BTCBUSD
Bitcoin: Unraveling the Digital Currency RevolutionBitcoin, the pioneering cryptocurrency, continues to redefine the landscape of finance in the digital age. Since its inception in 2009, Bitcoin has sparked a global phenomenon, challenging traditional banking systems and offering a decentralized alternative to fiat currencies.
At its core, Bitcoin operates on a peer-to-peer network, utilizing blockchain technology to facilitate secure and transparent transactions. This decentralized approach eliminates the need for intermediaries like banks, empowering individuals to transact directly with one another.
Bitcoin's scarcity model, with a fixed supply of 21 million coins, imbues it with attributes akin to gold, making it a sought-after store of value and hedge against inflation. Its decentralized issuance and censorship-resistant properties offer financial sovereignty to users, regardless of geographical location or political jurisdiction.
Despite facing challenges such as scalability issues and regulatory scrutiny, Bitcoin's resilience and growing adoption have cemented its position as a leading digital asset. Its decentralized nature and borderless accessibility continue to attract investors, technologists, and enthusiasts worldwide.
As we navigate the complexities of the digital era, Bitcoin stands at the forefront of a financial revolution, reshaping the way we perceive and interact with money. Its decentralized ethos and disruptive potential inspire a new era of financial freedom and innovation, where individuals have greater control over their financial destinies.
Target = $ 41500Sometimes I add a bit to what I have thought.
Technical Section:
Wave 5 has two different relationships:
1- If wave 3 is less than 161.8% of wave 1 -----> the 5th Wave overextends itself.
2- If Wave 3 is greater than 161.8% of wave 1 -----> Wave 5 = 100% , 161.8% or 262% of wave 1
As shown on this chart, wave 3 is less than 161.8% of wave 1, as a result, the 5th wave overextends itself.
Extended Wave 5 = either
61.8% x length of (beginning of Wave 1 to top of Wave 3)
or
= 100% length of (beginning of Wave 1 to top of Wave 3)
or
= 161.8% x length of (beginning of Wave 1 to top of Wave 3)
Lesser degree; Wave (3):
Appendix:
BTC - FRESH UPTREND START FROM OCT 2023As 25k has held, we can be more optimistic to see a pretty good uptrend from now on.
Good luck everybody and I will miss you all for a while.
October 2023
BTC - CONGRATULATIONS IF YOU BEAR THE BEAR MARKET!Many of us experienced the bloody bear market. It was more than a year we went almost down deeply. The feeling is undescribable. The mixture of feeling of extreme dissapointment, fear, anger (you name it) but if you are still in the market (even with losing a big amount of money) and didnt give up then congrats. Because I believe the bear market has been finished. Good greeny days are ahead ...
ARE YOU READY TO COME BACK TO TITANIC IN 2023?I posted something similar to this one in 2021 illustrating the movement of BTC with some photos of TITANIC (that post has been deleted due to unknown reasons). At that post, I indicated that the bottom would be in 2023.
Anyway, now its time. 2023 has come, so jump in.
Reuters: SEC only asking for "minor" changes!
As a result, you have to be ahead of the game and you need to know this before you play!
Reuters 6 Jan 2024 :
What happens if bitcoin ETF is approved?
Technical Section:
Bulls are lurking in the market (this is a Bullish scenario for Bitcoin)!
Wave-three is related to Wave-one by one of the following:
Wave 3 = either 1.62 x (length of Wave 1) or 2.62 x (length of Wave 1)
When Wave-three is extended (Wave 3 > 1.62 x (length of Wave 1)), waves 1 and 5 tend towards equality (Wave 5 = length of Wave 1)
Wave-five is related to Wave-one by one of the following:
Wave 5 = either (length of Wave 1) or 1.62 x (length of Wave 1) or 2.62 x (length of Wave 1)
Pi Cycle Indicates The Bottom of Bitcoin.Pi cycle indicator has shown a bottom signal in July month, that’s the third time in the history of bitcoin.
This indicator accurately predicted the 2015 and 2018 bitcoin bottom.
If this indicator works for the third time then we are at the bottom of the bitcoin bear cycle.
Thanks
Hexa
IF BTC HOLD THIS BELTI love photography / videography and I tend to mix my analysis with this stuff. Anyway, I have illustrated the current situation and if BTC hold 29k we will have green days ahead. BTC has been able to hold this belts for some time.
Also remember, we dont always go down, do we?
Ehsan.F