Hello dear Steemians and Dtubers!
Today, in this #video I compared the current wave (or cycle, or downtrend) of the Bitcoin price chart and the last one that was between the end of 2013 and the beginning of 2016. In the video I just wanted to express my point of view, that each wave on the price chart of Bitcoin has its own story and explanation, and those stories are completely different. That's why, in my view, it is appropriate to claim that all waves/cycles on the price chart would be the same (will last for the same periods of time).
Enjoy watching the #video and, please, comment!
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 12 and a half years, and as a cryptocurrency analyst for the last almost 2 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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Good job
Thank you!
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Very educational! Well done @cryptospa !
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@toofasteddie, thank you!
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That is some great analysis buddy. That Mt Gox collapse hit bitcoin and other Cryptos really bad in 2013. I am keeping my fingers crossed that the lightning network will solve the scalability of bitcoin.
Nobody seems to know when this will happen and if we are at bottom or not. I watched an interesting interview on Ivan on tech channel. He was with Tyler Jenks who has been reading charts for many years. I think 40+
He says that bitcoin is undergoing a hyperwave and that it will probably drop to $1000 before it begins to grow.
That's his analysis but I bet time will tell how things will turn out. I had some morning activities, now on a break but will be out walking later this afternoon 👍😁
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@practicaleric, could you send me the link of that interview.
Btw, I did a couple if videos on Bitcoin in the end of November... I also think that BTC may drop below $2000 and reach levels close to $1000. I said this in my videos in November-December. And I explained why I thought so. But, of course, it would be nice if all of a sudden the scalability issue is solved ... and the price of BTC start rising again. Btw, I have worked with charts on a daily basis for the last 13 years. BTC is still in a Downtrend. So, it is quite possibly that this year we will see levels below the current ones.
But, let's see...it may turn out that the LN surprises us.
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Here is the link to that interview about hyperwave analysis.
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Thank you! I will have a look at it.
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Thank you for the explanation that it makes no sense to compare the last jump in the chart with today.
@behelen, thank you for stopping by. I am glad that you liked my analysis.
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Thank you!
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