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     5 years ago (edited)

    Click here to zoom my update:










    (click to zoom to source)

    Sold LTC for BTC. Looks like LTC/USD may rally to $70 and LTC/BTC to 0.0071, thus BTC/USD to $9800 within a week. Seems to be more or less following the projected price movements I had sketched weeks ago as annotated on the linked charts.

    GRS/BTC has underperformed and sliding into my worst case scenario. It lags and then when LTC peaks, then there may be some rotation of speculation into GRS. How low will GRS/BTC decline before it rockets up?

    BTC/USD appears to have broken up out of the flag declining channel correction, which it had been in since the $13.9k peak is in since late June 2019. This is incredibly bullish if true as annotated on my chart, with an assault on$13.9k likely in February or March. Resistance could become support and a retest of confluence of support around $8k is possible, possibly after a lurch up to $9.8k. The highest overhead resistance line (which served as the $13.9k resistance) is now ~$25k and rising to ~32k in April.

    Another way of annotating as shown in one of my charts above is a bullish wedge still intact with the apex closing in first week of March. This scenario means a retest of support between $7k and $8k is plausible in February. And the topmost overhead resistance will be ~$40k by the end of April.

    UPDATE: I’m favoring the following interpretation of BTC/USD with a dip back below $8k before breakout of wedge/flag:


    (click to zoom)

    Also appears to me LTC/BTC will decline to 0.060 – 0.063 range, then surge in February/March to ~0.095. I still think there will be a surge of GRS/BTC to ~0.00003 – 0.00004. Thus a 50 – 100% gain in BTC in these altcoins remaining on next surge. At that point, I would want to be entirely out of altcoins until after the May 14 halving at least, with the possible exception of BSV.

    Regarding the posited SegWit donations attack at the May 14 halving event, Craig Wright claims to have received access to the ~1 million BTC Tulip Trust funds:

    https://beincrypto.com/bitcoin-craig-wrights-courier/

    [-]
     5 years ago 

    I have seen you mention groestlcoin as a good coin before. But why is this coin good? I don't see what is so special about it? what separates it from other coins?

    [-]
     5 years ago (edited)

    Based on the findings of a new blog Bitcoin Preparing to Rocket Launch? I just posted, I have become bearish on altcoins after February 10. We have a small window between now and perhaps end of this month, for altcoins to make their final rallies as priced in BTC.

    Given the conclusion posited my said new blog that January 18, 2020 corresponded to April 2, 2019 in terms of a repeating fractal pattern, then GRS/BTC peaked before April 2, 2019 and so has already done so for this cycle also. I now only expect to make a similar relief rally as it did after April 2, 2019. Proportionally that would take it back up to 100 and 200 DMA which are currently standing at ~0.000024. I’m a seller there and won’t be coming back.

    The reasons I originally was interested in GRS is made some tremendous gains in BTC with it only the rallies before April 2, 2012.

    UPDATE Jan 30, 2020: I did sell GRS at 0.000024 as predicted, but now I am repurchasing below 0.00002. I originally was uncertain whether altcoins were going to moon after the halving thus relative to the impostor Bitcoin Core declining to ~$0 price as the posited SegWit donations attack proceeds at that juncture. Now it appears the mooning will be right now in February. I wrote the following update in email yesterday:

    URGENT. VERY IMPORTANT.

    The altcoins are preparing to breakout to the upside as they did in February 2019.

    Litecoin will within days likely make a lurch upward to 0.0085 BTC to ~$90 as BTC moves to ~$10.5k.

    Then two more lurches up between now and before mid-March, first to ~0.01 and then to ~0.015 BTC. The 0.01 will likely be to ~$117 and BTC at $11.6k approximately 2nd week of February. Then 0.015 and north of $200 for LTC and $15k for BTC late February or early March.

    GRS to 0.000037 at least. Upside possibility is 0.00007.

    After those peaks, altcoins will decline relative to Bitcoin and Bitcoin will assert itself strongly going into April. Make sure you entirely sell out of altcoins on those peaks.

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