Just wanted to take this opportunity to blockchainify my ongoing short-term predictions for this month. It's all part of my master plan to make a bunch of guesses, hyping up the ones I get right and ignoring the ones I get wrong.

When Bitcoin flagged from $11500 to the $13000 range I thought the market should do what it usually does: get a little choppy and equalize at a price via symmetrical triangle. Once the volatility falls away and the price equalizes usually we'll see another big move up or a completion of the Bart-pattern downward. Given the climate of the market I'm assuming up up up.

Instead what we got was something I'm not sure I've ever seen before. Instead of chilling out the market just decided to throw caution to the wind and keep buying. This upward trend is even more exaggerated when looking at one-day candles instead of 6-hour.

Obviously I assumed this was a super bullish pattern, but you never know when you see something that you've never seen before. In my experience, ascending triangles look bullish, but when they complete, more often than not the price will crash, so I had no idea what to make of this unexpected upward movement.

Now that the market has flagged up a second time to a peak of $16k, we see that traders have returned to their cautious ways. It appears as though we've entered another symmetrical triangle. The price should oscillate around this $15100 level until volatility drops away, at that point the price will be ready to move up or down again. Considering it's no-dip-November, my feelings on the matter are still up up up.

Therefore, I'm going to be surprised if the price doesn't crash a little bit tomorrow or the next day. If we get more buying pressure at this level I think that will signal another hugely bullish indicator. More likely I think something like $14.8k is on the table in the near future. Then $15.3k... as it gets closer to that $15.1k mark.

I still believe we are on track to spike up on November 14th. Expecting to blow right past the $16k-$17k range and straight into the $17k-$18k range... omg so close to ATH. People are going to be freaking out.

Conclusion

In any case, I think all the real fireworks are going to be in December. This is all just a warm up and I don't really care where the price goes, but it's fun to guess anyway.

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