SUMMARY
Many are saying that the current correction is reflective of the 2014 bear market (blue box). There is uncanny similarity in pattern and price between the blue box price movements and the current correction (white box). IF the fractal correlation stands, the white arrow projects a similar, long and drawn out bear market. However, I don't believe the conditions of sentiment are similar. More importantly, the liquidity and network effects are now dramatically more mature than in 2014.
I believe the fractal could be more related to before 2014. The below chart shows the blue box to occur prior to the 2014 bear market. That correction has uncanny similarity to the current correction. The blue box shows price rose 2,539% following the correction!!! Consider this for a moment. The white box shows the current correction and fractal similarity to the blue box. IF price goes near vertical like it did prior to 2014 and rises 2,539%; that would bring bitcoin to $147,112. AND, this could potentially ALL happen within 2018 or slightly leak into 2019. When, not if, when BTC is $147,112; what price do you think STEEM and SBD will be at? As the old Wall Street adage goes....be long term greedy; but don't forget to gratefully and humbly take your profits!
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.
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Bitcoin pissed me off so now I'm shorting it! awe
Oh, this seems like a truly terrible idea in hindsight :P
No wrong in shorting :)
@haejin Could you make an update on ADA? Here's my analysis. Looking at a price jump soon perhaps.
https://steemit.com/cryptocurrency/@benkalashnikov/cardano-ada-analysis-bottom-has-hit
Where is @Haejin's office located at? I would like to come sign up for a one on one personal coaching session? I need his name & location where his business is located at. Please someone tell me where I can find this information at.
Would be more than funny .. lol
I'm looking forward to such a rise!
I cried...happy tears...I don't doubt this call at all...I think long term, I'm going to be greedy...
I can't agree more!
I posted a similar valuation in January I think, and probably lost a couple of followers in disbelief because of what may seem beyond possible to some, but I am still certain we will see price far, far above $100k within a year.
I just HAD to upvote this.
Because your're a moron?
That's an interesting theory. It COULD happen. However, I'm going to say the outlook is less optimistic for the following reasons:
TAXES & Regulation. The governments and big banks will, no doubt, be taking their overly large share of other people's success - as they have always done. Do you think they are going to let everyone in cryptos become millionaires without some serious resistance?
This year, 2018, is not like 2017. We might get a good, big upward spike this year - but this time it could also take longer to develop the needed momentum. That's because many of the ALT-coins are probably going to turn up as scams and failures - such as BitConnect. Ok, probably not that obviously bad, but many smaller and similar scandals and choke-artists will take their toll on cryptos in the future.
The overall situation with the U.S. Dollar is now worse than it was before. The "money reset" is closer. The "Petro-Yuan" is now in play. It will begin to take its' toll on the U.S. dollar, and it will increasingly disrupt world markets as time plays out. The U.S. Dollar is dead - but most people are just beginning to get used to that idea. There could easily be wars fought over this situation in the next few months or years. Geopolitics will include Black Swan events going forward. By definition, we do not know how or when they will happen, but it's safe to say that humans generally screw things up - especially when it comes to power struggles over the control of money.
Charts are pretty and all, but sometimes they just may not matter in the bigger scheme of things. Right now, we do live in interesting times. Anything could happen.
May God rain abundance to us all 🙏🏽
I agree. The bear market of 2014 was because so many people really thought crypto was dead for good following the Gox incident. Many people thought their funds would never be safe and the biggest exchange in a very limited market was done for. Now the only reason people don’t believe in btc is because the price has dropped from its high and that’s about it. The fundamentals are still the same and a trustee from MT gox holding a billion in btc won’t have a drastic effect on the market. It’s not a question of if but a question of when, when determining the next btc breakout.
Looks very logical to me...even if BTC dips to $4000 it would still fit within this narrative and to me, if you channel this you can see the most proportionate and symmetrical pathway would bring BTC more in line to the top of the channel...thanks for the great post haejin
Where is @Haejin's office located at? I would like to come sign up for a one on one personal coaching session? I need his name & location where his business is located at. Please someone tell me where I can find this information at.
