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POTENTIAL BITCOIN CHART ON THE LONG TERM

Long
FX_IDC:USDZAR   U.S. Dollar / South African Rand
This chart has no relation at all with Bitcoin, but it has a similar trend looking at his first stages. Bitcoin had a first bubble in his past, hitting the 1100$ mark. Then it had a long term consolidation before the breakout of the all time high. On the second bubble it is gone straight to the 20000$ mark. Now we are in a corrective phase that can consist of a main impulsive drop an a potential sideways correction. What i'm expecting for the future is a scenario similar to this chart: a good consolidation before a breakout above the all time high. Let's see and good luck!

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