Hey Steemians, couple of weeks ago i shared this post One of the most underrated charts. Heading to 1.5T Consider checking that out.
Well the analysis was done on Linear scale and if do the same on the log chart we can see something even more awesome. Im still bullish on crypto & bitcoin as always. yea past few days were hard but look at this; total marketcap log chart of the past 1 year and how beautiful this looks.
I didnt realize it until @alvalvaro made a comment on @bulleth blog post
That was the chart of the previous 1 whole year and we are just about to to hit the trend support, we may go down to 400B range in total marketcap only to go way past 1.5 Trillion. Only this is, how long the sideways consolidation will last before we finally take off.
Cheers guys hope you find this helpful and i guess we have our hope restored just in case anyone was doubtful. Keep HODLING.
Bitcoin : 1EDEU9A9D1pJYGkM8JaEEUgdH7U8yUNeXp
ETH & ERC 20 tokens: 0x277be3fe5b9b6fed7eff380bff320f9c1caf69a2
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awesome that you found and liked my chart!! In my opinion the crypto market now will rise slowly but steadily, like it dit from mid september to mid november, before it will break out again just before summer. What do you think?
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Hey man yeah, that was beautiful perspective. We could have this consolidating and i guess May would be the next bull. Multitrillion $ market, just need to hang in for a while, we are still very early.
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That is very true!
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At least your post restores hope to investers & traders N
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Awesome post. But I doubt if traditional price chart analysis really works in case of cryptos. A simple news / announcement (or even rumor) regarding bitcoin completely disrupts the price movement. Your thoughts?
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Yea i get that mate its more on the news part. re-branding, partnership, new team superstar member,updates or as you said even rumors could mess up everything and TA wouldnt matter much in such a case. But thats when they make the real money 'sell the news' lol. Not many good news coming up these days expect for the bans and stuffs lol.
But when we zoom out and check the chart above for instance, it gives a reassurance that we are still safe and almost ready to take off...:)
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Well said.
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Awesome analysis. Was worried as the market was running red.
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the chart its beautiful actually :)
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Any one knows why steem backed dollars are fucking going down for no reason? Will it ever reach 12$ again?
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SBD was supposed to be pegged to USD1, i guess its going to $1 probably lol. Not sure though, much talks about this going on currently in the community. check this out
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Good video, good luck
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Cheers :)
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👏👏👏👍
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Yeah I'm confident about 2018
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I am sure mcap will easily reach 1-2 T this year .
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Steemed Backed Dollar is going down day by day why so ? we need a increase
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