SevenSeas

Corn Harvest Season - New Market Cycle To Begin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Cryptocurrency grew parabolically over the previous year or so which was great, if you were already there :)

A lot of projects within the space are massively overvalued.

There is a lot of delusion in the minds of this space, there is a mass of people who have money invested (whether it be coin, hardware , whatever) in this space who have creditors and bills             .

Not to mention there have been a good deal of problems and scams which will stay in the minds of people who got burned and whoever they whine to.

We will see what kind of capitulation goes on at 7k.

The pattern is playing out similar 2014 and most parabolic advances now after the recent double top I think we go lower and grind sideways for months now.

Crypto, however, fundamentally is a much bigger space now there us a plethora of exciting projects going on and some of the best minds in the world active and the best buying opportunity is approaching in my opinion.
Comment: It's been a few months now since I posted the original idea which worked until the price reversed just shy of 6.5k which made a lot happy.

I remain unconvinced of a massive comeback for crypto and Bitcoin. There are memes flying around the Internet in regards to consensus 2018 pumping the price, however, I see this the same as in January the meme of Wall Street Bonus 'and in April how after taxes there would be a pump. Rumors spread in this ecosystem very easily and it seems many people do not check for themselves.

I see long term a triangle forming, the pattern could still be busted but seems to be paying out well.

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