Quote from: WinslowIII on January 03, 2019, 08:30:51 PM

Quote from: pabpete on January 03, 2019, 08:16:25 PM

Quote from: WinslowIII on January 03, 2019, 07:56:45 PM

Quote from: Febo on January 03, 2019, 06:05:46 PM

Quote from: sunanbonang on January 02, 2019, 11:39:59 PM

that means the lowest point will occur at the end of this year? and the peak of the bull will occur at the end of 2023? oh this is too long, the bull happens every two years.

It is 4 years and not 2. And this time should happen earlier then in 4 because everyone expect it and they will want to be ahead of others.

You may be right, but there is always the unkown factor of whether bitcoin will pump again. Nobody knows for sure, and this fear of the unknown keeps people in the same mindset and keeps them from jumping the gun, or accumulating no matter the price.

Something unexpected may happen in any moment and such charts will have to be corrected very quickly. It's enough for Bitcoin to become the official currency of a medium-sized country, or Google and McDonalds will accept it, to completely change this lines. We have to remember, that this is just speculation.

I don't see how any of those things are possible with the current inability to scale.

The examples were wrong, I'm sorry. My point is that one big event can completely change the future of Bitcoin price. It does not necessarily have to be a positive event, it can be negative, or completely neutral, such as the invention of a new, better technology than blockchain. Also enough will be just to improve Blockchain (fork), in such a way that it will bypass Bitcoin and create Bitcoin II, which will take over. This is enough, for long-term predictions, to not work. My opinin is that technical analysis on cryptocurrencies, works only in the short-term.