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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Alts you won't invest in on: October 02, 2019, 08:56:17 AM
Personally I wouldn't invest in XRP and I can advise you to do the same thing. Ripple is centralized, it is owned mostly by big banks and as far as I know it's supply isn't even capped so it can be created out of thin air i any given moment. Probably the best possible strategy is stick to BTC and ETH.
2  Economy / Economics / Re: Hong kong and China war can lead to possible Bitcoin popularity on: October 01, 2019, 08:07:57 PM
An initial opposition to the extradition bill started as a fight and the same has now turned to be a movement of opposition against the communist rule. 1st of October gets celebrated as China's National day, and this time how good the celebrations could be. It has been facing hard criticism from countries around the globe. Hong Kong on the other side keeps on gaining more and more support.

The protest has been taking place for months, and most of the protesters here were under the age of thirty. They keep themselves with perfect preparation to stand against the ruling. Now China has been experiencing pressure from various sides, very importantly it has been facing problems from human rights and finance. To end this is not possible in the short, and as there is financial burst it might affect the cryptocurrency to a very small level.

Media reports from Western channels such as CNBC, CNN and BBC can be biased. What I have observed is that although the protesters remain very vocal and aggressive, there is a large section of the Hong Kong population that wants to maintain good relations with China. And another point to be noted here is that despite all the provocations by the protesters and damage to the public property, till now the cops have not acted in a harsh manner, which is very uncommon for an authoritarian state such as China. That said, I don't think that this ongoing crisis will have a large impact on the cryptocurrency prices. Hong Kong trade volumes are low, when compared to countries such as Japan and South Korea.
Not only they can be biased. They ARE BIASED and most of them are straight up leftists. But besides this digression I don't think that conflicts in china can significantly help bitcoin
3  Economy / Economics / Re: Why the Bitcoin is still down? on: October 01, 2019, 08:04:44 PM
I feel its not over yet for Bitcoin. It may be less than half from its top price, but since there is nothing actually good enough plus popular plus trustworthy enough to replace it.. and general public interest in crypto currencies increases, so Bitcoin should hop to 20-30k soon, and that would be final top price Cheesy I don't even know if I want to be right or wrong about this Grin
Bitcoin will definitely recover but no one can tell how soon it will happen. It could be month or two, it could be a year. The only thing that I am personally afraid is global recession which could start new downtrend for BTC
4  Economy / Economics / Re: Investments with Compound interest. on: October 01, 2019, 07:52:50 PM
I am recently watching videos about investing and financial freedom. I usually hear people like Tony Robbins say that compound interest is such a great thing. It is a wise way to invest your money for a long period of time. I have heard it from several others as well. But I have no idea which investments give us compound interest. I was hoping if you guys know about it and I would be very happy to be educated about it. I am in my early 20s and want to make right decisions for secure and prosperous present and future. I would really appreciate your words and advises. Thanks
Compound Interest is nothing but Interest earned on reinvesting the interest already earned. Sounds complicated?? Suppose you have $100 in your pocket and you decide to invest it into a bank. Bank gives you 8% interest per annum compounded annually. Now, the thing is at the end of first year you would have $110 as you have earned 10% interest. Now you decide to let the money stay as it is and reinvest it. Now the bank would give you interest @10% on $110 because that is your new principal at start of year. So the interest will be $11 instead of $10. This is the compounding effect. This effect grows as the time duration grows. Every investment can give you compounding effect if you don't en-cash your earnings and use it somewhere else. Best investments using compound effect are Mutual funds, shares etc. 
It is not complicated at all but our school system don't teach us how it works. Compound interest is one of the most powerful tools that investors have in their own hands. But I just can't agree with you on shares. The only situation where shares can give you possibility to start compounding is if you're investing in dividend bearing stocks
5  Economy / Economics / Re: What would happen to banks? on: October 01, 2019, 07:45:16 PM
Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.


1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners  would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.


2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.


3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.


4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.


