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Author Topic: My Best Bitcoin Chart Ever  (Read 244 times)
ImThour (OP)
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November 07, 2023, 10:30:40 AM
Merited by hugeblack (10)
 #1

Hi everyone,

I was going through the Ideas I posted on Tradingview in 2022 Bear Market and this is the best Chart I ever made with the most accurate prediction.
In April 2022, I called for Bitcoin to touch this support trendline in Nov/Dec 2022. And guess what? That's what exactly happened.


https://www.tradingview.com/chart/BTCUSDT/u3AjxvVT-BTC-EOY-Target/

And if you want to know my future prediction, it's of $178,000 in Oct-Nov of 2025. Do not sell. All the best!  Wink
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November 07, 2023, 11:07:50 AM
 #2

And if you want to know my future prediction, it's of $178,000 in Oct-Nov of 2025. Do not sell. All the best!  Wink
I did not use chart, but I used decreasing volatility. If the last all-time-high was $69000, multiplying it by 3 make it $207000. If we should guess that bitcoin will increase to $170000 or not, I will guess that it would as the volatility is not up to 3x. I calculated that bitcoin will increase to almost $170000 or a price that is slightly above it.

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November 07, 2023, 02:01:32 PM
 #3

I was going through the Ideas I posted on Tradingview in 2022 Bear Market and this is the best Chart I ever made with the most accurate prediction.

Don't take it as an attack, but the first question that comes to my mind is "how many of these predictions were there?"
Because if you drew a chart every day, it's quite possible that one of them was accurate, and that doesn't mean that you suddenly become a trading guru and the prediction "$178,000 in Oct-Nov of 2025" is worth anything
especially since it seems to ignore everything except 1 parameter which is Bitcoin's halving cycles.
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November 07, 2023, 05:38:02 PM
 #4

Bitcoin has always and will probably always run on a 4 year cycle. You don’t need fancy charts or trading methods. Historically speaking you just needed to buy in 2011, 2015, 2019, 2023, and sell in 2013, 2017, 2021, & soon 2025. It isn’t brain surgery and there’s no need to try and overcomplicate it. It really is that simple.

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November 07, 2023, 11:45:55 PM
 #5

Your prediction doesn't look realistic, because going by your prediction it means Bitcoin will be doing x400 or more which I can't remember Bitcoin doing such within such short period in it's last four years trading cycles.

It's normal to be right with your predictions at times but when you exaggerate it too much it most likely don't turn out right or in your favor so it's safe and better to keep your prediction and expectations within a possible range where it could actually happen, it's better it exceeded your prediction than it never getting to it and you turn out disappointed. 50k- 80k is something achievable by BTC within the said time frame, keeping your predictions in ranges like the one I just mentioned above also plays out well too.

This isn't an attack but my view about your post.

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November 08, 2023, 01:40:39 AM
Merited by hugeblack (10)
 #6

Bitcoin has always and will probably always run on a 4 year cycle. You don’t need fancy charts or trading methods. Historically speaking you just needed to buy in 2011, 2015, 2019, 2023, and sell in 2013, 2017, 2021, & soon 2025. It isn’t brain surgery and there’s no need to try and overcomplicate it. It really is that simple.

I disagree with this.
We see a reward to fee ratio changing bigly.

2009-2012. daily rewards  7200 btc daily fees  40 btc
2013-2016  daily rewards  3600 btc daily fees  47 btc
2017-2020 daily reward    1800 btc daily fees  22 btc got lower due to LN
2021- now  daily reward      900 btc daily fees 36 btc
2025......... daily reward.     450 btc
2029........ daily reward.       225 btc
2033......... daily reward.      112.5 btc
2037........ daily reward           56.25 btc   should be equal to fees
2041....... daily reward

these ratios are changing.

by 2037 or 2041 they will be equal  and this will be the end of the 4 year cycle

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November 08, 2023, 02:14:38 AM
 #7

Your prediction doesn't look realistic, because going by your prediction it means Bitcoin will be doing x400 or more which I can't remember Bitcoin doing such within such short period in it's last four years trading cycles.

