Dread Pirate Roberts And His Correlation With Bitcoin
Dread Pirate Roberts aka Ross Ulbricht And His Legal Proceedings
October 1, 2013 - Ulbricht arrested. Bitcoin crashed immediately but only to instantly enter it's 2013/2014 bubble
November 18 - Ulbrichts Silk Road account, Dread Pirate Roberts, logs in despite Ulbricht being in prison. Major correction occurs in the bubble.
November 22, 2013 - Silk Road goes offline. Last pause/consolidation before a new ATH/bubble top.
Fast Forward through clear, extreme and categorical corruption, as well as multiple violations of the constitution by the US government in many facets. (Where’s Samuel L. Jackson when I need him?)
February 4, 2014 Ulbricht indicted. Beginning of a major crash and the subsequent brutal bear market.
January 14, 2015 - Trial begins. First bottom of the double bottom is made.
February 4, 2015 - Ulbricht found guilty. Beginning of the consolidation for a trend reversal.
May 29, 2015 - Ulbricht sentenced to double life + 40 years (ow, right in the feels). Short term bottom within the consolidation band between the double bottom. The bottom of the bear market occurred a handful of months later.
August 18, 2015 - No correlation with Ulbricht. Second and final bottom of the bear market is made.
January 2016 - Appeal filed; smack dab in the middle of an important consolidation period after the bear market downtrend was broken.
May 31, 2017 - Appeal denied. First big and continuous leg of the next bubble cycle occurred over the previous 2 months.
December 22, 2017 - Petition for Ulbricht's Writ of Certiorari(his last hail mary) to have the US supreme court review the case. they eventually picked it up shortly after. The first bottom after the bubble’s peak and the beginning of a bear market.
February 5, 2018 - 21 organizations hop on board Ulbricht's petition. This is the EXACT SAME DAY that market made its first significant bottom with high volume.
March 7, 2018 - 7th) US government responds. One of the responses was the dismissal of the sixth amendment claim because "No precedent has been made." Double top pattern completing and signaling the next downside leg in the movement.
March 20, 2018 - Ulbricht responds. Short term top.
June ??, 2018 - Supreme court makes decision.
early/mid 13/14 bubble - shady business(average folk like us ain't allowed to know what happened)
end 13/14 bubble - finalizing Ulbrichts indictment and the categorical evisceration of the Silk Road.
Bubble Top occurs a few days later
FF through court business
January 2015 - Trial begins. Trend goes from bearish to neutral.
FF standard legal stuff
December 22, 2017 - Ulbricht goes all in on the supreme court
Bubble top occurring
February 4, 2018 - Legit organizations step in to help Ulbricht.
Major bottom occurring.
March 7, 2018 - US government says “Not so fast there Bucko”
top occurring
The anticipation/uncertainty leading up to the major legal proceedings, ie. court/supreme court, occurs in a downtrend while the major legal proceedings occur in an uptrend. I don’t know what the supreme court decides but there is anticipation/uncertainty now and the downtrend is occurring. Therefore an uptrend should have begun by the the same time the supreme court makes its decision, "by june". I’ll say the average all of the possible days that could be; June 15(probably closer to 30th). It's the same time area that consistently pops up in my analysis and agrees with McAfee
Ulbricht shot down - US given go ahead for being police state(take it with a grain of salt here). Not good for bitcoin.
Ulbricht given glimmer of hope - More clear and outright evidence that compounds the fact that the US government is corrupt; to a higher degree than we have already established. This should, but I highly doubt it will, spark a stronger cultural movement(or revolution) against "the establishment" due to how invasive and corrupt the masses now perceive it to be. Good for bitcoin
freeross.org/case-timeline/
October 1, 2013 - Ulbricht arrested. Bitcoin crashed immediately but only to instantly enter it's 2013/2014 bubble
November 18 - Ulbrichts Silk Road account, Dread Pirate Roberts, logs in despite Ulbricht being in prison. Major correction occurs in the bubble.
November 22, 2013 - Silk Road goes offline. Last pause/consolidation before a new ATH/bubble top.
Fast Forward through clear, extreme and categorical corruption, as well as multiple violations of the constitution by the US government in many facets. (Where’s Samuel L. Jackson when I need him?)
February 4, 2014 Ulbricht indicted. Beginning of a major crash and the subsequent brutal bear market.
January 14, 2015 - Trial begins. First bottom of the double bottom is made.
February 4, 2015 - Ulbricht found guilty. Beginning of the consolidation for a trend reversal.
May 29, 2015 - Ulbricht sentenced to double life + 40 years (ow, right in the feels). Short term bottom within the consolidation band between the double bottom. The bottom of the bear market occurred a handful of months later.
August 18, 2015 - No correlation with Ulbricht. Second and final bottom of the bear market is made.
January 2016 - Appeal filed; smack dab in the middle of an important consolidation period after the bear market downtrend was broken.
May 31, 2017 - Appeal denied. First big and continuous leg of the next bubble cycle occurred over the previous 2 months.
December 22, 2017 - Petition for Ulbricht's Writ of Certiorari(his last hail mary) to have the US supreme court review the case. they eventually picked it up shortly after. The first bottom after the bubble’s peak and the beginning of a bear market.
February 5, 2018 - 21 organizations hop on board Ulbricht's petition. This is the EXACT SAME DAY that market made its first significant bottom with high volume.
March 7, 2018 - 7th) US government responds. One of the responses was the dismissal of the sixth amendment claim because "No precedent has been made." Double top pattern completing and signaling the next downside leg in the movement.
March 20, 2018 - Ulbricht responds. Short term top.
June ??, 2018 - Supreme court makes decision.
early/mid 13/14 bubble - shady business(average folk like us ain't allowed to know what happened)
end 13/14 bubble - finalizing Ulbrichts indictment and the categorical evisceration of the Silk Road.
Bubble Top occurs a few days later
FF through court business
January 2015 - Trial begins. Trend goes from bearish to neutral.
FF standard legal stuff
December 22, 2017 - Ulbricht goes all in on the supreme court
Bubble top occurring
February 4, 2018 - Legit organizations step in to help Ulbricht.
Major bottom occurring.
March 7, 2018 - US government says “Not so fast there Bucko”
top occurring
The anticipation/uncertainty leading up to the major legal proceedings, ie. court/supreme court, occurs in a downtrend while the major legal proceedings occur in an uptrend. I don’t know what the supreme court decides but there is anticipation/uncertainty now and the downtrend is occurring. Therefore an uptrend should have begun by the the same time the supreme court makes its decision, "by june". I’ll say the average all of the possible days that could be; June 15(probably closer to 30th). It's the same time area that consistently pops up in my analysis and agrees with McAfee
Ulbricht shot down - US given go ahead for being police state(take it with a grain of salt here). Not good for bitcoin.
Ulbricht given glimmer of hope - More clear and outright evidence that compounds the fact that the US government is corrupt; to a higher degree than we have already established. This should, but I highly doubt it will, spark a stronger cultural movement(or revolution) against "the establishment" due to how invasive and corrupt the masses now perceive it to be. Good for bitcoin
freeross.org/case-timeline/
Comment:
FF for Fast Fastward