I wonder how many alts are showing some variation of inverse H&S patterns at the moment? The tide is rolling in and it's got a long way to go. Let the alt pumps continue!
I'm dreaming of a massive inverse H&S marking the reversal point. The USD chart looks good, a positive trend against BTC would seal the deal for some parabolic maneuvers. I like to have these charts as reference points for myself, other people laughing at me is just a bonus.
There's only ever going to be 21 Million Bitcoins being shared GLOBALLY, and I wouldn't even venture to say bitcoin is just quite "Main stream" yet. The exponential growth potential differential relative to the current price of the symbol is nimble... It's just that simple as I spit from the temple. Ya know?
It would be nice to see the 6K area breached and then...
Freedom and Privacy are rather valuable commodities. The XMR project is a top contender in this sector and therefore, in my mind, a top contender against BTC. I believe it is massively undervalued currently. Time will tell.
On a more serious note, I am now claiming to be a prognosticator with super-dank ESP powers and such... I receive inspirational visions of...
No one knows how the precise trajectory will unfold, but if this pattern holds it will be considered by many to be the official start of the new bull market phase. Now gaze upon my esoteric visions and ask yourself what you wouldn't do for a sensory deprivation flotation tank in your basement? I come up short when posed with such a question.
Based on Voodoo Witchcraft and Fibonacci extensions, in conjunction with structure analysis and key-lime pie (with the graham cracker crust x2), I have been able to assume the vague possibility that BTC may indeed perform a 61.8 extension of its previous downward leg... And then maybe afterwards a nice retracement to around $4400. That would probably please the...
I put a little more effort into this chart vs the last one i posted. I'm feeling pretty good about this one, hardest part is getting the timeframes to line up. We'll see how it goes....
Theres the bottom, big things coming for lisk... I'm feeling lazy so this is a crappy hypothetical i did for fun. Testing myself with public shame or fame as the transcendental object at the end of time.
