jamesasb
Long

We see you Bitcoin, and we know what you are like....

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
this chart is pretty self explanitory
Comment: Breakout achieved.if it holds this is the beginning of a godzilla bullrun imo
Comment:

probably going to rotate to the next gann angle
Trade active: so, weput in a lower low at 5700 and its been looking good.here are my first thoughts

You may notice the alts are bleeding, and the longs are decreasing as the price increases. so we have btc fomo now and we can speculate that we are potentially bullish
breakout achieved.if it sticks then this is the beginning
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That's like the best porn ever :)
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@GazMema, HAHA
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The market was very volatile back then. What if you took that first fractal (FIRST SELL OFF) and pushed it down towards the mean? You'd still get two bumps on an uptrend instead of a ledge with a V-shape. This is what happened in 2017, as BTC moves towards adoption volatility drops and the curves become smoother.
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I see it slightly different, that's not to say I'm correct and you're wrong
+3 Reply
jamesasb BarclayJames
@BarclayJames, it will be interesting to see what happens for sure.

if we breakdown like your chart suggest it would break bitcoins 'genesis' support

This could happen but i felt (rightly or wrongly)it was highly unlikely since crypto is still in the discovery stage...we don't even know the best way to make a cryptocurrency yet

My chart also shows a flattening of the bullish movement which supports the idea that bitcoin is gradually becoming more established and one day will flatten out alot more and have a stable price when it is mature
+1 Reply
@jamesasb, not sure what you mean genesis = first channel? BTC brakes channels all the time I think. This is the entire market history
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jamesasb BarclayJames
@BarclayJames, i'm sorry i meant the channel that caught us after the $33-$2 plummet. where do you see the potential bottom for this bearphase?
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@jamesasb, Well if this idea is right and we do just one red fractal then shouldn't be much lower: 5.4 to 5.6 I think. Like I say I don't we're as volatile as we used to be. btw I could be completely wrong :)
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jamesasb BarclayJames
@BarclayJames, well, if we do continue on a bearish trajectory then we happen to intersect the major channel support around 5.5k we might be able to convert my triangle to a huge falling wedge or bullflag at that point should we break down shortly
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