As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive

I agree! What banks need to do is to adopt. Like what you have mention a lot of business are adopting the changes in the society so that they can survive. Banks must apply what entrepreneurs do, they are keep on innovating and upgrading their products base on the society, they are continuosly adopting their environment so that they will not extinct.
Banks don't want to adapt to current changes - their whole business model is built on taking fees from everything that you're doing and interests rates. If banks would allow you to store crypto on your account they wouldn't take fees from you because they can't control crypto networks
6  Economy / Economics / Re: Taxless society idea on: October 01, 2019, 07:42:33 PM
I have idea for discussion.

How it could work Taxless society:

Independent world deflationary money for storing value (bitcoin, litecoin...) in combination with inflationary digital money from central banks valid only limited time to directly spend (buying goods and services) or you can change to deflationary money (store of value).

With transparent view of circulating supply on blockchain for each country (inflation based on growing population, number of new pensions... in last year or some other time period).

Community interests (healthcare, roads, pensions...) can be financed directly from the part of that emission with limited valid time inflationary money on annual base.

The salary received in inflationary digital money from the moment of receipt must be spent or exchanged for some store of value (bitcoin, litecoin...) in 1 year or will be automaticly exchanged for some independent world "store of value" (bitcoin, litecoin...) upon expiration of time (just example).

After expiration inflatory money would not be worth (will be "burned").

What do you think is this can be done to work?

This was hard actually. Tax has benefits to the people and to the whole country. Maybe it will not be worth it if there is corruption in the government but all in all tax are made for a purpose. To sustain the country's expenses and serve as an allowance for healthcare, education, transportation etc. Also, I dont think there are countries that are living without taxpayer's money. Can you state some countries?

From what I've experienced I can absolutely say that public are worse than private. Public healthcare - you have to wait very long time to see your doctor and when you finally see him it could be too late to help you. Public education - poor teaching ethic and bullying young people. Public transportation - delays and unpleasant buses, etc...
7  Economy / Economics / Re: Please, we should not totally eliminate fiat currency on: October 01, 2019, 07:35:47 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Oh well you look so cute while saying this Roll Eyes . So innocent who thinks that we all are walking tomorrow morning towards the President's house and giving our dissent to Fiat forever. Chill Bro don't freak out. No one is going to eliminate fiat in near future. Forget rural, even the urban crowd doesn't knows completely about cryptocurrencies and its usage. Even if everybody gathers around knowledge of BTC. It's hard thinking that we have no fiats because that would be a day when we are also completely forgetting our governments because they are in political supremacy because they can control the finance of their country. Without that they are just puppet ready to be overthrown.
Fiat is needed and will not be eliminated (or at least I hope so). There are still many places where internet or even modern electronics have not reached yet and this places needs FIAT. If someone wants so badly to eliminate it then he should think of consequences of such actions
8  Economy / Economics / Re: How to prevent fraud? on: October 01, 2019, 07:28:52 PM
Billions of dollars are lost every year to occupational fraud or White collar crime. Businesses have been forced into bankruptcy because of fraud. In this day of blurred lines between right and wrong along with an end justify the means mentality, fraud is on the rise. Is your business at risk? Probably so, if you have any employees’, receive deliveries, or have accountants, managers or bookkeepers handle any of your business. To prevent fraud from happening in your company you need to understand the dynamics of this crime.
