You have to be able to define pattern breaks without being on a 1 hour chart to get an idea of what is possible here. Who projected $20K using a 1 hr chart this year? NO ONE! We were excited to think $5K for 2017 was possible, we were in a state of delusion getting to $20K!
I am not saying this is what is going to happen, but there are several possibilities of what will happen. You think the Institutional money wants to buy BTC at $20K or even $10K if this a market they want to come and do their usual thing with? I don't, but we also know that the Old School hodlers have a BUNCH more btc than any of the old worlders moving into this market so I am not keen on this being the path we travel, but I am not so naive to think it is out of the question either. We are in a market than just hit $600 billion and moving in old worlders that are using 100s of TRILLIONS of dollars in an archaic system that is collapsing before our eyes and the smart ones want to keep their WORTH and are smart enough to see a dying dollar in front of their eyes.
I am not saying this is what is going to happen, but there are several possibilities of what will happen. You think the Institutional money wants to buy BTC at $20K or even $10K if this a market they want to come and do their usual thing with? I don't, but we also know that the Old School hodlers have a BUNCH more btc than any of the old worlders moving into this market so I am not keen on this being the path we travel, but I am not so naive to think it is out of the question either. We are in a market than just hit $600 billion and moving in old worlders that are using 100s of TRILLIONS of dollars in an archaic system that is collapsing before our eyes and the smart ones want to keep their WORTH and are smart enough to see a dying dollar in front of their eyes.