Following the Bitcoin (BTC) Trendline = Long Term Greed!!
SUMMARY
On BitcoinLive; daily Crypto updates are made available while also, on demand analysis requests are fast filled. Join us as we have now opened up monthly and quarterly subscriptions. Use this link: https://bitcoin.live?aid=110. Below is an excerpt of a recent Bitcoin analysis.
The Benner cycle was explained in detail on this Steemit post. It explained in detail the 8, 9, 10 year cycle highs as shown in the below chart:
The video posted on BitcoinLive has tons more detail and this chart is only an excerpt. The long term trendline of Bitcoin couples well with the soon to begin 9 year Benner Cycle bull market climb which is projected to start at end of 2018. Peak to peak; 2017 to 2026 equals 9 years. The below chart uses a Semi-Log chart and extrapolates the annual price points. The year 2026; the end year of the 9 year bull market shows $15,422,090. From $20k high to $15 Mil; how different is this following the exact same trendline from $0.42 to $20k? These dollar values are measured on the trendline and is more likely that actual prices will be ABOVE the trendline. At what price do you think STEEM and SBD will be in 2 years or 9 years? Precisely! Be Long Term GREEDY!!
Fractals and Elliott Waves and Cycles ALL JIVE:
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections
https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves
https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial
The cycles of life...big money trying to keep it down to buy in...don't be fooled. Be STRONG!!! HODL!!!
I agree that there is a bit of price suppression going on by the "Haves". However, these manipulators need Bitcoin to suppress or pump. I believe sooner or later, the main streeters will start grabbing every BTC the "Haves" release in their attempts to suppress the price. There will come a point when the "Haves" will get swamped in that the BTC they sold to suppress the price will "run away" from them so that they will have to buy back at 3x or 10x the price.
@haejin. I my opinion my expectation and prediction of the future price of steem is $100+ Am a long term Greedy being. Thanks for the wise advise.
Due to the passion i have about crypto and blockchain technology am doing research on several blockchain and crypto related projects. Currently the one am busy focused on is "Digitex" a transaction free bitcoin futures exchange with its native currency DGTX.
Digitex futures exchange is currently running a 6million DGTX tokens giveaway to the first 5000 people on its waiting list. The details to this can be located on this link below:
https://steemit.com/digitex/@yohan2on/fbggiuy-digtex-futures-6million-dgtx-airdrop-campaign.
I like your bullish sentiment on STEEM; and would be great if it actually came about.
I believe Digitex also can't service USA residents similar to BitMex. Most can VPN in...however, those who do don't consider the real potential for Bitmex to deny payment should you have amassed a 1,000% profit but was a US resident vpn-ing from Canada.
What about bitshares ?
I'll be posting on that today. It'll be a chart a few days old that was posted on BitcoinLive but still applicable.
I really hope so, my friend, @haejin. I want my family to understand once that I’m not just stealing the time of communication with them, spending it at the computer. You have strengthened my faith, thank you!
I wish you MASSIVE profits! One BTC fractal chart will be posted today.
Thank you very much! Have a great day!
@haejin i can't predict
Good work, this is great information and maybe most people have to really pay attention.
Steem on $10, Sbd $15 in two years... For 9 yrs, mhhm Steem $290, Sbd $320 :)) And Im long!
I truly wish you MASSIVE profits. At such levels, a few thousand now would certainly translate into wealth!
Interesting post, hopefully holds true after ETF and on another note I just put up my Gold LOD for cheap if you need another one to build your Army.... Lol
I'm bearish on Gold as I had posted not too long ago. Thus far, my gold chart has been precision hitting the bear targets.
$900 USD for my Lord of Darkness Gold Foil if interested on market..... @haejin Thanks
Oh God, I have six of them already. I’ve taken a hiatus from buying cards for now. Will get back to it later.
OK, cool cool. No problem.... Just giving you the opportunity, just trying to power up and also put up a Gold Spirit of the Forest for $900 USD... Have a great one....
We'll see. I think personally even though this fits very well from a trend/pattern perspective that its unlikely. It keeps us excited during a bear market, waiting however doesn't it..
More likely another further drop will come soon maybe 5k, then end of year/early next year see a nice upward movement maybe 30/40k..
See looking forward to the next rally and seeing the Alts thrive again.
My primary short term count target is $5,200 to $4,700. However that fits still into the trend because it its exactly at that range. So, as an Analyst, I believe this correction is at its terminal phase and in my 21 years of experience, the best time to aggressively buy is at the terminal ends of major corrections.
Yes thinking hopefully done by end of year, looking forward to seeing a nice rally and the Alts to explode as well- been accumulating mainly this year!
My faves are still BTS, STEEM, XVG!
The bottom is near but there is one more lower low towards $5,200 to maybe $4,700 coming; IMHO before a trend reversal.
Yes think you’re likely right, been such a long correction. Looking forward to the end! Still favouring great prices for BTS, Steem & XVG?
The correction is not over yet. It’s at the terminal phase. There is one more lower low towards $5,200 to $4,700 coming as the last capitulation run. It’ll be bone chilling but that’s when I’m buying.