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New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving".The halving decreases the amount of new bitcoins generated per block. This means the supply of new...
Using only historical data, Fibonacci, and simple Geometry, I'm making this very long term Bet to BTC with 2 kind of possibles dates and end prices. Maybe it's too early to make soo long bet, but if you are a Hodler, maybe its good to start to think what will be the price in 5 or 6 year.
So I FINALLY thumbed this down and now I see what is happening. So we are in a bear market of course and if you take a look at the monthly chart. There is a bearish candle followed by Doji and another selling candle. So usually whenever you are doing a Risk/Reward, you have a price entry, stop loss and target. So if this correct, we are heading for a 1:1 risk...
On the monthly chart bitcoin -3.94% broke through the $6000 support after 10 months of consolidation in a descending triangle , exactly what happened in 2014. If this pattern repeats, which it is, starting off with a small 22% drop, and resting, it should continue down to a full 50% correction forming a bottom at $3000 between January-August of 2019, as it has...