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Thanks Mic!
$6,750 is my guess but I think we can be much higher. We'll be less than 12 month before halving and the price will start moving much more than the current sideways action.
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Well, it's a matter of time before we forcefully break through $4,000 and go on to crush the souls of the bears.
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Apparently yesterday was highest volume on CME ever  Edit: sweet mother of god confirmed. Look at that volume candle.  I wonder if this massive candle had anything to do with the CBOE not issuing anymore contracts? |
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I was waiting for a decision, between bullish and bearish scenarios, since 6h PSAR was close to flip to bullish, and 12h PSAR close to flip to bearish. With this bi-directional spike, both flipped, so no clue how this will unfold...  Where do you think we are compared to 2015? Or do you see it unfolding differently than back then? |
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Sorry lads.
The beatings will continue until morale improves.
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And down we go. Same as always.
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I wonder when will we start to see the affects of this halving. Maybe we already have ?
Which means if the price will go up, will it go up right after the halving ? I doubt so, people will start to buy bitcoin before halving happens which will increase the price and I wonder when will it start, will it start couple days from halving? Will it be months before halving ? Has it already started ? We don't know and I can't wait to find out.
It is too early for any kind of next halving effect, but if we look past halvings in 2012 and 2016 we can see that it affect price, but mostly after halving. For example 2012 halving is start with 12$ per bitcoin, and some 3-4 month after that price was 120+$. Halving is 2016 is start with 650$ per bitcoin, and few months later it was only 750$. Observing these two happenings and their influencing on price we can see that in both cases something big happened 1+ year after halving. In November 2013 price is skyrocket from 135$ to 1100$, and in November 2017 to 10 000$. Coincidence or not I can not say, but my bet on next big pump is somewhere around November / December 2021. What will happen in the period before that is subject to various speculations, but I hope we will not stay in bear market too long time. Bitcoin more than 3x from its 2015 low leading up to halving. Expect something similar leading up to the halving in 2020. |
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Having some difficulty smashing through $3850 and holding it.
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Bleh, but here it is. The clock is running on the new Bitwise & VanEck bitcoin ETF proposals. The SEC's current deadlines are April 1 for Bitwise & April 6 for VanEck. Remember, the SEC can & likely will delay up to three times. The absolute final deadlines to watch are October 13 & 18 respectively. https://twitter.com/jchervinsky/status/1098239189320126464 |
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Time to break out of this wedge.
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This is interesting. Real estate, commodities, etc, markets cycles don't lengthen as they grow in market size.Additional logic for Bitcoin's predictable cyclic behavior: as real estate evolved to be a SoV, its cadence continued to be a solid 18.3 years ever since the late 1700s. RE speculators know this. All trad. assets have a average time cadence regardless of its life cycle.  https://twitter.com/aarontaycc/status/1095245426368770049
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It would be nice to see some follow through with this last price jump.
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Soon bears, soon.  |
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