We are looking at this great pattern for Bitcoin which was maintained since 2012. We have set a firm which to this date has never been broken. Since year 2014 we have also started looking at a possible uptrend developing which is a long term signal if validated. Current state of Bitcoin is , even though we believe that it can still make it's way below around $5,000 mark before recovery kicks in.
As indicated on chart, we are looking at 3 possible paths Bitcoin will take. Both T2 and T3 will take us to an accumulation zone like in 2014 however since adoption / awareness rate is much higher in 2018 vs 2014, we might go through it quicker. Finally T1 is by far the best looking path on chart which we all want Bitcoin to take. It includes a month worth of accumulation and then instant uptrend with 55% probability, we are still leaning more towards T2 because even though we remain optimistic about Bitcoin , we want to be cautious when it comes to market.
With that said, we are , medium to long term investors have great opportunity to get into Bitcoin with Alts being on Black Friday Sale right now, including Ripple, EOS, TRON, VERGE and many other one's our exclusive members are taking advantage of.
To add, if upward confirms, we will see Bubble Burst between 2021 and 2022
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop . We are not your financial advisors.
Upward break will bring us closer to T1
We are holding current support which is just around $6,450 which is phenomenal because we would have anticipated a break down by now if market was to continue being bearish. This means that we will either accumulate at this stage or slightly lower but we won’t see anything as major as back in December to January
Medium term holders can hold for support at $6,250
When you say 70% prob, care to share what the 30% unlikely case(s) would look like?
PS - I like your charting, but the math/probabilities don't make sense.