That is some crazy numbers isn't it. I was looking at my tradingview updates, and one post by tradingshot came out.
For the full details, just click on the image source from above. If this fractal is to follow a similar path, that means we are actually gonna be in around September of 2017. By the way, this is just my own opinion and my own thoughts, not financial advice.
The recent dump was quite a dip and a discount not to be missed. I initially felt that, by year end we were gonna hit 100k instead of an earlier time. However, in December when I saw prices getting to 42k for Bitcoin from 20k, within weeks, I made some adjustments to my own timeline and set it at September where we could hit a blowoff top.
From my own analysis, the big dip was planned in May but it came in February. The day from December 24th when Bitcoin broke the 20k previous all time high till today, has been a rough but fun ride.
Hypothetically, if May is indeed the time when Bitcoin does hit a new all time high of around 100k to 150k, it would put that at the end of the bull market for this cycle. Then, a couple of months from the blow off top, it would be great to accumulate along the way till we go on another bull run again.
I never expected Bitcoin to reach 58k so fast. It is like riding on a really really super duper fast train and while your in it, you can literally feel your guts moving in all directions like how a blender would do.
Do you think Bitcoin is going to ride up to 100k by May? Or could this Bitcoin ride go even higher to 250k USD this time? and is going to last till December? If it does go to a 100k by May, I am going to take out 75% of the total porfolio, leaving 25% by then. Fingers crossed. We are ascending Mount Everest and it won't be easy.