reserve for people to transfer into while their printed dollars turn to simple paper.
* NOT A PRO * DYOR * TAKE YOUR OWN ADVICE *
Work the muck, and I'll see y'all come harvest time.
Blue rectangles are downchannel breakouts (1 failed, 2 successful, 1 projected)
Downchannels: 1/3 - White; 2/3 - Orange; 3/3 - Red
Upchannels: 1/3 - Green; 2/3 - Blue; 3/3 - Purple
Yellow horizontal lines: We have a situation
Red Horizontal Lines: We have a PROBLEM
Bottom 2: 7k-7550 (divergence of red and orange downchannels)
Target: Over 8.5k by 3-25
Liftoff: Mid-April
This chart is essentially unchanged for the last 3 weeks, and the theory behind it is now past 3 months old.
What this method has not accounted for successfully is the excessive and compounding negative attention on top of downward market momentum, but I do still like how well it called the first bottom, and problem zones following downchannel breakouts.
In this iteration, there are 4 changes.
1) I have adjusted the projected breakout box for the white 1/3 downchannel to coincide with the shallower green upchannel 1/3, and this would ignite around 3/26.
2) I've re-drawn the first and sharpest upchannel from the 6k bottom in purple, to show better how I'm drawing the projected breakout.
3) The red dashed line traces back to when BTC held around 5.5k (drag over and look)
4) I've replaced the RSI hand-drawn figures with simpler Gann fans, hinged respectively on the most extreme RSI values and the subsequent lesser RSI values.
Continued downward movement is facilitated by the explosive growth of alts last year, and as those that are unproductive become quiescent or go under, this deflation should turn around.
This is a time for fanaticism if you like crypto better than fiat. Taxes are around the corner, and negative news streams over the airwaves while industry titans make moves to maximize their positions in a burgeoning and growing new economy. Every country that undergoes major economic failure (Zimbabwe, Venezuela, maybe S.A.?) will coincide with inflation of BTC as it represents a standard, worldwide, constantly accessible reserve for people to transfer into while their printed dollars turn to simple paper.
* NOT A PRO * DYOR * TAKE YOUR OWN ADVICE *
Work the muck, and I'll see y'all come harvest time.
