At this point I've posted several ideas about what I think Bitcoin could do long-term. Not looking for bragging rights if 8 ideas fail and 1 succeeds, i'm doing this so I can look back on my analysis in the future and learn from it.
Here is the idea:
After Crash Cycle #1 broke to the upside, it tested $680 and failed to continue the uptrend.
I could see Crash Cycle #2 play out the same fractal, break to the upside, continue up to test the top of the triangle, and have a successful breakout into a full blown bull trend for 2nd half of 2016 into 2017.
Here is the idea:
After Crash Cycle #1 broke to the upside, it tested $680 and failed to continue the uptrend.
I could see Crash Cycle #2 play out the same fractal, break to the upside, continue up to test the top of the triangle, and have a successful breakout into a full blown bull trend for 2nd half of 2016 into 2017.