I respectfully raise a doubt:
You could draw the same for any crypto, stock, currency or commodity that went up in the last 12 months, based on the assumption an uptrend will carry on. But how to maintain a continuous uptrend, knowing that there will be more and more cypro projects/listings.
PonziTycoon
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This is just a rough drawing, but every bull market bitcoin has changed its long term trajectory. However it seems bitcoin hasn't changed the angle of its recent uptrend, but rather hopped back in the old one. To me that sounds like the 2017 bubble is just continuing, not the sound of a new bull market.
UnknownUnicorn15191661
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@TelecomTycoon, Actually is continuing from the moment it started. From some cents to today!
BoardSurfer
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Where we are right now could be the baseline/bottom for the next bear market. You can see it in the chart. Are you going to sell at the top or hodl through? I held through the 2018 one and I’ll hodl through the next one too.
UnknownUnicorn15191661
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@BoardSurfer, I expect much more higher price for this bull cycle. Assuming only Parabolic Curve theory, which it has 5 phases, we are at the moment on 3rd one. Based on this theory, the phase 3, once it breaks upside, can give until and 3X from here. I will cash out once phase 4 done.
aaronstevens566
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What does this mean from the map pls are we going down now
UnknownUnicorn15191661
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@aaronstevens566, A possibility to go lower in yellow small line, area between 37k to 43k, exists yet. We will know this, if weekly we close below 48k. In any case the meaning of this chart is not how more lower we can go. The meaning is that Bitcoin is bullish, bitcoin is in super cycle, and for sure we have yet at least two more legs upside and another one correction (except of current one), before to finish this bull cycle.
In those case, we just buy any dip and we are waiting. More upside expected for sure.