This should tell you all you need to know. $8800 is going to be MAJOR support and the b bands are set for some crazy expansion in the coming 12-18 months. Short term potential to go down based on a potential low volume fake out currently in progress, but I'm thinking the line has been drawn in the sand for the next cycle.
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we have now 2X'd since posting this and have recently set a new ATH for BTCUSD. You can see the expansion started about 2 months ago. Look for a possible pullback over the next monthly candle as this will solidify the monthly pattern even further. I'd be looking to add on dips as they come. Our blow off top won't come for another 12 months or so.
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There's a definite possibility that 20k bitcoin is gone forever.
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13 months later and big gains. Let's find a top range now. Easy hit for 500% in 13 months. Still more upside to go as the blow off top should hit the monthly 4 dev b band around 115k right now.
13 months later and big gains. Let's find a top range now. As you can see this was an easy hit for 500% in 13 months time. Still more upside to go and we should test the 4dev monthly b band for a blow off top. Right now thats a minimum of 115k.