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Bitcoin: Does it have a future ?
Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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 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.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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.
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Rank: Member Joined: 9/11/2015 Posts: 244 Location: Thika
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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 Since men have learned to shoot without missing, I have learned to fly without perching
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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One by one, they see. Paul Tudor Jones Buys Bitcoin as a Hedge Against InflationQuote: 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.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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rwitre wrote:One by one, they see. Paul Tudor Jones Buys Bitcoin as a Hedge Against InflationQuote: 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.”
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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 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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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! 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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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.
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Rank: New-farer Joined: 4/28/2019 Posts: 88 Location: Talai
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This is the most active THREAD OF DISCUSSION FOR BITCOIN
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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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!) 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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