Bitcoin - the 2013 Fractal - REPEAT?!? (1milli btc)
Ok so most people are looking at the 2017 fractal trying to catch a nice correction. Most prob they are just going to get REKT. I would highly advise just holding until this parabola is more complete at least. And the smarter thing to do MAYBE is to start revolving your BTC value out into a couple good quality ALTS that will no doubt make some insane gains prob after that 42k 'correction'.
These kind of runs (if this is what we have here) give very little time to catch and profit from corrections. They wipe longs and shorts very quickly leaving human traders REKT. Unless you are very good. Are you that good? Prob not.
I've tried to fit this as best I could. The first time I did it, around $110k was the top. But this makes more sense.. because:
1. that truly vertical 'top of the parabola' still isn't in. you can tell just by the shape of it. we do appear to be making those candles now though. which matches the fractal here.
2. the mania hasn't really kicked in on social media and other media channels. imagine the sheer fomo when we hit 50k (which takes up past 100k). the perfect time to manipulate with big candles up and down, which is what you see on the fractal.
3. alts still haven't really taken off. in 2013 that happened around that 42/45k mark, on that dump (march or October 2013, hard to know which parabola makes more sense, though the first one looked more appropriate)
4. this fractal takes BTC to 1 million.. which would blow everyone's socks right off and cement BTC in history as a reserve currency store of value.
Anyway obviously just pure fractal speculation. But exciting if this plays out.
Will be interesting to come back and reference this.
These kind of runs (if this is what we have here) give very little time to catch and profit from corrections. They wipe longs and shorts very quickly leaving human traders REKT. Unless you are very good. Are you that good? Prob not.
I've tried to fit this as best I could. The first time I did it, around $110k was the top. But this makes more sense.. because:
1. that truly vertical 'top of the parabola' still isn't in. you can tell just by the shape of it. we do appear to be making those candles now though. which matches the fractal here.
2. the mania hasn't really kicked in on social media and other media channels. imagine the sheer fomo when we hit 50k (which takes up past 100k). the perfect time to manipulate with big candles up and down, which is what you see on the fractal.
3. alts still haven't really taken off. in 2013 that happened around that 42/45k mark, on that dump (march or October 2013, hard to know which parabola makes more sense, though the first one looked more appropriate)
4. this fractal takes BTC to 1 million.. which would blow everyone's socks right off and cement BTC in history as a reserve currency store of value.
Anyway obviously just pure fractal speculation. But exciting if this plays out.
Will be interesting to come back and reference this.
Comment:
respecting that correction channel. oh and look at that it happened at basically the same time. looks a lil drawn out but apart from that we are on course. next pump 60k ish then a doom drop that everyone will sell on and it will pop back up. my guess is that when real mania will hit across the board.
Comment:
not sure why that next yellow target line is at 55. that should be up 58-62k..