There are 2 main sources of fraud. The first is internal meaning an inside job usually an employee of the company. The second form is external and this is likely to be perpetrated by an outside vendor or supplier. Most fraud, unfortunately, is an inside job.
The United States Chamber of Commerce estimates that employee theft costs businesses somewhere between $20 and $40 billion per year. As indicated previously not all fraud is committed by employees. Vendors and suppliers can easily scam a business if the right checks and balances aren’t in place and that increases the amount of revenue lost to fraud by a substantial amount.
Who is more likely to commit fraud?
Most fraud is committed by those in the position of authority who have control of information. They are less likely to be questioned. Managers and professionals have the capacity to commit fraud and conceal information relating to it. That, however, does not mean that fraud is not committed by other employees.
Spotting possible fraud ;
The obvious indication is missing funds, but there are other things to look for. Identification of red flags of fraud is the first step in recognizing and stopping fraud. Be aware of the signs an employee might be committing fraud.
These signs may indicate that an employee is perpetrating fraud;
An employee constantly at work, coming in early and leaving late may indicate that something is going on. Be aware that some frauds require constant manipulation of information to remain hidden. If the perpetrator was not at work, the fraud may be exposed
Watch for an autocratic management style that ignores employee complaints or suggestions and discourages criticism of their own actions and their actions are often unaudited.
Key employees having too much control without audit checks
The red flags alone may not be the reason for an employer to take action against an employee. They are, however, cause for scrutiny and further investigation.
Daily there is a very good chance you will read an article in local newspapers about one or more employees caught stealing or unlawfully taking something from their place of employment be it; theft, pilfering, larceny and or outright embezzlement. Every year billions of dollars are lost by businesses nationwide to employee fraud and theft and the number of incidents is rising with small businesses, which usually focus on product development, marketing and sales, are particularly vulnerable.
Businesses can not run properly without its human resources, however, some employees of the company can defraud and with the result of the business suffering losses or even going bankrupt from occupational frauds.
Owners and senior management of small-medium and big businesses have to pay attention to a lot of activities and make a number of decisions each day which may not allow enough time to diligently concentrate on each functional areas, therefore, business requirements to build a solid internal control system to prevent fraud or error.
This system should set out policies and procedures for processing, recording and reporting financial data and securing a company’s assets.
Typically, frauds occur in the following areas;
Accounts receivable — This entails an employee or accomplice diverting customer payments for his own use. This usually involves opening a bank account with a name similar to the company’s name and deposits checks meant for the company in it. Inventory fraud. This involves an employee appropriating business inventory for personal use stealing inventory for resale. This is more common with consumer goods that are small and easy to conceal. In addition to stealing for personal use. Purchasing fraud. High stork businesses are particularly vulnerable to fraud and it is an area that represents the large risk for embezzlement. This usually involves paying invoices to fictitious companies. The employee establishes a fake entity and has it enter into the company’s system as a vendor and then produces invoices from the fake vendor, which get processed. Cash fraud. Company’s cash is an inviting target for fraudulent activities. Employees usually use company checks to withdraw cash directly or pay personal expenses or may skim cash off the top before it enters the accounting system.

