Bitcoin BTCUST 2018 Infinity and Beyond

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin BTCUSD 2018
Well the last day of trading Bitcoin in 2107 was a difficult one. We managed to bag 450 or points from 13000 to 13460 early
on (and day traders another 300-450 trading the range from 13000 to 13150, also earlier in London session) but then lost the
plot as the day wore on with two poor trades centered around the 14000 level which lost 50-150 points each time. So it
wasn't a grand-stand finish to the year, unfortunately, and on a bad day we ended up just 150 points or so ahead (maybe
450 or so if day trading). But in 60 or so days of fairly intense mining we have extracted over 19,000 points from Bitcoin if
you go back and total the trades. So it took about 2 months to buy Bitcoin outright and still have some change left over. No
one can say what 2108 holds in store. But just so long as the great mine in the sky remains open for business we have to
work it. There may never be an opprtunity like this again in our often does mankind attempt to put a value on
Ether? Never. Bitcoin has a value of somewhere between $5 and $50,000. That's all we can say. But that is one hell of a
range to play inside...a range we are basically making up as we go along. That creates a wonderful, big space for traders to
play within. So long as Bitcoin keeps moving fast we should be able to make some good returns again this year coming. And if
we only average a paltry 200 or so point return each day as yesterday, that translates into 1400 points per week and will
therefore take just 10 weeks for us to own Bitcoin outright through traded profits. And that in turn means we buy Bitcoin
5 times over in a year. So by working this mine systematically and intensely and by looking to trade patterns and not price,
we should be able to make good returns for as long as it stays open to us.
Please Pay this Forward
These commentaries on the life and times of Bitcoin began in earnest 60 days ago - mostly because seeing some of the
forecasts by Tradingview's 'top' writers covering Bitcoin and how vague and confusing and ultimately unhelpful they can be
just twanged my vibes so strongly that I had to do something about it. It began as an experiment in human nature - am old,
pretty much retired but still totally addicted to charts, especially in 'bubble' type situations because the chart is just
a temperature gauge showing how 'hot' people feel in aggregate about product 'X'. It is human nature in the raw,
displayed on screen. People make patterns. And people don't change. Each generation tends to think it's smarter than the
one that went before it - their cars are faster, safer, they'll be driving themselves soon; their toys are way cooler - pretty
much everything except music and movies is just ...better. So the confidence of each new generation is understandable to an
extent. But the truth is that human nature itself never changes. We react in exactly the same way to fear and greed
as we always did. Deep down, under the surface absolutely nothing has changed. We're human, is ALL. So we track and
trade the recognisable patterns that humans make across the chart - the same patterns humans always tend to make across
the ages - whether that's the patterns made in 1927-1933 at the end of the 'roaring' Twenties or the patterns made by the
Tokyo bubble exactly 60 years later (1987-1993) or the patterns made by Nasdaq from 1997-2003 or the patterns
made now by Bitcoin (2017-2023?) ...they are all the same. With one big difference: time. We know Bitcoin moves
something between 60 and 100 tmes faster than pretty much any speculative instrument ever devised by man so far in all
history. What happens on the SandP over weeks is displayed here in hours. It means that there are roughly 60 to 100 times
more opportunities to open trades in Bitcoin than there are to open trades on SandP, obviously. One is just a fractal of the
other. All we have do is watch for patterns to develop, identify them, and trade them.
Comment: Human Nature and Bitcoin The Kicker
The 'experiment' in human nature, just throwing this research out there, has developed into something much more difficult
to write for now - so conscious of newbies joining and needing long explanations to try annd protect them from blowing toes
and fingers off before they really know how to handle the gun - so apologies to experienced traders for all the BS that
accompanies these comments - it also means that quite often they take about 5 minutes too long to spit out and format and
upload - so good trade set-ups have already triggered sometimes by the time the button gets pushed. And then
Tradingview closes to uploads every time Bitcoin goes into a tail-spin. This is a great platform but it's not the way to trade
this if we're really serious about it. In the meantime, if you've found these commentaries helpful or interesting or engaging
even, then please do one of two things: either donate £10 or $12 (that's a 10% discount right there on dollar price) to any
good charity that you feel deserves it. That way, some good, no matter how little, comes from this effort. You have
received freely. Now please give freely, and with a glad heart too. And if you feel bad about this request but still intend to
keep following please instead just pay this research forward
to a sensible/experienced friend to follow in 2018 too. Bitcoin
is the people's coin. Not the government's. Whilst that lasts
we should try to share it around as much as possible. Incredibly, there is enough in this mine for all of us. So share.
Wishing all readers a happy and prosperous 2018.
Back at the mine-face tomorrow...
In meantime please a decision and follow through with it: Donate or pay it forward. Either/or. Please take the time out
to do one or the other. Please FEEL this vibration. And act on it.
Thank you for the inspirational post.

We are indeed fortunate to have this unique opportunity in our lifetimes. It's been given freely to us, and the most beautiful way to show our appreciation is to share our gains with those who are less fortunate than ourselves or other worthwhile causes.

All the best to you for 2018.
Thank you for lighting the path for the rest of us. Happy New Year :)
thanks for the new charts in the new year

:Happy New Year:
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