Cryptocurrency Projection, September 25, 2018

Cryptocurrency Projection, September 25, 2018:

June 10, 2018, the technical support on the parabolic move, initiated on July 17, 2017 and established on September 15, 2017, broke down. March 5, 2018 initiated the current technical resistance established essentially on May 6, 2018, more concretely on July 25,2018. The prior technical support now current initiated on March 24, 2017 and established on July 17. 2017. The now current technical support projects the convergence with the current resistance essentially on November 7, 2018 at approximately $6062.95.

The current technical support may retest approximately two more times before the convergence date, approximately on October 8, 2018 at $5813.63, and again on October 28, 2018 at $5993.65. If the technical support penetrates below these points on these dates, the technical support will default back to the prior level of technical support with a significant drop in valuation.

The current technical resistance may retest approximately once more before the convergence date, approximately on November 3, 2018 at $6166.58. If the technical resistance penetrates above this point on this date, the technical resistance will default ahead to the next level of technical resistance with an approximate forward initiation date of May 5, 2018 and establishment date of July 24, 2018, resulting in a meager increase in valuation as it continues along the current technical support toward a new forward convergence date approximately on November 28, 2018 at $6270.29.

If the technical support penetrates below this point on this date, the technical support will default back to the prior level of technical support just previously stated with a significant drop in valuation. If the technical resistance penetrates above this point on this date, a new technical resistance will need to be established, but at this time cannot be approximated, however, speculating according the valuation history and the technical resistance it established, the projection appears likely to return to a parabolic state as the intensely positive fundamental support takes effect over the technical indicators previously in force. The fundamental support at this time has immense institutional vestment which will take effect on either one of the convergence dates.

A new cascade effect chain will then be initiated by a parabolic increase of buying volume and established by irrational exuberance, and possibly along the convergence of global economic fear against national fiat stability. From there, regulatory action must necessarily factor into resistance, however mass global adoption will have been initiated, providing a further upward momentum in the new cascade effect, sometime in 2019. The result will be either a parabolic spike, followed by reflexive correction toward the continued preservation of the then new purchasing power of national fiat currencies, or a global parabolic, paradigmatic effect resulting in the hyperinflation of national fiat currencies, a debt and currency crisis, , deleveraging, and, finally a new globally arranged regulatory verification system for commerce no longer dependent on the legitimacy of available funds, but dependent on personal and corporate identification systems.

The latter result is not likely in 2019, though it is possible. However, the latter result is likely certain to occur within approximately the next four years and normalized within the next five years, concluding the new cascade effect chain. It will be necessary for both globalism and nationalism, and to coexistence of the two paradigms in an internationally regulated economic community.

Originally written Tuesday, September 25, 2018, 18:27:08 UTC

Disclaimer: The material here neither condones nor objects to any particular social, political, economic, etc. perspectives which may or may not underlie the stated observations. These just appear to be the emerging synthesis of a multitude of patterns. What seems to be emerging is here neither hoped for nor hope against, but is just accepted at face value, if it indeed has any value. In reality, the statements here can be incorrect. The reader is responsible for their own evaluation of the material and the actions they take or do not take in response to the information. The blog and author is not responsible for the reader's evaluation and reaction.