November always good for extreme - best and worst performing month in Bitcoin history. Will we see relieve in December?
4th quarter so far the worst in bitcoin history. More to come?
Full Bear market indicated
Valuation: 102 - coming down but still above channel (top at 90).
http://charts.woobull.com/bitcoin-nvt-ratio/
uptrend - but flattening out.
uptrend - but flattening out.
Going down significantly. From 60'000'000 TH/s to 33'400'000 TH/s (-45%) - significant mining capacity was taken offline or reallocated.
7'450'000'000'000 to 6'200'000'000'000 (-17%) Further drop expected to catch up with loss of hash rate.
A scenario of woo bull - just one which resonates with me most. I thought I share it with you guys.
And another scenario from my friend @passion-ground. He put this together quite some time ago as viable option and it seems this becomes reality. Interesting to see that it could match with the scenario of woo bull.