...Long way off as in 1 year? That's fine. We can deal with it. Or long way off like 2-3 years? That does not seem too likely.
Seems that once we are approaching 2 years, especially 2 years from right now, we are going to be long into ATHs and maybe even we might be at the end of this particular bull cycle by then. Perhaps? Perhaps? Perhaps we might get a bit front runned this time, who knows? Time will tell, and these little periods of overexcited and irrational exuberance surely shows both the power of king daddy and also that we are in early days and experiencing a bit of an underlying battle... that sometimes us mere mortal regular people just have to have enough ability and foresight to HODL through such tramas and maybe even figure out ways to skim a little profits off of the nearly inbred likelihood that we are going to have ongoing volatility including sometimes extreme short period outbursts. .....
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Yes, that is around the sort of timescale I had in mind. I am really just helping to manage expectations so that ppl are not too disappointed.
Firstly, we have accepted that BTC can behave anyway at all, but then it's pointless trying to make some sense of a chart. The WO board is purposeless if everyone is just hodling for ever.
I am saying that IF BTC were a stock/commodity/price in the standard investing world, then the price chart/fractals/shapes are saying x y and z. This actually seems to work for 90% of the time , but very occasionally, at extended time intervals, there is a sudden supra-normal move.
The recent exceptional spike has pointed out resistance at 10.5k, and, coming below the strong resistance at 13.5k, it is a bearish indicator (in conventional analysis).
Assuming we ignore that analysis on a long (bull forever) view, my conclusion is that it will still be a more extended time before a challenge to the ATH. 1 to 2 years is my rough guess. I know that is going contrary to the halvening theory, so it's a really contrarian call, and I guess I am comfortable being a vilified contrarian.
