JorgeAbascal

JorgeAbascal

Publishing this just for the record.

JorgeAbascal

I'm just experimenting with this idea... and publishing it so we can follow it.

JorgeAbascal

I'm watching these levels close.

JorgeAbascal Updated 

It seems we're in the bottom of the channel now and about to start the bullish cycle again. Let's see what happens.

JorgeAbascal Updated 

And I find curious that its meltdown is stopping in previous resistances. I have the theory that whenever the meltdown is finished, then BTC will grow healthy again.

JorgeAbascal

Just testing a fractal theory. If I'm right, this is the bottom.

JorgeAbascal

So more or less... in a couple of months it would be the best time to buy bitcoin again. Just stay tuned.

JorgeAbascal

Previous resistence has become a major support. If it doesn't break, this is what I believe we will see. I'm bullish af xD

JorgeAbascal

The chart is self explanatory. We need to go deeper in order to go higher.

JorgeAbascal

Today BTC mining difficulty has been retargeted (With an increase of 15%) As you can see here: fork.lol This means that BITCOIN blocks are going to be found at a slower rate and the mempool will reach a new high (More unconfirmed transactions). Every time this happens, BCH soars and BTC plummets. As you can see in the chart, BCH is also forming a dangerous...

JorgeAbascal

Attending to historic resistances, bubble pattern, and the development of the LN (72 of 75 tests passed) this is my most optimistic scenario.

JorgeAbascal

I made this chart just to have a little fun :)

JorgeAbascal

Check this out. My target right now is somewhere between 0.25 and 0.34 btc/bch Official song of this idea: www.youtube.com

JorgeAbascal

I believe we will reach 10k and fall all the way down. What do you think?

JorgeAbascal

In green the correction i feel it's comming

JorgeAbascal

I believe we have to go down, in order to break the red line and be able to go up. IMO this will be the start of the bear trap phase of a gigantic bubble that will go over 25k usd. Let's see what happens. Note: We will touch the red line on the day of the fork.

JorgeAbascal

I think at 30k usd we will reach the top of the channel and the bubble will burst (What bubble? the one we are in). At that time Ethereum will reach the top of it's channel in USD and will be worth ~1000 usd, which means that you will get 0.03 ETH for every bitcoin, which is almost the bottom of the ETH/XBT channel. With the burst, ETH/XBT ratio will go even...

JorgeAbascal

This chart describes what i believe its going to be the bottom. This is the bottom that bitcoin has shown since its inception. Please see related chart