About Author:
My name is Janise and I am business coach and zodiac casino flash review writer with 6 years if experience. I want to help people how to manage their business life and their budgets.

Frauds comes in many faces, the government, businessman, schools and a lot more. Nowadays, money is everything which leads lots of people into committing fraud without even sympathizing those who will become the victim. In crypto, ICO scams are everywhere, you cannot fully trust one of it not unless you've carefully read the whitepaper and the background of the people running it. So to avoid it, get more information before risking, it wouldn't be a waste of time for sure.
Probably one thing that that could minimize ICO scams and other crypto frauds would be some sort of government regulations. For example if all of ICOs had to be approved by SEC or other government agency it would be much harder to scam investors
9  Economy / Economics / Re: Financial crisis 2.0 - What will happen to bitcoin in the next crisis? on: October 01, 2019, 07:25:35 PM
As soon as the next crisis will arrive and I'm sure its not far away as the charts point in that direction , we have inflation in most of the countries , price exploded to new highs we will see a BIG movement from FIAT to cryptocurrencies and Bitcoin might be the saver but what will happen with Tether?

Personally I don't see how Bitcoin could save anyone from the crisis and instead we could see bitcoin going again under 3k$ but lets hope this will not be the case as someone said in this forum , bitcoin has 0 volume and its kinda true , without blockchain , bitcoin has almost 0 value which is sad if you ask me considering the current price. Furthermore until crisis come just stack the bitcoin so we will all be ready when it comes.
I think that if next big recession happens then it will hit everything - even cryptocurrencies. There will be too much "blood on the streets" and majority of people will try to cash out as much as possible just like it happend in 08/09 financial crysis where indexes were down about 50% if I remember correctly
10  Economy / Economics / Re: Is bitcoin volatility here to stay? on: October 01, 2019, 07:21:49 PM
Over the past three months, the capitalization of the cryptocurrency market has decreased by almost 40%, and the largest share falls on Bitcoin.  This indicates, first of all, that cryptocurrency users are afraid for their money and get rid of Bitcoin because they lose confidence in it.  Negative feedback about Bitcoin regarding the scaling and relatively too expensive mining, which is becoming unprofitable and inappropriate, is constantly heard.
In my opinion this sudden price movements are not coincidental - it looks like straight up manipulation from group of big players. Negative thoughts about scaling and inefficiency of mining are presents since begining of BTC so this can't have that big impact on market prices
11  Economy / Speculation / Re: Strength of Bitcoin on: September 30, 2019, 10:13:10 PM
The fortitude of Bitcoin will always depend of the people and its users. No matter how good the article might see the future of Bitcoin but without the actual support needed from the users then still it might become weak. We are the pillars of Bitcoin to make it strong.
Well, adoption is starting to look pretty good at this moment - there are many businesses which are accepting BTC and other major cryptos and in many countries you can use bitcoin ATMs to buy or sell crypto without intermediaries  Smiley
12  Economy / Speculation / Re: Market will be recovery current year 2019? on: September 30, 2019, 10:11:18 PM
The market is unlikely to recover this year
But it just came from $3.7k from the beginning of this year and we're now $10.5k so isn't that a great recovery for bitcoin?

We may not see new price highs this year, but due to the strong volatility of Bitcoin, we all have the opportunity to profit by trading on the exchange.
Unless you want to trade P2P.

All time high's for this year, let's not look into it. The recovery that it's showing right now is impressive.
I think he just didn't see price development from the beginning of the year. if you compare it, we will feel that we have wasted the opportunity to benefit from the price recovery that occurred this year.

to date, the recovery in bitcoin prices has passed 100%. the increase can be seen in the price range at the beginning of 2019, which is $ 3700- $ 4000, while the current price of bitcoin reaches $ 8100. although currently experiencing a decline, if we look at the difference in prices at the beginning of the year until now, of course the conclusion bitcoin has recovered, although not as expected.
People are still remembering $20k price range and are looking at bitcoin and thinking that BTC is still - 70% from top. This is missleading but if someone bought at this levels then it is natural for them to compare current price to past highs
13  Economy / Speculation / Re: Facebook’s Libra + Bitcoin + Trump + Israel = 666 Orwellian Dystopia on: September 30, 2019, 10:05:24 PM
Whoa! That escalated quickly... Trump, Israel, Facebook and biblical plagues... Libra and Facebook are pretty bad but don't get carried away by your own fantasies. Orwellian dystopia is not going here any time soon  Smiley
14  Economy / Speculation / Re: Time to buy Bitcoin? on: September 30, 2019, 10:00:22 PM
Bitcoin at a low price obviously the best time for buying. But is it the low price? No one can ensure you what gonna happen in crypto in the next morning. If you feel this is a good time, then buy now. Don't make a quick decision about investment and forget about quick profit at this current situation. If you feel you can hold Bitcoin for a long time, whatever happens, you don't care, then buy now. Soon or later, you will get a good output.
Yeah, the situation right now is totally unpredictable as we can't predict how much low it would get. However, I think 7k$ could be a barrier that could stop it from declining even further. But still, the future is quite uncertain so I must recommend you to take each and every step wisely as only then you'll be able to get a good amount of profit...

Sorry go say, I can't agree with you. Because I think if bitcoin goes for 7K USD, then I will be sure that it will go down further more! Bitcoin needs to bounce back to 9K USD, otherwise, 7K USD can be a bad signal for another bear run. Remember what happened last year.

It will go down below than $8k, and maybe we will see a low price again this time. But I don't expect the price to go lower than $7500 because that will make a panic at the market. Yes, bitcoin needs to bounce back to $9k, but it seems, it's too difficult to break the higher price so maybe we need to calm down for a while. Meanwhile, prepare yourself for another downtrend if it's really happening later.

