Today BTC mining difficulty has been retargeted (With an increase of 15%) As you can see here: fork.lol
This means that BITCOIN blocks are going to be found at a slower rate and the mempool will reach a new high (More unconfirmed transactions). Every time this happens, BCH soars and BTC plummets.
As you can see in the chart, BCH is also...
I believe we have to go down, in order to break the red line and be able to go up. IMO this will be the start of the bear trap phase of a gigantic bubble that will go over 25k usd. Let's see what happens.
Note: We will touch the red line on the day of the fork.
I think at 30k usd we will reach the top of the channel and the bubble will burst (What bubble? the one we are in).
At that time Ethereum will reach the top of it's channel in USD and will be worth ~1000 usd, which means that you will get 0.03 ETH for every bitcoin, which is almost the bottom of the ETH/XBT channel. With the burst, ETH/XBT ratio will go even...
This is a chart of the price, in logarithmic scale, since Bitcoin's inception. If Bitcoin makes it to absorb all gold market cap, then every bitcoin will be worth 1 million. Of course there are going to be a lot of obstacles in the path to lambo, but this chart is basically what I believe in :)
Zoom in to take your conclusions and positions.
In USD we've touched the top of the channel, I believe we need a correction. In non log scale, we can see the chart looks like a bubble. Is my opinion that a big correction is coming.
Atached you can see the same chart in LOG scale. (Related ideas)