Rainman2

Seriously, go buy some Bitcoin

Long
Rainman2 Updated   
KRAKEN:BTCUSD   Bitcoin
GO BUY SOME BITCOOOOIIIINNNNNN!
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frac·tal
MATHEMATICS
noun
1.
a curve or geometric figure, each part of which has the same statistical character as the whole. Fractals are useful in modeling structures (such as eroded coastlines or snowflakes) in which similar patterns recur at progressively smaller scales, and in describing partly random or chaotic phenomena such as crystal growth, fluid turbulence, and galaxy formation.

also useful for market patterns :D
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Why would this time be any different? What? You think 2018 is some magical place where the rules don't apply?
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Imagine if you had traded the last 2 months based on this fractal?

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A closeup view:

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¯\_(:/)_/¯
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bull flag

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No resistance

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I rest my case.
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We're about to break through

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RSI upper and lower bounds should be set at 80/20. And you should note that the actual result of overbought conditions is delayed, as shown on the chart. Additionally, I've come to believe that a hidden bearish RSI divergence without an actual drop in price - more sideways - is a bullish indication and a setup for a significant increase. In effect, the indicator is pushed down so that it does not rise to overbought levels when the bull run takes place. The fact that RSI is about to hit 80 tells me that there will be some sort of correction once it crosses that threshold, and of course from previous examples we can see that the correction itself will be delayed by several days.

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Further evidence that we've just completed, or are about to complete, a full fractal cycle

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After this run, I think we should expect a very long period of relative stability for the price of Bitcoin, allowing it to serve its function as a non-depreciating store of value. It's probably during this period that the alts will fight it out to see which deserve their valuation and which are EOS :P.

If what I think I've discovered holds true, I think this is the only possible option for the price of Bitcoin. If we see a dramatic drop in the price of Bitcoin after this jump, then the only way for the fractal to complete another cycle would be another equally dramatic increase. If for the sake of argument, the price of BTC drops back down to our current level, that would put the next bull run at somewhere near 2.5million dollars, and that just does not make any sense to me. After this crazy run (if it happens) there will be a long period of steadily declining prices followed by an even longer period of steadily increasing prices, leading up a dramatic increase, a dramatic fall, and of course, the grand finally (which, hopefully, we're about to go through, for the second time in Bitcoin's history www.buybitcoinworldwide.com/price/.

This is the only way I could reconcile all of the disparate charts for the crypto market. The alts, at their various stages of breaking out, most of them will go back to dormancy while money moves back into BTC. In the face of declining BTC prices (perhaps years), after the new ATH, and with most of the altiest alts having only BTC pairings, those without actual value will die. The market will determine which coin, token, ICO can hold their value in the face of BTC's decline and the market itself will stabilize. Well managed, well developed, and well-funded initiatives will go on to realize all the unrealized potential that exists in this technology. It's the only way it all makes sense. I'm sure Satoshi, whoever and wherever he may be, would be proud ¯\_(:/)_/¯
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Also, I hate to continue sounds like a nutjob, but we're going into a recession. So get your Bitcoins while you can, they'll hold their value better than other investments.
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Supplies are limited... seriously.
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We're busting through kids, got places to be and a new ATH to reach.

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When we break out of this triangle - in the next 4-8 hrs or so. We'll actually be breaking out of 3 triangles at once. I'm hoping this, along with the breach of a major resistance line aka the top of the triangles, means an added boost after the breakout. As one of the top writers mentioned in their chart today, there seems to have been a lot of accumulation happening these last few days/even weeks. Just from my personal experience and the retail investors I've talked to, I think that's a fair assessment of the sideways action we've been in. I'll also add here however that while it may not feel like it, because these bumps up are happening in little snippets of time, we are well on our way into parabolic territory. I would argue that we are there already. In fact, I would challenge anyone looking at the weekly chart to make an argument that we are in anything but that. I would also argue that extended periods of sideways action actually shows that this market may be maturing a bit and becoming more stable, which might be a good thing or bad thing depending on who you ask, but probably good for the overall advancement of the tech and so-called mainstream adoption.