It is what I've got by watching on Poloniex:



So be careful about deciding you want related to the market. Don't choose the all-in to buy more bitcoin but dividing into many prices placement.
Well I agree to disagree with you. Psychological level 7500 - 8000 dollars is pretty strong and if we managed to hold this than we can expect to start climbing back up to $20k
15  Economy / Speculation / Re: How to predict Bit coin price. on: September 30, 2019, 09:58:40 PM
My friend - if trading and predicting accurate BTC price would be so easy than everyone of us would be riding in their new ferrari. Crypto is too volatile in general and predicting price is almost impossible  Wink
16  Economy / Speculation / Re: Will Bitcoin cross 3K USD this year? on: September 30, 2019, 09:54:29 PM
If you bought it a a very high price than its price now then you must hold, I dont think no one will benefit from selling from a lost I guess. Many people lose their fund due to panic selling, this is thr problem by most. No one can really predict what will be the price of it or the market movement. Analysis some is blur and can't be so accurate.
Holding is best idea whether you've bought at 20k or 2k. Trading is risky and not many people are able to predict price movement accurately to make right trading decission
17  Economy / Speculation / Re: Down below $9k! Buy the dip now? on: September 30, 2019, 09:48:29 PM
Come on guys, it's the simple market correction trying to stabilize the bitcoin price. Once the correction time is over the bitcoin price will grow even higher, bigger and better as well.
It is not a simple market correction - it is clearly well thought price manipulation from some whales. Drops like 20% aren't natural and are caused by highly coordinated market orders designed to trigger stop losses and cause more damage to price which will allow whales to accumulate even more...
18  Economy / Speculation / Re: Can Bitcoin Make it back to $20k ? on: September 30, 2019, 09:45:51 PM
I think everyone is hoping for a bit too much here - I doubt we'll ever see such a huge movement like the old bull run to 20,000.

BTC is pretty stable currently, and during the past year, it's been 20-30 percent around the 10,000 USD mark -and it's probably never going to leave that price range, too many investors now and people have gotten a lot smarter.

Although, could always be wrong - but I love the current market, let's altcoins thrive and BTC is pretty stable.
Bitcoin will definitelly hit it's previous highs. $20k is extremly possible but it needs some time. If you zoom out BTC/USDT charts then you can clearly see that we're in similiar possition to previous BTC crashes which means that sooner or later we will see a new bullish trend
19  Economy / Speculation / Re: I wan't to believe on: September 30, 2019, 09:40:50 PM
I remembered that I read Some of the articles, just forgot to save the link in which is someone saying like this,
"the bottom was December 15 2018, just look at the charts. We are in the bull market, We are currently in the last 3 months
of accumulation stage. After that We will slowly rise and rise. Then We will boom, Screen cap this

April 2019         - BTC5300$
July  2019         - BTC9200$
October 2019    -  BTC16,000$
February 2020   - BTC 29,000$
July 2020          - BTC 56,000$
November 2020 - BTC 87,000$

According to them this will be a 1.5 trillions in market cap.
The dominance of bitcoin will only be 40%-46%
Does the chart never lie? Just trying to get your opinion on this matter.
But honestly, I want to believe on this Smiley
Have a good day to all here. Smiley

Why the chart only showing the growth?isnt it rightful if it’s legit that the downtrend also in the chart?this is total misleading when you only letting people to see what is attractive but not the other side of the market,and showing purely domination .yeah bitcoin will continue to run the market movement but alts will also waiting for the blooming time..but 40%-46%? nope I don’t think that it will fall more than %20 just in a span of 1 year or more.
It is totally biased and full of usual crypto hopium, just like McAfee promise that he will eat his private parts if bitcoin fail to achieve $1mln dollars by the end of 2020...
20  Economy / Speculation / Re: If Bitcoin Repeats History? 5 Part TA Series On Descending Triangle Breakdowns on: September 30, 2019, 09:37:51 PM
Part 1: Descending Triangle Looking Similar To 2018
Part 2: Measuring The Move of the Descending Triangle Breakdown
Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low
Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown
Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario
Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1


Click on images for "live" trading view charts or click here for updated versions



Part 1: Descending Triangle Looking Similar To 2018



Source: Trading View, September 14th 2019

The daily bars of the 2018 descending triangle are starting to match the current 2019 descending triangle . If the bearish breakdown also repeats itself in the same way, then this would be the outcome, continuing on from where the charts fit together. Notice how a similar bearish breakdown would take us to the 200 Week MA, given its current trajectory. This would be long-term bullish if this happened, ie finding support again one year later $2K higher. I'd therefore find it unlikely to return to a bear market, or even continued consolidation (which would both be under the 200 Week MA).



