The slow run to $4k, before ETF takes us to the moon

2018年7月31日

Many insist that a bull run is "long overdue", but with the previous epic bull runs in mid-2011, early 2013, late 2013 and late 2017, we have a history of one to four years between each moonshot. Although we all know anything can happen in crypto, we can also look at what is most likely:

• It is less than one year since the last epic bull run, making anything before 2019 quite "early"
  
  
• It is widely expected that the various upcoming ETF application decisions will be postponed until Feb/March 2019. This will be very bearish news.
  
  
• The expiration of BTC Futures always coincide with a bearish few days... the next few months have at least five of these expiring - equals more bearish pressure.
  
  
• Bitcoin only costs around $3,000 to mine in China, where around 70% of all new Bitcoin are produced. Hence we can easily drop to $7k, $6k, $5k, maybe even $4k. On this day last year Bitcoin was $2855 and had never been higher - therefore all these values represent long term progress for BTC.
  
  
• This drop to a nice cheap Bitcoin would then coincide with the (hopefully) positive decision for the SolidX/VanEck/CBOE Bitcoin ETF application in late Feb/early March 2019... which will likely be the catalyst we need for our next moonshot to $50k and beyond.

How many Bitcoin will you buy if we hit $4k?

Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.

2018年8月3日

註釋

This is playing out well, so far down 5% since my initial prediction.Will slow down now as we make our way through $7300 resistance, then on to the next resistance at $6500.

Bear in mind the second week of August will prove pivotal, due to the ETF decision/anticipated postponement of a decision until 2019.

2018年8月4日

註釋

As expected, straight through to below $7000!

2018年8月6日

註釋

We're meeting resistance from the 50 Day Moving Average at $6930 - looks like only a matter of time until we break clear of it. Currently still within it's clutches at $6900.

2018年8月14日

註釋

Next drop (and it's coming) will take us down to $5800 and critical support. If we break through, we should head further down to $5200, where I anticipate this sell off to cool down.

Press play on my prediction above to see how it's been playing out - can't say it wasn't anticipated!