Please watch my video for my perspective and review.
No one likes a downtrend a part from those looking to add more to their investment and increase their position.
I feel that this entire sector has been manipulated by big money not only in 2017 but back in 2013 when we saw the first big push forward towards alt-coins and bitcoin.
The charts actually look very similar.
The differences are that 2017 was 10 x in volume and speed so there is no doubt the 2017 push was significant and a true sign of what is to come.
Get used to seeing these charts and the relevant patterns occur more than once in the future.
I will be stacking all my coins and ensuring my portfolio is in good condition before the end of 2018 to maximise the opportunity.
This chart represents the period for 2017 that indicates the explosion in market capitalisation.
2017 – APRIL to JULY
This chart represents the period for 2013 that indicates the explosion in market capitalisation and shows a very similar path.
2013 – OCTOBER TO DECEMBER – 3 MONTHS
Do the above charts look very similar?
This chart shows the 12 month retracement that occurred over the 12 month period in 2013.
Will we see the same occur for 2017?
NOTE: This is due to the technology being underdeveloped and still in early adoption stage which differs to 2017.
2013/2014 – OCTOBER TO OCTOBER
This chart shows the last 20 days of retracement in 2017.
I feel we may see a retracement of the market for another few months however certain coins will do well based on new developments and advancement in the technology.
2017 – JUNE
I feel we will have a rollercoaster July and August however some coins are going to push forward again to new levels however until we see mainstream uses for the technology the market will grow and retrace a few times yet.
Follow Sebastian – @sebastianjago
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