Jump to content

Epic Pennant on BTC Chart


Recommended Posts

  • Replies 9.8k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Just taking the time to say a huge thank you to you @Eric123. I have been reading this thread daily for a long time now. I don't often sign in to post something so this thank you and acknowledgment of

Well guys for those of you that got in late 2017, this is what the beginning of a Bull Market feels like.  There will be ups and downs of course, but it will get much crazier with much higher valuatio

I was a bit bored, so I decided to analyse the reactions in the first 404(!) pages of this thread. In those 404 pages, 3938 comments received a reaction, and in total there were 11515 reactions g

Well we got the decisive move on big volume, I was waiting on to move above the downtrend line that began in June.  Looks like the Reverse H&S pattern will complete at around $9,500 -$10,000.  A "close" of over around gets us out of the larger downtrend which started in December 2017 - $12,000.

Hash Rate is increasing.

Halvening is coming up.

Just waiting to see how the drama with Craig Wright plays out.  Here is a link for people interested in what has just transpired regarding Craig Wright's Court Case.

 

https://modernconsensus.com/cryptocurrencies/bitcoin/craig-wright-to-judge-bonded-courier-gave-me-keys-to-satoshi-nakamotos-1100111-bitcoins/

 

1 15 2020.png

Edited by Eric123
Link to post
Share on other sites
21 minutes ago, baobeiiiii said:

^ @Eric123where do you see BTC going after it reaches it's previous ATH? Sure you've mentioned it before.

If the patterns play out similarly to the 2013 and 2017 bull runs  - after Bitcoin break the ATH is should see a ramp up in price over the course of above 8-10 months culminating in a parabolic run to around $350,000 give or take.

Link to post
Share on other sites
32 minutes ago, Eric123 said:

culminating in a parabolic run to around $350,000 give or take.

A mere one-third of McAfee's prediction. Can we the people just take a third off u if that doesn't pan out ;) It still works fine without the tip.

Jokes aside, 350k would be amazingggg

 

Edited by baobeiiiii
Link to post
Share on other sites
55 minutes ago, Eric123 said:

If the patterns play out similarly to the 2013 and 2017 bull runs  - after Bitcoin break the ATH is should see a ramp up in price over the course of above 8-10 months culminating in a parabolic run to around $350,000 give or take.

With my analysis I get a possible high of $315,000, but may only be $140,000 (if only !!). Timing for the high is Aug 2021 at the earliest, maybe closer to year-end. Of equal importance post-ATH could also lead to a low of around $47,000 in 2023. In addition, my model predicted $7,000 as the pre-halving low which in reality was about $6400 but certainly in the ballpark. Exciting times for sure.

Link to post
Share on other sites
17 minutes ago, jMusic said:

With my analysis I get a possible high of $315,000, but may only be $140,000 (if only !!). Timing for the high is Aug 2021 at the earliest, maybe closer to year-end. Of equal importance post-ATH could also lead to a low of around $47,000 in 2023. In addition, my model predicted $7,000 as the pre-halving low which in reality was about $6400 but certainly in the ballpark. Exciting times for sure.

These predictions look nice on paper, but do you really believe there will be enough new investment money to support attaining such levels?  I feel like it's possible we may see a new ath, but if we do, it won't be much higher than the previous ath. I mean, when you zoom out over the last 10 years there is definitely a logirithimic curve to the market growth. Couple that with the general populace shift of seeing BTC as a mysterious and interesting potential to an environment destroying manipulated scam coin that burned them in 2018 and well, you get my point.

 

All that said, human greed does continue to surprise me.

Edited by Zerpple
Link to post
Share on other sites
12 minutes ago, Zerpple said:

Couple that with the general populace shift of seeing BTC as a mysterious and interesting potential to an environment destroying manipulated scam coin that burned them in 2018 and well, you get my point.

The environmental issue is a big one. Depends on if governments start stepping in. 

I would hope that XRP would share some of such a meteoric rise of BTC. We are talking about a 40x increase in BTC price. 40x for XRP too?

Link to post
Share on other sites
29 minutes ago, Zerpple said:

These predictions look nice on paper, but do you really believe there will be enough new investment money to support attaining such levels?  I feel like it's possible we may see a new ath, but if we do, it won't be much higher than the previous ath. I mean, when you zoom out over the last 10 years there is definitely a logirithimic curve to the market growth. Couple that with the general populace shift of seeing BTC as a mysterious and interesting potential to an environment destroying manipulated scam coin that burned them in 2018 and well, you get my point.

 

All that said, human greed does continue to surprise me.

I agree, because I do not believe Bitcoin is really a creditable store of value.  At some point BTC will lose it dominance, and after that it might unravel very fast.

About the potential amount of money coming into crypto space, I disagree.  In 2017 it was almost impossible for the average guy or gal off the street to buy crypto.  This was a big barrier to investment and kept 95+% of the population out of the market.  On top of this the next run will include more participation from countries like Mexico, Venezuela and Brazil because digital money is now touching these countries.  So the size of the investment pool has grown by an order of magnitude.

A third factor is the impending liquidity crisis which might begin to bite any time soon.  Fiat bank accounts are not as safe a place to store your money as they used to be.

For myself, all my eggs are in one basket - XRP!

Edited by Julian_Williams
Link to post
Share on other sites
53 minutes ago, baobeiiiii said:

The environmental issue is a big one. Depends on if governments start stepping in. 

The environmental impact argument against Bitcoin is something XRP supporters usually cite, but it's not true.

https://thenextweb.com/hardfork/2018/08/28/bitcoin-drives-energy-innovation/

And No I will not cover your losses or missed opportunity costs.

Edited by Eric123
Link to post
Share on other sites
18 minutes ago, Eric123 said:

The environmental impact argument against Bitcoin is something XRP supporters usually cite, but it's not true.

https://thenextweb.com/hardfork/2018/08/28/bitcoin-drives-energy-innovation/

And No I will not cover your losses or missed opportunity costs.

So basically everyone that posts about Bitcoin destroying the environment is just really uninformed? Can't be. Lol

Link to post
Share on other sites
47 minutes ago, ripplewaytogo said:

You better have good high heel shoes than mine because all it takes is one misstep lol

My wife wears high heels all day, but she is small and a classical ballet dancer.   I watched a live screening of 42nd Street last Sunday and the girls were tap dancing in high heels.  I feel pretty secure in my high heels! 

My view is XRP/Ripple will explode at some point because all the metrics are going in right and they have no competition selling ODL against them.

Edited by Julian_Williams
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.