Will Bitcoin complete a 4th Elliot wave ABCDE correction before going on a massive run to $23,000? Or, will Bitcoin break $6,000 and head to the bottom of the log chart to find support around $3,000?
Regardless, I'm long on BTC into the distant future. But, they must address the following issues if we want to see a high valuation in the coming years:
1. Divided community
2. Slow transaction time
3. High transaction fees
4. Centralized ASIC mining
5. Block Size
6. Unconfirmed transactions
7. 51% attack vulnerabilities
8. Difficulty adjustment
9. Transactions per second
Bitcoin needs to evolve. In my humble opinion, Bitcoin should integrate Digibyte's technology.
Regardless, I'm long on BTC into the distant future. But, they must address the following issues if we want to see a high valuation in the coming years:
1. Divided community
2. Slow transaction time
3. High transaction fees
4. Centralized ASIC mining
5. Block Size
6. Unconfirmed transactions
7. 51% attack vulnerabilities
8. Difficulty adjustment
9. Transactions per second
Bitcoin needs to evolve. In my humble opinion, Bitcoin should integrate Digibyte's technology.
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A bullish scenario:
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Inverse head and shoulders formation on BTC & DGB charts:
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A bearish scenario for BTC & DGB if BTC hasn't finished its ABC correction:
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Head & Shoulders formation on DGB USD log chart:
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If this BTC idea plays out then the alts will get slaughtered:
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BTC buy zone based on Fibonacci levels: $4,384 - $1,819
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BTC bullish pennant scenario:
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Questions for your consideration regarding Bitcoin:
