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The official 2019 bitcoin $50k thread


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#41 AChartist

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    Tim

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Posted 01 July 2019 - 06:14 PM

We'll find out soon if my person is worthwhile because the forecast is for alts to pick up in July

 

timely ones advised recently are BAT, XLM, XTZ, BCH, ADA, EOS, XRP not necessarily in order timely means

up to Sep. but different ones will take turns not all in July.

 

other mentions some short term some longer term are Veri, Link(new on coinbase), OMG, Doge, PPP only on forkdelta should

be on exchanges in Jul, IOTA, Cosmos(atom), some others maybe too speculative to mention are BCN, Sia, ETN

 

so if this person is right about the timely list should know soon in July when they say starts alt coin season, and then I will be a believer, so far correct in BAT relative strength in recent decline

and mention of Link two weeks ago and Doge before that. At least BAT should an obvious easy one with conviction. Being late to Link I am cost averaging slowly

with this decline. So far dont need to be a believer because it was already my list but confirmation of success would be nice soon.

 

I only mention because the core of the timely list was my own too before I heard of this person so maybe is while i was attracted to this.

 

I will update cycles here soon


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#42 AChartist

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Posted 01 July 2019 - 08:05 PM

The mother of all accelerations is likely in one week, two at most.

This is a 5-6 week cycle low.

There is expected an Aug 10 drop, it is the next 5-6 week low with a knuckle down in a few other cycles,

worth trading around and parlay up. But likely quite a bit higher at the time before Aug 10 drop.

 

The better high is 10-11 weeks out 2nd week of Sep so far and not a drop, a plateau with some chop and new highs through

Nov. If it much much higher

most likely a btc plateau would be a rotation to alts. There is a meaningful correction in cycles from 21 to 32 weeks

beginning in Dec.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#43 AChartist

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Posted 06 July 2019 - 10:29 AM

There is some change in the cycles calc, it looks like more immediate 3-4 weeks up really no counter cycles to this but the 

pending 5 wk low that can come anytime and a week turns over tomorrow. It is then a long plateau of cycles peaking at different

times it may be perpetual cascade up or may be sequence of highs with corrections in between but it is a long running plateau.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#44 AChartist

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Posted 07 July 2019 - 06:39 AM

there are moves in alts and tokens on adoption news and contracts, on the premise that some will go 100x but many will go away,

I will add to some that have shown intitiation moves. Cliff said most etherium clones dont make it but that cardano is not one

of them that goes away. I'm looking for pullbacks to add to link, tezos, walton. The pullbacks typical go longer in time than

expected and do 5 wave flats or flags. Some like eos I dont know but have some for particiaption.

some think xrp is ready to go, on chain adoption usage is way up in the month. 

ultimately cliff said he didnt want the train tracks but wanted the busines that runs on the tracks, wrong so far. My guess is,

if the next 3-4 weeks is all about btc dominance again, the alts and tokens will come in one at a time with adoption and then

broaden out as investors try to front run the next one basically free with btc capital. If alt/tokens lag they may come in after

3-4 weeks when btc slows and plateaus but continues up for 17 weeks.

One point is what has shown intiation moves with adoption can probably be accumulated on pullbacks and one would even

hope they dont get away until the btc capitalization is there for free.

 

well the week of the 5 week cycle low has rolled over it can be anytime this week a rocket is launched. 6 week low is closely

related to at most one more week.


Edited by AChartist, 07 July 2019 - 06:46 AM.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#45 AChartist

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Posted 07 July 2019 - 07:12 PM

so apparently Deutschbank is done and bitcoin is coming into the mother of all cycles 


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#46 AChartist

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Posted 04 August 2019 - 08:33 AM

why bitcoin and gold, Cat Fitts

 

some think bch is the next major move. I havent been able to post images, the cycles are good for 5 weeks and after that ok

but more mixed.

the daily cycle that I dont use much may have a low around Aug 11. LTC halving not helping much I think I will

swith ltc to bch now but bch is my major holding. 

 

 


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#47 AChartist

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Posted 04 August 2019 - 06:06 PM

people are showing the correlations of tether and USD equiv stable coins market cap to

the bitcoin movement. Thus related to the btc dominance. It is the Trump tarrifs that is yuan devaluations

that is the chinese moving into btc via the stable coins. 

 

They will typically convert yuan to tether then fomo in btc.

 

I felt 10933 was the technical level to clear such that the short term Aug 11 daily cycle low may hold

higher support. Possibly hit next target area of 12000 before Aug 11 pullback.

 

S. Korea passed a legislation forbidding any taxation of cryptos. I believe Kucoin is a SK exchange.


Edited by AChartist, 04 August 2019 - 06:09 PM.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan