Okay this is too good to be true, but charts seldom lie.
Applying the principles of vibration to the Bitcoin market, it is quite evident that the price of Bitcoin is aiming 1 million by Q3 2021. However it is hard to personally believe this, so sharing this analysis for the community's feedback.
Time Cycle - 34 Days and 5 days gap for the next cycle to begin.
Equilibrium of BTC vibration - Ascending
Equilibrium of USD (DXY) vibration - Descending
The only way Bitcoin goes to 1 million is when the money starts leaving fiat. It is indeed a brave new decade in a brave new world. The possibilities are endless.
1M BTC is a 16T market cap. It isn't inconceivable when you put into the market cap of GOLD terms. Where I believe Gold's market cap will go to 15T to 20T in the next two years. Furthermore, it is commonly known that 1B in inflows into BTC drives the market cap up 25B. Next, consider that there are 50M wallet addresses and Paypal has over 300M customers. Next, look at the network effect of Facebook. These are but few of the drivers that could make it a reality sooner versus than later
thathanka
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@Maui2020, Nice I like the sound of that. But what do you think of the chart? Plus those angles from 40k, we just touched the last support and kind of pumping now. Check in 30 mins TF.
Maui2020
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@thathanka, I am the macro guy. I look to people like you to tell me the chart details
Maui2020
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@thathanka, from your chart, it appears things are playing out historically
thathanka
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@Maui2020, You are welcome. I will be delighted if they do.
nakg3
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Redo the analysis, take low of march 2020 inside.
thathanka_iyotake
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@nakg3, Yeah i have been revising it privately. shud start climbing in 2-3 weeks or 2-3 months . Lets see