McAfee was right about BTC $1 mil, but 1 year ahead. $16k AprilThis TA is based on a lot of trendlines by monthly and weekly, also by past cycles. This bullish summer indicates a strong demand for Bitcoin and which could be the reason we see a super cycle. I mean, the fundamentals are much better and the overall recognition is much bigger now. On top of that we have countries as Venezuela and Argentina fueling the fire for a way out. Hong Kong as well.
Ethereum and XRP wont take as much dominance as last time. We do have twice the amount coins though. Will those eat of the BTC dominance pie, or just share the small piece with everyone else..?
I know it is a TA with a lot of trendlines. I know them all. For me, I believe they put paint on a picture.
We are exactly at the same place as we were back in December 2015. So from here to $16k I see 4 out of 5 green monthly candles to April.
I am a beginner at this, but long term there is more room for being more accurate than short term. This is a updated version of my first TA.
