Rare chart that literally speaks for itself.....Its funny how failure (my last chart) leads to bigger and better things if you just keep diving deeper. This chart is a clear representation of a descending triangle that forms above every power of 10 that bitcoin reaches. We are currently at 10 to the 6th power (= 10,000).
MAJOR TAKEAWAYS:
-History and research has shown us that descending triangles normally breakout sometime after 50%-75% completion. If this holds true then we should not see the start of the next TRUE bull run until late 2020, well after the halving and no earlier. We will then witness an extremely lengthy run up to 100,000 with no looking back!
-We are in a BEAR MARKET and BITCOIN bear markets only happen after powers of 10 are reached. After that its like climbing stairs.
-If you're long term bullish on bitcoin.....Godspeed.
Note: There is a lot more to this chart but I have only left the most important lines for the sake of simplicity. AND AS WE'VE SEEN BEFORE, I COULD BE WRONG.
MAJOR TAKEAWAYS:
-History and research has shown us that descending triangles normally breakout sometime after 50%-75% completion. If this holds true then we should not see the start of the next TRUE bull run until late 2020, well after the halving and no earlier. We will then witness an extremely lengthy run up to 100,000 with no looking back!
-We are in a BEAR MARKET and BITCOIN bear markets only happen after powers of 10 are reached. After that its like climbing stairs.
-If you're long term bullish on bitcoin.....Godspeed.
Note: There is a lot more to this chart but I have only left the most important lines for the sake of simplicity. AND AS WE'VE SEEN BEFORE, I COULD BE WRONG.