PawelS

PawelS

In such an interesting scenario we draw a cup within the current parabolic advance which takes us to the previous ATH (20k USD). Then we draw a handle and break up to "cup and handle" target (80k USD). Then it stabilizes a bit around the "halving" period. The last step of the bull run we go to 250k in the craziest bull run ever. The bubble pops and we go back to...

PawelS

Yet more similarities to previous cycles spotted. Again target around 100k.

PawelS

Bullish scenarios for current cycle presented below: Scenario 1 (optimistic): price 20k USD around September 2019 bubble top 300k USD around December 2021 Scenario 2 (neutral): price 20k USD around September 2020 bubble top 100k USD around December 2021 Scenario 3 (pessimistic): price 20k USD around September 2021 bubble top 30k USD around December ...

PawelS

Cup and Handle target would nicely align with previous ATH.

PawelS

Reversed BTCUSD chart looks really bearish - which is bullish for BTCUSD.

PawelS

Based on extending cycles and similarities to previous periods.

PawelS Updated 

If rising-triangle breaks up (4150 resistance broken), this is likely we would travel up to 6000 (previous support). The stop could be placed where the rising-triangle formation is breached.

PawelS

Just a sketch using some comparisons to the previous cycle.

PawelS

If we take off right now - I can see some similarities to 2011-2013.

PawelS

Based on the previous bull run, we can identify the following potential behaviour of the market depicted on the graph.

PawelS

350 days before halving has always been an ignition point. Is capitulation already in place? Will it go more downside? Potential next bottom is 3k if not now. Cheers!

PawelS Updated 

The scenario is based on parabolic curves and similarities with previous big correction in 2014. We might get nice buy opportunity in upcoming months (around 5k) or we slowly go up forming a cup and handle pattern. In the end, if a new parabolic move is formed, we might eventually get to 100k in 2020. Elliott waves are also nicely fitting into the picture. I...

PawelS Updated 

1. Bullish divergence on RSI 4h 2. Falling Wedge that could possibly break up. 3. 10k is nice psychological resistance (which is also the target).

PawelS Updated 

The first drop is almost identical (~64%). Stoch RSI and RSI are on same levels as in 2014 (orange circle). Trading volume decreases. 2 potential reversal points: 4800 and 3000. It might also reverse earlier as market and adoption are greatly more significant than in 2014.

PawelS

Weekly stoch RSI gives a lot of room for movement up.

PawelS

On the weekly chart, it looks bullish to me (stoch RSI, Eliott waves, RSI) On the daily chart, the price seems to be in the overbought area though - maybe first it gets a bit lower before the significant move up. On the other hand, rising triangle seems to be broken up, which is a bullish indicator.

PawelS Updated 

If we break up bullish flag like previously, then we might achieve previous ATH (T1) followed by flag range target (T2). Ultimatelly, after period of consolidation, like previously, we might go up to T3.

PawelS Updated 

This might happen if lightning network actually works out. We currently have 143 nodes on main-net of bitcoin: lnmainnet.gaben.win We get almost free instant payments after channel opened.