I wanted to stretch the run out so it seemed like a realistic forecast. I think it could go down like this, but it will likely be a bit more volatile then a year long consolidation. We could see another significant drop as well which I didn't present here.
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The idea is pretty much invalid, but the price is staying inside the channel, thats why I said, pretty much.
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Id say that channel is good, Im going to reproduce this on another chart.
Very timely idea. We expect the following scenario to take place:
PolarHusk
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ThanksGoodJob🐻❄️
VincePrince
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Impressive idea
ruraldisturbance
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@VincePrince, Thanks Vince. Its impressive to see Bitcoin so easily ranging 10k, it doesn't seem to long ago that I was celebrating 10k as a true holy shit moment. I feel like 100k could be very similar to 10k in this regard, followed by the complete disbelief of what it did next, 19k 2017 and what? 180k in late 2022. It wouldn't surprise me at this point, the founders channel and 200 MA in tact and moving up, theres no doubt in my mind about this setup The degree at which its changed after each blow off top is well documented on here, I believe its at 6-8 degrees now. It will be interesting to see what happens with the elections and if there is a significant event in the "regulated" markets.