We should always factor in History

20 de out. de 2017

Ok on the chart I have weekly charts from April of this year to current now weeks in between than and now indicate that we usually have 6-8 weeks of upside after correction of roughly 30-60% even more in passed years..... and its foolish to not look at the passed and realize that we have had about 5 weeks since the dip to 2900 where we have been on uptrend... Im going to speculate that we could finish the rest rest of October (roughly about 2 weeks) in uptrend to about 7k maybe even falling just shy of it... and than we correct back to the floors of 48-5200.... I cant see us falling below 4800 but I imagine if it did it will bounce as it did on 2975 from ... the fundamentals that could back this TA are the segwit 2x fork still not officially announced if going to happen ... people going into other alt coins once they have verified that they have secured their airdrop money ... regulatory news could be a factor and of course there are a few i'm probably missing but those are my personal reasons as to why. Now as an explanation In fundamental aspects. What happens when BTC reaches amazing highs for weeks? Months? it gains media attention and the attention of new investors...Now we have people asking questions which gains the governments attention, than the government wants to flaunt their power by issuing regulation which crypto does not want and when government attention grows FUD starts to spread and a lot of fake news is spread to get the price down.. And no not all the news is fake but a lot gets lost in translation and is manipulated by editors trying to cause a price drop...than we have weeks or so of downside than everyone realizes "Hey who gives a shit." and than some positive news coincidentally comes out and than boom were mooning again. HODL