mattgarbutt
Long

Bitcoin is dead, long live Bitcoin - bulls v bears since 2011

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
There's blood in the streets, and the smell of fear, we may even be witnessing capitulation.

But it never lasts that long. Unless this really is the end of crypto this time - we've all heard that one before.

This is just a rough little sketch on the zoomed out weekly (log scale), Apart from the Mt Gox prolonged bear market, with some big bear flags in that period, it's just a series of bull flags.

We're about 14 weeks into this bear market now, at some point (probably soon going on what history tells us) there's be a bounce out of our current huge bull flag into the next part of BTC             and crypto's journey.

I'm a long term bull on blockchain, distributed ledger and new money. But I also see BTC             being overtaken or left behind in one of these big cycles soon, maybe even this one. Fascinated to see how it all plays out.
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