Can you tell me which part of the chart states that bitcoin should be doing a 400x? Because OP literally said his prediction was $178,000 — which is only a decently-realistic 5x from current prices. I think the chart only shows the bottoms, not the tops.

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November 08, 2023, 08:55:59 AM
Merited by ImThour (2)
 #8

I think you need to create a "Didn't I Tell You Again" series.

Because if you drew a chart every day, it's quite possible that one of them was accurate, and that doesn't mean that you suddenly become a trading guru and the prediction "$178,000 in Oct-Nov of 2025" is worth anything
especially since it seems to ignore everything except 1 parameter which is Bitcoin's halving cycles.
@ImThour has made predictions for the past two years on the forum and you can search his post history. This user shares his experience and I think his predictions are good compared to the real price, or at least what he does is based on technical analysis and not just speculation or false guessing. I hope he continues doing this for as long as possible.

by 2037 or 2041 they will be equal  and this will be the end of the 4 year cycle
Can you guess an approximate price for this? Will it be $600,000 or less?

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November 08, 2023, 10:46:45 AM
 #9

$178,000 in late 2025 will do nicely. If history repeats then this seems like a correct timing for the ATH, before entering the next bear market. This would align with diminishing returns also as $178,000 is less than 3 x  the last ATH of $69,000. I think we will all be happy if $178,000 happens in 2025 though.

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November 08, 2023, 12:58:03 PM
 #10

This type of scenario in price prediction tends to play out sometimes in technical analysis, but in rare cases especially when you zoom out into the future price, that is using the higher time frame precisely the weekly and the monthly chart, and not with the noisy time frame because they don't determine the direction of the trend or market in the long term. There are a lot of indicators now about the price of Bitcoin pointing toward the upper direction and this your chart analysis has also supported or suggested the same.

We are expecting and patiently waiting for the main event.

R


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November 08, 2023, 01:36:21 PM
 #11

Your prediction doesn't look realistic, because going by your prediction it means Bitcoin will be doing x400 or more

I wish you knew how Math works. I am calling for a price target of $178,000. That is 10x from the bottom of Bitcoin Price in 2022 and nearly 5x from the current price.
Where did you make this 400x calculation from? I can't understand the logic behind that.

And if you wanted to use the % sign, then your whole comment is totally wrong.
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November 08, 2023, 04:34:15 PM
 #12

I think you need to create a "Didn't I Tell You Again" series.

Because if you drew a chart every day, it's quite possible that one of them was accurate, and that doesn't mean that you suddenly become a trading guru and the prediction "$178,000 in Oct-Nov of 2025" is worth anything
especially since it seems to ignore everything except 1 parameter which is Bitcoin's halving cycles.
@ImThour has made predictions for the past two years on the forum and you can search his post history. This user shares his experience and I think his predictions are good compared to the real price, or at least what he does is based on technical analysis and not just speculation or false guessing. I hope he continues doing this for as long as possible.

by 2037 or 2041 they will be equal  and this will be the end of the 4 year cycle
Can you guess an approximate price for this? Will it be $600,000 or less?

I have my methods mostly using mining as a foundation that acts to stabilize the lows of btc price.

if you use satoshi's watts turn into wealth concepts. sha-256 mining of BTC is about 15 usd in coin for 84 kwatts or  17.85 cents in earnings for a watt of power if you have the best gear the Bitmain s21

scrypt is $12.60 for 74.40 kwatts or 16.93 cents in earning for a watt of power. Using the L7

My gold standard is cents earn per k-watt spent.

now above it looks like BTC is better but btc is facing a 1/2 ing soon and I used a new piece of gear the s21 which is not really available and scrypt had its 1/2 ing and I used an older piece of gear which has been around for years.

So the standard of cents earned per k-watt favors scrypt not btc.