Part 2: Measuring The Move of the Descending Triangle Breakdown



Source: Trading View, September 15th 2019

In 2018 there was an accuracy within 0.25% ($16) of the measured breakdown of the descending triangle . The calculation equaled $3,145 (-48.2%) with the low arriving at $3,129. Based on the 2019 Weekly descending triangle, the measured move of -32% takes the price to $6,410, give or take $16. If this Weekly triangle is breached to the upside I will calculate the Daily descending triangle, that has a reduced measured move.



Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low



Source: Trading View, September 15th 2019

This worst case scenario extrapolates the second half of the 2014 bear market going into 2020 with ATL at $2,500 and new ATH in November 2021, as well as reaching $30,000 within the same year. This assumes a double bottom will form in April 2020 prior to the halving, followed by 1.5 years of accumulation/consolidation, with a new ATH being made 4 years after the 2017 ATH.



Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown



Source: Trading View, September 16th 2019

Bitcoin 2012: Descending triangle breakdown to measured target of -20%. Price consolidated in a tight range between $4.21 to $5.30 after disbelief rally. 7 years later, Bitcoin 2019: Descending triangle with measured breakdown target of -32%. Repeating 2012 suggests a consolidation between $6,415 to $9,420 for 1 year.

The time frames are very different, however the emphasis here is on a BTCUSD descending triangle at the top of a disbelief rally from the bottom of the bear market after a 250% (3.5x) rise. The measured move back then was -20% that Bitcoin achieved. The -32% breakdown target after a 340% (4.4x) doesn't seem unreasonable.


Credit to KaliCrypto for the inspiration.



Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario



Source: Trading View, September 17th 2019

I remind you of July 2017 descending triangle that completely overshot the measured target by around 12%. This is for all the traders who claim descending triangles never break to the downside in bull markets at the top of the trend. Bare in mind this was at the top of a full-blown bull market, after reaching a new ATH and 3.2x from April 2017 low. This was otherwise half way through the 2017 bull market from a 2016 low of $150, so roughly 20x. This is yet another example in the repeating Bitcoin history series to show how they do break to the downside, especially after parabolic bull markets.

The extrapolated breakdown comes to a low of $5,350 (-43%) with a measured target on the Daily descending triangle of $6,875 (-27%). Note this is different to the Weekly descending triangle measured target of $6,410 (-32% see Part 2 above), and is therefore dependent on BTC breaking out of the Weekly descending triangle to the upside, while remaining within the Daily triangle, which isn't a lot to ask for.
[1]

[1] Never happened, BTC broke down from Weekly descending triangle.



Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1



Source: Trading View, September 28th 2019

With the month of September coming to close in the coming days on a Monthly TD Sequential Red 1 price flip, October will be critical as to whether Bitcoin's monthly candle will close as a green 1 to break the sequential correction, or continue with another 6-8 red candles - as has happened in 2014 and 2018 during bear markets. Note that the Monthly Red 1 candles immediately preceding ATH have been excluded, as previously only have led to a 1-4 candle correction.

As intriguing is that 4 years have now passed since Bitcoin's 2014 Monthly Red 1 candle that led to the 2016-2017 bull market. Additionally, the monthly RSI has broken down from 60 (bullish) to neutral territory, indicating scope for a 7-9 candle correction.




If Bitcoin Repeats History?

  • 2012: Breakdown to $6,415 with 1 year consolidation (Part 4)
  • 2014: Breakdown to $2,500 with 1.5 years consolidation (Part 3)
  • 2017: Breakdown to $5,350 with 2 months consolidation (Part 2)
  • 2018: Breakdown to $5,050 with 6 months consolidation (Part 1)
  • 2019: Measured move to $6,410 to $6,875 (Part 2 & 5)

That's a range between $2,500 and $6,875, with anywhere between 2-18 months of consolidation. Conclusion: Anything could happen. Look for clues.

This is probably one of the rarest post that contains some value and good insight on current market situation. Thank you for your effort my friend Smiley
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