DIGITAL-ALPHA
Long

DIGITAL ALPHA UPDATE - BTC at $300,000!?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello everyone! Hope you guys are having an awesome weekend.

I wanted to throw this out there and let folks know where the $300k price point comes from when you hear people discuss it. The total market cap for physical gold is just north of $6 Trillion. Yes, that is a lot. If you take Bitcoin and its 21 million supply cap with a similar market cap...you arrive at $300,000.

Additionally, when taking fib levels into consideration using log scaling, you arrive at a similar number. Seriously, it's nuts.

Last but not least, we can draw attention to our triple bottom. We have done it and can expect a reversal. Pair this with some fundamentals of Bakkt in November (they need to actually buy physical BTC before they open) and a potential ETF in Q1 2019, we can be on the way to some serious gains.

I'll let the $300,000 figure sit with you for this Sunday...enjoy it.

Take it easy,

DA BULL (got my horns back)

Comments

If it does, awesome! But for me, this is what will happen.

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We can discuss about a recovery after December - January (based on the previous bear market). Right now we are looking at a strong short accumulation on the current consolidation levels (Rectangle, Triangle). We are targeting 6,100:

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theres a difference compared to today: we have yet to produce a higher high.
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