BLX composite chart of bitcoin
Pure speculation based on historic research and TA. While it's possible given the s-curve ramp-up of a finite resource enables us to break above the green parabolic resistance, it has never happened before. 4k chart snapshot: ibb.co
GDAX/Coinbase FOMO action way out of control. BTC also near upper parbolic resistance I have plotted earlier charts. LTC Need some cooling off before this wall st fueled mania continues. I'm not saying it's tanking for sure, I'm saying we need some pullback to go higher. it's way overextended. At least a pullback to around $330 or within purple parabolic...
...Continuing my research into PBRs and looking at major alts to get additional confirmation on current $BTC PBR.
Continuing my research into PBRs and looking at major alts to get additional confirmation on current $BTC PBR (referto my last BTC PBR chart posting).
Continuing my research into PBRs and looking at major alts to get additional confirmation on current $BTC PBR.
HISTORY LESSON BTC: those who don't study it are doomed to repeat it! Get ready to sell the blowoff top on BTC - I estimate around 35k or so by Jan 24. The interactive chart (click play button on right of chart) may be hard to read the way TV does them as I produce them on a 4k screen. Instead you can look at 4k snapshot here:
PBR = "Parabolic Bubble Run," a term I'm coining on this here day on Dec 9, 2017 LOL
Forecasting up to 35k by Jan 24 after a turbulent ride up. Expect correction soon down to daily 50 MA (moving average) before next leg up. I believe my research is in line with historic data and projections. However, we have entered the start of the s-curve (early majority) so the blue value channel may steepen during ascent in the next couple years above the...
Bitcoin has left the historic blue "value channel" and started on parabolic trajectory into a bubble run once again. Refer to 2013 years in chart for last two bubbles analyzed. ~Top 2017 bubble price forecast ~$49,500 Watch for breakdown of parabolic line with bearish candlestick/TA to signal popping of the bubble. Expect significant 68%-80% price drop to occur...
Bitcoin has left the historic blue "value channel" and started on parabolic trajectory into a bubble run once again. Refer to 2013 years in chart for last two bubbles analyzed. ~Top 2017 bubble price forecast ~$49,500 Watch for breakdown of parabolic line with bearish candlestick/TA to signal popping of the bubble. Expect significant 68%-80% price drop to...
Bitcoin has left the historic blue "value channel" and started on parabolic trajectory into a bubble run once again. Refer to 2013 years in chart for last two bubbles analyzed. ~Top 2017 bubble price forecast ~$49,500 Watch for breakdown of parabolic line with bearish candlestick/TA to signal popping of the bubble. Expect significant 68%-80% price drop to occur...