Bitcoin (BTC) is on a huge J-Curve and for my Crypto Maniacs this is a trade of a lifetime, jokes aside, whether you're in alts or bitcoin.
Potential that Bitcoin begins uptrend in 2018 is huge. Starting from BAKKT exchange, going through Nasdaq, JP Morgan and ending with ETF (coming this or early next year), there is no doubt that whatever we have seen in December, is nothing compared to what's to come. With numerous bullish patterns visible on Bitcoin chart, such as bull flag, downward wedge and others (all of which can be found below in this description), we can be assured that real uptrend is yet to come. With rapid crypto adoption, regulations coming through, countries accepting the new digital currency world, we holders have nothing to worry about.
With that said, we have new patterns developing for cryptocurrency which we have not seen before and will never see on a traditional stock market. We are just starting to disrupt 21 century. If you're in cryptocurrency right now, you're in for quite a ride because with such low market capture we have room for growth like no other stock.
Back when Bitcoin price was just $100, everyone was saying that $1,000 would be where Bitcoin maxed out, because there was just not enough money in the world that would be invested in Bitcoin. At $1,000 everyone was saying that $10,000 will never happen, and Bitcoin fan boys should just give up and take their profits while they still can. When we went over $10,000 on rapid climb to $20,000 in 2017, we have seen on the daily, from people in news media, tradingview 'experts', professors, bank managers giving bearish predictions with corrections being predicted at $10,500 ; $10,750 ; $11,000 and son on until we reach $20,000 or just under it on some exchanges. Well you get the point right?
This goes for the 5% of crypto coins out there which actually introduce some breakthrough tech, not for 95% of scam coins.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
NOTE - THIS SPECIFIC CHART IS NOT PREDICTION OR ESTIMATE OF PRICE. THIS CHART IS FOR PATTERN IDENTIFICATION PURPOSES ONLY.
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Today has been one of the most bearish days if we look at news articles from top news media sources. It's very surprising to the amount of FUD there is today, however Bitcoin still showed us that reversal can come at any moment with no warning.
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Here are just few FUD articles aimed at driving the weak and ignorant away from this market
This all feels just a bit too similar to last year's pre bull run market sentiment. We had same BS in the articles that were been published with no filtration, and we also have been experiencing massive volatility just as today.
Just so I can stop laughing, how did you come up with the curve? Lol so funny
tearliner
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as a BTC holder I really hope btc crash if I imagine trolls like this guy making money... oh wait this guy probably already lost shit ton of alts
JessicaPeters
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@tearliner, he is terrible... only money he has made is from scamming newbies into his trash signal rooms
adcardosi
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@JessicaPeters, He went all in on XRP a while back... seems like that's working out for him now
Bayraktaro
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unreasonable...
kardia
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@Charlie_Brown, There is a possibility the bottom has already been hit and 3k Bitcoin won't happen. The Euro is going up. Alts are also pumping hard. Something positive appears to be happening for a change.
Corn_Reaper
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Down we go
CatoshiNakamoto
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one day..... you will get the bullish prediction right :-) i do hope it will be this time brother.
xuanhaimmoer
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thank for sharing with us bro, reveal this:
hubertczech
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@xuanhaimmoer, This looks about right. Would be nice for it to break out of that resisting triangle trend, but on a Descending triangle move that hoes does not match the previous years Sep,Oct, chart pattern so I'd predict a down trend. But I'm no pro just been studying chart patterns for 2 months. Plus I have no money in BitCoin so this don't really matter to me just saw the ridiculous chart prediction.