1340 The Bitcoin Prophecy
This is about an authentic Bitcoin halving index.
We place the prices between the halving dates at a common starting point. But what makes this index more credible? I’ve seen many similar indexes, but none of them were properly constructed. Satoshi Nakamoto mined the genesis block on January 3, 2009. This date marks the beginning of the Bitcoin network. Everything we know today as cryptocurrency started from here. There was no exchange rate at that time. The first known exchange rate came 591 days later, on July 18, 2020. So, if we want to correctly represent the halving cycles on the chart, we need to shift this first cycle by 591 days from the other halvings brought to a common point. It can be observed that the Bitcoin price drops ~1340 days after each halving, including the genesis block.
Analysis: You can find the previous analysis at the following link:
https://www.tradingview.com/chart/BLX/qUovT630-Bitcoin-Cycles-The-True-Halving-Index/
I published the above-referenced analysis on March 23, 2021. After that, all we needed was patience. Then, on May 1, 2023, I posted the following text in the Crypto Bitcoin Hungary Facebook group: “Analysis for skeptics: On January 11, 2024 ± 2 days —> BTC collapses, and so do the ALTs.”
Initially, the following comments arrived, I quote a few:
- I see the May Day celebration went well!
- I only believe in Alarik because he is a real time traveler
-I think Biden will either die or not. Now, top that!!!
- At least it’s comforting that not everyone in foreign groups believes they are Nostradamus
- Are you some kind of prophet?
Then, as January 11 approached, the comments changed:
- Predict more for us, Master!
- I caught the peak!
- You were right
- I’ve been following this post for a long time, now I want to be one of the first to congratulate you You can seal it now, it came true. With ARK/SEC setting such a date for the ETF (conspiracy theories, anyone? ) one way or another, but I think you’ll be right. If they accept it, then either a) after one last “ETF pump” comes the increasingly due correction, or b) immediately on the “buy the rumor sell the news” basis, but you’ll be right. If they don’t accept it, probably after such a pump there will also be a significant FUD-based correction, so… you’ll be right. There’s not really a losing outcome. In any case, you seriously made me wonder whether coincidences exist, or ARK and SEC deliberately set the deadline for this day
The continuation of the analysis: Actually, since the exchange rate perfectly brought the expected fall, everyone is curious about the next date: a bigger fall is expected around December 15, 2027. This date fits well into the almost traditional series of end-of-year seasonal rises, which is usually followed by a fall.
(enough) May Satoshi be with you!
The-Line, Bitcoin prophet
We place the prices between the halving dates at a common starting point. But what makes this index more credible? I’ve seen many similar indexes, but none of them were properly constructed. Satoshi Nakamoto mined the genesis block on January 3, 2009. This date marks the beginning of the Bitcoin network. Everything we know today as cryptocurrency started from here. There was no exchange rate at that time. The first known exchange rate came 591 days later, on July 18, 2020. So, if we want to correctly represent the halving cycles on the chart, we need to shift this first cycle by 591 days from the other halvings brought to a common point. It can be observed that the Bitcoin price drops ~1340 days after each halving, including the genesis block.
Analysis: You can find the previous analysis at the following link:
https://www.tradingview.com/chart/BLX/qUovT630-Bitcoin-Cycles-The-True-Halving-Index/
I published the above-referenced analysis on March 23, 2021. After that, all we needed was patience. Then, on May 1, 2023, I posted the following text in the Crypto Bitcoin Hungary Facebook group: “Analysis for skeptics: On January 11, 2024 ± 2 days —> BTC collapses, and so do the ALTs.”
Initially, the following comments arrived, I quote a few:
- I see the May Day celebration went well!
- I only believe in Alarik because he is a real time traveler
-I think Biden will either die or not. Now, top that!!!
- At least it’s comforting that not everyone in foreign groups believes they are Nostradamus
- Are you some kind of prophet?
Then, as January 11 approached, the comments changed:
- Predict more for us, Master!
- I caught the peak!
- You were right
- I’ve been following this post for a long time, now I want to be one of the first to congratulate you You can seal it now, it came true. With ARK/SEC setting such a date for the ETF (conspiracy theories, anyone? ) one way or another, but I think you’ll be right. If they accept it, then either a) after one last “ETF pump” comes the increasingly due correction, or b) immediately on the “buy the rumor sell the news” basis, but you’ll be right. If they don’t accept it, probably after such a pump there will also be a significant FUD-based correction, so… you’ll be right. There’s not really a losing outcome. In any case, you seriously made me wonder whether coincidences exist, or ARK and SEC deliberately set the deadline for this day
The continuation of the analysis: Actually, since the exchange rate perfectly brought the expected fall, everyone is curious about the next date: a bigger fall is expected around December 15, 2027. This date fits well into the almost traditional series of end-of-year seasonal rises, which is usually followed by a fall.
(enough) May Satoshi be with you!
The-Line, Bitcoin prophet
Penafian
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