This is an amazing news about price raise, can you share with us more about your prediction. I see you are looking how bitcoin behaved before, and from that you are predicting next raises and drops. I wish to know do you also have some inside information that something big is going to happen or conclusion is just based on history?
Every raise for me is amazing thing, for me that means that bitcoin is getting stronger. I hope this will come true what you people saying here, this will be good warm up for even higher prices I believe.
No I have no secret insights or anything like that, just have a strong analytical mind.
You can't simply say that the price will shoot up from observing that the price has been rising for a mere couple of hours. That's simply absurd thinking.
What we are basically doing here is discussing now up to 2 years trend. 2 years = 17520 hours which is slightly more than 'a mere couple of hours'
Now, the thing here is the correlation between these different trends. When you take a look at these trendlines (thanks for quoting OP ^) you see these 1 + 1.5 years trendline with a strong upward movement. The 2 years trendline however, had a whole different angle.
What will happen will eventually be due to what happens in the orderbooks. However combination of these trendlines, especially 1 + 2 year trendline shows there is fair chance of having a
high conjuncture.
EDIT: Look I don't have amazing paint skills, but it is to explain the economic phenomenon for those who are not familiar with it. Don't take this colored lines as prediction, but just to get the hang of the motion we're swinging at. The trendlines are more import.
VERY RAW!! More educational
This will propably mean that somewhere towards the end of this year (it will be this year), there will be a short spike. Though resistance is strong in the upper area, resulting in a
low conjucture breaking the trendline after this event
