BTC update 08.02.2020
Has it already started right before our eyes? Are the bulls really going berserk? Sometimes it is hard to believe what you see.
My confidence in those two counts is not very high yet but this could change soon.
If we are actually going to reach my target of 222.222$ by the end of 2022, both counts are absolutely plausible.
I hope it is not the second one because it would mean that the best buying opportunities are over. This is bad if you want to buy in cheap...
I am kinda happy with my HODL stack already, but greedy me wants more...
Did you know that after the halving in May 2020, 900 less Bitcoin per day will be mined? Did you also know that there is not enough BTC in existence for every high net worth individual in the world (>10 million USD) to own just one single Bitcoin?
Go figure what will happen once the demand really kicks in. The FOMO is going to be bigger than anything the world has ever seen.
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Only 90 days left for the halving, will see what happens next
Nice update and counts! However the ending diagonal pattern, the stagnating RSI and the weakening MACD have me skeptical about any sustainable surging in the short term, IF this was to occur. In my humble opinion, it would be way healthier to have a small correction down to the $8600-9000 range.
I've already cashed out some profits, just in case...
I see what you mean but this is not an ending diagonal because the wave structure is clearly 5-3-5-3-5
and not 3-3-3-3-3.
You may be right on the counting, even if I think this is debatable. However I'm still willing to pay strong attention to the shape of the pattern itself and see how it plays out. I guess it's just a matter of "be fearful when everybody gets greedy" in my head at the moment.
On the daily, I don't see this as being too farfetched:
Not only that. The stockmarket is way overvalued already and reminds me on days in 99/00. And then the fed who is pumping 50-100 billions daily. This will inflate the dollar. I don't know when it's happening, but it is a question of time, when the financial system will collapse. That's why I am mainly in cash and only hold and accumulate only cryptos and metals and the "good" currencies (cash) right now.
The stock market is going to boom for at least 2 more years. Possibly 4-16 years more depending on how the count develops. That is what the waves tell me.
It is not overvalued as long as retail investors are not buying the highs. Retail is very fearful atm, hoarding cash.
The real problem with this is that you cannot plan to invest in stocks for the longterm anymore. If you, do you will very likely be crushed.
It is clear that the market is bullish because of the coming halving
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