Let's take a look at Bitcoin's five year logarithmic chart in 1W time-frame.
BTCUSD
is obviously moving in a channel. I know I know the trend line mustn't be assumed linear in a logarithmic chart. My point here has nothing to do with it.
As you can see both last bubbles are followed by a massive correction which ended with a sharp price dump that triggered a reversal of the pattern. I Believe the current pump will continue for a week or two and
BTCUSD
will see 4700 before a good volume enters the market.
A great deal of patience is needed until the market recovers, but when it does, there will be the greatest bull run the world has ever seen!
BTCUSD
is obviously moving in a channel. I know I know the trend line mustn't be assumed linear in a logarithmic chart. My point here has nothing to do with it. As you can see both last bubbles are followed by a massive correction which ended with a sharp price dump that triggered a reversal of the pattern. I Believe the current pump will continue for a week or two and
BTCUSD
will see 4700 before a good volume enters the market. A great deal of patience is needed until the market recovers, but when it does, there will be the greatest bull run the world has ever seen!
We're not there yet. Keep being patient. The market will keep falling further.