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Stabilization also lessens the risk of a major unforeseen correction.
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Less risk = more people willing to invest = higher prices, at least in the short term. Once the market is saturated, and everyone is more or less a HOLDer, that stabilization effect will also apply to the topside.
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did I mention, you should buy some bitcoin, like, now?
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I guess I should have expected this happening, but many of the alts are poised to follow BTC on the next run...
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I really expected the alts to go back into their shells while BTC went on a rampage.
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We are adding a stage to the bitcoin-altcoin cycle we've become familiar with. This will be the product of last year's bull run: the expectations set and the excess amount of worthless assets in the market. The cycle will either introduce one of two elements in the Bitcoin then Altcoins then Bitcoin cycle. 1) The altcoins start first OR 2) All coins go up in tandem at first.

Only once we pass 11.5k, will the back and forth cycle resume.
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We are nearing the end of the line, there's just no more space in the triangle. One of two possibilities here: 1) we bust through now, like now now now now now OR the below, where we hit the triangle's bottom and go back up. Obviously, there's a third possibility but... let's hope not... because it takes a while to draw more pretty lines on a chart, and I'd have to come up with a new crazy theory...

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I'm so f'in good

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seriously...

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But hey!!!! Maybe we can change things and take back the market!!!! Go, buy some BIIITTTTCCCCCOOOOOIIIIINNNNNNNNN!!!!!!!

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The answer to the question posed above is interest, organic grass-roots interest. Volume isn't there because of artificially created volatility. But as soon as there's even the slightest movement in price, the volume jumps instantly. Why?
The underlying interest in the commodity. It is palpable, there are eyes on the screen and fingers poised to push the buy button. So let's move this shit show along and go buy some BBBBB... you guessed it :)
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wanna know how that manifests as a pattern???? ¯\_(:/)_/¯
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BUT IT ALL STARTS WITH BITCOIN, SO GO BUY SOME, NOW!!!!
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Let's keep one step ahead of these fools

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nevermind we're gong crazy

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damn, I gotta look through my old charts more often...

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This is a private chart that I forgot I made, I'm breaking my own advice and sharing

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unfortunately, 2 of my charts call for a sharp drop...

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so... I guess my strategy is HODL ¯\_(:/)_/¯
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wait... it calls for a short drop for ETH!!!!!!! Not BTC!!!! Which is completely in line with my current theory. Hooray!!! ¯\_(:/)_/¯
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Based on my prior performance, I am 80% sure that BTC is going on a rampage while the other coins go to hide. And also that the jump from here to 12/13k is going to be swift and fast. My last comment on this chart. If it happens, I'll put up a new chart with what happens next round.
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This is a variation of the Big W Pattern which makes an assumption that a left-side drop proceeding the pattern is unnecessary

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It would require that the breakout happen here, and it would lead to a lower ATH.
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We're waiting to hit this black line

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some of the top writers are waiting to complete this inv hs
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I'm waiting for this one
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Closeup of red oval
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For every action, there is an equal and opposite reaction.

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I'm sharing so I don't feel like such a nut job:

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We've managed to maintain our upward trajectory...

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See the two blue overlays above, one going up, and one going down? We're in this grey region where both possibilities still exist. If we drop from the bottom of the triangle, then sync up to the bottom trajectory and won't likely reach bottom until 4-5k. Should be break upwards, the aim would be to sync up with the top trajectory, and my estimates have varied greatly this last month or two, from 16k to 120k... I'm not going to be able to assess/reassess where that endpoint could be until after I see what happens when (if) we break upside out of the triangle...
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I'm learning to be more patient, as we progress... believe it or not ¯\_(:/)_/¯
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Price and MACD are poised to break out of their respective triangles at the same time:
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morning star forming on the 4hr

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