UnknownUnicorn908250
Long

BTC's 7-10 week cycle just restarted.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I'm just putting this up for my own reference really. I am curious to see if the next bull run follows the same pattern as the previous 6 cycles. The pattern being they correct within 7-10 weeks (roughly) of the previous correction. I threw up some Fibonacci extensions as targets, as well as the descending wedge / bull flag target. I'm not as interested in the price targets as I am the time cycles. I wouldn't be surprised to see BTC channel bound, as money pours into alt coins and better performing tech. But these large corrections seem to continue as this market continues to grow. So let's assume BTC will continue its parabolic trend, followed by a "maximum pain" style correction.

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