An admittedly quite optimistic bullish scenario. I think we are right on track for the formation of another bubble a la April 2013 and November 2013. Notice how similar the runup from the low this year, has been to the July low last year. Then compare the astounding similarities in the RSI. Other people have pointed out other similarities between the three bubbles. Because the last bubble took longer to "deflate" compared with the one from April 2013, this bubble cycle will probably take longer to build up, hence we're a bit too late for the new ATH. Have fun! :)
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Haha, so funny to see what an epic fail my first chart on tradingview has been XD Back then, I had been only 5 months in BTC, and didn't yet understand the price growth dynamics behint it. It took me a few years to understand how BTC price growth works :)
I think that this is very nicely illustrated and i fully agree that a new bubble must form soon - i'm all in on this one and hope to see some spectacular gains.
I'm only wondering if we will see history repeat itself with the BTC/LTC ratio dropping below 0.01 and then take off like a rocket. I've only been interested in cryptos since the november bubble burst 17th of december, but i see that there are potential for huge gains by a portfolio in BTC that is switched to LTC mid bubble :)
SebastianofMoon
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That is something I keep asking myself also, and honestly I'd go for a history repeat itself in the case of altcoins. Many more people now know how LTC and/or other altcoins behaved during the last bubble. It could become some sort of self fulfilling prophecy. I would not risk however to wait for LTC to drop below 0.01, it might not go as far down this time. No one knows for sure what will happen, but I for one bet on LTC repeating the pattern similar to the last time. I could be wrong of course, but if not, the reward will be great ;)
ChartArt
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That fits 100% into what I see coming.
SebastianofMoon
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Glad to see other people here understand the fundamentals of btc :) Cheers!
I'm only wondering if we will see history repeat itself with the BTC/LTC ratio dropping below 0.01 and then take off like a rocket. I've only been interested in cryptos since the november bubble burst 17th of december, but i see that there are potential for huge gains by a portfolio in BTC that is switched to LTC mid bubble :)