The progression went like this:
1. Bottom at $3,000- in December 2018.
2. Test of log trend at $10K-$20K. This already happened with the December-June run to $13,800s.
3. Fall back to $6,000 area by 2020. The tag of $6,500s the other day may have been close enough, but we may still go lower.
1. Bottom at $3,000- in December 2018.
2. Test of log trend at $10K-$20K. This already happened with the December-June run to $13,800s.
3. Fall back to $6,000 area by 2020. The tag of $6,500s the other day may have been close enough, but we may still go lower.
Thanks for this.
When we were trading in the $3,000s last December, the idea of reaching $10K-$20K in 2019 seemed equally out of reach. During bear season, we always tend to underestimate the honey badger.
I don't say 20k is untouchable. My fears were that we may need a bit longer time frame.
But I missed the June part (I was thinking that he means a new price rise in the next months, a rise much closer to the ATH), so... I guess I have to read more.
You guys shattered my bubble.
So, according to this traingle picture we will see something around 4K till next year.
I guess that instead of complaining that the price is falling, I'll have to learn to enjoy it
, since the faster we get over it the better.