This is the last Elliot wave until bitcoin trades sideways for a month, which starts alt season, then in November BTC will bull again and alts will bleed
just want to screencap this to remind myself in December to see if I was right
This is the last Elliot wave until bitcoin trades sideways for a month, which starts alt season...
Grayson Fisher
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Camden Wood
So in other words exactly what happened last year?
Lucas Nguyen
no OP. bitcoin goes to 1 million by end of the year. -Marius Lanman.
Nathan Diaz
>descending triangle
>nothing will happen
sure buddy
Austin Gonzalez
Nice Dubs, but I predict mid October is when btc loses big money support an plummets beneath 5k.
Too many people believe some sort of reverse bart or recovery is coming. Textbook denial.
Matthew Roberts
>BTC has yearly cycles
Lincoln Powell
where are we headed in your view?
Aaron Gomez
This is actually the same conclusion I came to today as well. W-will it still happen if everyone is predicting it?
Parker Davis
William Bell
I'm just betting on the massive EOY pump. Almost every alt has this pattern. With BTC, it just happens on a much longer time frame.
Cameron Watson
It either breaks up or down, it can only range in this manner for so long
Julian Gomez
Multi year bear market. No true recovery until at least 2022. BTC is still overvalued, big money is trying to get out, Tether broke top 10, and is set to break top 5. It's a recipe for disaster.
Tether makes this market especially dangerous. If it's ever exposed as a fraud in the next year, we'll see triple digit BTC.
Carter Phillips
TUSD and DAI exist though
Jonathan Bailey
I *work* with big money, nobody is trying to get out. Everybody is trying to fund dapps that will change the world, since the most popular dapp was a god damned kitten game.
The only other dapp I recommend to look into is SingularDTV, that’s where a lot of major people in Film are looking towards.
Jacob Russell
Will ETH also moon?
Mason Thomas
In the first half of 2013 BTC ripped up from the single digits to over $250 only to crash back down by the summer. That winter of 2013 BTC went over $1,000.
I think we are still waiting on the second run to at least $80k but more likely $100k (due to the psychological importance of the number 100 acting like a magnet on anything near it).
William Morgan
>Too many people believe some sort of reverse bart or recovery is coming. Textbook denial.
perhaps you're not considering that too much of that "denial" of the bear triggers a bull run. perhaps you're in denial of the change in market sentiment
Jonathan Richardson
>I *work* with big money
>image related
Luis James
>drawing lines on a log chart
yeesh
Asher Peterson
Would you share why that's incorrect?
Sebastian Bennett
because it implies that an exponential increase is sustainable
Adam Gomez
Oh, so when should one switch from a log chart to a linear chart in your view?
Nathaniel Richardson
eth is going bye bye
BTC will continue to rise steady more or less. anyone who thought the bubble was natural (boomers) and were banking on it in late 2017 are straight retarded
Brody Adams
checked. this user gets it. altseason will only include p2p cryptocurrencies. platform shitcoins will continue to bleed.
Sebastian Clark
lol that chart has been pretty accurate for years now you fucking idiot
Evan Howard
There will always be stubborn bagholders who won't capitulate. It only seems to you that everyone thinks a reverse bart is coming because the majority of dec-jan bagholders have given up crypto, so the people who are predicting a reverse bart are just the vocal minority. Notice how dead Jow Forums and crypto is in general this year compared to late last year. Besides, even if it did plummet below 5K, we wouldn't change our minds that a reverse bart is coming because BTC Dropped further than this at its $1.2k peak.
Noah Howard
>This is the last Elliot wave until bitcoin trades sideways for a month, which starts alt season, then in November BTC will bull again and alts will bleed
Thoughts on this?
Sebastian Taylor
Marius confirms October is alt season, I’m getting excitedly
Charles Smith
>the most popular dapp was a god damned kitten game.
Wasn't the biggest one FOMO 3D? I think it broke all records, which is even worse because it's basically reverse pyramid scheme
Jaxon Davis
has he ever been right about anything?
Justin Peterson
marius is cryptojesus
Robert Morris
boom. checked for accuracy.
Sebastian Martin
What do you think will happen over the next year?
Brandon Davis
>starting the graph in June 2016
>linear instead of log
People really are this naive
Jaxson Lopez
It didn't bounce at 7k like in his prediction. Marius once again btfo.
Camden Hughes
The emotional FUD in a tether collapse would make the trustworthiness of any other stablecoin irrelevant. People would want out of the market period
I'm all in on AMB, but I still believe we're headed for a multi year bear market. The losses of BTC and the other currency coins will continue to drop everything
I call at least 2022 for a bullrun because when venture capital is done with 5g, IoT, Cannabis, and nextgen materials, They may be looking at blockchain dapp and infrastructure coins.
Jose Peterson
>I'm all in on AMB
yikes
Juan Rivera
VCs are trying to use 5G and IoT in conjunction with blockchain, just from the generals ive taken with others
Ryan Turner
checked
Aiden Gutierrez
It's been 9 fucking months you stupid nigger, and it still hasn't touched $5k once. It's never fucking happening, the base price for BTC is now $6k. Ge the fuck over it you fucking stupid retard
Hudson Jones
>I'm all in on AMB
Not surprised, a $5kbearfag is all in on AMB.
Easton Garcia
>the base price for BTC is now $6k
That's the entire point my man. Once we brake that resistance it will turn into the capitulation phase. You are solidly in the denial phase.
After the capitulation phase comes the part where people will sell for whatever price because they just want to get the fuck out. That hasn't happened yet.
Noah Gray
you must be blind to not see that one megawhale is keeping the price there.
Reasons unclear, it's a very dangerous situation
Zachary Scott
show me scientific proof why that pattern should always occur in that way. Not some astrology-tier bullshit.
Lincoln Sullivan
So if it drops below 6k, it's the perfect time to accumulate cheap btc?
Lucas Robinson
that's how it's been since february numnuts
Benjamin Wright
>below 6k
>cheap
cheap btc is below $1k
Anthony Anderson
will you still say this if it turns out to be correct? what if the pattern exists for a reason?
Anthony Wood
>So if it drops below 1k, it's the perfect time to accumulate cheap btc?
Yes.
Leo Williams
It's ogre
Zachary Torres
logarithmic diagrams are fucking garbage.