Hey all, thanks for sharing your ideas. I am learning a great deal from everyone on here. I read every analysis on BTC and it is rather entertaining and educational.
I don't think the bottom is fully in, but I do not think we are going much if any below 3K. I charted my idea which is essentially going to be a double bottom, maybe touching 2900. I think long term sentiment is too strong to go much lower, and I think we will find ourselves in that range later this year. November is my target. Depending on how it shakes out, I could see entering the trade in steps in Q4. Anyone who missed the first buying opportunity around 3k is going to eat it up when it's in the low 3K range again around November 2019. 2900 would be a nice grab, as would anything lower, but you will need to move fast. Long term sentiment is accurately bullish but expectations are greedy. It may go to 200k+ in some of our lifetimes, but not on this next run. The next leg up will take us to the 60K area before 2023, potentially the run moves into Q2 or Q3 2023 and pushes past 100K, but it's hard to see what may transpire in there. I do not think anything beyond 100K will be realized until another wave further on down the road.
This is the longer term trend that I see as a potential. Its bitcoin to 1M, but not until after mid century. Realistically I dont see how it goes that high any sooner. So if it actually goes there, its going to even out in some semblance of this chart. So my original idea above is based on this evening out over time. It cant stay parabolic, it has to level out as it matures.