Blue overlay is my top pick. There are other scenarios as well. Some involve a middle period of going sideways. That said, geometric fractals exist within an equilateral triangle. An equilateral triangle is half of a square. The top of the triangle/middle of that square has been our major source of resistance (if one were to assume as I do that we've just completed a fractal cycle). I'd go on but my reasoning becomes increasingly sci-fi and unhinged. But here's a normalized set of reasons for you, one should always remember why TA works. History repeats! To think that BTC would 10x during each previous bull run and not do the same now, would be like saying I am a unique special snowflake and the rules don't apply to me. I hate to burst your bubble (haha), but I assure you that you're not.
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Well, the only thing that I am, and have been confident about, is we go on to make a new ATH. The below btw is what would happen were my theory as stated in the comments section so the "GO BUY SOME BITCOIN" chart to pan out. I'll repost the theory shortly.
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After this run, I think we should expect a very long period of relative stability for the price of Bitcoin, allowing it to serve its function as a non-depreciating store of value. It's probably during this period that the alts will fight it out to see which deserve their valuation and which are EOS :P.
If what I think I've discovered holds true, I think this is the only possible option for the price of Bitcoin. If we see a dramatic drop in the price of Bitcoin after this jump, then the only way for the fractal to complete another cycle would be another equally dramatic increase. If for the sake of argument, the price of BTC drops back down to our current level, that would put the next bull run at somewhere near 2.5million dollars, and that just does not make any sense to me. After this crazy run (if it happens) there will be a long period of steadily declining prices followed by an even longer period of steadily increasing prices, leading up a dramatic increase, a dramatic fall, and of course, the grand finally (which, hopefully, we're about to go through, for the second time in Bitcoin's history www.buybitcoinworldwide.com/price/.
This is the only way I could reconcile all of the disparate charts for the crypto market. The alts, at their various stages of breaking out, most of them will go back to dormancy while money moves back into BTC. In the face of declining BTC prices (perhaps years), after the new ATH, and with most of the altiest alts having only BTC pairings, those without actual value will die. The market will determine which coin, token, ICO can hold their value in the face of BTC's decline and the market itself will stabilize. Well managed, well developed, and well-funded initiatives will go on to realize all the unrealized potential that exists in this technology. It's the only way it all makes sense. I'm sure Satoshi, whoever and wherever he may be, would be proud ¯\_(:/)_/¯
If what I think I've discovered holds true, I think this is the only possible option for the price of Bitcoin. If we see a dramatic drop in the price of Bitcoin after this jump, then the only way for the fractal to complete another cycle would be another equally dramatic increase. If for the sake of argument, the price of BTC drops back down to our current level, that would put the next bull run at somewhere near 2.5million dollars, and that just does not make any sense to me. After this crazy run (if it happens) there will be a long period of steadily declining prices followed by an even longer period of steadily increasing prices, leading up a dramatic increase, a dramatic fall, and of course, the grand finally (which, hopefully, we're about to go through, for the second time in Bitcoin's history www.buybitcoinworldwide.com/price/.
This is the only way I could reconcile all of the disparate charts for the crypto market. The alts, at their various stages of breaking out, most of them will go back to dormancy while money moves back into BTC. In the face of declining BTC prices (perhaps years), after the new ATH, and with most of the altiest alts having only BTC pairings, those without actual value will die. The market will determine which coin, token, ICO can hold their value in the face of BTC's decline and the market itself will stabilize. Well managed, well developed, and well-funded initiatives will go on to realize all the unrealized potential that exists in this technology. It's the only way it all makes sense. I'm sure Satoshi, whoever and wherever he may be, would be proud ¯\_(:/)_/¯
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Sideways for about 25 more mins then a giant jump up
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9400 is our target in the next 2-4 hours
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Please follow the When Moon? Chart until we safely cross the 11.5k mark.
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One of the top guys stole my idea! hahaha
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Here's the new update. It incorporates several new ideas to come up with a tradeable path for Bitcoin
