First of all I want to accentuate that this is a SCENARIO, which could or certainly could not play out, but nevertheless..
1. We have never had a spiky, but round top in the history of bitcoin that indicated a permanent top
2. I have explained this in previous analysis that this was a H&S or 'Bart Simpson' head, yes technical term.. formation
3. We had a 50% immediate retracement, exactly as Tesla had in both fractals on the left
4. Tesla was a strong undervalued company, with a lot of hesitant investors, not sure if Tesla would make or fail which is identical to bitcoin
5. Tesla was already seriously planning ahead of the future, nonetheless global negativity with a bunch of failures on the road
6. Eventually everything went well and massive cooperation with government and car manufacturers, battery production monopoly, Spacex etc..
which means that bitcoin and crypto will have massive adoption and real use cases and implementation globally and could become a monopoly or take over finance, government, healthcare, etc.
7. We can't predict the future, but we can make a serious estimated guess..
The technicals are all there.. if we could copy the gains of Tesla after the fractals, we would end with a bitcoin worth equal to 795K usd , or let's say 500K usd if we'd have only 1 fractal...
All theory, but I must say all the numbers are similar..
I forgot to mention the percentage run up from bitcoin to 65K usd, but it was exactly as Tesla.. around 900 % from the bottom average..
Retracements were exactly as we had now.. 50% from the top.
So I would say that we are not far from a possible scenario as Tesla.
1. We have never had a spiky, but round top in the history of bitcoin that indicated a permanent top
2. I have explained this in previous analysis that this was a H&S or 'Bart Simpson' head, yes technical term.. formation
3. We had a 50% immediate retracement, exactly as Tesla had in both fractals on the left
4. Tesla was a strong undervalued company, with a lot of hesitant investors, not sure if Tesla would make or fail which is identical to bitcoin
5. Tesla was already seriously planning ahead of the future, nonetheless global negativity with a bunch of failures on the road
6. Eventually everything went well and massive cooperation with government and car manufacturers, battery production monopoly, Spacex etc..
which means that bitcoin and crypto will have massive adoption and real use cases and implementation globally and could become a monopoly or take over finance, government, healthcare, etc.
7. We can't predict the future, but we can make a serious estimated guess..
The technicals are all there.. if we could copy the gains of Tesla after the fractals, we would end with a bitcoin worth equal to 795K usd , or let's say 500K usd if we'd have only 1 fractal...
All theory, but I must say all the numbers are similar..
I forgot to mention the percentage run up from bitcoin to 65K usd, but it was exactly as Tesla.. around 900 % from the bottom average..
Retracements were exactly as we had now.. 50% from the top.
So I would say that we are not far from a possible scenario as Tesla.
Comment:
Comment:
so still on track I must say...