ETH breaks out, prepares to move back into growth territory
2013-14 also show amazing growth periods, before the Mt Gox meltdown in '14. initial period of the year yields good growth, then toward end-of-year, a surge
Sorry as I work out my own Long-hold thesis before your eyes, but it's better that I get my notes out in small spurts. Historical average growth rate between the end-of-year highs, until mid-year spurts is around 220%. 2016 was 180% and 2017 was 283%. Thus, a purchase of one Bitcoin at $7,000 February 6th will yield, by average, a $15,400 coin in June . I have...
Guess what years this is? 2016/17. Not often discussed. We typically see discussions on 2013/4 and 2017/8. But as you can see, the same boom cycle in 2017/8 also took place in 2016/7. But at much lower magnification . To the naked eye, BTC looks like it was sleeping. But it wasn't . Projecting over the course of these politically dissimilar years, the same...
as you can see, MACD reversal is clear. I like to set up Bollinger 200, MA 50, to catch buyable lows, then track when trends change. As you can see here, the bear decline is reversed. There are clearly buying forces at work, and we typically get a 30% gain under these conditions. I am more interested in the HOLD, now that we may get a strong year, with good...
remember that we are in this market, not some dream market, or some should-be market. There is one market, and that market is now. If people want to initiate a rally then so be it. The Poloniex news probably sent people buying in: ...
in a year full of scary news, BTC surged 20x (2017), with frights like: bitcoin cash korea hacks korea ban rumors china exchange bans china miner electricity limiting What happens when BTC has a year full of awesome news, like institutional flood of money new ETFs quadratic reduction in transaction fees addition of segwit, lightning, even lower transaction...
such an obvious pump! No one is responding drop that sucker!
this coin will surge after about 3-4 days, probably things will either crash before hand, or a jump will signal it's time to go bull but after another 72 hours, slightly more, it will be time to jump in the question is whether you get another 12% discount before it jumps or not. Either way, it's time to get back in This document is for information and...
right now it's pretty even whether little buddy jumps or slumps. Sometimes you have to stoop to reign Good things coming this year as ICO demand will boost ETH volume Still gotta locate that killer ICO -- none on the horizon, but someone will dev something on a ERC-20 chain (NEO, Ether, EOS, etc) and drive up demand for ETH Time to grab ETH if this thing wants...
the drop off is likely at this price, it will likely swing down into the deep 8k range, where it locates reasonable support. Pitchfork / parallel channel is leading down. Still need to stay vigilant, not make any premature moves. But if it moves up from here, it means BUY. If it drops, it still means BUY. But stay still til more develops This document is...
we are looking at some consolidation. But dangers remain. Look at how the last collapse took place. There is someone out there willing to take the entire coin down to the basement. for bottom dwellers, this is christmas. for holders, it's scary, and for hopers, it's terrible 8k is a very likely take off point, unless the community allows for price to...
if we can crash BTC back to 6k then double it again, why shouldn't we? Watch how the current pattern, post top, is repeating, facsimile highest likelihood, powers that be will wash the coin out -- then this pirahna market will burn it back up again 2x prepare to make money, if you have cash on hand This document is for information and illustrative purposes...
a cornucopia of fundamental momentum, good news and basic crash recovery. All the good things will form a noisy cocktail driving price aggressively
what is scarier, losing money, or losing out on an opportunity? In the current fundamental context of Bitcoin, 2017-2018 , the market is there, post-crash. Just look at the three major crash recovery periods.
Looking back at historical bitcoin, you 'll see that it really is possible for the coin to surge 100% one year, then 1900% the next. This is 10x then 20x growth. Since we are wondering if this is possible now, i must simply say that it was possible historically, therefore possible now. Seldom are market opportunities like this available (tuplips, beanie babies)!
if @RobsterBoC is right, in his seminal post, we are almost done with this pullback, and it's time to move on