//2018’s Bull Run On the Way! A *MUST READ* Analysis

2018’s Bull Run On the Way! A *MUST READ* Analysis

Disclaimer: DYOR and only trade on your own accord. I am currently not invested in BTC or LTC. This is just my opinion.So…I want to tell you why I think crypto’s bull run is about to start from both a fundamental and technical viewpoint. Here we go!Fundamentals:Well, cryptocurrencies are currently undergoing a massive adoption period. Whereas the previous bull run was largely based on speculation and perceived value, this bull run will largely be dependent on use cases. Cryptocurrencies as a whole are gaining media attention every day. CNBC recently had a “Fast Money Goes Crypto” episode, Forbes & Bloomberg have at least one article on Bitcoin a day, I recently saw an IBM Blockchain ad on national television, and Trump even banned purchases of Venezuela’s shitcoin (although this may look bad if someone doesn’t know what crypto is). People are becoming more aware of crypto as a part of everyday life, even if the initial Bitcoin hype-train has died down. Litecoin and several other cryptos have launched payment processors that make it much easier for merchants and retailers to accept cryptos as real methods of payment.Moreover, given the additional attention that the United States’ state and federal governments have paid to the market, crypto has gained legitimacy. A few states have now begun to accept tax payments in crypto, and the SEC has stated it would likely take a “regulate, don’t hinder approach.” Combined with the recent statements from the Congress’ economic report on cryptos, the state of the market is overall bullish.Finally, the largest exchange, Binance, is moving to Malta in an attempt to avoid excessive regulations from the HK government. They have also announced a MAJOR development with possible altcoin/USD fiat pairing in the near future. This is yet another bullish event for all of crypto.Now for the technical analysis…I will be using BTC and LTC charts to further support my points. (I believe these are given the most legitimacy by their exposure and fiat pairing on Coinbase. I am avoiding ETH because I have a few fundamental issues with it.)Bitcoin: https://ift.tt/2I2zu3h see that bull flag on the hourly? It feeds into this inverse head and shoulders. –> https://ift.tt/2pAo8Ns you see that inverse head and shoulders, it feeds into this inverse H&S. –> https://ift.tt/2HX8Cle you see that inverse H&S? It feeds into THIS inverse H&S! –> https://ift.tt/2py0yRu you see that inverse H&S? Look at it again. The neckline forms the resistance line of an absolutely gigantic symmetrical triangle. The lower support line of the symmetrical triangle of the symmetrical triangle is a very long-term support line.So what does this all mean? Bitcoin is all about the fractals! It’s insane how many inverse head and shoulders patterns are feeding into each other, not to mention the huge symmetrical triangle that is forming the neckline. A breakout from the small bull flag in the right shoulder could set off a chain reaction resulting in a ton of successively larger breakouts. Given that these are all bullish formations, this is giving us a STRONG signal that BTC is headed up to possible new ATHs from here.You know what else? A very influential trader named Peter Brandt said that trades really work when all of the timeframes line up. Well, guess what…all of these formations are currently being validated by bullish MACD crossovers across all timeframes! Even the daily chart, which has been stuck in a bearish MACD crossover this whole bear market, recently crossed over in a bullish manner.Further proof: https://ift.tt/2pyRlaC see Litecoin’s chart? THE EXACT SAME FORMATIONS ACROSS THE BOARD! The future of crypto is in the charts, it’s in the symmetry, and it’s all around us.I’ll update as we go. If I’m wrong, I will admit that I’m wrong, but I am highly bullish as of now. We’ve gone through our moon, our retracement, and our consolidation. Now it’s time to start a new chapter in crypto, one of mass adoption. There’s beauty in the charts. Keep an eye out for the breakouts! Good luck all, happy trading, happy HODLing, happy whatever! :)TL;DR: Extreme confidence in bullishness.Update: Seems like there’s always a price drop in the late night/early morning hours. It’s almost like the bears read my post and are intentionally trying to ruin my reputation. Good news is, even if the bull flag is invalidated by the close of the next candle, we still have all of the inverse head and shoulders patterns that tell us a reversal is in the cards.Point of emphasis: If you use TA, you should technically only make a trade after a successful breakout. We still have to see at least one inverse H&S pattern break through the neckline. Inverse head and shoulders patterns are only invalidated if the price on the shoulder extends lower than the head. That being said, a little price drop in BTC does not immediately discount or invalidate all of what I said either. My prediction is that a large bull run will come soon. A small drop is insignificant in the context of what I’m putting out there.

