theellk

Bitcoin Long Term - 4 year cycle / fractal

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I really need to spend more time before publishing....

Here's is my updated chart after tidying it up, adding a few bits and also a tongue in cheek look ahead to $1,000,000 :)

Bitcoin 4 year cycle, self explanatory chart.
Comment: Also note how the 200W moving average marks the current top, when it reaches the previous top.

To test this, we will need to wait until the end of 2021(ish) when the 200W MA reaches 20k - that should be a key indicator as to when to take final profits.
Comment: This is going well isn't it? :)
Comment: 135 likes!

If you all donated $1000 I wouldnt need this chart :)

But seriously, if you have found this useful, Im happy to take any btc donations. I have 14 kids and Arthur Hayes has all my money.

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Ill be back at Christmas to see if we are at 20k!
Comment: Speechless.

20k at Christmas.
No pullback to 15k (there was a quick snap to 16 but barely)
Now at 40k
All bets are off, this could be at 100k by March.

I'm sensing a serious supply side shortage, (say that when drunk) - Only 900 being mined every day, large institutions buying everything, no concern for price just needing exposure.
Dips of 10% eaten up instantly.
Citibank and JP Morgan etc predicting 200, 300, 500k... 2 years late mind :)

Keep hodling, buy all dips, see you in a quarter.

Comments

Are you from the future?
+5 Reply
theellk WickTrade
@WickTrade, If I was from the future, the last year I would ever come back to would be 2020 :)
+3 Reply
Looking on target for that 20k Dec 2020!
+3 Reply
Spot on , this chart is like gold dust to the crypto community. Perfect road map
Take me to the Rainbow 🌈
+3 Reply
Been following this chart since inception, when to sell now? Very confused.
+2 Reply
theellk chromed
@chromed, Selling bitcoin = buying dollars. Nah. hodl 'til global reserve currency.
Reply
chromed theellk
@theellk, I do agree, but I don't have the luxury of time due to unfortunate circumstances. However I will not cash it all out. I would greatly appreciate your advice.
Reply
This is sexy! I’m a complete beginner, not going to lie. I take it you’re a market analyst, respect, but can we assume this is the results only if trump decides not to go to war with crypto?
+2 Reply
theellk Golems
@Golems, Good lord, Ive almost become aroused at the thought that someone thinks I might be a market analyst, appreciate it man. I 'am' but Ive only been doing it for 2 years and dont even trade, i just enjoy analysing the charts and have a hodl plan. There is literally zero 'professional qualification' knowledge behind any of this, so it should be taken with a pinch of salt, but Bitcoins very structured 4 year halving cycle does seem to (so far) create these repeating fractals, but weve only had 2 or 3 so its only working from limited data. One thing is for sure, markets are just humans, and they have very preictable behaviour - especially in a commodity thats mystical and not fully understood.
As far as a geo political even affecting the price - No, this is just, in my opinion, naturual organic growth for bitcoin over the next few years based on its scarcity and its stock to flow model - (Go to twitter, find @100trillionusd and read all his shit)
If theres a global financial collapse, or ban , or a nation states its using btc - this will all happen in months.
+6 Reply
Golems theellk
I see, your welcome dude lol. yes those two, 4 year cycles are incredibly similar and that would support a third cycle/forth cycle, for sure. However Trump hasn’t been kind on bitcoin recently and I believe India may have band it completely, but then again there may have been criticism 4 years ago, I wasn’t following at that time. The next 6 months will be very interesting for sure. Thanks
Reply
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