pugofbinance

If Bitcoin Decides to Follow the Wall Street Cheat Sheet

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I am by no means an expert in T.A. - this is a very simple observation and any comments/criticism is welcome.

Bitcoin chart does appear to be following the traditional market cycle as exemplified by the infamous 'Wall Street cheat sheet'. I have tried to approximate the different stages of the cycle in this chart.

There is no saying whether BTC will follow this path to the letter, or if the Depression/Disbelief stage will take this long given the bullish fundamentals of the crypto space as a whole.

It will be interesting to see if BTC follows this path. If so, get ready for 2k Bitcoin .
Mar 11
Trade active: Seems like we are in Denial
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