While past performance is not an good indicator of future, BTC is plotting similar behaviour from 2017. In addition to going short or long within the accumulation channel, it might be also profitable to buy ALTS at the top of the channel and sell at the bottom.
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Meant to say 2014
Comment:
I should also note that this chart have strong resemblance of J-curve and the Wyckoff method(hence the uses of terms like distribution & accumulation).
And let's not forget that this is a revolutionary financial technology that remove the needs of human trust. It should also follow the technological adoption S-curve.
While predicting a single BTC going up half a million dollar is absurb and laughable, i think it is more likely to happen than going 3 digits like some tradingview celebrities claims. I believe they are simply crafted to create FUD.
Short term wise, BTC has a high probability of going sideway. These up and down swing are simply noise and not an indicator of bull/bear.
And let's not forget that this is a revolutionary financial technology that remove the needs of human trust. It should also follow the technological adoption S-curve.
While predicting a single BTC going up half a million dollar is absurb and laughable, i think it is more likely to happen than going 3 digits like some tradingview celebrities claims. I believe they are simply crafted to create FUD.
Short term wise, BTC has a high probability of going sideway. These up and down swing are simply noise and not an indicator of bull/bear.