Tactical PowerDown: Initiated
50k over 13 weeks. Not sure how many weeks I'll go but would certainly never sell more than half my stash, just in case.
Bitcoin volatility low
In line with my previous predictions, I need to put my money where my mouth is. I've started a powerdown in anticipation of a possible August spike. Hoping for Bitcoin to hit $30k before crashing back to the doubling curve.
2020 Bitcoin Doubling Curve
| Jan | Feb | Mar | April | May | June |
|---|---|---|---|---|---|
| $6933 | $7467 | $8000 | $8533 | $9067 | $9600 |
| July | Aug | Sept | Oct | Nov | Dec |
|---|---|---|---|---|---|
| $10133 | $10667 | $11200 | $11733 | $12267 | $12800 |
Willy Woo Reveals New Bitcoin Pricing Model: Prediction Suggests 'Bullish Run a Month Away'
Feeding into my own echo-chamber, Willy Woo is now announcing the same bull run I am.
The popular bitcoin analyst Willy Woo told his 132,000 Twitter followers that he’s working on a new pricing model that suggests a bull run is imminent. In fact, Woo says the model suggests bitcoin is close to “another bullish run” with “maybe another month to go.”
I really really think it's going to happen now, so I have to powerdown in advance.
Prediction
Bitcoin up to $30k in August with a crash back down to $12k-$15k at the end of the year. If that happens I need to be ready to sell a little Hive into that spike. If it doesn't happen I'll just power the Hive back up. Sorted.
We are building quite a bit of pressure here.
Every time the doubling curve has been up against strong resistance, it shatters it without so much as a flinch. The resulting bull-run makes the coin extremely volatile for about six to nine months.
We can see the price action after the first arrow. Bitcoin has not had a chance to breathe and become stable since Q1 2019. This is because we are engaging in major price discovery, and the market seems to be in "disbelief".
In August when the doubling curve smashes $10500 many believers will be made. As I've said, hopefully the FOMO kicks Bitcoin up to about $30k. After a crash down to $15k in Jan/Feb, hopefully we see the meteoric run up to that legendary $280k level and crashing to $56k over the next year.
Volatility is your friend if you're right.
Trade carefully.