Do you guys remember that prediction The Magic Poop Guy made back in the first part about this year about Bitcoin Bottoming out at 2k? He might have been right.
What you're looking at here is bollinger-bands in multiple time-frames. I set it up originally for 1H so I could gauge 1H,4H,1D,1W all at the same time. Out of curiosity, I put this setup into the 4H instead of 1H, thinking I would get some nonsense, but actually found something fairly useful.
The best I can describe this as is a giant sideways market and as you can see, the highs of this summer pretty much stopped at the top of this sideways market and we're now headed to the bottom, which as you can see is around 2k. I don't know how quickly we'll get there, but the bottom of the band itself is not moving very quickly, so it'll be around the same when we get there.
Unfortunately for the alts, this may mean the end for a few of them. If this scenario plays out like I'm seeing it, EOS may be done for instance. ETC is finished. LTC survives at 7 dollars, XRP survives at about 0.13. There is no 120 dollar XRP though.
I'd love to know your opinion on this, though. Standing by.
What you're looking at here is bollinger-bands in multiple time-frames. I set it up originally for 1H so I could gauge 1H,4H,1D,1W all at the same time. Out of curiosity, I put this setup into the 4H instead of 1H, thinking I would get some nonsense, but actually found something fairly useful.
The best I can describe this as is a giant sideways market and as you can see, the highs of this summer pretty much stopped at the top of this sideways market and we're now headed to the bottom, which as you can see is around 2k. I don't know how quickly we'll get there, but the bottom of the band itself is not moving very quickly, so it'll be around the same when we get there.
Unfortunately for the alts, this may mean the end for a few of them. If this scenario plays out like I'm seeing it, EOS may be done for instance. ETC is finished. LTC survives at 7 dollars, XRP survives at about 0.13. There is no 120 dollar XRP though.
I'd love to know your opinion on this, though. Standing by.