Only playing around with this publication to look back 10 years from 2029 to see if we made it to $10,000,000 per bitcoin according to this parabolic curve. This parabolic curve SHOULD get more narrow as time passes because we are in "LOG" scale.
You'll also note I have 211 Weekly candles in each 4 year Wyckoff Accumulation Cycle. We will see by end of 2021 if the 211 Weekly Candle Pattern holds up as a decent average on the road to 2029.
The following is a screenshot of bitcoin's current history from 2011 to present day using Wyckoff Method:
Video #2: More Details Covered in the Weekly TF Before Video #3.
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Heading to the park with my wife and son. I'll catch ya later.
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This was only a ROUGH "estimate." We need this next All Time High (ATH) in 2021 to help DEFINE the radius of the upper boundary of the arch (wave). We already have the "West" and "North" coordinates of the arch (wave). We'll see if the price point I have for the 2021 ATH will be the correct "East" coordinate of this arch (wave).
In all these years I learned that everything is possible with Bitcoin. It never ceases to surprise me. An incredible asset that has nothing to do with all the traditional asets that we knew before. An amazing time to be alive and be involved in all this really. Isnt it @ProwdClown?
WyckoffMode
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@Labassa01,
Yes, I've learned "anything" is possible with bitcoin as well. It's a very incredible asset along with several other decentralized coins. Decentralized Crypto Currencies have DEFINITELY created a NEW form of ASSET CLASS. Yes, most certainly is an amazing time to be alive. In regards to financially, politically and geopolitically. Everyone on this earth can't help but be involved in what's going on financially, politically and geopolitically. However, most will not be able to capitalize in this MASSIVE wealth transfer that's about to occur over the next several years. It's going to be a rough ride for the next 5 to 7 years politically and geopolitically. We will have to wait and see how political and geopolitical events will affect those of us involved in assets made of metal (gold, silver, etc...) and decentralized crypto currencies.
RoadTo23Million
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What makes you think we won't break down a corrective channel like that to make a deeper pullback at the very least? I think after your east marker on the chart it will go south (no pun intended), looks like either a leading or ending diagonal.
RoadTo23Million
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Also 10 million for one bitcoin seems quite unrealistic unless fiat hyperinflates.
#1 - Do some research on COMPOUNDED growth of population by countries and for the world population. U.S. Population is anticipated to be between 750 Million to 1 Billion by 2050.
#2 - Do some research on COMPOUNDED growth of GDP that MUST increase with populations. Yes, you can have dips in that GDP with recessions and/or depressions. But over the long term there is a natural COMPOUNDED growth of GDP among countries and a cumulation of all countries together.
#3 - Yes, the value of FIAT currencies WILL inflate in regards to how much of those FIAT currencies are required to purchase goods and do trade. I'm anticipating another reset of FIAT currencies. ALL FIAT currencies tend to decrease to ZERO by their end.
There are SO MANY factors to come into play that would require a BOOK of text in our discussion in regard to FIAT currencies; will Tether or True Coin continue with their peg to the "current" value of the U.S. dollar -OR- will they be pegged to a NEW U.S. dollar AFTER FIAT currencies RESET? Like I said, there are SO MANY VARIABLES and so many possibilities to occur in the next 10 years that would require almost an entire short story or book to cover them all.
However, I must say, if we were to continue with the same INFLATED value of the "current" U.S. dollar, we could very well see Bitcoin at $10,000,000.00 quite easily in 10 years.
More details about remark #1: More growth in population results in more "consumption." More "consumption" requires more laborers, more homes/appartments; which requires more laborers. Bottom line, GDP is a "compounded" effect of a root "cause" (compounded population growth).
deactivatedaccount123
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@RoadTo23Million, have you seen the long term charts for the DOW, SPX, NYSE?
We bout to be Venezuela in a few short years my friend
WyckoffMode
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@MC_Peewee, Agreed... Which is also why I will do a VIDEO publication for this chart publication.
ThumbSkin
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@RoadTo23Million, Oh so then your saying 10 Million is a garentee?