Here is a few ideas in one chart, a parabolic curve that is inside the channel bitcoin has been following year after year. Looking at the 4 year halving(halvening) cycle leading to a parabolic run up in price. On this chart we see both previous cycles from previous halving events overlayed to give a few ideas what could happen if history were to rhym...
While bitcoin goes through huge bubbles you should always buy and HODL, buy and store securely on a hardware wallet your bits/coins for 2 supply halving events(8years) and you should always make a small fortune. here's the trending channel with fib extensions using the BLX bravenewcoin liquid index on a weekly scale. We can all hope for this but it really shows...
Working on the idea of bitcoins parabolic growth curve, i got the idea from parabolic trav who has some great videos on the subject if you checkout his twitter; twitter.com and also outlining the new channel btc has been following for the past 12 months (i do not think we are following the historic trend with the 1million or so new users that are pouring into...
i see a big gap between $1800 and $1700 which was not retested since the start of the bullrun. I have followed each peaks of current run showing where the 628 level was hit I see this as the target retracement area if we breakout of the current range we are sitting in then break the massive support around $2800 If we break above current range then make all time...
if we stay in this channel for the 6 years this is how things might look.... highly speculative chart.....
current channel along with 235 day cycle going back to 2012
no idea if i have done this right or not but drew it about a year back and still following the same channel... although a very large channel id like to know how to refine this to be more accurate