nice targets, predicted without corona. Still possible outcome.
After the a=halving a breakout of this triangle is likely to happen. A simple but feasible idea is drawn here, based on the simple conviction that this is how most triangles end.
The halvening is less than one year ahead. Ghost feeding the last bull run into the fib. extension gives an insight where this is going. Conservative price goal is marked with a red "?". Everything beyond that is greed/FOMO/irrational IMHO.
Looks like we're ready to finish this texbook pattern and go up some more.
Idea: Possible last dip before end of current short term bear trend. Will bounce at relevant (slightly lower) fib line or resistance level. :-) Comments?
Likely scenario: Parabolic trend turns into a S-curve of adoption. Before it does 100K could be reached throug a greedy sentiment towards this large milestone. Price might fall from this point temporarily to return slowly towards an S-curve. Comments?
We see a transition to another phase of Bitcoin price as a new, more steep, price channel arises. The new price channel emerges in a exact similar fashion as the recent one leading to a possible 100k - 200k USD price per bitcoin in the beginning of 2018. This rally could be powered by institutional money joining the cryptocurrency space. Any thoughts welcome in...
Nine days ago I fiddled with some red lines and thought about a return to parabolic pricegrowth of Bitcoin. The next days might return the price to the parabolic increase - while CBoE futures join the system and we wait for the big one: the CME, possibly breaking out on the upside once again. Target: 25000 USD? Why? Because we like 'round' numbers, especially 25%...
Looks like we're heading towards a 25k bitcoin in Q1 of 2018
As Bitcoin is about to go parabolic, the day of the fork almost exactly pinpoints a very important desicion in time on the direction of the market.
Before the fork the market just might remain bullish. Maybe up to a 8000 USD pricepoint. Once the fork arrives, a lot of FUD may enter the market. This might turn the overall sentiment way more bearish and this is possibly done in a very agressive way. People (including professionals in all kinds of markets, also besides the financial markets) might be easy to...
Am i missing out on something something important? :-)
fib extension shows possible peak price around 12000 USD. Comments and ideas welcome
Past price discoveries rallied along a predictable pattern that occurred 4 times before. It is possible this wil repeat with the current price rally of Bitcoin for a fifth time, until it reaches 15.000+ USD. Your comments are very welcome. Disclaimer: I've published this chart before and changed it slightly to accomodate the current market
Can anyone who understands this better than I do please comment on my fib extension? I have no idea what I'm doing or what I'm supposed to see here :-)
If no new drama occurs in the Bitcoin space we might have a new support line. your thoughts?