Based on historical data, and assuming the bitcoin cycle repeats. Buckle up, the next couple years will be exciting. Bitcoin should finish its next bull run at the 2.168 fib retrace level
"on such a winter's day" -The Mommas and the Papas
two possible scenarios: breakout of the wedge or price falls to the bottom of the wedge
Could it be a cup and handle move? Many cryptos have denied an inverse head and shoulders. Now looks like there could be a cup and handle continuation pattern showing. By my math that would take us to the $5100 range. Time will tell! please comment with thoughts/suggestions.
Possible head and shoulders forming? Too soon to tell. Will update
LTC showing an impractical inverse head and shoulders. I have mixed feelings about this one. But BTC has completed a similar structure on the 4 hr. Follow the link to check out what BTC did previously. In my opinion, its time to buckle up and wait for the ride. When we find the moon, its time to sow the profits in. “when the full moon turns white that’s when I’ll...
COINBASE:LTCBTC touching down on a trend that dates back to May 19, 2017. I anticipate a steady rise in Satoshi value beginning in the next week. If it acts as it has in the past, I wouldn't be surprised by a 100 plus percent increase in satoshi value. It may not happen overnight, but COINBASE:LTCBTC is incredibly oversold on the 1D chart.
This is just a long term view at BTC. As you can see, BTC has seen its share of pumps and dumps consistently throughout history. If I could zoom out further, it would show more of the same dating back to the beginning of bitcoin. I will update this chart periodically. Looking at the chart, we have denied the $7600USD range again, as I pointed out in my last post...
BTC should reach some resistance at $7600. However, I wouldn't be surprised to see it breach $8000 before another trip to the bottom of the triangle. At the same time, BTC likes to counteract most analysis; it may never reach the bottom of the triangle again :)
LTC is close to heading up again, in my opinion. It looks to be starting a new bull cycle; very similar to what happened back in early September. I expect a bull run beginning in early June on our way to the next high of 267, which matches up with .618 fib retrace. I am long here, so i will be holding until 267. There might be some bumps and hiccups along the...