just compare 2013 bubble priceaction with price now.. 2013 there was nearly an instant dump on the next weekly candle.. will watch this one closely.. dont wanna crush your dreams, but until now it doenst look good..
I dont know man. Could very well be. However I think your underestimating the institution capital waiting on the side line for the segwit uncertainty to blow over (sooner than we think!). that will definitely create new highs, all im saying.
sjesul
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spot on
HamadaMark
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Good idea Bro
mychartslie
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nice catch!
yenlinhpham.93
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i think 2017 is totally healthy chart with H&S pattern. we just see a bearish market. it makes btc healthy than ever. massive increase to 3k is like popping a boom. all i see is good opportunity at the bottom of H&S
mozartc
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It is very real, your analysis is the second I see, and I believe to be perfect.
taakpar
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This analysis is almost impossible because the need for and use of bitcoin at this time is not as much as 2013, and the bad thing that happened in 2014 is unclear whether to repeat it again.
bagofXMR
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@taakpar, what is the use of bitcoin rn? for payments? no way, traditional methods are much much much cheaper and even quicker. crypto is all speculation and get rich quick scheme.
I'm a crypto enthusiast and been involved in crypto for a while already, but i reckon this is too young still, not usable yet. imo we will eventually revisit 1200-1300-
taakpar
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@bagofXMR, Yes, the price goes down, but I do not think about it before, and then a downgrade and M cycle should complete a good ascent.
I've sold all my bitcoins and I'm waiting for a drop in price
moonshilla
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@taakpar, @bagofXMR we will see.. imo a drop to 1800 and a nice bounce in this area is imminent.. so time will tell, if we gonna continue after this or not..