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Bitcoin: Does it have a future ?
mnandii
#1181 Posted : Friday, April 10, 2020 9:30:17 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095
VituVingiSana wrote:
mnandii wrote:


BITCOIN has now bottomed at $6362.50.

Expect a three wave correction to about $7000 but which should not go below 6362.50.

Afterwards a strong third wave that will take Bitcoin to above and beyond $19280s, the previous all-time high.

All the best in your trading or investment (you'll need Bitcoin to transact soon when your currency goes the Zimbabwean or Venezuelan way).

This was posted on 30 Jan 2020 but on between 13 Mar 2020 - 22 Mar 2020 it was below $6362. I used Google Finance so these might be average prices.

The wave count was updated.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1182 Posted : Friday, April 10, 2020 9:34:16 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095
mnandii wrote:
VituVingiSana wrote:
mnandii wrote:


BITCOIN has now bottomed at $6362.50.

Expect a three wave correction to about $7000 but which should not go below 6362.50.

Afterwards a strong third wave that will take Bitcoin to above and beyond $19280s, the previous all-time high.

All the best in your trading or investment (you'll need Bitcoin to transact soon when your currency goes the Zimbabwean or Venezuelan way).

This was posted on 30 Jan 2020 but on between 13 Mar 2020 - 22 Mar 2020 it was below $6362. I used Google Finance so these might be average prices.

The wave count was updated.

I know what the next comment will be Sad
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
rwitre
#1183 Posted : Saturday, April 18, 2020 12:03:53 PM
Rank: Member


Joined: 3/8/2018
Posts: 429
Location: Nairobi


Laughing out loudly Laughing out loudly

mnandii
#1184 Posted : Friday, April 24, 2020 2:19:49 PM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095


Bitcoin. A move below 7,000 will imply further weakness with downward targets at 5,000 or 4,500.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1185 Posted : Wednesday, April 29, 2020 3:24:07 PM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095


BITCOIN. Bearish scenario abandoned. Now looking UP to at least 12,000 and much further.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1186 Posted : Thursday, April 30, 2020 7:49:50 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095


I would like to see Bitcoin penetrate strongly the Upper trendline so as to maintain the bullish bias. Otherwise a Touch and Fall from the trendline will imply a zigzag pattern with bearish consequences.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1187 Posted : Friday, May 01, 2020 8:30:05 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095
mnandii wrote:


I would like to see Bitcoin penetrate strongly the Upper trendline so as to maintain the bullish bias. Otherwise a Touch and Fall from the trendline will imply a zigzag pattern with bearish consequences.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1188 Posted : Friday, May 01, 2020 8:34:48 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095


Bitcoin hit our Upper trendline and imediately fell off it. I maintain a bullish view. I expect Bitcoin to move as depicted by the trendlines.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1189 Posted : Thursday, May 07, 2020 6:33:38 PM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095


BITCOIN.

The pop above 9450 has confirmed our bullish bias. But I expect a bearish correction to Down to about 7600 before we start once again the BIG move UP. Bitcoin will exceed the last high of 19,000.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
Jon Jones
#1190 Posted : Thursday, May 07, 2020 10:08:52 PM
Rank: Member


Joined: 9/11/2015
Posts: 104
Location: Thika
mnandii wrote:


BITCOIN.

The pop above 9450 has confirmed our bullish bias. But I expect a bearish correction to Down to about 7600 before we start once again the BIG move UP. Bitcoin will exceed the last high of 19,000.


You are wrong more often than you are right Laughing out loudly Laughing out loudly
Since men have learned to shoot without missing, I have learned to fly without perching
rwitre
#1191 Posted : Thursday, May 07, 2020 11:15:28 PM
Rank: Member


Joined: 3/8/2018
Posts: 429
Location: Nairobi
One by one, they see.

Paul Tudor Jones Buys Bitcoin as a Hedge Against Inflation

Quote:

Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s.

“The best profit-maximizing strategy is to own the fastest horse,” Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation.’ “If I am forced to forecast, my bet is it will be Bitcoin.”

Jones, who said his Tudor BVI fund may hold as much as a low single-digit percentage of its assets in Bitcoin futures, becomes one of the first big hedge fund managers to embrace what until now has largely been snubbed by mainstream advocates. He was motivated to take a hard look at Bitcoin after considering the implications of massive fiscal spending and bond-buying by central banks to combat the Coronavirus pandemic, he said.

