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History won't repeat? We hit the meridian.
For some weeks ago their where many charts about how the bitcoin price rally is repeating itself like an
endless loop.
The history repeat is true until it isn't. And I would say we're arrived a point where we can't repeat the last year.
Before I try to explain, with my like an idiot sounding english ^^, I will mention this short chart.
In there I chart the merian of our trendline. The last rises is was't broken and we drive on the red line like it was a route to moon. But is it that? Maybe, but we have broke it what should give us a confirm that the history of price rallys stop repeating here.
The growing timeframe we're in a downtrend mode even give us a next indices. It was from 67 , to 86 to 130d.
Some other points why we can't repeat it in a endless loop.
-the mining reward won't halfed this year.
- ca. 3600 coins were mined every day
-bitcoin is a really interesting project. and it's already all over the media. Which means ppl who are interested in buying bitoins are mostly already in. To get the "rest" in it would need something like massadoptoin
-bitcoin as a currency lost these days lots of trust while ghash.io get 51% (also this was all over the media)
Update:
After some of you see this line I draw a critical I decide to draw a second chart showing even the same but from a different view.
Here it is: tradingview.com/v/1K6fGyRt/
endless loop.
The history repeat is true until it isn't. And I would say we're arrived a point where we can't repeat the last year.
Before I try to explain, with my like an idiot sounding english ^^, I will mention this short chart.
In there I chart the merian of our trendline. The last rises is was't broken and we drive on the red line like it was a route to moon. But is it that? Maybe, but we have broke it what should give us a confirm that the history of price rallys stop repeating here.
The growing timeframe we're in a downtrend mode even give us a next indices. It was from 67 , to 86 to 130d.
Some other points why we can't repeat it in a endless loop.
-the mining reward won't halfed this year.
- ca. 3600 coins were mined every day
-bitcoin is a really interesting project. and it's already all over the media. Which means ppl who are interested in buying bitoins are mostly already in. To get the "rest" in it would need something like massadoptoin
-bitcoin as a currency lost these days lots of trust while ghash.io get 51% (also this was all over the media)
Update:
After some of you see this line I draw a critical I decide to draw a second chart showing even the same but from a different view.
Here it is: tradingview.com/v/1K6fGyRt/
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