Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Not far off from what Luc was saying here...
https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/
https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/
+1 WOsMerit
I look at what other people are doing once in awhile and access what I can learn and improve upon but generally just do my own thing. That being said..some charts are more accurate than others.
...one final question..you were looking at someone elses charts??
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I'm crawling in the hodlcave. Goodnight wall observers. xoxo
O'Queen. Of course the nice little puppy dogs would never ever hurt the big fluffy bunnies. ni-night.
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So an interesting situation developing here. So far since the 2017 peak, we have stuck faithfully to the 2014/15 fractal. If we were to go up from here, it would suggest we were breaking up away from the fractal, at least temporarily. Nothing to get too excited about, but worth watching. We are certainly a bit ahead of schedule at the moment, which is consistent with traders attempting to front run the 2014/15 model.
I have been wondering how to explain the price capping out at $5,300 and think I have my answer. The price has run up to the 300 Day MA and is now sitting nicely in the middle of a channel between the 300 Day MA and the 200 Day MA.
I have been wondering how to explain the price capping out at $5,300 and think I have my answer. The price has run up to the 300 Day MA and is now sitting nicely in the middle of a channel between the 300 Day MA and the 200 Day MA.
jeez Hairy..that one chart..like raining meteorites down on us. buzz kill. now we have to worry about the 250sma...ffs
How does this play with your fractals theory Hairy? Are the markets being front run as savy investors gear up for the next mania phase? Genuinely interested in your thoughts or anyone elses on the matter.
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It seem fairly certain we will test the 0.236 fib in the near future as market dynamics and bitcoins halvening cycle come to terms with each other. So that begs the question..with the assumed value lets say $8k to $10k after next years halving, will the market move to continue capturing this overhead liquidity? If so then the 0.382 fib is not that far off...and from there a skip to the 0.5 and the psychological barrier of $10k
The 0.618 appears to be a likely support base to solidify before heading upwards towards further gainz. #dyor
To finish and take this crude model further..if the apparent market price of three to five thousands dollars holds true for this years valuation and we extrapolate a doubling in that price every four years to take into account for the halvenings..hmmmm..maybe some numbers to work with...I dunno. After 2020 10k+ after 2024 20k+ after 2028 40k+ median price of course..with spike out way to either side. You get the idea.
You have to start putting numbers and ideas out there right?
So we will see which way the dice falls and continue preparations for the $100k party in the late 2020s...maybe 2030?
We shall see.
D
W
#stronghands