Take a look at the coming BITCOIN-BLOW-OFF-PHASE just in front of us

in #news7 years ago (edited)

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We are moving into a very exciting development phase of Bitcoin and for that matter Alt-Coins in the next few Months.

BTC Kraken in Euro.jpg

Yesterday I was observing the first Bitcoin price spikes on the Kraken Exchange in Euro denomination and thought those were exhaustion spikes. This morning they are continuing and I've come to another conclusion. The asking price for BTC is drying up. It is hard for Big-Money to buy into BTC without moving the price extremely in an upward direction.

Bitstamp Dollar Bitcoin Logerithmic.jpg

Take a look at this Chart above. It is Bitcoin in Dollar terms from the Bitstamp Exchange in Logarithmic form. It looks different compared to Linear terms, see here .

I've drawn in a view lines. (1a) and (1b) represent the same stage in Bitcoins run to the Moon in which each Candle is one Week. (1a) has a price of $34.37 and (1b) today $2305 at the moment of frame freeze. (2) has the price print of $165.54, a difference to (1a) of $131.17 or a plus of 381.6%. Now you get a consolidation for a Time frame and then the run continues to point (3) $1153.50 Dollars or a plus again of 596.8%, nice run.

Now we covert to today’s price numbers. From (1b) to (2b) not on the Chart, we go up approximately 380% … from $2305 to $8759 to consolidate a bit and continue up from point (2b) to point (3b) also not on the Chart but another approximately 6 fold to $52 554.00 Dollars within M-A-Y-B-E 9 Months if History repeats itself, do I dare to say faster. No, but why not. Lets look at something else.

Kraken Volume Bitcoin.jpg

The top image is a ledger of the Volume in the last 24 hours in Bitcoin Trading in different Markets. By Bitfinex you can buy Bitcoin with Dollars and by Kraken in Euros. This are the two exchanges with the highest Volume in Fiat Currency. Add these two Volume up and you come close to the Volume that is Traded by Poloniex between Bitcoin and Ether. Funny isn’t it. US Banks and European Banks are converting Money from local Currencies into Bitcoin then Buying with BTC in the most Liquid Market Poloniex Ether so they can Transfer Money Back and forth.

Take a look at this Article , from CNBC Financial news Channel. The Title “Bigger than bitcoin? Enterprise Ethereum Alliance grows in size”. These are Banks and Fortune 500 Companies working together in this Consortium which is all about Ethereum, the Crypto-Currency Platform with Smart Contracts. One could read about this for months already, but this is happening NOW, and they haven't even rampt up jet. They are just getting started.

This is why one can observe these different phases in the Charts. It's nothing but implementing the decisions that have bin made by Banks and Companies. Once we reach the $50,000 Level by Bitcoin not to mention Ether and co, then the next phase will be implemented. Introducing the Mittelstand and Small Businesses to the Platform and lastly the Consumer in a Big way will join the Transformation from Fiat Money to Decentralized Cryptocurrency. Were will the Price be then.

For starters we might have a few Mile-Stones that we can orient ourselves. No one can precisely know how the Future will Evolve but concerning Digital Currency it looks very likely Rosy.

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Totally agree with you.. Bitcoin has immense potential to reach $10000 by next year .

Ether is starting to show the same symtoms. It jumpt 10:30 CET on Kraken in Euro terms from €165.00 to €246.00, a plus of 49%. That just can't be fat Fingers as they say in the Stock Market when someome buys or sells accidently too much of something.

11:37 ECT, just jumpt quickly to €389.01 from €163.00

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