BITCOIN When will we see a $10000 move on one single day?

This one is for the believers. Not for the average person who said in 2010 "Bitcoin is at $0.05 it can't make a $1 move in a single day, are you crazy?" or in 2011 " Bitcoin at $2 and you think it can move $100 in ONE day??" or in 2015 "We are now at $200, which is 1000 below the $1200 All Time High and you are telling ME that Bitcoin can move $1000 in ONE day??". Or even those who will now rush to say "A $10000 single day move?? You must be nuts, do you now how high the market cap would be??".

Do you guys see the pattern? Denial denial and denial since Day 1. So if you are this type of person (who obviously has uncanny skills at missing lifetime opportunities) you can skip this idea and move on to the next one.


** The previous moves **
Now what do we know about the previous single day moves of $1, $10, $100 and $1000 that have taken place thus far?

- The first +$1 move in a single day was in April 30, 2011 when Bitcoin rose from $2.75 to 4.05 (approximately). This was made on the High before the top of the Bull Cycle.
- The first +$10 move in a single day was in June 11, 2011 when Bitcoin declined from $23.90 to 13.25 (approximately). This was made at the Top of the Bull Cycle.
- The first +$100 move in a single day was in April 10, 2013 when Bitcoin declined from $270 to 120 (approximately). This was made on the High before the top of the Bull Cycle.
- The first +$1000 move in a single day was in November 29, 2017 when Bitcoin declined from $11400 to 9100 (approximately). This was made at the Top of the Bull Cycle.

From the above info we realize that Bitcoin tends to make its first single day moves of such magnitude in declines.

Also notice how the $1000 - $10000 zone didn't have a +$1000 move in a single day and interrupted the streak of the zones below which all gave a first day of X move.

See also how every X move is made either on the last High before the top of the Bull Cycle or on (near) the Top of the Bull Cycle itself. Never in any other point of the Cycle. This is normal as such historic (at the time) moves tend to be created on large volume when the public in either in excessive euphoria or fear. Also notice how each X move takes turns between the High before and the Top of the Bull Cycle.


** So when will we see the $10000 move in one single day? **
Based on the above since the last move ($1000) was made at the Top of the (previous) Bull Cycle and since the moves take turns, the next turn is for a last High before the top of the Bull Cycle. Based however on Bitcoin's Historic Parabolic Growth Channel, this puts the $10000 move marginally below the 100000. Why is this a problem? Because there have never been two X moves within the same zone and the 10000 - 100000 zone already gave us the $1000 move. Can this be because the 1000 - 10000 missed that move, and was postponed a channel later? Maybe. But still it is more logical (and safer to assume) that then $10000 move in one single day will be made on the next zone (100000 - 1000000), which puts it however at (or near) the Top of the Bull Cycle (which breaks the sequence of turns).


In conclusion I have one question for you: WOULD IT MATTER that much? The important thing is that historically IT WILL HAPPEN and you must make sure you continue to accumulate and remain a holder until then. Typically for a Bitcoin investor, once he had made 10X return on his investment, it is a good time to take the profit and wait for the bottom of the next cycle to re-buy.

I hope you enjoyed this little different idea! Do you agree that there will be a $10000 single day move on Bitcoin some day? Let me know in the comments section!

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