A lovely little rhyme from Bitcoin's history

21 июн. 2020 г.

While using Luna Owl's "Bottoms and Tops range" indicator to scalp, I noticed on the daily chart that we are currently in a tops range we've only entered into once before (on the chart I have access to). That one other time was March 24th-25th of 2019. I pulled up the 4 hour chart and compared it against today's 4 hour chart. History isn't repeating itself, but it is rhyming incredibly well. If this rhyme is fairly accurate, then we have a distinct dip in our future followed by all time highs. Please do compare the wave sequences yourself. Months ago, I'd assumed that we were reliving May of 2019, and as time wore on, I felt validated because others began seeing it as well. Bitcoin is fractal. I think this bull run is going to unfold over a much longer timeline than we've previously envisioned. I don't think we're dropping below 6500 ever again. I think the next major (read: 30-40%) drop we see will be the cheapest bitcoin we ever see again.

21 июн. 2020 г.

Заметка

If you're looking for a timescale, it would involve a 20% jump within two weeks if this is accurate. Given how optimistic this call is, I do not stand by it at all. This is beyond pie in the sky, this is fat free pie in the sky with whipped cream and cherries. If we hit that 11k without a serious pullback, we're going to visit 14k just to see what's up, and then we'll be testing 20k because the resistance from 14-20k is paper thin.