What is the target of you in this market ? Earn money right? Much more is better? Or learn something from this market by losing money time by time until you dont have any $ on the box?
People are alway try to do the best that they can, they consider finance investment is a game that anyone can join with little money or they sell their house to buy Bitcoin and pray for up coming and they will be rich?
Wrong wrong and all people like this they can not earn money!
If you think make profit in this market is easy with margin x25 x50 or x100 after a night and will be rich? You just care about the price of Bitcoin in short term like 15 minutes ; 30 minutes or 1 hours chart. But the true investor they will look at the LONG TERM INVEST guys, do you understand?
OK, so that is why many people request me analysis A LONG TERM FUTURE FOR BITCOIN .
LOOK AT THE CHART GUYS, YOU CAN ZOOM FOR READING ALL THING I WRITE IN ABOVE !!!
We consider the time of late 2013 up to now that contain Mt Gox hack.
I analysis Bitcoin depend on and THE PAST OF BITCOIN .
In 2014, Bitcoin has fall down -86.20% from 1173 to 162$
If it happen with this year 2018 with the same -86.20%, Bitcoin will come to lowest point is 2634$
Consider about the time of downtrend, in 2014 we have 161 bars of 1W = 1127 days (it is the time from All time high until the price go back)
If happen with 2018 so in Jan 2021 we just can see Bitcoin in nearly 20000$ again.
Ok, let analysis to CYCLE and we need consider 2 element are: EVALUATION & TIME
ZOOM THE CHART GUYS >>>
In 1 cycle we have 4 phrases:
1.Stealth phrase ( Smart money - People invest in this time is the best )
In this phrase we just have “ Take off”
This phrase is very difficult to realize, and people almost dont know about Bitcoin or others products in others economic.
2.Awareness phrase ( Institutional investors - Some first investor + Big company + Big Boy know about Bitcoin while almost are not or just small quantity of people )
In this phrase we have “First sell off” and “Bear trap”
3.Mania phrase ( Public - Many people know Bitcoin + Media attention )
In this phrase we have “Media attention” ; “Enthusiasm” ; “Greed” and “Delusion”
In this period, more and more people know about Bitcoin , every where we all see they talk about Bitcoin ( how to buy Bitcoin? how to invest? … ), we see Bitcoin occur every where we coming. This reason lead to the increasing price of Bitcoin to the peak and much people invest in Bitcoin when it in “ Greed” or “Delusion” oh terrible !!! + Pray
4.Blow off phrase
In this phrase we have “ Denial” ; “Bear trap” with severals; “Capitulation” and “Despair” for the last of CYCLE.
In this period, almost people are in euphoria, they keep invest money in several bear trap and hope and pray. They can not realize that is downtrend for long, just thiking is is correction. When the price go down much much they do not sell, keep for long time and sell in “Feer” or in “Captulation” and lose money. Others guys keep until “Despair” and see it long and long accumulation and accept sell left Bitcoin in this time.
We are in a GAME, playing for lose money because we just look at short time!
Ok what about now? Where we are? My chart will show you more clearly, please ZOOM and LOOK AT THIS CHART so you will see where we standing.
Using Resistance and Supports I think the BOTTOM AREA OF BITCOIN IN = 2800 - 3600$ ( as my caculate )
In the chart I have take note very carefully all thing I want to talk with you and you need to know about that. Read all this.
Thanks for reading my chart.
I have 2 chart in past very famous about Bitcoin:
Compare Bitcoin with the past: Active - Nearly 13000 views
Analysis Bitcoin - Wyckoff analysis: Unactive - Just for study - 37000 views
Dont forget LIKE and SHARE THIS POST !!!!
Guys, honestly I want you to know that you should stay focus on the similar, which is similar ? How it can be similar ? Why Bitcoin can down to 3xxx$ if we have not any very bad news like Mt Gox ?
You should focus on the analysis writing in above for technical and cycle of economic needed for all you instead of looking the price.
Any thing will happen, if Bitcoin break 58-60 this case will happen. It like when Bitcoin down from 20000 to 15000 or 10000 even 7000, do you think about that? No one know how dip Bitcoin can drop.
The media will boom many fucking news to dump the price, do you think we just have only Mt Gox hack ?
Final I will talk about "Legendary", this word is just for funny make you pay attention to it so don worry about that, haha.
Thanks for all you guys and good luck with your choice!
We are in good buy zone!
MONERO (XMR/USD) CYCLE
ETHEREUM CLASSIC CYCLE
This post will be one of several famous analysis in Trading View so LIKE and SHARE this for more and more people watch it !
LOVE ALL YOU !
FOLLOW THIS CHART - IT WILL BE THE BEST WAY FOR YOU GET STRATEGY !
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A comprehensive overview of why BTC and Alt-Coins are going much lower from today's levels: