just some recent observations i would like to share.
eventually the rollercoaster should visit bitcoins real price again and maybe go even below it for a wick or 2 is totally in the cards looking at this chart.
on the long run we do go up there is no question that the limit is the sky.
yet i do believe there is a real value of bitcoin that constantly grows.
yet frequently due bitcoins wild nature and volatility + FUD, FOMO etc. deviates from this line in cycles swirling around it
i found some interesting patterns here
notice how it is 15 monthly bars per cycle
and exactly 18 bars from 2017 ATH to 2018 high
and same from there to this current month
notice how price is flirting with the green line?
is that the real value of bitcoin growing over time?
it would suggest that we will most probably go below that line sooner or later again.
interesting fact the green line currently sits at exactly 14000 USD
could the vertical red marked months
be major turning points for bitcoin again?
possible lifechanging buys
21monthly MA currently at 10200 USD
50 monthly MA currently at 7289 USD
200 weekly MA currently at 7413 USD
eventually the rollercoaster should visit bitcoins real price again and maybe go even below it for a wick or 2 is totally in the cards looking at this chart.
on the long run we do go up there is no question that the limit is the sky.
yet i do believe there is a real value of bitcoin that constantly grows.
yet frequently due bitcoins wild nature and volatility + FUD, FOMO etc. deviates from this line in cycles swirling around it
i found some interesting patterns here
notice how it is 15 monthly bars per cycle
and exactly 18 bars from 2017 ATH to 2018 high
and same from there to this current month
notice how price is flirting with the green line?
is that the real value of bitcoin growing over time?
it would suggest that we will most probably go below that line sooner or later again.
interesting fact the green line currently sits at exactly 14000 USD
could the vertical red marked months
be major turning points for bitcoin again?
possible lifechanging buys
21monthly MA currently at 10200 USD
50 monthly MA currently at 7289 USD
200 weekly MA currently at 7413 USD