BTC on the Weekly Chart (Mid Term Trend Hypothesis)

19 เม.ย. 2018

This is just pure noob speculation based on some hypothesis I heard in Node Investor's channel about this time not being 2014 but actually end of 2013 where it spiked massively again only to then truly go into the bear market.
What if we are coming to the point where BTC will continue up and do either a double top or make new ATHs this year followed by a year long bear market followed by a rebound around $12-20K. Could be or could not be? Who knows...

19 เม.ย. 2018

บันทึกช่วยจำ

There's been an image floating around comparing the nasdaq weekly chart with BTC's daily chart:
prntscr.com/j7dz9h
prntscr.com/j7dqd7

Looking at that I ask myself...what if the fact that today we have such massive tech advances already makes markets move faster. Think that in order to dotcom bubble to get attention and retail investors it first needed to reach people and today the word spreads faster due to the internet already being established in most people's lives, whereas back then it was being developed.

Thus what nasdaq bubble took almost 10 years to burst, in crypto it might be faster. So my thought is, that this is the bottom, but we are now going to move slowly with btc, while alts will run. Only true value projects will survive and keep growing though just like in the nasdaq the amazons, google and the like grew out of the bursted ashes.

19 เม.ย. 2018

บันทึกช่วยจำ

BTC will move slowly upwards as it did from July to beginning of October. So from now it's going to be a slow growth for BTC for about 3-4 months (until July where it will reach 12K).

While BTC grows slowly it is always a good sign for alts.

Then around July where BTC breaks key resistances of 12K, altcoins will start getting sold (to capitalize on BTC) and BTC will run towards the top to either break previous top and reach ATHs in the vicinity of $50-100K to completing the cycle and enter into the massive bear trend that will bottom again around the 12-20K as said earlier.

19 เม.ย. 2018

บันทึกช่วยจำ

Or it will do a solid double top on the weekly and enter the bear trend.