Bitcoin Weekly - Zoom Out! Logarithmic Chart
If we go lower into the next ranges of support, as discussed in the last idea, don't worry cause imo long term bitcoin is still on the right track!
Just zoom OUT and watch bitcoin grow on the chart. What a fascinating chart this is! Bitstamp is currently the exchange noted on trading view with the most data going back to 2012.
The run to up now to ATH @ 20K USD looks simple but in the short to medium term it looks like we will go lower, accumulation then begins and we run up from here imo. I will post when I believe the momentum is changing to the upside. However, those with prediction models of bitcoin at 50-100k and + in the future are more than plausible. This is especially true if bitcoin can continue on its historic path and new supply cuts continues to have its effect on price.
The discussions of introduced minimal interest rates means there are not too many places as stores of value left for the common man. Especially if you disregard speculating with the baby boomers in an already over inflated markets, with over valued companies, that is a time bomb ticking, not to mention ETF potential as noted by some. Its pretty clear to see that something has to give, its a matter of time.
Maybe Gold is the other option here as has been the case in other recessions? but don't forget to consider that bitcoin continues on its journey and programmed in its design is the supply schedule, giving us a truly scarce digital store of value and medium of exchange - uncontrolled, trust-less, that is continuing to become stronger every passing 10 min block produced and if we zoom out its only ever appreciated over time. This will remind me to see past the short term hype or FUD and observe its momentum... this will be the chart to check again each year and see bitcoins journey.
Mattchimoku
* ON THE CHART - ZOOM OUT * - Start with the Weekly trend, then dive down to Daily/4HR/1HR
Not in any way trading advice, considered my personal perspective only.
Just zoom OUT and watch bitcoin grow on the chart. What a fascinating chart this is! Bitstamp is currently the exchange noted on trading view with the most data going back to 2012.
The run to up now to ATH @ 20K USD looks simple but in the short to medium term it looks like we will go lower, accumulation then begins and we run up from here imo. I will post when I believe the momentum is changing to the upside. However, those with prediction models of bitcoin at 50-100k and + in the future are more than plausible. This is especially true if bitcoin can continue on its historic path and new supply cuts continues to have its effect on price.
The discussions of introduced minimal interest rates means there are not too many places as stores of value left for the common man. Especially if you disregard speculating with the baby boomers in an already over inflated markets, with over valued companies, that is a time bomb ticking, not to mention ETF potential as noted by some. Its pretty clear to see that something has to give, its a matter of time.
Maybe Gold is the other option here as has been the case in other recessions? but don't forget to consider that bitcoin continues on its journey and programmed in its design is the supply schedule, giving us a truly scarce digital store of value and medium of exchange - uncontrolled, trust-less, that is continuing to become stronger every passing 10 min block produced and if we zoom out its only ever appreciated over time. This will remind me to see past the short term hype or FUD and observe its momentum... this will be the chart to check again each year and see bitcoins journey.
Mattchimoku
* ON THE CHART - ZOOM OUT * - Start with the Weekly trend, then dive down to Daily/4HR/1HR
Not in any way trading advice, considered my personal perspective only.
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