We've entered the Orange Zone
There's no turning back now, Bitcoin has entered the most explosive period of the bull market
If you have seen the graphs put up by PlanB on CT, you likely have an idea that orange is good.
In fact, orange is very good.
Look back at the past bull markets and we can see that the orange dots saw the most explosive price gains compared with every other color.
Sees:
(Source: https://twitter.com/100trillionUSD/status/1356167370532921344/photo/1)
And the big takeaway is that the lighter the color orange the better.
Right now we are still transitioning from red to orange, so the big moves may still be a few months away, but they are coming.
I don't know about you, but it blows my mind how predictable this whole thing is.
I mean we have a blueprint right in front of us for what bitcoin is going to do and when and yet people still doubt it.
We don't have a ton of history to go off of, but it seems to me that we should keep going with it until it doesn't work anymore.
This stock to flow model has been spot on and it looks like it's calling for at least $100k in the coming months.
Seems we are somewhere in this range currently:
(Source: https://twitter.com/DrBitcoinMD/status/1356376972763549699/photo/1)
Elon assured me that the early majority are coming very shortly, better get all the sats I can before they goggle them all up.
Exciting times ahead.
Hopefully the world doesn't implode before this cycle peaks so we can all witness this play out at least one more time.
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You mean if the world implodes BTC won't do anything for me ;)
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It's still up in the air.......... it could or it could not. What's your guess?
I'm ready and waiting.
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It's been a long time coming. This chart makes it look so simple. Just buy the green and sell the yellowish orange.
I have a better one for you.
Just buy and never sell.
How about that, huh?
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That is nice. But I am greedy and I want to buy the bottoms of these cycles and sells de tops. Plus you know, I do like to eat out at the Red Lobster from time to time. :)
That chart looks good, and it is the type of long term metric I always go look at when BTC gets choppy and drops like 5k in a day lol
I'm wondering if we're going to get a run on Ethereum first while Bitcoin trades sideways some more.
This would be really healthy for all the altcoins that us crypto junkies hold ;-)
I'm pretty certain that if ETH broke out we'd continue to see alts as a whole gain against their Satoshi pairings and an altseason of sorts would be underway. I wrote about this theory today on leofinance and I'm hoping that the crystal ball is right as I've taken a punt on some low-ish cap defi gems.
Exciting indeed :)
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Looks like eth is already running.
haha, just as I predicted. I love it when a plan comes together 😂
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Oh, boi, I love this! Brace yourselves, guys! Rocketship is launching!
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That's when you realize a $300,000 BTC makes sense. I love the S2F model and ever since I started following it it has worked flawlessly.
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Thanks for sharing this information... I believe that Bitcoin will reach $ 50,000 this year
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Weren't you the same guy saying it was going lower?
I thought it went below $ 20,000 and then went up ... but it doesn't go down any more.
It amazes me, too.
The very reason the blueprint works is that most people don't believe it. If most believed, they'd try and front run each other and the whole thing would stop working. Other people's FUD is our lunch.
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Hope it touched the 1M mark
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That would be awesome.