Okay in for a penny in for a pound.
Here we have a classic Megaphone pattern (which you can see by having a quick google on Google).
This is obviously a very bullish scenario, and would represent a renewed interest and demand for Bitcoin, one I cannot see as evident given the details surrounding the proof of work system (PoW), Bitcoin employs, and how it could affect the value of the coin, and it's limitations going forward.
The system which Ethereum is in the process of converting to is the proof of stake (PoS), and seems to be the way forward for digital currency in the future, being obviously far less energy dependant etc. I recommend you research this subject as it's far beyond the scope of this posting, but rather important regarding how the crypto landscape is evolving, and which coins are likely to be leaders and why.
So, the pattern is there, and seems quite geometrically accurate and once again, a market forecast is born!
Thanks for looking and let's hope it plays out, because we'll be ready for it now. Wont we? :)
Here we have a classic Megaphone pattern (which you can see by having a quick google on Google).
This is obviously a very bullish scenario, and would represent a renewed interest and demand for Bitcoin, one I cannot see as evident given the details surrounding the proof of work system (PoW), Bitcoin employs, and how it could affect the value of the coin, and it's limitations going forward.
The system which Ethereum is in the process of converting to is the proof of stake (PoS), and seems to be the way forward for digital currency in the future, being obviously far less energy dependant etc. I recommend you research this subject as it's far beyond the scope of this posting, but rather important regarding how the crypto landscape is evolving, and which coins are likely to be leaders and why.
So, the pattern is there, and seems quite geometrically accurate and once again, a market forecast is born!
Thanks for looking and let's hope it plays out, because we'll be ready for it now. Wont we? :)
Oh well better late than never.