Expect price to drop short term and create a handle before the next leg up.
Extremely bullish signal for Silver as a cup and handle formation nears completion. MSM and other media creating false narrative that silver is being pumped by amateurs, when in reality this commodity is looking to go to the moon in the near future as the physical supply dries up and industrial demand continues to rise exponentially.
potential large wave down soon
Lower Lows trend has formed. If this continues we should see another large drop by year end. real estate mortgage data falls in line as well as other debtloads that will go belly up.
The 11 year rise of US Indices had continuous higher lows. This trend is over and now appears that lower lows will appear at a faster frequency but at a similar trajectory in reverse.
Based on previous halvings/halvenings, I anticipate Bitcoin to be sitting between 14-18k by May 2020. Obviously you need to do your own research, as I could be completely wrong here, and I can't be responsible for your losses unless you're going to pay me for your gains too.
Technically, this parabolic rise can go on forever as long as the gains are exponential, but for anyone to suggest that this is the case is insulting my and your intelligence. The person with a functioning brain knows that the markets are melting up, and with each layoff, each foreclosure, each business bankruptcy, the US market melts higher. That being said,...
While "they" have been successful in keeping the parabolic inflation out of the consumer economy, the equity markets are clearly being pumped artificially, and the growth is parabolic in nature as the dose needs to be increased to maintain status quo. What will the 20's hold and when will the Trillions of dollars and quadrillions of dollar derivatives leak into...
Since 2013, Bitcoin has never dipped below the logarithmic support. Until the Day that Bitcoin does fall below this support, then HODL is the name of the game.
Macro trend bear trap still in progress. A month left at most before log support is reached and tested. The lower the price goes below the log support, the better the buy will be. Obviously, this is not financial or investment advice because its 100% fake news.
If you're not looking at Bitcoin logarithmically, then you're not seeing the long-term price trajectory. Remember, fiat currency is now moving into hyper-devaluation, so it's more prudent than ever to hold onto something that isn't chipped away at by banks or other greedy hands. crypto and precious metals are the only two things left, and you should own both. (not...
The thesis is simple. Bitcoin is in a bear trap pattern, and time is getting closer for the moves to happen and the bears to get T-boned as they do at the beginning of every cycle. Lowest price Bitcoin could hit today is $5800, but extremely unlikely. $6750 is a strong support/resistance level. When this thing erupts, you won't have time to buy in without looking...
Bitcoin spread is tightening, expect something big for autumn of 2018.
While I think this scenario is over the top (mostly because it expects a repeat of 2013), Time grows shorter for the "$1,000,000 Bitcoin by 2020" prediction to seem plausible. I have not drawn any lines, but merely drawn boxes to show where the price as been, and where the price would need to go in order to hit McAfee's target.