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.
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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.
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This is going well isn't it? :)
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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.
bc1qgqxu8zwd2f6fg9mz8f0044kya4xst5j6dqayzc
Ill be back at Christmas to see if we are at 20k!
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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.
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Well then....
That was fun eh?
I wish I'd put wicks on this chart as the dip to 30 hit my mysteg meg line exactly, lol Looked like a shakeout to me - there's not enough corn to go round.
Nothings changed. 200k by year end.
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Ah well, it had a good run. I was able to pinpoint the exact top in time, but 130k out in price. Im going to pretend thats a win. :)
Be interesting to see how this runs now, im not convinced with the supply/demand and upcoming macro situation itll be as simple as the usual 4 year cycles, or if we see 85% pullbacks.
Could close this, but will just monitor. see where we are in the summer.
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Updated, for fun and to stop you all messaging me.
@WickTrade, If I was from the future, the last year I would ever come back to would be 2020 :)
GeekMama
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Looking on target for that 20k Dec 2020!
Bella88
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Spot on , this chart is like gold dust to the crypto community. Perfect road map
Take me to the Rainbow 🌈
Crimbo
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Please keep it open - it'll be interesting to look back to - it will be interesting if it bounces up from your low bear mark of 35k, it seems to be recovering at the moment. I just can't believe we're in a bear market now, it feels like the fizz wasn't quite there and there's still more to go in this cycle!
chromed
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Been following this chart since inception, when to sell now? Very confused.
@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.
Loganus
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@theellk, Yes, we are far away from the top of this bitcoin cycle, so DONT Sell! BUY! Bitcoin is hughly underrated!
We can start selling above 150k, not under 50k, thats absolutely stupid!
Golems
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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?