Punisher1314

Punisher1314

Price wants to keep going up again, and the 2350$ resistance has been tried several times, but it did not break until now. Next expected resistance around 2600$

Punisher1314

Bitcoin reached the 2000$ mark, and nothing seems to stop it escalating up, at least for now... After some research with Fibonacci, noticed that the 2 first price accumulations after breaking through the 2013 A.T.H. where related, the second accumulation was 1.618 times bigger than the first. Also the wave supports describe quite well the way the price is taking....

Punisher1314 Updated 

Price passed by the 2013 A.T.H. and it is still growing up as expected. Small but nice corrections are appearing while the uptrend continues, a good and a healthy signal that we are not in a bubble (at least for now). If we do a simple wave analyses we can see a triangle is forming in the way up, so it is very possible price will break soon on those wave supports....

Punisher1314 Updated 

Describing this last hype cycle from 2013, after the old All Time High of 1000$+ price found a solid floor at 200$. After some months in those lands, it incremented to more than 400$, starting the first "Fear Of Missing Out" cycle, because the demand of people wanting to buy bitcoin was really noticeable at that point, so the price made a short term bubble. Price...

Punisher1314

The first FOMO cycle after the last "big bubble". Some months after testing a 200$ floor, price doubled itself in few time, then this mini-bubble has appeared because the demand of people wanting to buy bitcoin was easily noticeable at that time.