BTC 4 Year Cycle with TA giving 40k @ Xmas 2023 - 220k Sep 2024
Before I start a couple of Historical Teasers:
BTC is Finite in Volume - 21,000,000.
BTC has transitioned from a little known FAD, scam, criminal entity with no value to one of a globally recognised and trusted P2P currency with with huge potential for storage of value (Digital Gold).
Everything is going Digital and that includes all currencies.
This chart speaks volumes from a technical analysis point of view with the following indicators being highlighted:
1 - "The Trend is your Friend" - Light Blue ATH & ATL Trend Lines.
2 - Four Year Cycle between Peaks. Light Grey Sine Wave.
3 - Trend Crossing Channels (Trends). Lime Green Lines with angle of ascent in Blue.
The ATH & ATL Trend Lines are important as to break through one indicates serious change. Whilst this may seem obvious it is important to note that the longer a trend line the greater its strength. For BTC to go below the ATL Trend Line would require a very serious (Global?) event to occur.
On a long term basis, successful quoted instruments will often traverse from the ATL Trend Line to the ATH Trend Line in rapid steps followed by a lengthy period of horizontal steps until it reaches the next ATL Trend Line point. (There are obviously fluctuations during this period).
BTC IMO is starting it's 3rd Cycle (Transition) from the ATL Trend Line to the ATH Trend Line. If correct we will see 40K by Christmas this year (23) and 220k by 9th September 2024.
And if the above TA isn't enough just look at where we are outside of TA?
We're talking Inflation, Wars, Spot ETFs and so on.
40k by Xmas 220k by Sep 2024 - Love to All and Peace on Earth.
BTC is Finite in Volume - 21,000,000.
BTC has transitioned from a little known FAD, scam, criminal entity with no value to one of a globally recognised and trusted P2P currency with with huge potential for storage of value (Digital Gold).
Everything is going Digital and that includes all currencies.
This chart speaks volumes from a technical analysis point of view with the following indicators being highlighted:
1 - "The Trend is your Friend" - Light Blue ATH & ATL Trend Lines.
2 - Four Year Cycle between Peaks. Light Grey Sine Wave.
3 - Trend Crossing Channels (Trends). Lime Green Lines with angle of ascent in Blue.
The ATH & ATL Trend Lines are important as to break through one indicates serious change. Whilst this may seem obvious it is important to note that the longer a trend line the greater its strength. For BTC to go below the ATL Trend Line would require a very serious (Global?) event to occur.
On a long term basis, successful quoted instruments will often traverse from the ATL Trend Line to the ATH Trend Line in rapid steps followed by a lengthy period of horizontal steps until it reaches the next ATL Trend Line point. (There are obviously fluctuations during this period).
BTC IMO is starting it's 3rd Cycle (Transition) from the ATL Trend Line to the ATH Trend Line. If correct we will see 40K by Christmas this year (23) and 220k by 9th September 2024.
And if the above TA isn't enough just look at where we are outside of TA?
We're talking Inflation, Wars, Spot ETFs and so on.
40k by Xmas 220k by Sep 2024 - Love to All and Peace on Earth.
Comment:
PS - When first viewing chart, make sure you've set the scales to Auto and Log. Having set scales to Auto and Log, turn Auto Off and then slide full chart into view.
Comment:
So good to see we are bang on track with the Xmas target already breached! 😉
And since publication we have:
1 - Additional US Spot ETF interest and discussions between SEC and most applicants making re-submissions/amendments - All positive stuff.
2 - El Salvador BTC position now in profit despite hundreds mocking their strategy AND they've now got regulatory approval for BTC Bonds to be launched to raise $1 Billion to invest in a 100% renewable energy BTC Mining operation - Go El Salvador! 😊 (@nayibbukele, @bitcoinofficesv)
3 - Further evidence of a forthcoming global recession (wars, weakening dollar, china's massive housing collapse and more) promoting wealth to be re-allocated into safer havens. Traditionally this has been precious metals Gold & Silver (@theRealKiyosaki) and instruments such as Government Bonds. BTC is now recognised as a longer term safe store of value (Digital Gold) and err did I mention El Salvador's BTC Bonds strategy? 😁
It's already started but in the coming months BTC supply is going to become very short, very short indeed...
And since publication we have:
1 - Additional US Spot ETF interest and discussions between SEC and most applicants making re-submissions/amendments - All positive stuff.
2 - El Salvador BTC position now in profit despite hundreds mocking their strategy AND they've now got regulatory approval for BTC Bonds to be launched to raise $1 Billion to invest in a 100% renewable energy BTC Mining operation - Go El Salvador! 😊 (@nayibbukele, @bitcoinofficesv)
3 - Further evidence of a forthcoming global recession (wars, weakening dollar, china's massive housing collapse and more) promoting wealth to be re-allocated into safer havens. Traditionally this has been precious metals Gold & Silver (@theRealKiyosaki) and instruments such as Government Bonds. BTC is now recognised as a longer term safe store of value (Digital Gold) and err did I mention El Salvador's BTC Bonds strategy? 😁
It's already started but in the coming months BTC supply is going to become very short, very short indeed...