By his calculation, $3.9 trillion of money, the equivalent of 6.6% of global economic output, has been printed since February.
Spikes
#1192 Posted : Friday, May 08, 2020 1:21:00 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,797
Location: Mombasa
rwitre wrote:
One by one, they see.

Paul Tudor Jones Buys Bitcoin as a Hedge Against Inflation

Quote:

Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s.

“The best profit-maximizing strategy is to own the fastest horse,” Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation.’ “If I am forced to forecast, my bet is it will be Bitcoin.”

Jones, who said his Tudor BVI fund may hold as much as a low single-digit percentage of its assets in Bitcoin futures, becomes one of the first big hedge fund managers to embrace what until now has largely been snubbed by mainstream advocates. He was motivated to take a hard look at Bitcoin after considering the implications of massive fiscal spending and bond-buying by central banks to combat the Coronavirus pandemic, he said.

By his calculation, $3.9 trillion of money, the equivalent of 6.6% of global economic output, has been printed since February.


This is a must read. Let me sleep when I wake I want to extract important things from this one.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
mnandii
#1193 Posted : Sunday, May 10, 2020 8:56:26 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095
Jon Jones wrote:
mnandii wrote:


BITCOIN.

The pop above 9450 has confirmed our bullish bias. But I expect a bearish correction to Down to about 7600 before we start once again the BIG move UP. Bitcoin will exceed the last high of 19,000.


You are wrong more often than you are right Laughing out loudly Laughing out loudly


Do you still stand by your statement? Bitcoin has fallen as I expected!
And yes, analysis is hard business. It is a given that many times the analysis will be wrong. But with Elliott Waves at least you can tell where you need to update your forecast.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1194 Posted : Sunday, May 10, 2020 9:19:14 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095
mnandii wrote:


BITCOIN.

The pop above 9450 has confirmed our bullish bias. But I expect a bearish correction to Down to about 7600 before we start once again the BIG move UP. Bitcoin will exceed the last high of 19,000.




See the bulls**t people rely on to 'forecast' the market! Forecast in quotes because it isn't all that. A person waits for a market to move in some particular direction then they imediatelly attribute the market move to some faceless omnipotent smart money! All that without a blink. Massive pump and dump ehh! Shame on you

I've said this before and I'll say it again: NO ONE MANIPULATES a liquid market the likes of Bitcoin! No one!

We already expected the market to move down in a wave [c] and that is precisely what is happening.
Of course there are instances where the analysis go wrong. It is a given. But with Elliott Waves you minimize your losses considerably and it is the only method of analysis where you get to know at what point you are wrong. You cannot do that with any other method. And when we do catch a move be assured it is a big and worthwhile move. That's what drives us.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1195 Posted : Monday, May 11, 2020 8:18:25 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095


BITCOIN Daily Chart. Bitcoin dropped as we had anticipated in a previous post. BUT BE READY to BUY. Wave [c] of 2 is completing. The next move is UP Strongly! I'll only be wrong if it drops to 6,460 but this is VERY UNLIKELY.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1196 Posted : Monday, May 11, 2020 8:23:06 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095


BITCOIN 1 HR Time Frame. A small minuette wave (iv) then a drop in wave (v) of [c] of 2. Target likely 8436 or 7920. THEN a strong turn Upwards. Be ready!
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1197 Posted : Tuesday, May 12, 2020 7:27:44 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095


Bitcoin should blast off from here. Next targets lie at 13,000, 14,000 and 16,000. BUY.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1198 Posted : Thursday, May 14, 2020 1:14:46 PM
Rank: Veteran


Joined: 10/11/2006
Posts: 2,095


Bitcoin. The rally we have been waiting for is now happening! Targets remain higher..
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
ARAPCHARLEE
#1199 Posted : Thursday, May 21, 2020 10:49:30 PM
Rank: New-farer


Joined: 4/28/2019
Posts: 48
Location: Talai
This is the most active THREAD OF DISCUSSION FOR BITCOIN
VituVingiSana
#1200 Posted : Friday, May 22, 2020 12:05:16 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,015
Location: Nairobi
mnandii wrote:


Bitcoin. The rally we have been waiting for is now happening! Targets remain higher..

You sound like @Obiero and KQ.
And currently KQ is beating BTC (& everyone else!) Laughing out loudly Laughing out loudly Laughing out loudly
And on decent volumes too.
*Not a recommendation to buy KQ
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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