ambrosia

ambrosia Updated 

This bitcoin cycle is a combination of the last 2 cycles but didn't hit the projected peak. Bitcoin dropped 86% and 84% in the last 2 cycles. The projection is bitcoin will fall 82% this cycle but not from the peak but from the projected peak of between 100,000 and 135,000. Bitcoin will bottom at worst between 23,500 and 18,500 not considering a Covid-19 black swan event.

ambrosia

The price pattern for bitcoin is looking very similar to the short bull run in 2019. I expect price to follow this pattern for the next few months and then go sideways. You know what they say, "history may not repeat but it does rhyme."

ambrosia

I expect bitcoin to continue its upward trajectory through 2021. Central banks are inflating their currencies and PlanB's stock to flow model showing a decrease in the BTC supply hitting the market points BTC up. medium.com Companies are pouring hundreds of millions of their cash reserves into Bitcoin. blockchain.news Paypal has made bitcoin available to...

ambrosia Updated 

This is October 3 2008. Record jobless rate numbers has come out and the stimulus will be passed soon. The stock market taken a beating but hasn't bottomed yet and the gold shock has passed. Gold will take off and the markets will go sideways and down for a while longer.

ambrosia

Bitcoin is in an ascending triangle. It will probably break to the upside but be careful! Money can be made to the downside too. Let's wait and see.

ambrosia

A possible idea of where we are in this mini-bear market.

ambrosia Updated 

There are many differences between now and then (Federal reserve, quantitative easing, negative interest rates) but these charts look eerily similar

ambrosia Updated 

Lots of resistance above. Here is a possibility. Double your investment by Christmas if you catch the next dip to the 3000 area

ambrosia

Dropping to resistance turned support from last summer with matches the bottom of the downward trend. Buy here for a 25-30% bounce.

ambrosia Updated 

Current price movement is curving up. Too many salivating over $4000 or lower BTC. Gotta shake out some shorts and then cause more despair.

ambrosia Updated 

Long until the trend is broken... then short

ambrosia Updated 

The slope of the trend line is increasing at shorter intervals until we hit the previous All Time Highs

ambrosia

Same path as late 2015 and early 2016 but much slower pace

ambrosia

Same path as late 2015 early 2016

ambrosia Updated 

Too much too fast. But still in the bull trend!

ambrosia

The trend line which started in January has been broken and retested. We are headed to low 200s.

ambrosia

BTC is following the same price action as the last big drop.

ambrosia

The same pattern as the previous big drop