Its only 1 factor but to the huge miners with 20 megawatt farms or more they look at this shit.

so there is a pressure on BTC and sha-256 mining from LTC/Doge scrypt mining

to me as a miner my fix for this is own both L7's and s21's

It's different for a buy and hold guy. I keep pushing BTC in the short term by that 1-10 years.

But 10-30 years LTC/Doge looks better.

I still think we could see a very surprising uptick this cycle for btc maybe 500 k by dec 2025.

But in the future 2032-2042 I see miners shifting to Ltc/Doge

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November 10, 2023, 11:26:29 PM
 #13

Hi everyone,

I was going through the Ideas I posted on Tradingview in 2022 Bear Market and this is the best Chart I ever made with the most accurate prediction.
In April 2022, I called for Bitcoin to touch this support trendline in Nov/Dec 2022. And guess what? That's what exactly happened.


https://www.tradingview.com/chart/BTCUSDT/u3AjxvVT-BTC-EOY-Target/

And if you want to know my future prediction, it's of $178,000 in Oct-Nov of 2025. Do not sell. All the best!  Wink
I would say congratulations because you predicted well the market. But I believe that the chances of our predictions in the market are very low. I know trendline support and resistance are also working but in my observation it's not have the same effectiveness with horizontal support and resistance. And about your next prediction of Bitcoin, I don't really believe that it will happen since Nov 2025 is so far. But I still hoping that your prediction will happen and I hope to see this thread again right after 2025.
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November 10, 2023, 11:31:28 PM
 #14

While, I'd like to congratulate you for having that accurate prediction because we don't get that a lot.

And if you want to know my future prediction, it's of $178,000 in Oct-Nov of 2025. Do not sell. All the best!  Wink
This is what I need now. I'm trying to hold and don't want to get some profits right now although for some reasons, it's making myself think that I should get at least a few from the current situation of the market.

2 years from now, that's all I have to wait?  Tongue

But it is also possible that we get more and pass that price.

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November 11, 2023, 02:00:01 AM
 #15

While, I'd like to congratulate you for having that accurate prediction because we don't get that a lot.

And if you want to know my future prediction, it's of $178,000 in Oct-Nov of 2025. Do not sell. All the best!  Wink
This is what I need now. I'm trying to hold and don't want to get some profits right now although for some reasons, it's making myself think that I should get at least a few from the current situation of the market.

2 years from now, that's all I have to wait?  Tongue

But it is also possible that we get more and pass that price.

So you're planning to take some profit right now? With that relatively small increase of the price, you're already planning to sell your Bitcoin? I guess it's too early.

Indeed the price has already doubled since 1 year ago, but to have your worth double is a very low goal. We're still even halfway to the latest recorded ATH.

And then why now when the halving hasn't taken place yet and its effect on the price isn't felt yet? Why now when large institutions cannot yet invest in a Bitcoin spot ETF in the US?

I think this isn't the perfect time to take profit. On the contrary, this is the perfect time to accumulate.
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November 11, 2023, 11:08:06 AM
 #16


And if you want to know my future prediction, it's of $178,000 in Oct-Nov of 2025. Do not sell. All the best!  Wink

Thanks for this, it's also what I have been seeing in my own chart as well a peak price of $180,000 but I don't what to let everyone knows about it. Not that I don't what to, but maybe I will be bashed by members,  Grin

But in any case, you as a very good technical analysis and we have the same price, then it just validate that the chances is good to see that price in 2025 peak and it could be our all time high.

So yeah, with that in mind, I wouldn't sell my stash and continue to save and accumulate as much as I can.

R


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November 11, 2023, 06:13:52 PM
 #17


And if you want to know my future prediction, it's of $178,000 in Oct-Nov of 2025. Do not sell. All the best!  Wink

Thanks for this, it's also what I have been seeing in my own chart as well a peak price of $180,000 but I don't what to let everyone knows about it. Not that I don't what to, but maybe I will be bashed by members,  Grin
Although $180,000 seems like an exaggerated price, we might get there, but even if someone tells you that the price will touch that level, you will sell at that point, and approximately less than 5% of traders sell at ATH so personally I would sell 10% to 30% in my price range between 120k to 150k (will change depend on bitcoin price) and I will accept any increase above that as a future selling point as I plan to keep Bitcoin for a longer time so trying to determine ATH in my opinion is not as important as determining the price range that Bitcoin can reach.

