PentarhUdi

New long term prediction as I see it now

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This post is my updated vision to Bitcoin future price dynamics in context of broken all time log trend (blue in picture).
So the Bitcoin lost its huge momentum to stay in this trend - this was going to happen sooner or later.
As the technology being adopted - it loosing its blowing popularity and leaving straight-style log trend while continue to grow in SQRT-style trend (green in picture) more smoothly. I had difficulties to draw this green trend using regular tools, so it is not really accurate.
So this is the basic idea behind this post, and i thought about it for years and now here it is.
I think Bitcoin price will follow next steps in future:
1. Finding a local bottom. Should be at 1300-3000 range. Should not break previous lower low at $159 (lol). But i think it should be 4-digits. Nearest weeks.
2. As it dropped fast - as it should bounce fast to retest lost $6000 level and log trend at around 10000-20000. 2019-2020 AD.
3. Then it should fall back to ~6000 support. This should happen up to 2020 AD.
4. Go to new highs. Beyond 2020 year.

Bitcoin technology will eventually find its place in human society after 2020 AD. And its price will become relatively stable in any mid term and slowly climbing in long term.

This is the stairway from current bear hell as I see it.
SICK - call.
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One of the most amazing bitcoin predictions I've seen. No one was expecting to burst through the hard resistance at 6k this spring. When we did people started to speak of re-testing the ath. But this turned out to be absolutely spot on. If it continues being correct it will be remembered as one of the best bitcoin predictions ever. Masterluc already has some in that category of course.
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Johnsdad Johnsdad
@Johnsdad, Also shows that the blue "Trader-style old school straight line" is massive resistance
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congratulations on an amazing TA!
+4 Reply
Shockingly (or perhaps not so shockingly) this is still dead on. Ramping up my accumulation efforts now.
+8 Reply
This is art.
+15 Reply
"Stay on target..."
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Hi, PentarHudi, how are you? I've been following you... thanks a lot!!!
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@PentarhUdi For fuck's sake how did you see it all? Your prediction is doing amazing for 8 consecutive months! Let's see if continues as good. Fucking good job man!
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