1. Either we have bottomed or will bottom soon.
2. By end of year we touch $6k although there's a catch see #3.
3. We hit $6k and bounce off that resistance numerous times until the halving in May/June 2020.
4. After the halving next year we bull again, meaning that we break the $6k resistance for the first time.
That's what the longer term chart analysis is telling me from my own research, dyor and let's compare.
Meanwhile, ltc reaches ath in aug
yeah I haven't looked at alts tho anyhting sideways or slightly up from BTC is magnified on alts usually no?
Nah the range is gonna get tighter and tighter and a slow roll up. Big money will trickle in DCA, nobody is gonna FOMO because you won't be getting insane 10-100x on btc and the money's gonna be spread out on projects who succeed
> crypto gamble
>research
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The btc chart is basically like a ping pong beeing dropped at the floor fighting against the "gravital resistance". The huge run up and then the pop. After that it falls, recovers by trying to run up again shortterm but getting slammed down again. With every resistance contact the whole thing looses more and more "juice". The amplitude getting smaller and smaller.
the last couple of weekly candles resemble the form of a bait. there is no way this pumps and only upwards from there. just doesnt look right. just look at the chart for some time. get a feeling how btc chart develops on the longterm
I'm a brainlet. Are you saying it's trending to 0?
wat
Lets compare something as complex as the value of an invisible innnernit money to a pingpong ball.
halving hits in about a year or more due to rising electricity costs. Price of bitcoin collapses again to 2000s. Difficulty will not go down fast enough to compensate. Death spiral friendo.
its not that far fatched. there are similarities . picture yourself a imaginary ping pong falling from 3 feet on a tiled floor.
dont take financial advice from a egyptian vintage lawnmower restoration shitposting forum.
the ping pong is not completly still yet and has more movement in it imo. I am looking out for the signs when the artficial hand will pick it up again
TA is retarded. These are unregulated markets.
Of course you can tell this by watching prices and exchange volumes. But forget forecasting. This market is like an ATM for a very large syndicate.
What they are doing is capturing every market. (Easy when you compare the account of investable wealth (pro smart money) with the size of the market (capitalization), which is an really affordable sum (similar too small companies) They already have their HFT servers co located.
How it works it's simple. They stabilize the market being on both sides of the trade in btc and big coins. They can literally force the liquidity channel to do what they want.
They then capture the tail liquidity which is the daily trade volume. They will continue shaking the market until they have captured all the coins. It's a profit machine for very big pockets
There is no organic demand, it's at all time lows. This market is going to go downhill until there is an actual capitulation and reversal. At each step they either raise their stake or profit. These people have HFT servers colocated, and the exchanges have let them set up and give them huge discounts as "liquidity providers".
There will be insane volatility at some point in the future... To the downside. This isn't the bottom, it's literally the 39th floor of the WTC and Achmed is on his way in a hijacked 747. Ironically it's possible that the market " makers " are Saudi as well
This is literally the worst analysis I've seen in my entire life.
Actually seems bretty good OP.
I think after we finally break 6k, it's a shorter ride to 20k. Then we have another period of insane gains after 20k and another massive dump.
If I had a job I'd be buying a little crypto every week.
Never claimed my post was a analysis. I shitpost and come for the memes
Eventually, all of civilization dies and then the earth dies, just like a ping pong ball, luckily we have sergey which can create energy out of burgers which probably will let us use a new form of energy based on [Se]rgers, using a sergey forming a dyson sphere
Thanks! Another timeframe chart I looked at may indicate a new ATH and Top around 2023 so $20k would have been passed way before that like $1k BTC was passed before we got to the top around $20k during last bull.
Sounds about right.
> just switched to pro in March of 2019
> sees "it" now
this board gets more pathetic everyday
I was pro before just wanted to wait for the right time to get back "in"