Will the "Tax Day" cause a BTC price surge?
Updated
This is my first article here. I hope everyone will like it and I am very much looking forward for comments from people who could give a data driven prove to support or deny my scenarios.
Recently there has been more and more conversations in regards "Will Tax Day cause a surge". Thomas Lee with similar articles articles state that there will be a huge price surge up.
My technical analysis shows that at the moment we are at the peak of bull-ish cycle and there should be another shoulder of price rising up and then the cycle should reverse into bear-ish cycle with price pushing down. However if "experts" are correct, there will be a major disruption to current cycles and new cycles will take time to establish.
Therefore, the question remains - will the price surge up or drop down? Leave your thoughts and models in the comments bellow.
Happy Tax Day!
Recently there has been more and more conversations in regards "Will Tax Day cause a surge". Thomas Lee with similar articles articles state that there will be a huge price surge up.
My technical analysis shows that at the moment we are at the peak of bull-ish cycle and there should be another shoulder of price rising up and then the cycle should reverse into bear-ish cycle with price pushing down. However if "experts" are correct, there will be a major disruption to current cycles and new cycles will take time to establish.
Therefore, the question remains - will the price surge up or drop down? Leave your thoughts and models in the comments bellow.
Happy Tax Day!
Note
2018-04-18, day after "Tax Day". US opened with *drums* ... Nothing!#False"experts" #MissedOpportunity
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