/biz/ - Business & Finance

01/03

Ever since April, Bitcoin has been traveling inside a parabolic channel. In November, it broke this, first under nearing $10k FOMO, which was then amplified by the American news media, which then set in global FOMO. We thus traveled outside of the longer term parabolic curve channel.

This super fast moon, with all the usual dips skipped caused us to move up without building support. Once FOMO died down, we returned to the normal cycle, which always includes a return to the curve before we go back to pull.

This chart shows this long term curve upper and lower bounds.

So I had a horrifying realization after looking at the BCH chart thanks to OP post.


So far I've estimated bitcoin to touch the long term parabolic curve on 01/03 and then bounce up to bull shortly after. Well, then I saw this shit for BCH. Guess which day BCH fractal looks to moon...01/03

REEEEEEEEEEEEEEEE

Alts will all plummet and BTC would have entered unprecedented bear since the April run started.