Description
⋅ Bitcoin drunkenly staggers down the stairs, tripping and falling several steps at a time.
Feebly clinging onto the banister, it attempts to haul itself back in a parody of upward motion, as you look on shaking your head.
It is in a state of inconsolable despair.
We cannot intervene.
The market is a processor of emotion as it relates to expectation, crudely reflected in price.
Fear, panic, loss, grief, depression, all the feelz must process through here.
This is the hypo-manic pathology of capitalism.
And it has a morphology that we can guess at based on the past.
For this fractal I've separately scaled segments taken from the 2014 bubble-pop, and joined them up into a continuous price line.
This means I can map price onto likely areas of support and resistance, and fit the timeframe I feel 2018 is likely to play out in.
I reckon it's the most likely scenario I've posted so far.
Luv,
Organscapital