VincePrince
Long

REVEALING BITCOIN HALVING-CYCLES - 120.000 USD AFTER NEXT ONE?!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Hello traders investors and community. There is an interesting observation which i made and want to share with you today. It is revealing the magic bitcoin
halving-cycle in which we seen huge growing of price after the past halvings.
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The last weeks we are facing a consolidation period, exactly what we have seen in the past before halving break-outs happened. Before the first halving and
break-out BTCUSD consolidated between 2 and 15 USD, after the halving we have seen an enormous growth of 90.52 X before the first major top formed.
The same happened after the second halving, in this case BTCUSD made28.74 X after a longer consolidation period in which price consolidated between
160 - 700 USD.
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In my chart you can see the red boxes which show the consolidation periods before BTCUSD broke out and entered the growth phase (green-boxes), exactly
after the halving!
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I am expecting the consolidation period in which we are trading now to hold on until the halving or beyond, after this we will face the next big
bitcoin-halving growth period of BTCUSD .
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Consider this: We made 90.52 times price-growth after the first and 28.74 after the second halving.
Now this gives an average of 59.63 X.
Just when we underbeat this mark and make 10 times more after the next halving that would be 100.000 - 120.000 USD.
Looking on the information i am expecting a similar growth-period for BTCUSD like the one seen after the first halving.

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Okay hopefully everybody enjoyed! May all luck and happiness come to you! For more market insight feel free to support!
The information provided is for educational purposes only and should not be used to take action in markets.
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Comment:
Comment: Consolidation periods before halving growth periods.
Comment: After the next halving, only half as many BTC will be generated per day. (4,380 x 6.25 x 5,000 = $136,875,000 per month).
Comment: Bitcoin halving countdown: 263 days 22 h 59 min 41 sec

Next halving estimated around May 24th, 2020
Comment: Thanks for everybody who supports my work! You are the best!
Trade active
@nestay, Thank you
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Important to keep long term trends in mind when investing. Conversely, within the short term, we can still take profits shorting areas of weakness.
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VincePrince CptSafety
@CptSafety, Thank you
Reply
Interesting analysis, I think we could be seeing a run up to 30k within the next year, but we'll see, I just posted an analysis let me know your thoughts!
+1 Reply
VincePrince gio_pasquale
@gio_pasquale, Thank you
Reply
Next stop, $1,000,000,000.. why? No reason just because it can. Never mind the MASSIVE volume required but yeah. Another chart based on blind optimism. No concrete reason why its heading up, no major adoption like in 2017 with CME Group or upgrades.
+2 Reply
VincePrince BankofEngland
@BankofEngland, 120.000 as mentioned is the first zone! As seen in the chart clearly, the middle line of hug echannel. Above is possible
Reply
Hope you don't mind that I shared this chart with another trader. I really like your thoughts in this forecast, so I thought to share this idea.
Reply
Nice analysis
+1 Reply
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