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Bitcoin future?
Nov 05, 2020 at 16:37
Hi all.
Remember what I’ve promised you last time?
The chart today is only one. The time frame of it is strange even for me but it`s really interesting. It`s a yearly time frame chart. Yes, I know it`s big but Bitcoin is a really long term game so let`s see it.
In this chart every candle is one year. The chart shows the price from 2013 till now. We can clearly see two similar patterns. The first one is from 2013 till 2016 and the second one is from 2017 till 2020. This two patterns are with the same structure and only the sizes are different.
* The first one is a big green candle which is the ATH at that moment.
* The second one is a red candle which is the macro correction.
* The third one is again a green one which is some recovery.
* The fourth one is the most interesting. This candle fully recovers the second one and also break out the resistance at that moment and… yes it leads to the next big green ATH candle.
Guess what`s missing nowadays? Did you get it? The fourth one. That`s why this year close is looking to be important. Right now we`re exactly at the line. We have almost 2 months and the momentum looks good at this moment so it`s very possible to see 100% repeat. The most important is to break out from this resistance level. How far is not so important but there`s two scenarios for me.
The left one is the realistic one (lowest history results and future projections)– closing this year at around $17K and next year an ATH at $100K.
The right one is the mooning one (average to high history results and future projections)– closing this year at around $24,8K and next year an ATH at $640K. Personally I’m not a fan of the moon one simply cuz if we close this year at $24,8K this will be an ATH by itself. There`s no sense of this and it`s ruing the model at some point.
Interesting right? I think yes so the only thing that I can say is: Merry Christmas and Happy New Year, fellas!
That`s all for now.
See ya next time.
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momchil_slavov@
Member Since Apr 09, 2019
516 posts
Nov 05, 2020 at 16:51
Fascinating stuff! Certainly exciting times for BTC HODLers at the moment
If you can't spot the liquidity then you are the liquidity.
Member Since Jan 20, 2020
2 posts
Nov 07, 2020 at 03:09
$10,000 would be a great buy zone...!
Never invest more at one time than you would spend on a weekend of strippers and blow...
Member Since Jul 20, 2019
338 posts
Nov 10, 2020 at 15:43
marco_mmbiz posted:
BTC seems strong over the 10k level. But it's still not a safe one...
Another one of my own thoughts from earlier today:
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patience is the key
Member Since Jul 20, 2019
338 posts
Nov 17, 2020 at 13:11
marco_mmbiz posted:marco_mmbiz posted:
BTC seems strong over the 10k level. But it's still not a safe one...
Another one of my own thoughts from earlier today:
17k are hit. Now, let's have a look what will happen next. I just threw some arrows onto the chart again. We'll see...
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patience is the key
Member Since Jul 20, 2020
286 posts
Nov 18, 2020 at 02:23
Adribaasmet posted:
I think; 2019-2020 will be same as like 2018; I mean no impulsive move; then 2021-2022 will be for the buyers only.
I agree with you.
Member Since Jul 20, 2019
338 posts
Nov 18, 2020 at 15:27
We already hit 18k USD today. It seems that we'll now get the long-awaited correction before the end of the year (my arrows might not be 100% correct on the timeline):
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patience is the key
Member Since Jul 19, 2020
283 posts
Nov 18, 2020 at 17:37
Crypto market is very risky market. You need to be very careful if you are thinking to invest in this market.
Member Since Jul 20, 2019
338 posts
Nov 24, 2020 at 12:36
Now we also hit the 19k mark, I think this will go up to the old 20k mark before making any huge adjustment to the downside.
I just changed my arrows again (they still might not fit to the timetable):
I just changed my arrows again (they still might not fit to the timetable):
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patience is the key
Member Since Jul 20, 2019
338 posts
Nov 27, 2020 at 16:01
So, we went nearly up to the all-time high. Now back to some consolidation (those arrows might still not really fit 100% here):
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patience is the key
Member Since Jul 20, 2019
338 posts
Dec 16, 2020 at 14:00
The 20k mark is broken now. It seems he's not wanting to come back anymore. Nevertheless I threw some arrows onto the chart again:
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patience is the key
Member Since Jul 23, 2020
816 posts
Dec 16, 2020 at 17:29
Bitcoin is kind of safe heaven right now. Still, investor should careful for some draw back.
Member Since Jul 20, 2019
338 posts
Dec 22, 2020 at 14:39
Just another zoomed out view with some arrows and lines. Next goal could be 30k (and 40k later):
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patience is the key
Member Since Feb 12, 2020
14 posts
Dec 22, 2020 at 15:22
I think there is no point in investing in bitcoin now. Those who want to buy it should wait until it rolls back to more acceptable prices.
Member Since Jul 20, 2019
338 posts
Dec 23, 2020 at 12:18
Mariusz54546 posted:
I think there is no point in investing in bitcoin now. Those who want to buy it should wait until it rolls back to more acceptable prices.
How long you want to wait then? 😉
patience is the key
Member Since Jul 20, 2019
338 posts
Jan 06, 2021 at 10:02
All-time high above 35,7k, now waiting for new possibilities to enter again (arrows and lines might still not fit with other charts):
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patience is the key
Member Since Jul 20, 2019
338 posts
Jan 13, 2021 at 09:32
Some possible scenarios that no one can really predict (some arrows and lines might still not really fit to the timeline):
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patience is the key
Member Since Jul 20, 2020
385 posts
Jan 14, 2021 at 12:40
momo3HC posted:
Hi. Let`s talk about bitcoin and it`s future. What are you thinking?
So tough to tell but it has rebounded nicely and back above the 38k range
Jan 20, 2021 at 08:20
(edited Jan 20, 2021 at 08:20)
Indeed, more and more sites accept bitcoin payments. And since I mentioned it, what are the best bitcoin payment gateways? I came across this article and wonder if you can recommend something from your experience.
