BTC overbought at the top and looks a bit oversold at the moment under 60k.
Even without a parabola, Bitcoin tends to see a price increase during the holidays starting around the week of Thanksgiving until around NYE even in bear years.
Unless bucking trends, '21 is out of ATHs
Even without a parabola, Bitcoin tends to see a price increase during the holidays starting around the week of Thanksgiving until around NYE even in bear years.
Unless bucking trends, '21 is out of ATHs
My Tether theory requires a market price of $75k before the end of 1Q2022.
There was a good chance we would have seen it before the year closed but it ain't looking good at the moment.
There was a good chance we would have seen it before the year closed but it ain't looking good at the moment.
This is sort of a big deal.
The four year pump cycle, and thereby S2F, are the culmination of the oldest ideas about Bitcoin going back to the mailing list like the Adoption S-Curve.
Bitcoin is predictable to those who have been in the longest
If that changes, it's a new world
The four year pump cycle, and thereby S2F, are the culmination of the oldest ideas about Bitcoin going back to the mailing list like the Adoption S-Curve.
Bitcoin is predictable to those who have been in the longest
If that changes, it's a new world
Without the clockwork increases in price it calls into question if the asset will see plateaus no existing model has predicted.
It creates FUD where none has previously been.
Stock-to-Flow boy has 1.5M followers because all this seems to follow a discernable rhythm.
It creates FUD where none has previously been.
Stock-to-Flow boy has 1.5M followers because all this seems to follow a discernable rhythm.
Within this analysis is the suggestion that The Powers That Be in Bitcoin cannot risk the prediction failing.
That's where we are now.
Without a dramatic price increase before NYE folks might just start asking hard questions.
... and nobody has answers that will suffice.
That's where we are now.
Without a dramatic price increase before NYE folks might just start asking hard questions.
... and nobody has answers that will suffice.
I bring this up because November 18th is traditionally the day where the parabola goes into full swing.
This year we aren't even off the launch pad.
This year we aren't even off the launch pad.
Here's a goofy prediction that may not seem intuitive:
If the price drops under the 59k support level it will bounce off of 56k and may very well shoot up to 75k or higher.
Otherwise we'll keep going sideways into the new year.
One of those times I'd be happy to be wrong.
If the price drops under the 59k support level it will bounce off of 56k and may very well shoot up to 75k or higher.
Otherwise we'll keep going sideways into the new year.
One of those times I'd be happy to be wrong.
Checking out TradingView, most of the bullish TA agrees with my take and if there's a dramatic rise in price it won't be until Q1.
Almost 24 hours later, here we are bouncing around 56k.
Next support is 50k. Dips are always possible, but closing a 1H candle on a 40 handle is serious. Like something hugely negative happened on or off chain.
Volume still sticking > 40B which is a good sign.
Next support is 50k. Dips are always possible, but closing a 1H candle on a 40 handle is serious. Like something hugely negative happened on or off chain.
Volume still sticking > 40B which is a good sign.
Perhaps 2017 was the end of the 60 day parabola and things will simply take longer going forward due to increased market participants.
I've been bullish about the next 180 days all year and I'm still bullish.
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