FlaviusTodorius67
Long

The perfect symmetry

BITSTAMP:BTCUSD   Bitcoin / Dollar
As BTC/USD recently passed an important resistance line, the next key level to watch is around 680 USD.
Bitcoin likes symmetry and it likes fractals.

I think the real rally will begin sometime end 2016/beginning 2017 until the half supply will show its effect and some major economic troubles will unfold, pushing BTC to new all time highs in early 2017.

Beautiful idea, where is it based on?
Or just on your thoughts and symmetrical facts? :)
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Thanks.
It is based on a fractal pattern from the small peak in the bottom left corner.
The april 2013 runup, the subsequent low in summer 2013, and the november 2013 runup corresponds
to the pattern we see now.
I think that bitcoin likes symmetry and fractal self similarity. Which is intrinsically linked to mining supply and difficulty among
other things. A fundamental fact that I often miss here on tradingview.
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Maddie FlaviusTodorius67
How about the bull trap in 2013 right before the rally? You don't think that's gonna happen?
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Maddie Maddie
This one in 2013 hehe
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Maddie Maddie
https://www.tradingview.com/chart/1ENsvqdx/
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Maddie Maddie
Ok last try ;p
snapshot
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Maddie Maddie
snapshot
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Hard to say if a bulltrap will happen.
Back then it was triggered by the silkroad shutdown news.

I think now the situation is pretty different than in 2013. But anything can happen with bitcoin, hehe.
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Maddie FlaviusTodorius67
Okie I do expect a bull trap due to the halving and FOMO in the markets, pretting intresting!!
Everything is going following the plan :)
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Still on track, hehe :)
+1 Reply
BigWillyStatus FlaviusTodorius67
@FlaviusTodorius67, unreal lol
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support you thumbs up, very perfect!
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Thanks :)
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works perfectly.
+1 Reply
god damn dude
+2 Reply
Please tell us; Are u from the future?
+2 Reply
Tanner icedini
@icedini, He's not, and this patten has happened before.
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@icedini, I based this analysis on a fractal pattern that indeed occured in similar form already (April 2013 rally) :) So, unfortunately I´m not from the future. If I was, I would have used my knowledge and bought 100k bitcoin in 2010 XD
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Where does the ATH stop in 2017? Or does it stop...?
+2 Reply
FlaviusTodorius67 rivet.popper
@rivet.popper, I wish I knew :) I´ll soon publish a chart where I´ll try to guess the top of this current rally. It´s hard to to, since this rally has some characteristics that are a bit different from previous ones. So it could play out as previous rallies, but also quite differently.
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Damn... looks good! :D
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Wow... Best forecast I've ever seen! Thumbs up!
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@Tweek, Thanks :) I`m actually pretty surprised myself that this plays out so well. After all, my first two bitcoin predictions were utter failures, hehe. But I guess one learns as time goes on. I hope that I can publish further charts, now that I think to understand how bitcoin works on larger timeframes. Cheers guys!
+1 Reply
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