*** Disclaimer: This is NOT TA BUT rather an idea of why Bitcoin could make it to $10,000. This is NOT an official stance on where I think prices will go.***
You can scale the chart by clicking and holding down on the prices on the right.
So this is an out of there idea that is not TA related.
What if we are in a giant mark up phase? It makes sense since after ever "bubble" we see that we never return back to original lows. In mark up phases the lows keep getting lower and the highs even higher. At each "bubble" the peaks are exponentially higher than the last. Lows are also higher. Now the time frame is really off but you get the point.
Now there likely would be many of these "bubbles" that would occur between now and then which is what I have drawn. Eventually we would see classic chart patterns like H&S (Head and shoulder) and double top once prices stop. Yet, there will be at least 2 "bubbles" to distinguish between them. I have done all of these prices in non-log chart. Time periods are going to be a VERY far apart between each rise up. Once at the top a giant accumulation phase would occur which would also include several "bubbles."
Follow the line!
Again all speculation and not my stance on where Bitcoin will go. Just food for thought.
You can scale the chart by clicking and holding down on the prices on the right.
So this is an out of there idea that is not TA related.
What if we are in a giant mark up phase? It makes sense since after ever "bubble" we see that we never return back to original lows. In mark up phases the lows keep getting lower and the highs even higher. At each "bubble" the peaks are exponentially higher than the last. Lows are also higher. Now the time frame is really off but you get the point.
Now there likely would be many of these "bubbles" that would occur between now and then which is what I have drawn. Eventually we would see classic chart patterns like H&S (Head and shoulder) and double top once prices stop. Yet, there will be at least 2 "bubbles" to distinguish between them. I have done all of these prices in non-log chart. Time periods are going to be a VERY far apart between each rise up. Once at the top a giant accumulation phase would occur which would also include several "bubbles."
Follow the line!
Again all speculation and not my stance on where Bitcoin will go. Just food for thought.
