Not much new to report here. Long term forecast proved quite correct so far so I just some minor adjustments to include latest developments. Chart shows quite ambitious mid term goals. To summarize, if we can trust this analysis -and I myself consider it very ambitious as I found my one from January - we should leave long term accumulation phase soon to enter mind blowing stage two of the adoption process. Keep in mind we are talking about exponential developments here. Also mid term correction due to upcoming S2X is still possible. Lets see how that plays out.
Should the curve be redrawn? Or we go to support and continue from there? I guess we touch support or else we should draw a vertical line instead of a curve.
mikenz
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@Villar.martin, I dont see a reason to rewrite it. It just describes an exponential trend. Of course sooner or later btc will reach a peak and break the curve to start a new pattern. right now we cld go back to 10.6k as a short term correction without breaking it.
simpelyfe_
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Nice Mikenz! I'll be playing attention to this chart closely.
Great as always, is there any particular indicator for entering stage two?
mikenz
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@Villar.martin, generally speaking, basic indicators for stage 2 are increasing flows of wall street money in btc and non tech-savy stock investors starting to fomo and open up to the idea of buying some bitcoin, while Stage 1 includes mainly nerds, coders, visioneers and tech-savy people.
villar.martin
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@mikenz, I think it's already in its early stages then, thank you for your reply.
ChickenNugger
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I love this chart. Would you say it's safe to assume we're well into that "mind blowing stage two" you speak of? If stage two were a baseball game, what inning would we be in?
mikenz
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@ChickenNugger, As I say I only describe makro trends I cannot more then guess about so exact information as the which day and how high. However seeing the discussion forums in newspaper and economic magazins still full with comments of people who do not understand how crypto can actually work, what it is and what a blockchain is useful for it feels like the internet in the mid 90s. Which means in the next years there should be still lots of room room to grow upwards. But keep in mind corrections can be cruel in bitcoin so dont overinvest. If you achieved some profit, you can split your earnings like half btc half usd for funding. Current interest rates are not bad with >30% pa. on finex for instance.