There are less than 182 days to BTC halving.
Halving is a fundamentally bullish event because of supply cut off by %50.
IT MEANS cost of BTC doubling.
How much money to mine 1 BTC?
It depends on which city you are in, or what kind of setups are you using. All i know is BTC traded not below than $3170 at 2018 bear market.
After halving this price doubling up and no one even miners dont sell their BTC's under $6340. (From my perspective)
BTC trading @$8700 right now. It means risk is $8700-$6340 : $2360
Target is depends but i assume that we wil see at least local high again. Which is $14000 (My real bias is much higher than that but i am trying to be fair)
So reward is $14000-$8700 : $5300 for 1 BTC
R:R is 2.25
This is how i approach to halving event other than elliot wave theory.
Also you can see LTC halving period and you can compare them in 1 chart.
According LTC halving period we should not see BTC below than $7300. So new R:R turn to 3.79 :)
This is not a financial advice. Follow, share and like for more. Thanks.
Halving is a fundamentally bullish event because of supply cut off by %50.
IT MEANS cost of BTC doubling.
How much money to mine 1 BTC?
It depends on which city you are in, or what kind of setups are you using. All i know is BTC traded not below than $3170 at 2018 bear market.
After halving this price doubling up and no one even miners dont sell their BTC's under $6340. (From my perspective)
BTC trading @$8700 right now. It means risk is $8700-$6340 : $2360
Target is depends but i assume that we wil see at least local high again. Which is $14000 (My real bias is much higher than that but i am trying to be fair)
So reward is $14000-$8700 : $5300 for 1 BTC
R:R is 2.25
This is how i approach to halving event other than elliot wave theory.
Also you can see LTC halving period and you can compare them in 1 chart.
According LTC halving period we should not see BTC below than $7300. So new R:R turn to 3.79 :)
This is not a financial advice. Follow, share and like for more. Thanks.