SCENARIO1
WE LOOK AT 6MONTHS OF PRICE DATA
View on the 12 Hr candlestick chart. Shows roughly 6 months of action.
Now , Lets dig deeper
View on the 6 Hr candlestick chart tells us that the converging wedge can break out at a similar parallel breakout we did towards 9000$ and failed at the previous attempt.
This would end the BTC bleeding at around 5800$ and 6000$. We will enter at this position.
Bulk buy guys.
Our first sell targets are now set at 9300$, the silent valley between twin 11700$ hills.
SCENARIO2
WE LOOK AT 18MONTHS OF PRICE DATA
This will give us 1st targets at 8200$ per Bitcoin.
SCENARIO3
WE LOOK AT 60MONTHS OF PRICE DATA
A possible 80000$ per bitcoin. A logarithmic trend that bitcoin has kept up for 5 years now.
Bitcoin hits price of a house. The same as a tulip bulb did 400 years ago. End of story.
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I'll keep the TA coming in and updated