Here is the chart hopium that you need showing how #bitcoin could realistically reach 100K within the next few months, and will likely go much higher with a cycle top of 180 to 280K.
Let us start off with the stock to flow model for BTC.
This model shows BTC at 135K by December. (Worst case)
This model shows BTC at 135K by December. (Worst case)
If we consider the lengthening cycle and diminishing return theory then we could see Bitcoin going up to 200K for a blow off top for this cycle sometime in late 2021, but more likely early 2022.
Not possible you say? Well those percent gains are exactly what happened last 2 bull runs.
Q4 2013 and 2017 both had rallies in excess of 300% the mid cycle highs. If we assume same results then that gets to closer to 280k, if we assume diminishing returns then 200k.
Q4 2013 and 2017 both had rallies in excess of 300% the mid cycle highs. If we assume same results then that gets to closer to 280k, if we assume diminishing returns then 200k.
In the 2013 and 2017 bull runs the RSI for BTC had a double peak both times over 90. This cycle has only had one.
This basically coincides with the previous post regarding the end of cycle pump percentages.
History doesn't repeat, but it sure can rhyme.
This basically coincides with the previous post regarding the end of cycle pump percentages.
History doesn't repeat, but it sure can rhyme.
The current pattern for BTC compared to gold from the 70s is spookily accurate so far!
If this digital gold follows gold then again we are looking for a top over 200k.
If this digital gold follows gold then again we are looking for a top over 200k.
https://twitter.com/TechDev_52/status/1444815214856261635
There are a dozen more charts I could show which indicate that we have yet to see the blow off top for this market cycle.
But if the above isn't enough for you and you are still bearish then nothing will change your view IMO.
But if the above isn't enough for you and you are still bearish then nothing will change your view IMO.
Can I be wrong?
Of course.
But here is the truth, even if I am wrong on the time frames BTC is still going to 6 digits. You can doubt and miss the train, or believe and be on the train. The choice is yours.
Of course.
But here is the truth, even if I am wrong on the time frames BTC is still going to 6 digits. You can doubt and miss the train, or believe and be on the train. The choice is yours.
BTW I have only discussed BTC because it is the king of the market, but likely best time to get out of altcoins will be 2 to 3 weeks after BTC peaks. This is how it played out in 2017.
10X to 100X gains will be happening everywhere for a few weeks.
10X to 100X gains will be happening everywhere for a few weeks.
Remember at some point the music will stop. Don't be caught dancing naked by yourself holding a stinky fish.
Take profits on alts!
I remain bullish on all of crypto for this decade, but a bear market can be brutal.
Have a plan!
Take profits on alts!
I remain bullish on all of crypto for this decade, but a bear market can be brutal.
Have a plan!
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