SUMMARY
On BitcoinLive; daily Crypto updates are made available while also, on demand analysis requests are fast filled. Join us as we have now opened up monthly and quarterly subscriptions. Use this link: https://bitcoin.live?aid=110. Below is an excerpt of a Bitcoin analysis that was posted on BitcoinLive over a week ago and still very valid. Come join us for full access!
This picture could have 10,000 words; but the picture itself should convey much analytics.
If anything, a simple trend following strategy as shown below, would have been the smartest way to hold Bitcoin from 2011 to today. And it'll probably the best "Main Street" way to hold Bitcoin from today to the year 2026!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Hi ! I m thinking about adding a feature for TA on @steem-plus extension (>3,500 daily users).
My first idea is about giving users the possibility to open interactive charts directly from Steemit. What do you think about this? Do you have other ideas?
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Hey now this is a real great idea! I would love that!
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https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections
https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves
https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial
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This would make HODLERS look like geniuses!! Me included... but I do follow your 70%/30% idea!
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And Genius you shall be not too long from now. Not only your kids but your Wife shall respect you for the massive wealth to be enjoyed but also left behind for countless generations to come!
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I think that few could have imagined that the cost of Bitcoin would rise to $ 6,000. You can remain pessimistic, but why then even move somewhere? Let it grow. A few days ago, my son planted beans in sawdust; for a long time she didn’t want to come up, we thought the seed was dead. But, yesterday morning, sprout shoots, today they are already 7 centimeters long. This is one day. I think that one day, waking up in the morning, we will realize that pessimism was superfluous.
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Good analogy! Got a picture of the plant sounds fun!
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Hety pretty cool stuff!!
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BTC will never reach 100k government will not allow it. Sorry
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Interesting. That’s what was said about the internet. That’s what they said about the automobile. When the cars were first put on the road, the government was lobbied by the horse and buggy industry to make the red flag law. Any automobile had to have two persons run 100 meters ahead of it to warn pedestrians of an oncoming automobile. From hindsight, the stupidity of that law is closely tied to the then desperation of the “government”.
Will such stupidity and desperation be any different this time for Bitcoin? Nope!
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I understand your point of view. Im talking about Bitcoin and its price not Blockchain technology.
Banks and government won't let Bitcoin do what it was designed to do.
Juste imagine they decide one day to make Bitcoin illegal.
The market cap is still to small but wen whe get over a trillion alarms will resonate.
If we go deeper into the subject and let say it goes to 100k this would mean that the inflation would look like the one in Venezuela ok maybe not Venezuela but you know what I mean.
100k would be like 20k or 10k.
The technology will survive but Bitcoin will exist until 2032.
By the way 2032 is the year that the west will loose its economic power to asia .
The main reason that Bitcoin had this bullrun is because the Chinese use it to smuggle there money out of China. 80% of terminals where in China at that time.
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Interesting how we all have our own rationales. I try hard to stay away from fundamental analysis or stories or news or events and purely rely on Technical analysis. The reason is because price is the mose immediate reflection of sentiment or mass psychology. This is why I often say that news or events will arrive to justify the forecast. To each its own.
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It sounds like you need to start getting better information. I subscribe the top newsletter focusing on blockchain and cryptos. The global governments will have no choice but to accept it and embrace the underlying blockchain technology that will revolutionize all aspects of our world. In fact many governments are embracing it. The amount of investment and building of incredible blockchain solutions will soon be an unstoppable mega trend. A recent study found that the US banking system alone will save $29B annually with use of blockchain technology. Don't make the mistake of listening to all the negative and bad news out there. While rich people are badmouthing bitcoin, they are at the same time building their positions.
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Blockchain technology yes for sure , bitcoin No
We are talking about bitcoin and its price here thats the topic.
Wen it comes to news lettres they will tel you what you want to hear.
People who joined news lettres in December January February got massacred.
Like the saying goes: Dont just tel me what to buy but wen to buy.
I do suggest to also invest it the blockchain technology itself.
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You clearly have some ignorance you refuse to rid your mind of. I'm a pretty good reader actually. The topic in discussion is pretty darn clear. You make assumptions as well about newsletters. And thank you very much for suggesting to also invest in blockchain technology itself. I would never have been able to make such a conclusion... I'm beginning to wonder where you get your genius from:)
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you welcome!
I wish I could tell you where I get my info from but you would not believe me.
I also realized that wen people have no arguments they use phrases that personally accuses the other person. (It sounds like (you) need to start getting better information.) or (You) clearly have some ignorance you refuse to rid your mind of. or (I'm beginning to wonder where (you) get your genius from:)
Thats ok, no worries and good luck !
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All hail this Bitcoin prediction. I want a few more.
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My Crypto analysis is on BitcoinLive and there much more detail can be found. Mid-day and evening updates are also provided.
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I agree if it breaks up, but if not ...
His analysis of the bitcoin in rounded form is similar to the breaking of the rising triangle of this analysis (still valid) that I made days ago.
Thanks
We are on decisive days ..
What do you think
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This is how I’ve been incorporating the triangle pattern. Yes, in my opinion, there is one more lower low to go towards $5,200 to $4,700.
https://www.tradingview.com/x/akVClWjf/
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Thanks Haejin!
Please correct 2016, 2017 in the Benner Cycle Graphic!
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The first ledger on Bitcoin was Jan 3, 2009. This, the first peak is 8 years later so that was the 2017 peak. The next 9 year will go peak to peak, so that’s 2026.
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I saw an study that it could be hit 1.000k... A crazy study!
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Is it possible for Bitcoin to hit $1,000? Yes.
However, there is a large difference between possible and probable. I believe it’s more probable for $5,200 to $4,700 range for the bottom to take place.
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What would be the price of Steem if Bitcoin reaches a Million?
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$126
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Been following this log trendline since 2011....so important
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And if followed for the next 9 years, the wealth effects could be MAASIVE!!
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@haejin, a most excellent post. Maybe your best. Great analysis, great teaching value. I love when analysts stick their neck out to show some long term projections. Those who choose to put their head in the sand will regret it.
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