DESCENDING DAMPED SINE WAVE for 2018 Q3 & Q4 It is clear that BTC is following a damped sine wave pattern. the damped sine wave is trending downward. en.wikipedia.org There may be a huge buying oportunity approaching december around $5030 USD.
Using market cycle theory VEN will start to rally now and then hit new peak at the beginning of April.
BTC price movement may copy sine line. Technical analysis (Triangle pattern) and Fundamental analysis (a lot of good news about adoption and regulation of BTC) confirms this scenario. However, BTC price falls dramatically each January and recovers from mid of February till April. Currently situation is pretty bad as the price went below Fib 0.786 support level and...
Overlaying sine waves on top of a long-term weekly chart of Bitcoin suggests that the price could have already peaked for this time period and the next dramatic rise will not occur until 2020. Of course, this is only hypothetical based upon previous price movements. The result of the BTC ETF (due March 11th) if successfully passed could likely lead to a new...