alanmasters

Bitcoin's Final Crash or Ultra Moon Pump Ahead?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is in a state of doubt and uncertainty after trading negatively consistently for 6 straight months for the first time in its history.

This question comes up next:

Is Bitcoin's preparing for an ultra moon pump or a final crash ahead?

When you look at Bitcoin , it seems that it has reached a standstill point; Bitcoin Sideways.

People are not used to Bitcoin Sideways. We are even less used to seeing Bitcoin go negative 6 months straight.

But when you look at the Monthly chart, you can clearly see that a bottom is on its way. But will this bottom be a new low, or will price curve and start its move up?

February 2018 was the year when Bitcoin hit a low point. It took 8 more months for the Feb. low to be gone.

So there is a good chance that this year February marks the end of it all. Or it might be the beginning of much more when it comes to cryptocurrency and Bitcoin overall.

1) Looking at the chart, it is easy to see the possibility of a strong drop coming our way, the final crash before Bitcoin can wake up and change to a new trend.

But this is something that everybody has been expecting for many, many days. And Bitcoin is a contrarian, it does what nobody can expect.

2) The next scenario is the blue sideways action that has been plenty in the past few days... This is what most people here on Trading View want their way. Based on 2014/15 charts, they say Bitcoin will keep on going sideways again and again.

3) Or finally GREEN, which nobody no longer believes. This is based on a potentially strong bounce, followed by a classic retrace and then POOF... massive GREEN.

There are many signals that we can look up to in the charts and come up with entertaining stories and ideas as to what might go on... But if something we've learned over the years, is that signals coming from the charts can be really accurate as they can be as fake as they come.

So let's make it simple this time and go with our guts!

What you think will happen next?

Will Bitcoin continue going down forever (red), go sideways (blue) or jump up (green)?

Please share your thoughts in the comments section below with my readers and me.

On my next update, I will look at Bitcoin LONG TERM from the outside without bias and reading the signals coming from the charts... I believe that in a matter of weeks, we will have an answer as to how the rest of 2019 for Bitcoin will go.

Personally, I believe will be positive by the end of 2019.

And cryptocurrency prices will reach levels that normal people cannot believe. But this won't happen right away, it can take some time to materialize... But in the year 2019/2020, this is something that can be realized.

In the meantime, I will watch from the sidelines.

Namaste.
P.S. Let me share with you this phrase, that can inspire your morning day.


SUCCESS, PRAYER AND MEDITATION

When you want to achieve success people talk of concentration.

Another great word vastly used is determination.

Yes, success can be acquired with both, concentration and determination.

But your best tool is always prayer and meditation.

Namaste.
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Namaste.
Comment: Trade:

Comment: Bitcoin goes in favor of the bulls (WIN)

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Well, with your history of predictions, it should go up 600%. Bitcoin is like Deutsche Bank, its dying a slow death
Reply
alanmasters BankofEngland
@BankofEngland, You truly think it will die?

And if yes... how long you think it will take until it is deleted from the Internet?

Will the whole cryptocurrency concept go away with it or is it just Bitcoin?

Thanks in advance for the answers.

Namaste.
Reply
BankofEngland alanmasters
@alanmasters, - Regulations will kill it. Investors are seeing the true value of Bitcoin. Zero. Bitcoin has been kicked to the curb faster than it was adopted. People liked it because it had a fiat value that kept growing. It's supposed to replace fiat, yet, you need fiat to buy it and at the end of the day, 90% of investors/traders were trying to get rich quick, they didn't really care about blockchain. People bought it to gain more fiat. Its hard to say when, but within 1-2 years, we will see the definitive outcome of crypto. The concept of electronic money will not go away, in fact, to the contrary. A very little known fact is that crypto was a test bed for what is coming on a global scale. When the US dollar is no longer the world reserve currency, there will be yet another shift in the global monetary system into a electronic currency. That's why the time scale is 1-2 years, because that is about how long is left in the US dollar as the global reserve currency.
Reply
alanmasters BankofEngland
@BankofEngland, Global reserve currency has been changing since money was invented.

Cryptocurrency is not to replace fiat but a completely new approach to money.

Instead of central banks, it will be decentralized. Not that Bitcoin is decentralized but that money will be.

With cryptocurrency, people can create their own money out of thin air, just like banks and governments, and there is no way we are going back to using thin air money from banks when we can have our own imaginary money created.

We will create and use our own... We are already doing it.

Namaste.
Reply
alanmasters alanmasters
@alanmasters, That's the reason why I believe that cryptocurrency is here to stay.
Reply
BankofEngland alanmasters
@alanmasters, - But crypto has been hacked, stolen, and manipulated. The claim its decentralized is sort of... taking their word for it. You never see whats going on in the back. Sure, while the addresses are "random" how are traders sure that those addresses aren't saved and linked to their account of which had to be created using identification, passports, social security numbers. If it was decentralized, there wouldn't need to be a requirement for identifying the account holder. Its not anonymous. The creators of Bitcoin are anonymous, which are most likely a government entity. Again, a test bed for a global electronic currency. Money only has value if the other person has faith its worth something and secondly knows that it can be accepted by others.
Reply
alanmasters BankofEngland
@BankofEngland, Cryptocurrency... There are thousands of different coins/tokens/projects, and these are created by people.

We already use this money on a daily basis for all sorts of transactions.

I haven't known anything other than crypto for a while and I know lots of people that are in the same situation. We literally use cryptocurrency as our main form of money.

Bitcoin is just one of the thousands... This is a new form of money.

You can create your own cryptocurrency right now and start using it as you wish.

Reply
BankofEngland alanmasters
@alanmasters, - Yes, cryptocurrencies are created out of thin air, using their own coding or blackchain that is premade? They are based on BTC, Etherium. Their coins aren't proprietary
Reply
alanmasters BankofEngland
@BankofEngland, Maybe you are not fully familiar with cryptocurrencies, how they work and the huge variety...
Reply
BankofEngland alanmasters
@alanmasters, - 2,080 coins, all claiming they do something better than the other. Ripple seems to be the only stable and useful blockchain.
Reply
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