DawkinsHawkins

DawkinsHawkins

Appears the bottom is in with a Blue buy signal flashing in the hash ribbons. Looks like we may not hit the predicted 100k value in September, but 100k is still in play before the end of year. Lengthening cycle theory seems to be playing out nicely.

DawkinsHawkins Updated 

Honestly, didn’t expect the price to follow the past parabolic run so closely. Decided to add price targets for 10K (Sept 2020), 20K (Mar 2021) and 100K (Aug 2021). Strictly based in the 2017 best fit parabola.

DawkinsHawkins

Based on the current trajectory we could be looking at a 100K Bitcoin by MARCH!? This is highly unlikely as we will most definitely see multiple corrections along the way. If we had just replicated price action from the 2017 bull run, 100K would occur in August. What a great time to be in Crypto.

DawkinsHawkins

Amazing to see Bitcoin outperform the 2017 Bull Market by such a substantial margin. This is starting to resemble the 2013 Bull Market where the price went parabolic mid-market and experienced a substantial pull-back before continuing on to the ultimate top of that market cycle. It's possible that we could be heading for a similar large correction and we should be...

DawkinsHawkins

Don’t let anyone take away the satisfaction of this moment. It seems like an easy investment looking back at 2020 gains for bitcoin, but the truth is it’s been a long and rocky road from the all-time-high of 2017 to now. For those that bought at the peak in 2017 and held, I congratulate you... for those that bought the lowest dips (3K), I applaud you... and for...

DawkinsHawkins

Initially I thought we’d have a sustained 20K some time after March 2021. We’re months ahead of schedule which could mean a couple things... 1) Could it be that lengthening cycles aren’t happening and we go parabolic and peak earlier than expected? We’re currently 2 months ahead of the last bull run in terms of retesting ATH. 2) This bull run may still be longer...

DawkinsHawkins

Always good to take a step back and zoom out. We're undoubtedly at the beginning of an epic bull run that will most likely run over the next 6-12 months. A pull back at the previous all-time-high was expected and is playing out similar to previous events. Even a 30% correction puts us months ahead of the last bull run price action. Hashing power looks to be on a...

DawkinsHawkins

Compared to the 2017 bull run, it seems bitcoin has consistently outperformed price action. Based on the pattern riding this parabola, we may be due for a major correction; however, it may be that this price action is forging it's own path of steeper incline due to institutional investors buying in early in the cycle. Either way, the long term prospects for...

DawkinsHawkins

Despite this year being quite crazy, bitcoin price action has been outperforming the last bullrun cycle, still on track for 20K by next year March. Expect to see short term volatility with the elections coming up. Long term trend is strong and unbroken thus far.

DawkinsHawkins Updated 

Interesting to see the price riding the start of this parabola as support. Things may remain shaky until the hash ribbon turns blue to signal end of miner capitulation. Great time for an entry point. Stay vigilant for dips as a buying opportunity.

DawkinsHawkins

Bitcoin’s price is currently outperforming the 2017 bull run. We’re currently above the10K prediction on Sept 19. Interesting to see if the trend holds to 20K.

DawkinsHawkins

Every time I think this trend is finally going to get broken, Bitcoin surprises and bounces off support. Will this parabolic trend hold right up to 20K? This trend line acting like House Martel... "Unbowed, Unbent, Unbroken". 🤣

DawkinsHawkins

KEEP CALM! We're still far ahead of where we were back in 2016. It's a long winding road to 100K (and beyond). Just a reminder that we could fall as low as 10K and still be ahead of the previous bull run in terms of days from the halving. Good opportunity to buy the dip. (NOT FINANCIAL ADVICE)

DawkinsHawkins

Amazing to see how closely we followed the parabolic curve initially then broke to the upside. We could easily have sideways action all the way to November and still be ahead of the historic price action in the last Bull Run.

DawkinsHawkins

It’s a long road to 100K. Nice to see we’re hitting some markers ahead of schedule. Be ready for healthy pull backs during this run. Early FOMO will undoubtedly lead to overbought conditions.

DawkinsHawkins

2 months after the halvening and it seems the predicted parabola based on the last bull run is holding strong. Don't take the model as gospel, just a quick comparison between past price action after halving event.

DawkinsHawkins

Seems the curve is still holding as a lower limit for price action. Note that price can bounce around between 9,000 and 10,000 all the way to the end of September and the model would still be valid.