Happy New Year! We wish you better set-ups and bigger gains in 2019!
With our help, we believe it will come true.
So we prepared for you a chart with a couple of years of perspective.
As you can see we had a constant growth for 3 consecutive years with strong upstream in 2017.
Regardless, the decline in 2018 we still could earn over 300% within 2 years time. Not bad.
As we had one-year correction we are closer to a trend reversal. The longest correction in history took 15 month. So still 3 months to go.
This time is of course different. All main actors such as regulators, banks, corporations, and financial institutions have cryptocurrencies on their radars. All we need is a positive impulse – brave heart which influences the market and starts a trend reversal.
It will happen for sure. The last decline was just a byproduct of the war in BCH community before, during and after hard fork. The real cost of mining one BTC is around $5800. You can find more info in our previous analysis -
Don’t forget, someone bought 3 billion USD worth BTC in Dec 2018. We wrote more about that here:
So when looking at the chart we can see 4 segments of growth in 2017. Each is stronger and attract a new set of investors. In the last phase, individual investors experience FOMO and they buy. At the same time, whales are selling because they bought this asset many months ago.
We also marked decline lines and they are much weaker than the growth lines. It looks pretty healthy and we could expect this.
Moreover, just bounced from the lowest level since 2015 and its only way is up.
On Weis Waves, we still don’t have much demand. There was not enough demand to break the declining trend. Still waiting for low supply and much more demand. As previously mentioned we are waiting for the brave heart.
Thank for all the support you gave us in the previous year. You are our fuel.
What are your prospects for 2019? What do you expect?
We think we should easily break $20 000 on BTC this year.