April - October 2017
We saw the initial run up to over $115 B market cap in June and then a decline to just under $70 B from the previous high. We then observed a period of sideways movement for about 4 weeks or so into August. After this sideways movement we then saw the next sustained leg up that pushed us above $177 B market cap. And then we declined to $101 B. Let's keep this pattern in mind as we move to the next chart.
October 2017 - January 2018
Here we observe a prolonged sideways movement with an upward bias, along with volume support. In my opinion, this sideways trend is what we want to see over the next few months to build a nice base of support for the next leg up.
January 2017 - January 2018
But let's also zoom out and see how far we've come. The red circle is the April - October 2017 time frame and it looks like a small bump at this scale. Will 2018 bring similar trends?
As always, this is just commentary and observations. This is not financial, legal, or investment advice.
Hello mate is there new posts coming? It's beena long time
wow yes looking at that graph we have come very far! :)
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