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November 11, 2023, 08:31:43 PM
 #18

$178,000 in late 2025 will do nicely. If history repeats then this seems like a correct timing for the ATH, before entering the next bear market. This would align with diminishing returns also as $178,000 is less than 3 x  the last ATH of $69,000. I think we will all be happy if $178,000 happens in 2025 though.
The said price is not that far from $100k so I think I can also agree with that. As for the $100k that I mentioned earlier, many are optimistic about it that it will occur next year. It can be before, during, or after the halving. History truly can repeat if there is a halving because the event is already proven to give a positive impact on the price of BTC and other cryptos. Once we surpass $69k, it is already considered as ATH.

And for us to have another/new ATH we will only need to surpass the previous ATH again. ATH or a bull run will always occur before a bear market takes over because that is how this market and other financial market works.

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November 11, 2023, 09:02:43 PM
 #19


And if you want to know my future prediction, it's of $178,000 in Oct-Nov of 2025. Do not sell. All the best!  Wink

Thanks for this, it's also what I have been seeing in my own chart as well a peak price of $180,000 but I don't what to let everyone knows about it. Not that I don't what to, but maybe I will be bashed by members,  Grin
Although $180,000 seems like an exaggerated price, we might get there, but even if someone tells you that the price will touch that level, you will sell at that point, and approximately less than 5% of traders sell at ATH so personally I would sell 10% to 30% in my price range between 120k to 150k (will change depend on bitcoin price) and I will accept any increase above that as a future selling point as I plan to keep Bitcoin for a longer time so trying to determine ATH in my opinion is not as important as determining the price range that Bitcoin can reach.

That's a good strategy indeed, I think for the majority like you and me, we can take profits at a step and not just sell everything on one sitting. Also because it hard to time the market as well as what will be the ATH for the next bull run, it could be anything from $100k-$180k, but who knows.

So I have this method or plan in the next bull run, continue to accumulate as much as I can and at some point, will have to sell to make some profit and then the cycle continues. But let's see how's the OP prediction will be, great to see someone sharing his own technical analysis and it's up to us whether we want to believed him although we all know that being in this market for at least 5 years, it's not a financial advise coming from the OP.

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November 12, 2023, 12:15:36 PM
 #20

$178,000 in late 2025 will do nicely. If history repeats then this seems like a correct timing for the ATH, before entering the next bear market. This would align with diminishing returns also as $178,000 is less than 3 x  the last ATH of $69,000. I think we will all be happy if $178,000 happens in 2025 though.
The said price is not that far from $100k so I think I can also agree with that. As for the $100k that I mentioned earlier, many are optimistic about it that it will occur next year. It can be before, during, or after the halving. History truly can repeat if there is a halving because the event is already proven to give a positive impact on the price of BTC and other cryptos. Once we surpass $69k, it is already considered as ATH.

And for us to have another/new ATH we will only need to surpass the previous ATH again. ATH or a bull run will always occur before a bear market takes over because that is how this market and other financial market works.

I could see that happening in 2025 and I can't be sure about 178k$ but I do see Bitcoin over 100k$ without any doubts. For 2024 , I think Bitcoin will test a lot new price areas and that will shake a lot of investors out as the volatility on the next bull run should be insane ( ups and downs with 5-10k$ swings will be absolutely madness and I can't wait ) and if this happens , 2025 will bring a legendary run for Bitcoin.

True , once we go over 69k we already in ATH and Bitcoin could stop there and I think a lot of us would still be happy with the run. That's why I do think 2024 will be the year where Bitcoin will test ATH and won't hold it for much but that will be just a warming for what is to come.

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