I'm horrible at technical analysis but the fundamentals of bitcoin are something I'm very familiar with.
Like rats on a Caribbean Island Bitcoin will experience a hyperbolic s-curve that levels off once it: 1 reaches global forex market saturation (1-10%) 2 approaches 21M limit
Along the way global economic events will create massive bubbles as collapsing economies convert fiat into cryto (presumably BTC).
As the average price of BTC gets higher, and the collapsing economy's size get biggers, FOMO will make theses bubbles bigger and bigger as well (Red triangles). This is good news though, more opportunity for profit ;D
I like your outlook on it. With BTC i feel as though there is a lot of profit taking in its journey to stay above 1k. It's volatility makes it very attractive.
The_Goonch
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Intesting
Moondogau
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Hi @The_Goonch , great prediction you did back in Jan! Any further comments at this stage, or have you made your millions and sipping cocktails on a beautiful island :-)
The_Goonch
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@Moondogau, lol I have made way more money on btc than I ever dreamed. I should update the parabola for better price predictions!
The_Goonch
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Getting a little close to the top... correction time?