Crypto_Dave_

Crypto_Dave_

After analyzing the previous bull cycles, I believe this is a conservative estimate of what is in store for BTC/USD in Q3-Q4.

Crypto_Dave_

I tweeted about this but got no love, wondered if I spotted something special here?

Crypto_Dave_ Updated 

Every new generation of bitcoin miners that come out near a trend reversal have influenced the price. Bitmain and Cannan have both admitted that they have new 5nm Bitcoin miners in the works and are a few months away from production. The reduction of 1st spend coins being sold daily by large farms since Q3 of last year to acquire capital for these new miners will...

Crypto_Dave_

Another pattern analysis assuming that previous price action will continue. If so, BTC should break the triangle on July 25th, retesting the ATH around 19.7K and eventually break up to around 25k before retracing back down to 16.8k level and then break back above the 19.7k level which will become the new support level for BTC.

Crypto_Dave_

Looks like a volatile weekend coming up. Retest of the 9k, and a short drop during Sunday. Drink up and smoke em' if you got em'. We might see a 3k rip to the 12k area next week.

Crypto_Dave_

I had a bit of free time and decided to make a prediction based on if the differences between the last two bull/bear cycles were a pattern. I really hope it's not, but it'd be interesting to see if it is. If correct, it means that bull markets will take longer to peak, the peaks will be smaller, and bear markets will be shorter with less pull-back. As you can...

Crypto_Dave_

The weekly chart shows a strong double bottom. ETH is a strong hold, or long against USD at this point because of BTC rocketing back above the previous 6400 resistance. BTC has to consolidate eventually, and when that happens a ton of money will flow into the alts. Of all the alts, I like ETH the most because of the impending futures & ETF hype. BITSTAMP:ETHBTC