I think something is going to happen. Might be something good in the crypto market that makes people want to use it, maybe a development that makes it easy to use resulting in on boarding? Or, something very very horrible that makes people rush to crypto because theres fire everywhere, the world markets are crashing, paper money is in hyper inflation and people are in a panic to preserve whatever "money" they have left (and we all know we cant travel on short notice with hoards of precious metals if something happens and people need to move their a$$). Whatever it is (and my gut thinks its the latter rather than the former), my fundamental and technical analysis came up with this possible long chart for BTC going into 2019.
The grey zone is where we could hit before it picks up, around 3900 or so. But than, before 2019 something possibly happens to make people buy BTC. What that is? Who the hell knows... But the way the world is headed I don't think it will be good.
PS - My fundamental analysis considers things outside the scope of crypto itself.
PS - This same U pattern I have been noticing in my charts for a while, they keep coming up. The last ones panned out and than after the path completed the patterns I charted, the market dipped.
Maybe I'm just crazy and just seeing things. Maybe I'm not...
Please comment with your thoughts.
The grey zone is where we could hit before it picks up, around 3900 or so. But than, before 2019 something possibly happens to make people buy BTC. What that is? Who the hell knows... But the way the world is headed I don't think it will be good.
PS - My fundamental analysis considers things outside the scope of crypto itself.
PS - This same U pattern I have been noticing in my charts for a while, they keep coming up. The last ones panned out and than after the path completed the patterns I charted, the market dipped.
Maybe I'm just crazy and just seeing things. Maybe I'm not...
Please comment with your thoughts.