Paul_Erasmus

Paul_Erasmus

We occasionally see in the media $1 Million predictions for Bitcoin. They are often taken with a pinch of salt and frequently rebuffed with "Yeah rights!" and laughed at. Until recently I have been in the: 'Not in my lifetime camp' but matters are changing and rapidly so! Two reasons why I believe Bitcoin will hit the million mark and sooner than you may...

Paul_Erasmus Updated 

Before I start a couple of Historical Teasers: BTC is Finite in Volume - 21,000,000. BTC has transitioned from a little known FAD, scam, criminal entity with no value to one of a globally recognised and trusted P2P currency with with huge potential for storage of value (Digital Gold). Everything is going Digital and that includes all currencies. This...

Paul_Erasmus

The trend lines of this chart together with (at the time I thought) a possible Head and Shoulders forming (a - g in Blue) together with a more significant H & S: A - G in Red was originally plotted in early December 2021. Six Months later it is uncanny how the prediction has tracked. Accordingly I now publish for your perusal. The Chart: The Image insert shows...

Paul_Erasmus Updated 

Viewing the chart above we can clearly see a 55 day time-cycle has formed (red semi circles at top). The cycle starts from 3rd Jan 2021 and is repeated every 55 days on the following dates: 27th February, 23rd April and predicted 17th June. The frequency of the cycle is also clearly seen in the LT 144 RSI - (Vertical white dotted lines mark Cycle, Price and...

Paul_Erasmus Updated 

The above chart shows Bitcoin's journey since December 2020. You can see the climb into the trend channel, it's progress through to the first critical juncture 8th April which BTC escaped and then onto an exact copy of the critical juncture (1) on 18th April. At this point BTC was at base of Trend with heavy resistance at 60k. Additionally BTC was above but...

Paul_Erasmus Updated 

Since the beginning of time The Universe has been expanding at a Parabolic rate. Everything within The Universe is either in a State of Expansion or Decline, both of which are Parabolic in nature. Parabolas can be applied to anything that changes: Rate of expansion or decline, population (the higher it is the greater the growth and of course visa versa),...

Paul_Erasmus Updated 

Following a clear breakout from the Ascending Triangle to 370 and with good support forming here, a gain of 240 points was made. RSI is rising firmly (red) above the long term trend (yellow). A continuation of this trend until the overbought region will take us until end of April. Volumes are rising steadily. A mirrored gain of 240 takes us to a new revised...

Paul_Erasmus Updated 

The chart pennant is a perfect 45 deg . The pennant's flagpole gave a 224 point gain which if mirrored will give 200% gain. Why is this likely? 1 - Currently Binance's Smart Chain is outstripping Ethereum with it's miserable network state and fees. 2 - Binance (IMHO) are one of the most innovative, informative and trusted exchanges out there whose 'numbers' have...

Paul_Erasmus

BTC is at the following critical points: 1 @ Long Term (144) DEMA. A break below would not be a good signal. 2 @ Long Term Trend Base A break below would not be a good signal. 3 Long Term (144) Volume Average Levelling from rise - Indicative of Volatility Decline, Institutional HODL, Retail Trading, Awaiting News. 4 Long Term (144) RSI Peaks Declining, Troughs...

Paul_Erasmus Updated 

The chart says it all....

Paul_Erasmus Updated 

In line with my previous we have another good flag formation (top right in the above chart). (The lower two horizontal red & green lines above were the previous flag's S/R.) There will be more flags to come. Don't forget that at the moment the Satoshi is worthless but as an idea of what could be (maybe by the time the last BTC is mined) - IF 1 Satoshi was valued...

Paul_Erasmus

Last time BTC hit the 40's it faced strong resistance from the Bulls, see volumes. Long term I am elated at BTC's process but for the time being the scene is looking good for a Double Top which could give an opportunity for shorter term traders.

Paul_Erasmus

I believe the above flag of victory will be one of many for Bitcoin's future. Why? 1 - In BTC's life, governmental, institutional and the general public's perception of BTC, has gone from the untrusted and unknown to the trusted and known. Do not under estimate this trust - See next point. 2 - BTC has already made it as the only globally trusted and used digital...

Paul_Erasmus

I feel the Satoshi (Sat) is often forgotten about and think it's vital in valuing Bitcoin. Why? First a small recap: Bitcoin is a currency. 1 BTC = Sat 100,000,000 Total Possible BTC = 21,000,000 (Due about 2140) Current Mined BTC = 18,750,000 (approx.) Current BTC Price = $40,604.36 Current Sat Price = $0.00004060436 Take a look at the Sat price: $0.00004 ......

Paul_Erasmus Updated 

I've updated the chart from my previous idea to replace the skewed parabolas with true parabolas. This has revised the target to $90,000 in September. Personally I prefer the "life's" approach of $52,000 on 15th August in my previous as this seems more realistic but hey ho (it's xmas!) - That's the chart. :) It's good to see 'price wise' that the parabolas are...

Paul_Erasmus

Carrying on from my previous, looking good, although I would be very surprised if BTC did actually continue on the current parabola trend, it would be too good to be true!

Paul_Erasmus

I like how on the daily chart follows the parabola curve in all trend, support and resistance. With BTC supply diminishing, Global Fiat economies in a declining mess, technology advancing into space (soon to be colonised), increasing global institutional interest, increasing global use of blockchain technology, increasing public awareness, increasing adoption and...