When monthly RSI falls at least to the half of the violet zone and stays there for some long time; when all market is exhausted of 1.5-years relentless down race; when all forget about BTC as a money; only then the new shining rise will show up. Show just started, guys. Your TAs based on daily metrics are waste of time. Think years.
@andrewmarcus, yes, still hilarious. Your prediction says it will take nearly 3 years to reach 13K BTC again. You're comparing a time when the market cap was between 9 billion and 16 billion dollars vs now.
That's the hilarious part.
andrewmarcus
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@kitkat16, frankly, I have no knowledge in TA and made this "prediction" not based on any analysis. So I hope you're right and this is hilarious chart. Still, below 6k now and the chart goes somewhere along that parabola I painted for 5 months. Monthly MACD is just starting crossing blue line over red line. Many bad news about that USDT investigation. Don't you think BTC will not repeat the 2013 situation? Alright, not for 3 years. For 2 years, for 1 year?
andrewmarcus
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@kitkat16, hi there. I'll ask you once again in a while.
@andrewmarcus, Hi, you were completely right. at the time I was a newbie who had no idea ( I thought I did because I got lucky with some shitcoins). I actually slowly came around and got some BTC at 3500 (following smartcontractor on Twitter gave me that bearish idea about the 6K support wall blowing through).
So yeah, at around 8k I joined the bears and got yelled at by everyone too.
My apologies and well done on great analysis.
consistencia_oficial
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@kitkat16, ahasdhahdshasd rs o Andrewmarcus was right! I'm studying the btc cycle and when I saw andrew's post, I was impressed. When I say that btc will drop to $13,000, no one believes it.