Saturday, November 7, 2015

Bitcoin's rise is just beginning. But here is why it stalled here, for now. It hit both a node (.75 or -1.0 depending on display choices), and an overhead trendline.

The '1.5' node on one chart and '0.0' node on the other (not shown, graph doesn't go out that far) both represent the same point in time (well into the future), as do the '.75' and '-1.0', where we are now. This rise should get out to a 1.0 or 1.5 node (middle chart) before it's all over and that's pretty far out in time. One caveat though, if governments start abolishing cash, they'll shut this down too. Watch for that, could really end the party early.

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