Very good... but this TA from 11 days ago still remains the best for the moment: http://cryptosrocket.com/btc/2018/03/29/lets-see-the-big-picture-and-whats-next
it certainly don't :) That article don't see any big picture but the authors nose lol
Are you crazy? Look at the second chart (closer view)... its from 11 days ago and it shows the last wave hitting 7.2k and going down... Exactly as it actually happened today!!! I also like what I see here, but I've never seen a haejin's btc TA being so accurate for so long. If you can't see this, you must have a vision problem. LOL
I think I have to re-evaluate and agree with you, as I don't find the second chart so off afterall.
I may be biased as I remember another chart late in March from the same author going to 9k or something.
I might also had a vision problem coming home from a party last night.
You are rightfully LOLing me here :/
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I'll really die, if it'll be happened.
That is some crazy news! I believe in your calculation @haejin. Will remember your call when this happens! Thank you for your good work!
nobody knows what will happen but be positive~~~
Is this post An Exciting Announcement you said?
If BTC will come 147K then I will have vacation for me.
Work and KRW mining bull shit!!
No, it's not it. That is to come.
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Check out @TruthTrader. It tracks Haejin's performance. I give #Hgin a BIG FUCKING F For FUCKING FAILURE!!!!
WARNING - The message you received from @Haejin or @StarJuno is a CONFIRMED SCAM!
DO NOT UPVOTE & DO NOT TRANSFER any funds to these people!
Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION.
Any money you send to this criminal organization can be traced back to you.
For more information, read these Steemit Blogs:
@FlagAWhale | @TruthTrader | @IKnowWhoYouAre | @Steemit-Abuse
You must be trying really hard for new followers. You are so fucking pathetic. Hey guys I predict BTC will be $250,000 by June come upvote my post now!!! My blog is way better than this one!!!
해진님.
라이언 입니다.
주노님은 잘 지내시는지 모르겠습니다.
계신 곳도 많이 춥나요. 뉴스에 이상한파 가 왔다고 하던데요. 한국도 4월인데 눈이 왔답니다.
너무 좋은 장미빛 전망을 이야기 해주셔서
기쁜데... 공격하는 버니 일행들에겐 더 좋은 이야깃 거리를 준 것 아닌가 해서 걱정도 됩니다.
건강하세요~ ^^
Cryptocurrency associations and businesses from Switzerland, Kazakhstan and Armenia have joined the initiative to sue Internet corporations over restrictions on crypto-related advertisements. The class action lawsuit will be filed in New York. Legal costs will be covered with funds raised through donations to a wallet registered in Estonia.
https://news.bitcoin.com/more-communities-join-the-legal-action-against-crypto-ads-ban/?utm_source=More%20Communities%20Join%20the&utm_medium=telegram&utm_campaign=Telegram%20Channel
What is happening with BITCOIN AND ALT COIN>>>>> CAN ANY ONE EXPLAIN
Check out @TruthTrader. It tracks Haejin's performance. I give #Hgin a BIG FUCKING F For FUCKING FAILURE!!!!
is the bull run in cryptos confirmed?
No.
Of course, every prediction comes true. There is no way to determine the future. It's something in between of luck and knowledge, but not a 99% chance.
@YoshiLivo
weet je nog laatst had ik 't hier nog met je over. Ben kennelijk niet de enige die dit zag
John McAfee predicts at least 1mill by 2020!
hope you're right
looks tasty
Look like tasty, hope will right for this post.
Hedge Fund Titan George Soros Is Getting into Cryptocurrencies
http://fortune.com/2018/04/06/george-soros-cryptocurrency-hedge-fund-bitcoin/
That is NOT good news. This guy is known market manipulator.
The price is relatively the capitalisation diveded by the amount of coins. When the capitalisation would rise to one trillion, the price would be at least around 50k. This price isn't very unlikely to happen soon, but it needs the investors and now it is not a time of high interest. But the future will be! Probably.
Thanks, I know Elliottticians don't care about news BUT if Btc hits that price I am betting on extreme inflation kicking in. This is also why the coming correction in gold is coming. The gold and silver manipulators are going to force gold and silver down even more. Prepare yourself accordingly.
interested in your basis for this analysis ?
I see a fractal as well. After Jan 2014, BTC went on a slide that lasted for 18 months.
So the current price slide, by the provably correct "fractal math", could also go on an 18th month price slide.
I'm trying to decide which is more full of BS?
Fractal pricing? or the TA nonsense?
A BTC price target of $15,000 to 20,000 by the end of 2018 is possible.
is that why you are collecting steem and sbd with your 200 post a month spam rate ?