Another year another update of this dusty chart.
Last year in april, i predicted we would fall down to the 3k's and launch upwards from there and continue the journey upwards.. However, i thought it was going to get there way faster.
Now, with how long it actually took to get those new lows and comparing it to the previous beartrend of 2014. I'd say bulls are...
Well, its been about a year and some change since i posted this chart.
And what a year it has been. Literally mindblowing, moonblowing, whatever.
Posting an update because the RSI taco's are a year later still pretty sexy in my opinion.
To put it short. Buy the dip and sell the next halving around 2020.
Judging on volatility pattern, blow-off top in running volume pattern and possible liquidity shortage due to regulation issues in China, market conditions on bitcoin are changing. Knowing bitcoin history one can easily deduct that such conditions are going to be very attractive for acccumulating BTC as it is going to get a relatively cheap and even riskless...
By 2023 we will be living in a very different world. Cryptographic money may be common, but the layman will not know that he's using it. This money, however, is not Bitcoin. After years of failing to adapt,to its rapidly advancing technological environment, BTC slowly fizzles out into obsolescence.
But the vision of Satoshi is not forgotten. The very meaning of...