BTC: Another possibility, straight to 100k! Just because it can.
So everyone is waiting for this bigger correction to occur. IT CANNOT GO ON LIKE THIS! IT MUST FINALLY CORRECT BY AT LEAST 30% !!! And we wait, and wait, and BTC just keeps ignoring all TA, ignoring all indicators, and keeps climbing and climbing.
Every now and then it does smaller corrections, just enough to let the stoch RSI cool down enough, to get away from ultra overbought territory.
But what if it just freaking continues like this now for the next months as it dit until now?!?
What then?!
Well, we could see a situation similar to the rally of January-April 2013. This rally basically was similar, although on a faster timescale.
If BTC were to repeat this process, and as always, we're talking about possibilities here, then we could just see BTC going higher and higher, until in October we'd reach the 100k mark.
Then we'd finally get a large correction, and months of consolidation, until preparing for the final bull move of this bullmarket in 2020. Right in time for the halving, hehe.
It's at least interesting to see when the bigger correction will come that everyone is waiting for, and BTC just defies all logic and expectation, and just keeps kreeping upwards.
So, although this scenario is again probably not the likeliest one, I still wanted to contemplate it, and show that in theory, it would be possible. BTC is still doing the perfect parabola.
Let's see how this will unfold :)
But it remains fascinating, as always.
Every now and then it does smaller corrections, just enough to let the stoch RSI cool down enough, to get away from ultra overbought territory.
But what if it just freaking continues like this now for the next months as it dit until now?!?
What then?!
Well, we could see a situation similar to the rally of January-April 2013. This rally basically was similar, although on a faster timescale.
If BTC were to repeat this process, and as always, we're talking about possibilities here, then we could just see BTC going higher and higher, until in October we'd reach the 100k mark.
Then we'd finally get a large correction, and months of consolidation, until preparing for the final bull move of this bullmarket in 2020. Right in time for the halving, hehe.
It's at least interesting to see when the bigger correction will come that everyone is waiting for, and BTC just defies all logic and expectation, and just keeps kreeping upwards.
So, although this scenario is again probably not the likeliest one, I still wanted to contemplate it, and show that in theory, it would be possible. BTC is still doing the perfect parabola.
Let's see how this will unfold :)
But it remains fascinating, as always.
I expect some form of correction occuring here. How deep the correction will be, dunno, but we could see a continuation afterwards, something like this:
Would also still fit the gold fractal, even down to 8k correction.