My pessimism is not over yet! Incoming Bermuda triangle of death incoming.
(linked idea is redundant)
(linked idea is redundant)
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If it doesn't crash soon it's probably going to $10 000 000 before June 2018.
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I hold the opinion that some kind of Ethereum based crytocurrency (my guess is OMG) is going to be the new global currency, not BTC. There are many reasons for this:
1. The Economist Magazine 1988, has a coin with the symbol of an EMPTY set ∅ on the front. The word Ethereum actually comes from Ether which is the EMPTYNESS that light flows through in old Newtonian physics.
2. Ethereum has some occult symbolism. One of the earliest smart contract languages is called Serpent (a snake). Another smart contract language is called Viper (also a snake). You don't have to be religious to see the modern time connections of the world elite and satanism, If you manage to read between the lines. Bytheway, don't forget that the current global currency has a Illuminati pyramid on one side (it says MDCCLXXVI = 1776 the year Adam Weishaupt created the Illuminati just beneath).
But... What's my opinion worth if BTC doesn't actually crash? Zero. So... Let's see what happens...
socioecohistory.file...currency_by_2018.jpg
awakeandaware.ca/wp-...acy-meaning-temp.jpg
upload.wikimedia.org...rse,_series_2009.jpg
1. The Economist Magazine 1988, has a coin with the symbol of an EMPTY set ∅ on the front. The word Ethereum actually comes from Ether which is the EMPTYNESS that light flows through in old Newtonian physics.
2. Ethereum has some occult symbolism. One of the earliest smart contract languages is called Serpent (a snake). Another smart contract language is called Viper (also a snake). You don't have to be religious to see the modern time connections of the world elite and satanism, If you manage to read between the lines. Bytheway, don't forget that the current global currency has a Illuminati pyramid on one side (it says MDCCLXXVI = 1776 the year Adam Weishaupt created the Illuminati just beneath).
But... What's my opinion worth if BTC doesn't actually crash? Zero. So... Let's see what happens...
socioecohistory.file...currency_by_2018.jpg
awakeandaware.ca/wp-...acy-meaning-temp.jpg
upload.wikimedia.org...rse,_series_2009.jpg
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When I wrote the comment above the price was $15300 now 20 hours later the price is $11500. It would be cool if it could reach the Bermuda triangle below. Or maybe that's asking for too much...
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A new top could be at $15000 and then continue crash maybe?
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More blood coming soon probably.
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Next bottom at $7700 maybe? Right now the price is $15000
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Found some trend lines that I think will be "cocky" in the future. So if you believe BTC will further fall, then pick a level of your choosing and buy in close to a "cocky" line marked with black lines below:
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Oh, I didn't say I added a giant Fibonacci covering all of the BTC chart. Well I'll maybe show that another time.
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I'm very confident about he angle of those black lines. They don't have the same angle bytheway, and they happen to meet at $600'000 in year 2023 January. Doesn't mean anything except a very long term optimism. So if it were to crash to let's say $1000 this year then it would have some great gains to come afterwards (long term)...
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Brace for impact. BTC is closing in on a scary trendline again (actually a giant Fib. ring). What will happen? I don't know (bouncing there to go down is my guess).
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I've had a BTC chart since a while back covering all of the bitcoin history.
I don't want to publish it...
Hmm...
I don't want to publish it...
Hmm...
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In my opinion, don't worry. Finally hitting my trendline. This is most probably a turningpoint. BTC going up soon. Not trading advice.
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Guess it's toward $18k level again, where a resistance patiently awaits.
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Came to think about something this weekend. Is BTC "too big to fail"?
Currently it's the market cap as 1/3 of Apple (the largest company in the world). So can these money in BTC just vanish? Well... The money in BTC is in a way actually not really comparable with the market cap in other companies since it is based on financial skepticism. What this means is that if BTC happens to start crashing money would start fleeing for other safe havens. BTC investors are the opposite of stupid. Well normal people would probably consider them naive but the opposite is true, due to the corrupt world financial system we live in. So, money would start flowing into gold and silver. If you calculate the value of the world wide production of silver every year (27,000 tonnes at year 2016) at current silver price (547 $/kg), that's only $14.8 billion!
We now understand that only 7% of the market cap of BTC would be able to buy up the complete world silver production, at current prices. It is clearly too big to fail.
Everything the so called financial experts do is playing hide and seek with financial indicators, redefining the way of calculating inflation, redefining what is unemployment and much much more - they don't actually solve any problems. You probably (hopefully) know this already. But, what they can't redefine is the willingness to buy monetary precious metals like gold and silver. Sure they can play with the price but all the sudden there is no more for sell. Just like in communism, the food shelfs finally is empty, and in this case the amount of physical gold and silver for sale.
Currently it's the market cap as 1/3 of Apple (the largest company in the world). So can these money in BTC just vanish? Well... The money in BTC is in a way actually not really comparable with the market cap in other companies since it is based on financial skepticism. What this means is that if BTC happens to start crashing money would start fleeing for other safe havens. BTC investors are the opposite of stupid. Well normal people would probably consider them naive but the opposite is true, due to the corrupt world financial system we live in. So, money would start flowing into gold and silver. If you calculate the value of the world wide production of silver every year (27,000 tonnes at year 2016) at current silver price (547 $/kg), that's only $14.8 billion!
We now understand that only 7% of the market cap of BTC would be able to buy up the complete world silver production, at current prices. It is clearly too big to fail.
Everything the so called financial experts do is playing hide and seek with financial indicators, redefining the way of calculating inflation, redefining what is unemployment and much much more - they don't actually solve any problems. You probably (hopefully) know this already. But, what they can't redefine is the willingness to buy monetary precious metals like gold and silver. Sure they can play with the price but all the sudden there is no more for sell. Just like in communism, the food shelfs finally is empty, and in this case the amount of physical gold and silver for sale.
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Today Mike Maloney (a precious metals dealer) is talking about Bitcoin owners diversifying into gold and silver, a chart that seems to grow exponentially.
www.youtube.com/watch?v=18WLvcY9...
Bitcoin is clearly too big to fail!
www.youtube.com/watch?v=18WLvcY9...
Bitcoin is clearly too big to fail!
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I'm carefully following 25 crypto-currencies daily. Among those 25 coins I have found 6 pure diamonds, with the most beautiful patterns and upside potential. I'm going to try to impress on my subscribers by having the most optimal timing - to make it really clear that I'm beginning to understand what I'm doing. It will be epic... Let's turn the trading world upside-down. :)
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I'm really looking forward to publish them. It will literately shock this dimension, when destiny is reinforced in a feedback loop, maybe even creating some kind of resonance.
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Hey central banks. Listen up. We want more QE into the crypto market. If the price goes down we will buy gold & silver - physical. Central banks the last few years has started to "talk" to the market, instead of using the interest rate as a means for regulation. It's because they can't raise interest rates, because that would make them look bad. So make us all millionaires and pull down that printing lever and buy up some cyptos. It's ok, it probably won't increase the money velocity - since people avoid bringing the crypto gains back into the fiat banking system. It's a win-win.
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Zoomed out again... (Didn't move black lines since Januari 1st)
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Those black lines converge January year 2023, at price $600'000. That's a really strong attraction point. Even if BTC started to fall we would always have a pattern pointing in that direction.
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Possible continuation pattern?
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Ok, hitting a BIG support now.
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Permanently breaking down below the outmost Fibonacci ring is hard to do.
There is a strong support there.
There is a strong support there.
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