Disclaimer: DYOR and only trade on your own accord. I am currently not invested in BTC or LTC. This is just my opinion.

So…I want to tell you why I think crypto's bull run is about to start from both a fundamental and technical viewpoint. Here we go!

Fundamentals:

Well, cryptocurrencies are currently undergoing a massive adoption period. Whereas the previous bull run was largely based on speculation and perceived value, this bull run will largely be dependent on use cases. Cryptocurrencies as a whole are gaining media attention every day. CNBC recently had a "Fast Money Goes Crypto" episode, Forbes & Bloomberg have at least one article on Bitcoin a day, I recently saw an IBM Blockchain ad on national television, and Trump even banned purchases of Venezuela's shitcoin (although this may look bad if someone doesn't know what crypto is). People are becoming more aware of crypto as a part of everyday life, even if the initial Bitcoin hype-train has died down. Litecoin and several other cryptos have launched payment processors that make it much easier for merchants and retailers to accept cryptos as real methods of payment.

Moreover, given the additional attention that the United States' state and federal governments have paid to the market, crypto has gained legitimacy. A few states have now begun to accept tax payments in crypto, and the SEC has stated it would likely take a "regulate, don't hinder approach." Combined with the recent statements from the Congress' economic report on cryptos, the state of the market is overall bullish.

Finally, the largest exchange, Binance, is moving to Malta in an attempt to avoid excessive regulations from the HK government. They have also announced a MAJOR development with possible altcoin/USD fiat pairing in the near future. This is yet another bullish event for all of crypto.

Now for the technical analysis…

I will be using BTC and LTC charts to further support my points. (I believe these are given the most legitimacy by their exposure and fiat pairing on Coinbase. I am avoiding ETH because I have a few fundamental issues with it.)

Bitcoin: https://www.tradingview.com/x/KH05w6Ln/

You see that bull flag on the hourly? It feeds into this inverse head and shoulders. –> https://www.tradingview.com/x/mQyJpScu/

Now you see that inverse head and shoulders, it feeds into this inverse H&S. –> https://www.tradingview.com/x/ZmyPKYpZ/

Now you see that inverse H&S? It feeds into THIS inverse H&S! –> https://www.tradingview.com/x/yaoFHvea/

Now you see that inverse H&S? Look at it again. The neckline forms the resistance line of an absolutely gigantic symmetrical triangle. The lower support line of the symmetrical triangle of the symmetrical triangle is a very long-term support line.

So what does this all mean? Bitcoin is all about the fractals! It's insane how many inverse head and shoulders patterns are feeding into each other, not to mention the huge symmetrical triangle that is forming the neckline. A breakout from the small bull flag in the right shoulder could set off a chain reaction resulting in a ton of successively larger breakouts. Given that these are all bullish formations, this is giving us a STRONG signal that BTC is headed up to possible new ATHs from here.

You know what else? A very influential trader named Peter Brandt said that trades really work when all of the timeframes line up. Well, guess what…all of these formations are currently being validated by bullish MACD crossovers across all timeframes! Even the daily chart, which has been stuck in a bearish MACD crossover this whole bear market, recently crossed over in a bullish manner.

Further proof: https://www.tradingview.com/x/BmRfYDlX/

You see Litecoin's chart? THE EXACT SAME FORMATIONS ACROSS THE BOARD! The future of crypto is in the charts, it's in the symmetry, and it's all around us.

I'll update as we go. If I'm wrong, I will admit that I'm wrong, but I am highly bullish as of now. We've gone through our moon, our retracement, and our consolidation. Now it's time to start a new chapter in crypto, one of mass adoption. There's beauty in the charts. Keep an eye out for the breakouts! Good luck all, happy trading, happy HODLing, happy whatever! 🙂

TL;DR: Extreme confidence in bullishness.

Update: Seems like there’s always a price drop in the late night/early morning hours. It’s almost like the bears read my post and are intentionally trying to ruin my reputation. Good news is, even if the bull flag is invalidated by the close of the next candle, we still have all of the inverse head and shoulders patterns that tell us a reversal is in the cards.

Point of emphasis: If you use TA, you should technically only make a trade after a successful breakout. We still have to see at least one inverse H&S pattern break through the neckline. Inverse head and shoulders patterns are only invalidated if the price on the shoulder extends lower than the head. That being said, a little price drop in BTC does not immediately discount or invalidate all of what I said either. My prediction is that a large bull run will come soon. A small drop is insignificant in the context of what I’m putting out there.