PantaiSSEY
Long

BTC BULLRUN START TP: 35000 - 80000

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Last bullrun from this pattern resulted at +400% profits.

ETF is on the run so this might be an huge possibility.

HOWEVER the accumulation period was much longer than before so it might as bull towards a sweet 70k ish
Trade active: I will update when were outside the red accumulation zone on lower timeframes
Trade active: quick update (still in the red accumulation zone tho)

This is the ideal spot for a new entry. EMA's, ranges and waves all show support right now.
same here
Reply
PantaiSSEY GazMema
@GazMema, might rise with BTC but I dont think LTCBTC looks that great
+1 Reply
GazMema PantaiSSEY
@PantaiSSEY, vs usd
+1 Reply
Thanks for sharing. Just some constructive feedback. Your elliott wave counts appear to be off. Waves 1 and 2 have to be a certain distance apart. Your first 1 and 2's are almost parallel at the top. Your 2nd 2 wave at the end seems like it is mis places also. I see the 2 being at the top of the second double top. We breached the 200 day moving average which only happened once. The market will go lower 2300-3500 before making it bull run. ( I believe).
Reply
GazMema Makingithappen
@Makingithappen, mining 1 btc costs 4k electricity alone, forget about amortization and other costs so, you will never see a price under 5.5-6k
Reply
@GazMema, Time reveals all. I have learned in life to never say Never about anything. I do know that the market does not care about the cost of electricity. and if btc becomes cost prohibitive there are other cryptos that are willing to step up and happy to fill transaction demand. A more likely scenario is that the hashrate drops and it becomes cheaper to mine. mining operations using energy efficient technology like solar panels could also dominate, however be careful with the logic of the price can't drop because of mining costs.. As the market can drop and let the miners adjust which they will or the technology will adjust as proof of stake and distance is a much better way to confirm transactions than mining. Good luck to all.
Reply
PantaiSSEY Makingithappen
@Makingithappen, Miners will keep mining as they believe in the tech behind it but wont distribute, that way more and more BTC falls in long term holders pockets meaning accumulation will get weaker and weaker. Yes it could go below cost price but not for a longer period.
Reply
@PantaiSSEY, that makes sense
Reply
GazMema Makingithappen
@Makingithappen, nice reply. True, market does not care but the big dips and then big come backs on low volume show just that. 10% of people sell scared and the big players love those cheap prices. It's 10 years and BTC has managed to surprise everyone. But yes, it can go to zero, also it can go to 50k this year. I was betting my brother last November after it reached 7.8k, that it will pass 10k in December, it went 20k :). Anything is possible
Reply
@GazMema, Thanks! I am positioning myself to win both ways, so I am neutral. I don't want the market to drop down to those levels, but if they do I will be ready with a big truck to do some serious buying. If it goes up then I'm positioned for that as well:), either way its exciting to watch it unfold
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out