I feel that this current upwards move within BTC may be more a correction and rebalancing of the sudden and unbroken drop from the September 18 high - more a dead-cat-bounce than a new impulse move upwards. Once this corrective upwards move has subsided, BTC should return to it's natural rhythm and begin to find it's way out of the retrace. See my previous idea...
Just my take on how Bitcoin may return to play above the trendline again ;) Notes on the chart.
Pulling back and getting a sense of the rhythm of Bitcoin ( which is a bit like the rhythm of the group mind as it approaches something new and grapples with it, a push/pull between faith and fear ) Bitcoin/we ran with the idea in late 2017 and hit the wall, way too excited, we exhausted ourselves and retreated. We're now below the historical averaged-out...
Well - that was a perfect storm of events that caught Nano out in the rain undergoing a decent tress-test: * Nano rebrands from Raiblocks on Jan 31 in a bear market. * On the same day BTC begins a steeper decline and takes the alt market with it. * As BTC and the market begin a major reversal upwards around Feb 7 Nano is drawn into the drama of failing exchange...
Stellar just sailed through it's ATH like it wasn't even there.... It's been a while coming, and what's not to love about the coin and network designed by the guy who designed Ripple ( & forked Stellar to improve the code & protocol ). Stellar is focused on people, working in partnership with IBM to speed up Global Transactions using Lumen as the "Shuttle" (...
Bitcoin Gold is a young coin with a bit of a shaky birth. And here we see that the baby may have settled down somewhat and found a base from which to stand. IS BTG ready to walk with the Bitcoin Siblings?
That's a Ripple Rocket : ) Let's see if profit-taking doesn't kill too much of the ride back to the healthy 0.240 zone.....
Bitcoin seems to have legs. It is the flag bearer for the idea of a new money system. The trend line shows how the idea of a decentralised, non-political collective money shows merit and gains traction. I feel this trend line will continue - nothing is more powerful than an idea who's time has come. As we collectively "Get our heads around" the concept of this...
If you refer back to my previous chart "Bitcoin - The idea that we can create a new Money" there is an observation of how disruptive ideas gain traction and integrate, and how the Bitcoin chart reflects that rate of adoption. This chart reflects that rate of adoption curve ( the green line ) as a baseline for how Bitcoin gains traction. We're currently in an...