Will be huge expansion if this will play out
Everything on chart
Comparing 2014 and 2018 bubles, there are so many similarities for the time being that it's hard to say we going to da moon. It is true that bitcoin -0.44% is not the same as it was in 2013/2014, however TA speak ourself. The only chance for now to change the bias is FA noisy event. Good luck.
I think chart says everything. Any comments/constructive criticism appreciated. Thanks
As you see above I have applied the historical BTC-E data in order to have big picture for BITFINEX:LTCBTC pair. Considering that we still struggling with 0.382 fib retracement, I assume that main bull run is still ahead. Hypothetically ... if we would imagine current ratio on the ATH level (~0.05) then BITFINEX:LTCUSD would be around $870 with the marketcap...
This is deciding point for USDPLN pair. First signs of potential reversal at the bottom of the channel are visible on the lower time frames.
I know you call me crazy to predict prices such as 100k per BTC, however I see so huge hype on crypto market that this is possible scenario. Bubbles have one biggest issue - nobody knows when it will break. Usually bubles grow to the levels that nobody expect. Despite we already reached unbelievable levels we may only guess where is the top. I expect insane...
Insane BTC bullish rally may cause drop even to ATL